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        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ia Financial Corporation</name>
        <lei>549300ZXLJVHQAIXV215</lei>
        <title>IA FINANCIAL CORP INC /CAD/</title>
        <cusip>45075E104</cusip>
        <identifiers>
          <isin value="CA45075E1043"/>
          <ticker value="IAFNF"/>
          <other otherDesc="SEDOL" value="BJ2ZH37"/>
        </identifiers>
        <balance>23941.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>1369895.71</valUSD>
        <pctVal>0.3304004389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bollore SA</name>
        <lei>969500LEKCHH6VV86P94</lei>
        <title>BOLLORE /EUR/</title>
        <cusip>F10659260</cusip>
        <identifiers>
          <isin value="FR0000039299"/>
          <ticker value="BOIVF"/>
          <other otherDesc="SEDOL" value="4572709"/>
        </identifiers>
        <balance>233680.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1308939.82</valUSD>
        <pctVal>0.3156986972</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>Merck Kgaa</name>
        <lei>529900OAREIS0MOPTW25</lei>
        <title>MERCK KGAA /EUR/</title>
        <cusip>D5357W103</cusip>
        <identifiers>
          <isin value="DE0006599905"/>
          <ticker value="MKGAF"/>
          <other otherDesc="SEDOL" value="4741844"/>
        </identifiers>
        <balance>2078.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>537037.28</valUSD>
        <pctVal>0.1295261761</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>Sofina SA</name>
        <lei>5493000GMVR38VUO5D39</lei>
        <title>SOFINA /EUR/</title>
        <cusip>B80925124</cusip>
        <identifiers>
          <isin value="BE0003717312"/>
          <ticker value="SFNXF"/>
          <other otherDesc="SEDOL" value="4820301"/>
        </identifiers>
        <balance>5680.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>2793605.74</valUSD>
        <pctVal>0.6737801687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vivendi Se</name>
        <lei>969500FU4DRAEVJW7U54</lei>
        <title>VIVENDI SE /EUR/</title>
        <cusip>F97982106</cusip>
        <identifiers>
          <isin value="FR0000127771"/>
          <ticker value="VIVEF"/>
          <other otherDesc="SEDOL" value="4834777"/>
        </identifiers>
        <balance>178751.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>2419710.26</valUSD>
        <pctVal>0.5836016027</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>Storebrand ASA</name>
        <lei>5967007LIEEXZX7NA051</lei>
        <title>STOREBRAND ASA /NOK/</title>
        <cusip>R85746106</cusip>
        <identifiers>
          <isin value="NO0003053605"/>
          <ticker value="SREDF"/>
          <other otherDesc="SEDOL" value="4852832"/>
        </identifiers>
        <balance>188532.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="8.806550"/>
        <valUSD>1895050.01</valUSD>
        <pctVal>0.4570605999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HeidelbergCement AG</name>
        <lei>LZ2C6E0W5W7LQMX5ZI37</lei>
        <title>HEIDELBERGCEMENT AG /EUR/</title>
        <cusip>D31709104</cusip>
        <identifiers>
          <isin value="DE0006047004"/>
          <ticker value="HLBZF"/>
          <other otherDesc="SEDOL" value="5120679"/>
        </identifiers>
        <balance>24073.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1631271.20</valUSD>
        <pctVal>0.3934406951</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>Interpump Group</name>
        <lei>815600C79D0F31F4D395</lei>
        <title>INTERPUMP GROUP SPA /EUR/</title>
        <cusip>T5513W107</cusip>
        <identifiers>
          <isin value="IT0001078911"/>
          <ticker value="IP"/>
          <other otherDesc="SEDOL" value="5161407"/>
        </identifiers>
        <balance>13923.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1021618.57</valUSD>
        <pctVal>0.2464006723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASM International N.V.</name>
        <lei>7245001I22ND6ZFHX623</lei>
        <title>ASM INTERNATIONAL NV /EUR/</title>
        <cusip>N07045201</cusip>
        <identifiers>
          <isin value="NL0000334118"/>
          <ticker value="ASMXF"/>
          <other otherDesc="SEDOL" value="5165294"/>
        </identifiers>
        <balance>2306.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1020485.59</valUSD>
        <pctVal>0.2461274127</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>Kongsberg Gruppen ASA</name>
        <lei>5967007LIEEXZXJ9HK73</lei>
        <title>KONGSBERG GRUPPEN ASA /NOK/</title>
        <cusip>R60837102</cusip>
        <identifiers>
          <isin value="NO0003043309"/>
          <ticker value="NSKFF"/>
          <other otherDesc="SEDOL" value="5208241"/>
        </identifiers>
        <balance>16177.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="8.806550"/>
        <valUSD>525361.46</valUSD>
        <pctVal>0.1267101252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Erste Group Bank AG</name>
        <lei>PQOH26KWDF7CG10L6792</lei>
        <title>ERSTE GROUP BANK AG /EUR/</title>
        <cusip>A19494102</cusip>
        <identifiers>
          <isin value="AT0000652011"/>
          <ticker value="EBKOF"/>
          <other otherDesc="SEDOL" value="5289837"/>
        </identifiers>
        <balance>31543.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1484949.01</valUSD>
        <pctVal>0.3581497489</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lightspeed Commerce Inc</name>
        <lei>254900T8MDWRTGMFZ257</lei>
        <title>LIGHTSPEED COMMERCE INC /CAD/</title>
        <cusip>53229C107</cusip>
        <identifiers>
          <isin value="CA53229C1077"/>
          <ticker value="LSPD"/>
          <other otherDesc="SEDOL" value="BMYZ2B9"/>
        </identifiers>
        <balance>18733.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>756458.07</valUSD>
        <pctVal>0.1824475225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Loblaw Companies Limited</name>
        <lei>5493008LN3O1DIDTSH67</lei>
        <title>LOBLAW COMPANIES LTD /CAD/</title>
        <cusip>539481101</cusip>
        <identifiers>
          <isin value="CA5394811015"/>
          <ticker value="LBLCF"/>
          <other otherDesc="SEDOL" value="2521800"/>
        </identifiers>
        <balance>19756.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>1618650.41</valUSD>
        <pctVal>0.3903967302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Volkswagen Aktiengesellschaft</name>
        <lei>529900NNUPAGGOMPXZ31</lei>
        <title>VOLKSWAGENWERK AG PRF /EUR/</title>
        <cusip>D94523103</cusip>
        <identifiers>
          <isin value="DE0007664039"/>
          <ticker value="VLKPF"/>
          <other otherDesc="SEDOL" value="5497168"/>
        </identifiers>
        <balance>6040.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1220448.31</valUSD>
        <pctVal>0.2943557340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>A2A S.p.A.</name>
        <lei>81560076E3944316DB24</lei>
        <title>A2A SPA /EUR/</title>
        <cusip>T0140L103</cusip>
        <identifiers>
          <isin value="IT0001233417"/>
          <ticker value="AEMMF"/>
          <other otherDesc="SEDOL" value="5499131"/>
        </identifiers>
        <balance>439151.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>859954.26</valUSD>
        <pctVal>0.2074094129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lundin Mining Corp</name>
        <lei>549300FQDIM6C8HTN269</lei>
        <title>LUNDIN MINING CORP /CAD/</title>
        <cusip>550372106</cusip>
        <identifiers>
          <isin value="CA5503721063"/>
          <ticker value="LUNMF"/>
          <other otherDesc="SEDOL" value="2866857"/>
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        <balance>251325.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>1962995.38</valUSD>
        <pctVal>0.4734481102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daimler AG</name>
        <lei>529900R27DL06UVNT076</lei>
        <title>DAIMLER AG-REGISTERED SH /EUR/</title>
        <cusip>D1668R123</cusip>
        <identifiers>
          <isin value="DE0007100000"/>
          <ticker value="DDAIF"/>
          <other otherDesc="SEDOL" value="5529027"/>
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        <balance>18726.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1440988.44</valUSD>
        <pctVal>0.3475470501</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>Fortum Oyj</name>
        <lei>635400IUIZZIUJSAMF76</lei>
        <title>FORTUM OYJ /EUR/</title>
        <cusip>X2978Z118</cusip>
        <identifiers>
          <isin value="FI0009007132"/>
          <ticker value="FOJCF"/>
          <other otherDesc="SEDOL" value="5579550"/>
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        <balance>74145.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>2278336.07</valUSD>
        <pctVal>0.5495040476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magna International Inc</name>
        <lei>95RWVLFZX6VGDZNNTN43</lei>
        <title>MAGNA INTERNATIONAL INC /CAD/</title>
        <cusip>559222401</cusip>
        <identifiers>
          <isin value="CA5592224011"/>
          <ticker value="MGA"/>
          <other otherDesc="SEDOL" value="2554475"/>
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        <balance>12010.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>971756.59</valUSD>
        <pctVal>0.2343746327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telefonica, S.A.</name>
        <lei>549300EEJH4FEPDBBR25</lei>
        <title>TELEFONICA SA /EUR/</title>
        <cusip>879382109</cusip>
        <identifiers>
          <isin value="ES0178430E18"/>
          <ticker value="TEFOF"/>
          <other otherDesc="SEDOL" value="5732524"/>
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        <balance>385328.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1689856.71</valUSD>
        <pctVal>0.4075707330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAG Immobilien AG</name>
        <lei>529900TAE68USJNXLR59</lei>
        <title>TAG IMMOBILIEN AG /EUR/</title>
        <cusip>D8283Q174</cusip>
        <identifiers>
          <isin value="DE0008303504"/>
          <ticker value="TAGOF"/>
          <other otherDesc="SEDOL" value="5735631"/>
        </identifiers>
        <balance>46192.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1294229.85</valUSD>
        <pctVal>0.3121508501</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>Bayerische Motoren Werke AG</name>
        <lei>YEH5ZCD6E441RHVHD759</lei>
        <title>BAYERISCHE MOTOREN WERKE /EUR/</title>
        <cusip>D12096109</cusip>
        <identifiers>
          <isin value="DE0005190003"/>
          <ticker value="BAMXF"/>
          <other otherDesc="SEDOL" value="5756029"/>
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        <balance>18843.0000</balance>
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        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1898354.32</valUSD>
        <pctVal>0.4578575550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arcadis NV</name>
        <lei>7245000UZH70GO047N03</lei>
        <title>ARCADIS NV /EUR/</title>
        <cusip>N0605M147</cusip>
        <identifiers>
          <isin value="NL0006237562"/>
          <ticker value="ARCVF"/>
          <other otherDesc="SEDOL" value="5769209"/>
        </identifiers>
        <balance>27086.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1305655.97</valUSD>
        <pctVal>0.3149066767</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>Buzzi Unicem</name>
        <lei>5299003DX5YLKSVJ6K59</lei>
        <title>BUZZI UNICEM SPA /EUR/</title>
        <cusip>T2320M109</cusip>
        <identifiers>
          <isin value="IT0001347308"/>
          <ticker value="BZZUF"/>
          <other otherDesc="SEDOL" value="5782206"/>
        </identifiers>
        <balance>98723.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>2132716.66</valUSD>
        <pctVal>0.5143826025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Sartorius Ag</name>
        <lei>529900EQV2DY4FOAMU38</lei>
        <title>SARTORIUS AG-VORZUG /EUR/</title>
        <cusip>D6705R119</cusip>
        <identifiers>
          <isin value="DE0007165631"/>
          <ticker value="SUVPF"/>
          <other otherDesc="SEDOL" value="5843329"/>
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        <balance>1418.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>960886.71</valUSD>
        <pctVal>0.2317529637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Aegon N.V.</name>
        <lei>O4QK7KMMK83ITNTHUG69</lei>
        <title>AEGON NV /EUR/</title>
        <cusip>N00927298</cusip>
        <identifiers>
          <isin value="NL0000303709"/>
          <ticker value="AEGOF"/>
          <other otherDesc="SEDOL" value="5927375"/>
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        <balance>174550.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>872999.69</valUSD>
        <pctVal>0.2105557953</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 N.V.</name>
        <lei>213800Z8NOHIKRI42W10</lei>
        <title>STMICROELECTRONICS NV /EUR/</title>
        <cusip>N83574108</cusip>
        <identifiers>
          <isin value="NL0000226223"/>
          <ticker value="STMEF"/>
          <other otherDesc="SEDOL" value="5962332"/>
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        <balance>20646.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1019432.27</valUSD>
        <pctVal>0.2458733661</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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      </invstOrSec>
      <invstOrSec>
        <name>Societe Generale S.A.</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SOCIETE GENERALE SA /EUR/</title>
        <cusip>F8591M517</cusip>
        <identifiers>
          <isin value="FR0000130809"/>
          <ticker value="SCGLF"/>
          <other otherDesc="SEDOL" value="5966516"/>
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        <balance>28671.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>985949.60</valUSD>
        <pctVal>0.2377977960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aisin Corporation</name>
        <lei>3538004IOK08PDY6I723</lei>
        <title>AISIN CORP /JPY/</title>
        <cusip>J00714105</cusip>
        <identifiers>
          <isin value="JP3102000001"/>
          <ticker value="ASEKF"/>
          <other otherDesc="SEDOL" value="6010702"/>
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        <balance>61900.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>2373111.36</valUSD>
        <pctVal>0.5723625741</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Ajinomoto Co</name>
        <lei>353800UT0TLROREPIC92</lei>
        <title>AJINOMOTO CO INC /JPY/</title>
        <cusip>J00882126</cusip>
        <identifiers>
          <isin value="JP3119600009"/>
          <ticker value="AJINF"/>
          <other otherDesc="SEDOL" value="6010906"/>
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        <balance>30500.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>927223.33</valUSD>
        <pctVal>0.2236338087</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>
      <invstOrSec>
        <name>SKC Co Ltd</name>
        <lei>N/A</lei>
        <title>SKC CO LTD /KRW/</title>
        <cusip>Y8065Z100</cusip>
        <identifiers>
          <isin value="KR7011790003"/>
          <ticker value="A011790"/>
          <other otherDesc="SEDOL" value="6018085"/>
        </identifiers>
        <balance>12662.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1858691.06</valUSD>
        <pctVal>0.4482913097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Acom Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ACOM CO LTD /JPY/</title>
        <cusip>J00105106</cusip>
        <identifiers>
          <isin value="JP3108600002"/>
          <ticker value="ACJJF"/>
          <other otherDesc="SEDOL" value="6049784"/>
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        <balance>245900.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>707579.76</valUSD>
        <pctVal>0.1706587308</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>
      <invstOrSec>
        <name>Agc Inc</name>
        <lei>JE4WFFEELMVPFZ0G1E77</lei>
        <title>AGC INC /JPY/</title>
        <cusip>J02394120</cusip>
        <identifiers>
          <isin value="JP3112000009"/>
          <ticker value="ASGLF"/>
          <other otherDesc="SEDOL" value="6055208"/>
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        <balance>43600.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>2080883.25</valUSD>
        <pctVal>0.5018810804</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>
      <invstOrSec>
        <name>Asics Corp</name>
        <lei>3538002LJMRZ83SU0B85</lei>
        <title>ASICS CORP /JPY/</title>
        <cusip>J03234150</cusip>
        <identifiers>
          <isin value="JP3118000003"/>
          <ticker value="ASCCF"/>
          <other otherDesc="SEDOL" value="6057378"/>
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        <balance>19700.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>436712.16</valUSD>
        <pctVal>0.1053291052</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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      </invstOrSec>
      <invstOrSec>
        <name>Bank Leumi Le-Israel BM</name>
        <lei>7JDSZWRGUQY2DSTWCR57</lei>
        <title>BANK LEUMI LE-ISRAEL /ILS/</title>
        <cusip>M16043107</cusip>
        <identifiers>
          <isin value="IL0006046119"/>
          <ticker value="BLMIF"/>
          <other otherDesc="SEDOL" value="6076425"/>
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        <balance>212099.0000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="3.108950"/>
        <valUSD>2282028.19</valUSD>
        <pctVal>0.5503945373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</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>NTT Data Corp</name>
        <lei>353800SZGJGSLJRRWB43</lei>
        <title>NTT DATA CORP /JPY/</title>
        <cusip>J59031104</cusip>
        <identifiers>
          <isin value="JP3165700000"/>
          <ticker value="NTTDF"/>
          <other otherDesc="SEDOL" value="6125639"/>
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        <balance>93100.0000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1995867.17</valUSD>
        <pctVal>0.4813763443</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>Coway Co Limited</name>
        <lei>N/A</lei>
        <title>COWAY CO LTD /KRW/</title>
        <cusip>Y9694W104</cusip>
        <identifiers>
          <isin value="KR7021240007"/>
          <ticker value="A021240"/>
          <other otherDesc="SEDOL" value="6173401"/>
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        <balance>7210.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>451250.47</valUSD>
        <pctVal>0.1088355502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</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>Kt&amp;G Corporation</name>
        <lei>988400ZJV6ISYBLQX875</lei>
        <title>KT&amp;G CORP /KRW/</title>
        <cusip>Y49904108</cusip>
        <identifiers>
          <isin value="KR7033780008"/>
          <ticker value="KTCIF"/>
          <other otherDesc="SEDOL" value="6175076"/>
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        <balance>19765.0000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1313509.99</valUSD>
        <pctVal>0.3168009608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chubu Electric Power Company, Incorporated</name>
        <lei>529900A76GOP0PGNHT63</lei>
        <title>CHUBU ELECTRIC POWER CO  /JPY/</title>
        <cusip>J06510101</cusip>
        <identifiers>
          <isin value="JP3526600006"/>
          <ticker value="CHUEF"/>
          <other otherDesc="SEDOL" value="6195609"/>
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        <balance>114400.0000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1205362.08</valUSD>
        <pctVal>0.2907171380</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>SK Telecom Ltd.</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK TELECOM /KRW/</title>
        <cusip>Y4935N104</cusip>
        <identifiers>
          <isin value="KR7017670001"/>
          <ticker value="A017670"/>
          <other otherDesc="SEDOL" value="6224871"/>
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        <balance>26341.0000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1282981.20</valUSD>
        <pctVal>0.3094378269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</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>Jardine Cycle &amp; Ca</name>
        <lei>254900WEP6OCEXFWML09</lei>
        <title>JARDINE CYCLE &amp; CARRIAGE /SGD/</title>
        <cusip>Y43703100</cusip>
        <identifiers>
          <isin value="SG1B51001017"/>
          <ticker value="JCYCF"/>
          <other otherDesc="SEDOL" value="6242260"/>
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        <balance>63300.0000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.347600"/>
        <valUSD>967631.34</valUSD>
        <pctVal>0.2333796778</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>
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      </invstOrSec>
      <invstOrSec>
        <name>KDDI Corp</name>
        <lei>5299003FU7V4I45FU310</lei>
        <title>KDDI CORP /JPY/</title>
        <cusip>J31843105</cusip>
        <identifiers>
          <isin value="JP3496400007"/>
          <ticker value="KDDIF"/>
          <other otherDesc="SEDOL" value="6248990"/>
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        <balance>13700.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>400412.07</valUSD>
        <pctVal>0.0965740112</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Hc Capital Inc</name>
        <lei>353800MZ3QX9RLMH7B09</lei>
        <title>MITSUBISHI UFJ LEASE &amp; FINANCE /JPY/</title>
        <cusip>J4706D100</cusip>
        <identifiers>
          <isin value="JP3499800005"/>
          <ticker value="MIUFF"/>
          <other otherDesc="SEDOL" value="6268976"/>
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        <balance>85700.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>423918.11</valUSD>
        <pctVal>0.1022433522</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>LG Uplus Corp.</name>
        <lei>N/A</lei>
        <title>LG UPLUS LTD /KRW/</title>
        <cusip>Y5276R125</cusip>
        <identifiers>
          <isin value="KR7032640005"/>
          <ticker value="LGUPF"/>
          <other otherDesc="SEDOL" value="6290902"/>
        </identifiers>
        <balance>106993.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1224062.92</valUSD>
        <pctVal>0.2952275294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ebara Corp</name>
        <lei>353800UV8U3SOMCDTI49</lei>
        <title>EBARA CORP /JPY/</title>
        <cusip>J12600128</cusip>
        <identifiers>
          <isin value="JP3166000004"/>
          <ticker value="EBCOF"/>
          <other otherDesc="SEDOL" value="6302700"/>
        </identifiers>
        <balance>18200.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1011023.21</valUSD>
        <pctVal>0.2438452138</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>Subaru Corporation</name>
        <lei>549300N244BVAEE6HH86</lei>
        <title>SUBARU CORP /JPY/</title>
        <cusip>J14406136</cusip>
        <identifiers>
          <isin value="JP3814800003"/>
          <ticker value="FUJHF"/>
          <other otherDesc="SEDOL" value="6356406"/>
        </identifiers>
        <balance>48500.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>867291.14</valUSD>
        <pctVal>0.2091789697</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>FUJIFILM Holdings Corporation</name>
        <lei>529900UBKMFM0ST6H474</lei>
        <title>FUJIFILM HOLDINGS CORP /JPY/</title>
        <cusip>J14208102</cusip>
        <identifiers>
          <isin value="JP3814000000"/>
          <ticker value="FUJIF"/>
          <other otherDesc="SEDOL" value="6356525"/>
        </identifiers>
        <balance>20900.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1549103.71</valUSD>
        <pctVal>0.3736230006</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>S-Oil Corporation</name>
        <lei>988400QTUXYDN8W3MZ32</lei>
        <title>S-OIL CORP /KRW/</title>
        <cusip>Y80710109</cusip>
        <identifiers>
          <isin value="KR7010950004"/>
          <ticker value="A010950"/>
          <other otherDesc="SEDOL" value="6406055"/>
        </identifiers>
        <balance>14590.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1051830.07</valUSD>
        <pctVal>0.2536872801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hanwha Solutions Corporation</name>
        <lei>549300M2V0ZS71BRNR68</lei>
        <title>HANWHA CHEMICAL CORP /KRW/</title>
        <cusip>Y3065K104</cusip>
        <identifiers>
          <isin value="KR7009830001"/>
          <ticker value="A009830"/>
          <other otherDesc="SEDOL" value="6407768"/>
        </identifiers>
        <balance>11941.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>356597.69</valUSD>
        <pctVal>0.0860065715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hitachi Ltd</name>
        <lei>549300T6IPOCDWLKC615</lei>
        <title>HITACHI LTD /JPY/</title>
        <cusip>J20454112</cusip>
        <identifiers>
          <isin value="JP3788600009"/>
          <ticker value="HTHIF"/>
          <other otherDesc="SEDOL" value="6429104"/>
        </identifiers>
        <balance>38000.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>2058071.81</valUSD>
        <pctVal>0.4963792676</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>Honda Motor Company, Ltd.</name>
        <lei>549300P7ZYCQJ36CCS16</lei>
        <title>HONDA MOTOR CO LTD /JPY/</title>
        <cusip>J22302111</cusip>
        <identifiers>
          <isin value="JP3854600008"/>
          <ticker value="HNDAF"/>
          <other otherDesc="SEDOL" value="6435145"/>
        </identifiers>
        <balance>58360.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1638727.29</valUSD>
        <pctVal>0.3952390039</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>Lotte Chemical Corporation</name>
        <lei>988400TPNFJZDPI94Y56</lei>
        <title>LOTTE CHEMICAL CORP /KRW/</title>
        <cusip>Y3280U101</cusip>
        <identifiers>
          <isin value="KR7011170008"/>
          <ticker value="A011170"/>
          <other otherDesc="SEDOL" value="6440020"/>
        </identifiers>
        <balance>11076.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>2021864.98</valUSD>
        <pctVal>0.4876466667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Mobis Co., Ltd</name>
        <lei>988400HJA9E0ZVDHRS65</lei>
        <title>HYUNDAI MOBIS CO LTD /KRW/</title>
        <cusip>Y3849A109</cusip>
        <identifiers>
          <isin value="KR7012330007"/>
          <ticker value="HYPLF"/>
          <other otherDesc="SEDOL" value="6449544"/>
        </identifiers>
        <balance>4229.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>905388.43</valUSD>
        <pctVal>0.2183675242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK Hynix Inc.</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK HYNIX INC /KRW/</title>
        <cusip>Y8085F100</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
          <ticker value="A000660"/>
          <other otherDesc="SEDOL" value="6450267"/>
        </identifiers>
        <balance>20775.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>2289400.63</valUSD>
        <pctVal>0.5521726708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Motor Company</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>HYUNDAI MOTOR CO /KRW/</title>
        <cusip>Y38472109</cusip>
        <identifiers>
          <isin value="KR7005380001"/>
          <ticker value="HYMLF"/>
          <other otherDesc="SEDOL" value="6451055"/>
        </identifiers>
        <balance>2675.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>470304.94</valUSD>
        <pctVal>0.1134312324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Israel Discount Bank Ltd.</name>
        <lei>549300XWZ7BG5G23OF51</lei>
        <title>ISRAEL DISCOUNT BANK A /ILS/</title>
        <cusip>465074201</cusip>
        <identifiers>
          <isin value="IL0006912120"/>
          <ticker value="ISDAF"/>
          <other otherDesc="SEDOL" value="6451271"/>
        </identifiers>
        <balance>85143.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.108950"/>
        <valUSD>573471.56</valUSD>
        <pctVal>0.1383136349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICL Group Ltd</name>
        <lei>529900FQVQD88SHIGM04</lei>
        <title>ICL GROUP LTD</title>
        <cusip>M5920A109</cusip>
        <identifiers>
          <isin value="IL0002810146"/>
          <ticker value="ICL"/>
          <other otherDesc="SEDOL" value="6455530"/>
        </identifiers>
        <balance>184513.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.108950"/>
        <valUSD>1781062.78</valUSD>
        <pctVal>0.4295684116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ibiden Co Ltd</name>
        <lei>52990051DBFIQEY37C91</lei>
        <title>IBIDEN CO LTD /JPY/</title>
        <cusip>J23059116</cusip>
        <identifiers>
          <isin value="JP3148800000"/>
          <ticker value="IBIDF"/>
          <other otherDesc="SEDOL" value="6456102"/>
        </identifiers>
        <balance>16300.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>969242.81</valUSD>
        <pctVal>0.2337683427</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>Hyundai Steel Co. Ltd</name>
        <lei>9884006EYA94IB2C3132</lei>
        <title>HYUNDAI STEEL CO /KRW/</title>
        <cusip>Y38383108</cusip>
        <identifiers>
          <isin value="KR7004020004"/>
          <ticker value="A004020"/>
          <other otherDesc="SEDOL" value="6461850"/>
        </identifiers>
        <balance>22596.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>779336.28</valUSD>
        <pctVal>0.1879654393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrial Bank of Korea</name>
        <lei>988400RBIWE3YA18PK12</lei>
        <title>INDUSTRIAL BANK OF KOREA /KRW/</title>
        <cusip>Y3994L108</cusip>
        <identifiers>
          <isin value="KR7024110009"/>
          <ticker value="A024110"/>
          <other otherDesc="SEDOL" value="6462972"/>
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        <balance>50949.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>441450.85</valUSD>
        <pctVal>0.1064720135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Isuzu Motors</name>
        <lei>529900C0QSXVCC7AR494</lei>
        <title>ISUZU MOTORS LTD /JPY/</title>
        <cusip>J24994105</cusip>
        <identifiers>
          <isin value="JP3137200006"/>
          <ticker value="ISUZF"/>
          <other otherDesc="SEDOL" value="6467104"/>
        </identifiers>
        <balance>68400.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>850911.94</valUSD>
        <pctVal>0.2052285268</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>Itochu Corp</name>
        <lei>J48DJYXDTLHM30UMYI18</lei>
        <title>ITOCHU CORP /JPY/</title>
        <cusip>J2501P104</cusip>
        <identifiers>
          <isin value="JP3143600009"/>
          <ticker value="ITOCF"/>
          <other otherDesc="SEDOL" value="6467803"/>
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        <balance>30800.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>941966.44</valUSD>
        <pctVal>0.2271896487</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>Kajima Corporation</name>
        <lei>N/A</lei>
        <title>KAJIMA CORP /JPY/</title>
        <cusip>J29223120</cusip>
        <identifiers>
          <isin value="JP3210200006"/>
          <ticker value="KAJMF"/>
          <other otherDesc="SEDOL" value="6481320"/>
        </identifiers>
        <balance>69900.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>802728.85</valUSD>
        <pctVal>0.1936074129</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>Kansai Electric Power Co Inc</name>
        <lei>353800PFUKP5ONPJNZ86</lei>
        <title>KANSAI ELECTRIC POWER CO /JPY/</title>
        <cusip>J30169106</cusip>
        <identifiers>
          <isin value="JP3228600007"/>
          <ticker value="KAEPF"/>
          <other otherDesc="SEDOL" value="6483489"/>
        </identifiers>
        <balance>92900.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>867378.94</valUSD>
        <pctVal>0.2092001459</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>Kawasaki Kisen Kaisha Ltd.</name>
        <lei>353800FL04R73DS5P870</lei>
        <title>KAWASAKI KISEN KAISHA LT /JPY/</title>
        <cusip>J31588114</cusip>
        <identifiers>
          <isin value="JP3223800008"/>
          <ticker value="KAKKF"/>
          <other otherDesc="SEDOL" value="6484686"/>
        </identifiers>
        <balance>41500.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>2496566.11</valUSD>
        <pctVal>0.6021382010</pctVal>
        <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>Kikkoman Corp</name>
        <lei>529900T9K5UH9HXOND47</lei>
        <title>KIKKOMAN CORP /JPY/</title>
        <cusip>J32620106</cusip>
        <identifiers>
          <isin value="JP3240400006"/>
          <ticker value="KIKOF"/>
          <other otherDesc="SEDOL" value="6490809"/>
        </identifiers>
        <balance>5500.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>462357.65</valUSD>
        <pctVal>0.1115144528</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kia Corporation</name>
        <lei>988400V8MJK9N7OI5X76</lei>
        <title>KIA CORP /KRW/</title>
        <cusip>Y47601102</cusip>
        <identifiers>
          <isin value="KR7000270009"/>
          <ticker value="KIMTF"/>
          <other otherDesc="SEDOL" value="6490928"/>
        </identifiers>
        <balance>19765.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1366715.46</valUSD>
        <pctVal>0.3296334053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Korea Zinc</name>
        <lei>988400D0HSQUB1I1VO41</lei>
        <title>KOREA ZINC CO LTD /KRW/</title>
        <cusip>Y4960Y108</cusip>
        <identifiers>
          <isin value="KR7010130003"/>
          <ticker value="A010130"/>
          <other otherDesc="SEDOL" value="6495428"/>
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        <balance>4254.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1828638.49</valUSD>
        <pctVal>0.4410430336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</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>Korea Electric Power Corporation</name>
        <lei>988400QG33WS7JEIV602</lei>
        <title>KOREA ELECTRIC POWER COR /KRW/</title>
        <cusip>Y48406105</cusip>
        <identifiers>
          <isin value="KR7015760002"/>
          <ticker value="A015760"/>
          <other otherDesc="SEDOL" value="6495730"/>
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        <balance>45432.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>844624.35</valUSD>
        <pctVal>0.2037120446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</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>Kumho Petrochemical Co. Ltd.</name>
        <lei>N/A</lei>
        <title>KUMHO PETROCHEMICAL CO L /KRW/</title>
        <cusip>Y49212106</cusip>
        <identifiers>
          <isin value="KR7011780004"/>
          <ticker value="A011780"/>
          <other otherDesc="SEDOL" value="6499323"/>
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        <balance>14152.0000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1976220.40</valUSD>
        <pctVal>0.4766378073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KT Corporation</name>
        <lei>9884005ACF8449EANY26</lei>
        <title>KT CORP /KRW/</title>
        <cusip>Y49915104</cusip>
        <identifiers>
          <isin value="KR7030200000"/>
          <ticker value="A030200"/>
          <other otherDesc="SEDOL" value="6505316"/>
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        <balance>49230.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1267245.43</valUSD>
        <pctVal>0.3056425706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>KR</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>Tokio Marine Hldg</name>
        <lei>5299009QN2NZ191KLS29</lei>
        <title>TOKIO MARINE HOLDINGS INC /JPY/</title>
        <cusip>J86298106</cusip>
        <identifiers>
          <isin value="JP3910660004"/>
          <ticker value="TKOMF"/>
          <other otherDesc="SEDOL" value="6513126"/>
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        <balance>8400.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>466772.15</valUSD>
        <pctVal>0.1125791709</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>
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      </invstOrSec>
      <invstOrSec>
        <name>LG Corp</name>
        <lei>N/A</lei>
        <title>LG CORP /KRW/</title>
        <cusip>Y52755108</cusip>
        <identifiers>
          <isin value="KR7003550001"/>
          <ticker value="A003550"/>
          <other otherDesc="SEDOL" value="6537030"/>
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        <balance>28761.0000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1957320.63</valUSD>
        <pctVal>0.4720794367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JFE Holding, Inc.</name>
        <lei>N/A</lei>
        <title>JFE HOLDINGS INC /JPY/</title>
        <cusip>J2817M100</cusip>
        <identifiers>
          <isin value="JP3386030005"/>
          <ticker value="JFEEF"/>
          <other otherDesc="SEDOL" value="6543792"/>
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        <balance>148500.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1893849.43</valUSD>
        <pctVal>0.4567710361</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>
      <invstOrSec>
        <name>Makita Electric Works Ltd</name>
        <lei>529900CDR9E94BCM6294</lei>
        <title>MAKITA CORP /JPY/</title>
        <cusip>J39584107</cusip>
        <identifiers>
          <isin value="JP3862400003"/>
          <ticker value="MKEWF"/>
          <other otherDesc="SEDOL" value="6555805"/>
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        <balance>16400.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>696176.65</valUSD>
        <pctVal>0.1679084539</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marubeni Corp</name>
        <lei>4P4N3ORD02UGQT1T1W12</lei>
        <title>MARUBENI CORP /JPY/</title>
        <cusip>J39788138</cusip>
        <identifiers>
          <isin value="JP3877600001"/>
          <ticker value="MARUF"/>
          <other otherDesc="SEDOL" value="6569464"/>
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        <balance>162100.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1577596.71</valUSD>
        <pctVal>0.3804951293</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>
      <invstOrSec>
        <name>L&amp;F Co Ltd</name>
        <lei>N/A</lei>
        <title>L&amp;F CO LTD /KRW/</title>
        <cusip>Y52747105</cusip>
        <identifiers>
          <isin value="KR7066970005"/>
          <ticker value="A066970"/>
          <other otherDesc="SEDOL" value="6578608"/>
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        <balance>14943.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>2795645.17</valUSD>
        <pctVal>0.6742720518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</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>Misumi Group Inc</name>
        <lei>353800SJWGE5BEK2V032</lei>
        <title>MISUMI GROUP INC /JPY/</title>
        <cusip>J43293109</cusip>
        <identifiers>
          <isin value="JP3885400006"/>
          <ticker value="MSUXF"/>
          <other otherDesc="SEDOL" value="6595179"/>
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        <balance>31800.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1304842.22</valUSD>
        <pctVal>0.3147104112</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>
      <invstOrSec>
        <name>Mitsubishi Corporation</name>
        <lei>KVIPTY4PULAPGC1VVD26</lei>
        <title>MITSUBISHI CORP /JPY/</title>
        <cusip>J43830116</cusip>
        <identifiers>
          <isin value="JP3898400001"/>
          <ticker value="MSBHF"/>
          <other otherDesc="SEDOL" value="6596785"/>
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        <balance>42800.0000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1358824.65</valUSD>
        <pctVal>0.3277302479</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>
      <invstOrSec>
        <name>Mitsubishi Gas Chemical Co Inc</name>
        <lei>529900G5O4J27ZPLJJ89</lei>
        <title>MITSUBISHI GAS CHEMICAL  /JPY/</title>
        <cusip>J43959113</cusip>
        <identifiers>
          <isin value="JP3896800004"/>
          <ticker value="MBGCF"/>
          <other otherDesc="SEDOL" value="6596923"/>
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        <balance>68300.0000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1156640.88</valUSD>
        <pctVal>0.2789662392</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>
      <invstOrSec>
        <name>Mitsubishi Electric Corp</name>
        <lei>549300TRXM9Y6561AX39</lei>
        <title>MITSUBISHI ELECTRIC CORP /JPY/</title>
        <cusip>J43873116</cusip>
        <identifiers>
          <isin value="JP3902400005"/>
          <ticker value="MIELF"/>
          <other otherDesc="SEDOL" value="6597045"/>
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        <balance>32400.0000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>410809.35</valUSD>
        <pctVal>0.0990816954</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>
      <invstOrSec>
        <name>Mitsubishi Heavy Industries</name>
        <lei>353800TJ98PCAZROVE69</lei>
        <title>MITSUBISHI HEAVY INDUSTR /JPY/</title>
        <cusip>J44002129</cusip>
        <identifiers>
          <isin value="JP3900000005"/>
          <ticker value="MHVYF"/>
          <other otherDesc="SEDOL" value="6597067"/>
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        <balance>33300.0000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>769753.11</valUSD>
        <pctVal>0.1856541075</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>
      <invstOrSec>
        <name>Mitsui &amp; Co Ltd</name>
        <lei>2NRSB4GOU9DD6CNW5R48</lei>
        <title>MITSUI &amp; CO LTD /JPY/</title>
        <cusip>J44690139</cusip>
        <identifiers>
          <isin value="JP3893600001"/>
          <ticker value="MITSF"/>
          <other otherDesc="SEDOL" value="6597302"/>
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        <balance>40900.0000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>968366.08</valUSD>
        <pctVal>0.2335568872</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>
      <invstOrSec>
        <name>Mitsui Chemicals Inc</name>
        <lei>353800H2UB5ZEZRZQC02</lei>
        <title>MITSUI CHEMICALS INC /JPY/</title>
        <cusip>J4466L102</cusip>
        <identifiers>
          <isin value="JP3888300005"/>
          <ticker value="MITUF"/>
          <other otherDesc="SEDOL" value="6597368"/>
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        <balance>53600.0000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1439833.09</valUSD>
        <pctVal>0.3472683952</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsui O.S.K. Lines LTD New Tokyo</name>
        <lei>353800P8O843TMAZ6S09</lei>
        <title>MITSUI OSK LINES LTD /JPY/</title>
        <cusip>J45013109</cusip>
        <identifiers>
          <isin value="JP3362700001"/>
          <ticker value="MSLOF"/>
          <other otherDesc="SEDOL" value="6597584"/>
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        <balance>33300.0000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>2472242.02</valUSD>
        <pctVal>0.5962715573</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Mainfreight Ltd</name>
        <lei>5493007BE0VNXX7RYQ88</lei>
        <title>MAINFREIGHT LTD /NZD/</title>
        <cusip>Q5742H106</cusip>
        <identifiers>
          <isin value="NZMFTE0001S9"/>
          <ticker value="MFGHF"/>
          <other otherDesc="SEDOL" value="6603038"/>
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        <balance>33796.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.460067"/>
        <valUSD>2173491.88</valUSD>
        <pctVal>0.5242170377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seiko Epson Corp</name>
        <lei>549300NIOFQDR749W206</lei>
        <title>SEIKO EPSON CORP /JPY/</title>
        <cusip>J7030F105</cusip>
        <identifiers>
          <isin value="JP3414750004"/>
          <ticker value="SEKEF"/>
          <other otherDesc="SEDOL" value="6616508"/>
        </identifiers>
        <balance>111600.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>2009246.28</valUSD>
        <pctVal>0.4846032058</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>NGK Insulators Ltd</name>
        <lei>353800701BNCL25VYY16</lei>
        <title>NGK INSULATORS LTD /JPY/</title>
        <cusip>J49076110</cusip>
        <identifiers>
          <isin value="JP3695200000"/>
          <ticker value="NGKIF"/>
          <other otherDesc="SEDOL" value="6619507"/>
        </identifiers>
        <balance>79500.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1343545.16</valUSD>
        <pctVal>0.3240450403</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>NEC Corp</name>
        <lei>5493000QYMPFRTEY4K28</lei>
        <title>NEC CORP /JPY/</title>
        <cusip>J48818124</cusip>
        <identifiers>
          <isin value="JP3733000008"/>
          <ticker value="NIPNF"/>
          <other otherDesc="SEDOL" value="6640400"/>
        </identifiers>
        <balance>16600.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>766287.06</valUSD>
        <pctVal>0.1848181428</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>Nippon Sanso Holdings Corporation</name>
        <lei>353800F1K6653B4VPY57</lei>
        <title>NIPPON SANSO HOLDINGS CO /JPY/</title>
        <cusip>J55440119</cusip>
        <identifiers>
          <isin value="JP3711600001"/>
          <ticker value="TYNPF"/>
          <other otherDesc="SEDOL" value="6640541"/>
        </identifiers>
        <balance>71600.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1564207.60</valUSD>
        <pctVal>0.3772658559</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>Nippo Corporation</name>
        <lei>N/A</lei>
        <title>NIPPO CORP /JPY/</title>
        <cusip>J5192P101</cusip>
        <identifiers>
          <isin value="JP3750200002"/>
          <ticker value="NPPCF"/>
          <other otherDesc="SEDOL" value="6640789"/>
        </identifiers>
        <balance>25100.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>870633.75</valUSD>
        <pctVal>0.2099851624</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>Nippon Express Holdiings Inc</name>
        <lei>529900NTHOQWZAW95H82</lei>
        <title>NIPPON EXPRESS CO LTD /JPY/</title>
        <cusip>J53376117</cusip>
        <identifiers>
          <isin value="JP3729400006"/>
          <ticker value="9147"/>
          <other otherDesc="SEDOL" value="6642127"/>
        </identifiers>
        <balance>6500.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>390463.36</valUSD>
        <pctVal>0.0941745160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nikon Corp</name>
        <lei>549300X7LIS9RFELXJ98</lei>
        <title>NIKON CORP /JPY/</title>
        <cusip>654111103</cusip>
        <identifiers>
          <isin value="JP3657400002"/>
          <ticker value="NINOF"/>
          <other otherDesc="SEDOL" value="6642321"/>
        </identifiers>
        <balance>40300.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>434425.80</valUSD>
        <pctVal>0.1047776659</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>Nippon Steel Corporation</name>
        <lei>35380065QWQ4U2V3PA33</lei>
        <title>NIPPON STEEL AND SUMITOMO METAL CORPORATION /JPY/</title>
        <cusip>J55999122</cusip>
        <identifiers>
          <isin value="JP3381000003"/>
          <ticker value="NISTF"/>
          <other otherDesc="SEDOL" value="6642569"/>
        </identifiers>
        <balance>49600.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>809993.91</valUSD>
        <pctVal>0.1953596477</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>Nippon Yusen Kabushiki Kaisha</name>
        <lei>353800YPW4XM0ZN5I149</lei>
        <title>NIPPON YUSEN KK /JPY/</title>
        <cusip>J56515133</cusip>
        <identifiers>
          <isin value="JP3753000003"/>
          <ticker value="NYUKF"/>
          <other otherDesc="SEDOL" value="6643960"/>
        </identifiers>
        <balance>29800.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>2269390.59</valUSD>
        <pctVal>0.5473465180</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>Korea Investment Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>KOREA INVESTMENT HOLDING /KRW/</title>
        <cusip>Y2097Q105</cusip>
        <identifiers>
          <isin value="KR7071050009"/>
          <ticker value="A071050"/>
          <other otherDesc="SEDOL" value="6654586"/>
        </identifiers>
        <balance>6199.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>420828.01</valUSD>
        <pctVal>0.1014980616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Obayashi Corp</name>
        <lei>529900YT4O5S0LCXWD54</lei>
        <title>OBAYASHI CORP /JPY/</title>
        <cusip>J59826107</cusip>
        <identifiers>
          <isin value="JP3190000004"/>
          <ticker value="OBYCF"/>
          <other otherDesc="SEDOL" value="6656407"/>
        </identifiers>
        <balance>108500.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>839476.66</valUSD>
        <pctVal>0.2024704909</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>Oji Holdings Corporation</name>
        <lei>529900LVC9GIIYUGE243</lei>
        <title>OJI HOLDINGS CORPORIATON /JPY/</title>
        <cusip>J6031N109</cusip>
        <identifiers>
          <isin value="JP3174410005"/>
          <ticker value="OJIPF"/>
          <other otherDesc="SEDOL" value="6657701"/>
        </identifiers>
        <balance>267700.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1296260.98</valUSD>
        <pctVal>0.3126407314</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>Orix Corporation</name>
        <lei>35380016EMHNBOVYE123</lei>
        <title>ORIX CORP /JPY/</title>
        <cusip>J61933123</cusip>
        <identifiers>
          <isin value="JP3200450009"/>
          <ticker value="ORXCF"/>
          <other otherDesc="SEDOL" value="6661144"/>
        </identifiers>
        <balance>47800.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>975489.00</valUSD>
        <pctVal>0.2352748398</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>Osaka Gas Co Ltd</name>
        <lei>353800024KMNOPQRWZ02</lei>
        <title>OSAKA GAS CO LTD /JPY/</title>
        <cusip>J62320114</cusip>
        <identifiers>
          <isin value="JP3180400008"/>
          <ticker value="OSGSF"/>
          <other otherDesc="SEDOL" value="6661768"/>
        </identifiers>
        <balance>73800.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1219627.92</valUSD>
        <pctVal>0.2941578670</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>Nabtesco Corporation</name>
        <lei>529900DVHQXYRTGW7739</lei>
        <title>NABTESCO CORP /JPY/</title>
        <cusip>J4707Q100</cusip>
        <identifiers>
          <isin value="JP3651210001"/>
          <ticker value="NCTKF"/>
          <other otherDesc="SEDOL" value="6687571"/>
        </identifiers>
        <balance>47400.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1403086.15</valUSD>
        <pctVal>0.3384055270</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>Posco</name>
        <lei>988400E5HRVX81AYLM04</lei>
        <title>POSCO /KRW/</title>
        <cusip>Y70750115</cusip>
        <identifiers>
          <isin value="KR7005490008"/>
          <ticker value="PKXFF"/>
          <other otherDesc="SEDOL" value="6693233"/>
        </identifiers>
        <balance>6484.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1497251.74</valUSD>
        <pctVal>0.3611170021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nuvei Corporation</name>
        <lei>N/A</lei>
        <title>NUVEI CORP-SUBORDINATE V /CAD/</title>
        <cusip>67079A102</cusip>
        <identifiers>
          <isin value="CA67079A1021"/>
          <ticker value="NVEI"/>
          <other otherDesc="SEDOL" value="BMFNHJ5"/>
        </identifiers>
        <balance>19724.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>1278602.32</valUSD>
        <pctVal>0.3083816998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T&amp;D Holdings Inc</name>
        <lei>3538008ARJ1MACEWA242</lei>
        <title>T&amp;D HOLDINGS INC /JPY/</title>
        <cusip>J86796109</cusip>
        <identifiers>
          <isin value="JP3539220008"/>
          <ticker value="TDHOF"/>
          <other otherDesc="SEDOL" value="6744294"/>
        </identifiers>
        <balance>97600.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1248954.19</valUSD>
        <pctVal>0.3012309693</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>Samsung Engineering Co.,Ltd</name>
        <lei>988400HDAY5KIVHGZ188</lei>
        <title>SAMSUNG ENGINEERING CO L /KRW/</title>
        <cusip>Y7472L100</cusip>
        <identifiers>
          <isin value="KR7028050003"/>
          <ticker value="A028050"/>
          <other otherDesc="SEDOL" value="6765239"/>
        </identifiers>
        <balance>83751.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1613373.63</valUSD>
        <pctVal>0.3891240417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Softbank Group Corp</name>
        <lei>5493003BZYYYCDIO0R13</lei>
        <title>SOFTBANK GROUP CORP /JPY/</title>
        <cusip>J75963108</cusip>
        <identifiers>
          <isin value="JP3436100006"/>
          <ticker value="SFTBF"/>
          <other otherDesc="SEDOL" value="6770620"/>
        </identifiers>
        <balance>38900.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1837630.18</valUSD>
        <pctVal>0.4432117084</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>Samsung Electronics Limited</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONICS CO L /KRW/</title>
        <cusip>Y74718100</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
          <ticker value="SSNLF"/>
          <other otherDesc="SEDOL" value="6771720"/>
        </identifiers>
        <balance>7220.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>475563.41</valUSD>
        <pctVal>0.1146995047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shimizu Corporation</name>
        <lei>353800BRAE0QFP3ZLY22</lei>
        <title>SHIMIZU CORP /JPY/</title>
        <cusip>J72445117</cusip>
        <identifiers>
          <isin value="JP3358800005"/>
          <ticker value="SHMUF"/>
          <other otherDesc="SEDOL" value="6804400"/>
        </identifiers>
        <balance>59800.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>370663.31</valUSD>
        <pctVal>0.0893990100</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>Shimano Inc</name>
        <lei>529900L32YT3P9DECR10</lei>
        <title>SHIMANO INC /JPY/</title>
        <cusip>J72262108</cusip>
        <identifiers>
          <isin value="JP3358000002"/>
          <ticker value="SHMDF"/>
          <other otherDesc="SEDOL" value="6804820"/>
        </identifiers>
        <balance>4600.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1226080.15</valUSD>
        <pctVal>0.2957140582</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>Sino Land Co Ltd</name>
        <lei>529900G5P51053HJVZ92</lei>
        <title>SINO LAND CO /HKD/</title>
        <cusip>Y80267126</cusip>
        <identifiers>
          <isin value="HK0083000502"/>
          <ticker value="SNLAF"/>
          <other otherDesc="SEDOL" value="6810429"/>
        </identifiers>
        <balance>1033872.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.797550"/>
        <valUSD>1287442.48</valUSD>
        <pctVal>0.3105138277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sony Group Corporation</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>SONY GROUP CORP /JPY/</title>
        <cusip>J76379106</cusip>
        <identifiers>
          <isin value="JP3435000009"/>
          <ticker value="SNEJF"/>
          <other otherDesc="SEDOL" value="6821506"/>
        </identifiers>
        <balance>4000.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>503346.95</valUSD>
        <pctVal>0.1214005212</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>Onex Corp</name>
        <lei>894500LB8PNE5C7CEN88</lei>
        <title>ONEX CORPORATION /CAD/</title>
        <cusip>68272K103</cusip>
        <identifiers>
          <isin value="CA68272K1030"/>
          <ticker value="ONEXF"/>
          <other otherDesc="SEDOL" value="2659518"/>
        </identifiers>
        <balance>31963.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>2508626.14</valUSD>
        <pctVal>0.6050469182</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stanley Electric Co Ltd</name>
        <lei>N/A</lei>
        <title>STANLEY ELECTRIC CO LTD /JPY/</title>
        <cusip>J76637115</cusip>
        <identifiers>
          <isin value="JP3399400005"/>
          <ticker value="STAEF"/>
          <other otherDesc="SEDOL" value="6841106"/>
        </identifiers>
        <balance>35700.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>893508.65</valUSD>
        <pctVal>0.2155022809</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>Sumitomo Chemical Co Ltd</name>
        <lei>353800RSAU9BD8U4DM91</lei>
        <title>SUMITOMO CHEMICAL CO LTD /JPY/</title>
        <cusip>J77153120</cusip>
        <identifiers>
          <isin value="JP3401400001"/>
          <ticker value="SOMMF"/>
          <other otherDesc="SEDOL" value="6858560"/>
        </identifiers>
        <balance>86200.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>406158.39</valUSD>
        <pctVal>0.0979599464</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>Sumitomo Electric Industries</name>
        <lei>5493005SP87FL5TOS202</lei>
        <title>SUMITOMO ELECTRIC INDUST /JPY/</title>
        <cusip>J77411114</cusip>
        <identifiers>
          <isin value="JP3407400005"/>
          <ticker value="SMTOF"/>
          <other otherDesc="SEDOL" value="6858708"/>
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        <balance>101100.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1317912.28</valUSD>
        <pctVal>0.3178627340</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>Sumitomo Metal Mining Co Ltd</name>
        <lei>353800CF81IXL9974H84</lei>
        <title>SUMITOMO METAL MINING CO /JPY/</title>
        <cusip>J77712123</cusip>
        <identifiers>
          <isin value="JP3402600005"/>
          <ticker value="STMNF"/>
          <other otherDesc="SEDOL" value="6858849"/>
        </identifiers>
        <balance>49600.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1875684.60</valUSD>
        <pctVal>0.4523899232</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>Sun Hung Kai Properties Ltd</name>
        <lei>529900LUMD393RD3S874</lei>
        <title>SUN HUNG KAI PROPERTIES /HKD/</title>
        <cusip>Y82594121</cusip>
        <identifiers>
          <isin value="HK0016000132"/>
          <ticker value="SUHJF"/>
          <other otherDesc="SEDOL" value="6859927"/>
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        <balance>36074.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.797550"/>
        <valUSD>437650.34</valUSD>
        <pctVal>0.1055553816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suzuki Motor Corp</name>
        <lei>353800D83H0V3ZV1SV24</lei>
        <title>SUZUKI MOTOR CORP /JPY/</title>
        <cusip>J78529138</cusip>
        <identifiers>
          <isin value="JP3397200001"/>
          <ticker value="SZKMF"/>
          <other otherDesc="SEDOL" value="6865504"/>
        </identifiers>
        <balance>20200.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>777760.58</valUSD>
        <pctVal>0.1875854016</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>Taisei Corp</name>
        <lei>529900TF7XJKIOWMLQ79</lei>
        <title>TAISEI CORP /JPY/</title>
        <cusip>J79561130</cusip>
        <identifiers>
          <isin value="JP3443600006"/>
          <ticker value="TISCF"/>
          <other otherDesc="SEDOL" value="6870100"/>
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        <balance>14000.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>425367.30</valUSD>
        <pctVal>0.1025928774</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>Taiyo Yuden Co Ltd</name>
        <lei>353800V9G3X5PLB9AD43</lei>
        <title>TAIYO YUDEN CO LTD /JPY/</title>
        <cusip>J80206113</cusip>
        <identifiers>
          <isin value="JP3452000007"/>
          <ticker value="TYOYF"/>
          <other otherDesc="SEDOL" value="6870564"/>
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        <balance>38100.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>2192662.78</valUSD>
        <pctVal>0.5288408012</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Electric Power Company Holdings Inc</name>
        <lei>5299004EMJ3R4RVR5Y75</lei>
        <title>TOKYO ELECTRIC POWER CO /JPY/</title>
        <cusip>J86914108</cusip>
        <identifiers>
          <isin value="JP3585800000"/>
          <ticker value="TKECF"/>
          <other otherDesc="SEDOL" value="6895404"/>
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        <balance>472600.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1220222.55</valUSD>
        <pctVal>0.2943012837</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Gas Co Ltd</name>
        <lei>353800678EIJLOQSWZ83</lei>
        <title>TOKYO GAS CO LTD /JPY/</title>
        <cusip>J87000105</cusip>
        <identifiers>
          <isin value="JP3573000001"/>
          <ticker value="TKGSF"/>
          <other otherDesc="SEDOL" value="6895448"/>
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        <balance>48500.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>869399.29</valUSD>
        <pctVal>0.2096874272</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Toppan Inc</name>
        <lei>3538003H9W4KIDODQY20</lei>
        <title>TOPPAN INC /JPY/</title>
        <cusip>890747108</cusip>
        <identifiers>
          <isin value="JP3629000005"/>
          <ticker value="TONPF"/>
          <other otherDesc="SEDOL" value="6897024"/>
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        <balance>106000.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1986751.28</valUSD>
        <pctVal>0.4791777141</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Tosoh Corp</name>
        <lei>529900YSLFVJF2MDBX02</lei>
        <title>TOSOH CORP /JPY/</title>
        <cusip>J90096116</cusip>
        <identifiers>
          <isin value="JP3595200001"/>
          <ticker value="TOSCF"/>
          <other otherDesc="SEDOL" value="6900289"/>
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        <balance>123880.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1837253.59</valUSD>
        <pctVal>0.4431208799</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Mazda Motor Corp</name>
        <lei>52990044YZJLICDQKK92</lei>
        <title>MAZDA MOTOR CORP /JPY/</title>
        <cusip>J41551102</cusip>
        <identifiers>
          <isin value="JP3868400007"/>
          <ticker value="MZDAF"/>
          <other otherDesc="SEDOL" value="6900308"/>
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        <balance>103300.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>794753.54</valUSD>
        <pctVal>0.1916838753</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Toyota Tsusho Corp</name>
        <lei>549300CEE2ENIUJNXB84</lei>
        <title>TOYOTA TSUSHO CORP /JPY/</title>
        <cusip>J92719111</cusip>
        <identifiers>
          <isin value="JP3635000007"/>
          <ticker value="TYHOF"/>
          <other otherDesc="SEDOL" value="6900580"/>
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        <balance>10600.0000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>488394.33</valUSD>
        <pctVal>0.1177941502</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Toyota Motor Corp</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>TOYOTA MOTOR CORP /JPY/</title>
        <cusip>J92676113</cusip>
        <identifiers>
          <isin value="JP3633400001"/>
          <ticker value="TOYOF"/>
          <other otherDesc="SEDOL" value="6900643"/>
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        <balance>25200.0000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>461258.80</valUSD>
        <pctVal>0.1112494249</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Mizrahi Tefahot Bank Limited</name>
        <lei>YZO9YEGEO4VYDZMDWF93</lei>
        <title>MIZRAHI TEFAHOT BANK LTD /ILS/</title>
        <cusip>M9540S110</cusip>
        <identifiers>
          <isin value="IL0006954379"/>
          <ticker value="MZTFF"/>
          <other otherDesc="SEDOL" value="6916703"/>
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        <balance>53492.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.108950"/>
        <valUSD>2064697.08</valUSD>
        <pctVal>0.4979771937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yamaha Motor Co Ltd</name>
        <lei>3538004LR5NXILJDHY88</lei>
        <title>YAMAHA MOTOR CO LTD /JPY/</title>
        <cusip>J95776126</cusip>
        <identifiers>
          <isin value="JP3942800008"/>
          <ticker value="YAMHF"/>
          <other otherDesc="SEDOL" value="6985264"/>
        </identifiers>
        <balance>64600.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1549434.06</valUSD>
        <pctVal>0.3737026765</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>Eurazeo</name>
        <lei>969500C656AA39O94N60</lei>
        <title>EURAZEO /EUR/</title>
        <cusip>F3296A108</cusip>
        <identifiers>
          <isin value="FR0000121121"/>
          <ticker value="EUZOF"/>
          <other otherDesc="SEDOL" value="7042395"/>
        </identifiers>
        <balance>19193.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1678174.49</valUSD>
        <pctVal>0.4047531385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Axa SA</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
        <title>AXA SA /EUR/</title>
        <cusip>F06106102</cusip>
        <identifiers>
          <isin value="FR0000120628"/>
          <ticker value="AXAHF"/>
          <other otherDesc="SEDOL" value="7088429"/>
        </identifiers>
        <balance>16187.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>482560.74</valUSD>
        <pctVal>0.1163871666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Porsche Auto Hl Se</name>
        <lei>52990053Z17ZYM1KFV27</lei>
        <title>PORSCHE AUTOMOBIL HLDG-P /EUR/</title>
        <cusip>D6240C122</cusip>
        <identifiers>
          <isin value="DE000PAH0038"/>
          <ticker value="POAHF"/>
          <other otherDesc="SEDOL" value="7101069"/>
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        <balance>22682.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>2154709.24</valUSD>
        <pctVal>0.5196869173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Equinor ASA</name>
        <lei>OW6OFBNCKXC4US5C7523</lei>
        <title>EQUINOR ASA /NOK/</title>
        <cusip>R8413J103</cusip>
        <identifiers>
          <isin value="NO0010096985"/>
          <ticker value="STOHF"/>
          <other otherDesc="SEDOL" value="7133608"/>
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        <balance>88571.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="8.806550"/>
        <valUSD>2372540.77</valUSD>
        <pctVal>0.5722249555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lundin Energy Ab</name>
        <lei>549300IULC8F8IGXKI15</lei>
        <title>LUNDIN ENERGY AB /SEK/</title>
        <cusip>W64566107</cusip>
        <identifiers>
          <isin value="SE0000825820"/>
          <ticker value="LNDNF"/>
          <other otherDesc="SEDOL" value="7187627"/>
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        <balance>48382.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>1737451.47</valUSD>
        <pctVal>0.4190499496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP PARIBAS /EUR/</title>
        <cusip>F1058Q238</cusip>
        <identifiers>
          <isin value="FR0000131104"/>
          <ticker value="BNPQF"/>
          <other otherDesc="SEDOL" value="7309681"/>
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        <balance>14064.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>973040.97</valUSD>
        <pctVal>0.2346844079</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>Compagnie de Saint-Gobain</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
        <title>COMPAGNIE DE SAINT GOBAI /EUR/</title>
        <cusip>F80343100</cusip>
        <identifiers>
          <isin value="FR0000125007"/>
          <ticker value="CODGF"/>
          <other otherDesc="SEDOL" value="7380482"/>
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        <balance>20082.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1414555.89</valUSD>
        <pctVal>0.3411718742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OMV AG</name>
        <lei>549300V62YJ9HTLRI486</lei>
        <title>OMV AG /EUR/</title>
        <cusip>A51460110</cusip>
        <identifiers>
          <isin value="AT0000743059"/>
          <ticker value="OMVJF"/>
          <other otherDesc="SEDOL" value="4651459"/>
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        <balance>37357.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>2124420.66</valUSD>
        <pctVal>0.5123817188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Power Corporation of Canada</name>
        <lei>549300BE2CB8T87IJV50</lei>
        <title>POWER CORP OF CANADA /CAD/</title>
        <cusip>739239101</cusip>
        <identifiers>
          <isin value="CA7392391016"/>
          <ticker value="PWCDF"/>
          <other otherDesc="SEDOL" value="2697701"/>
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        <balance>68550.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>2265219.97</valUSD>
        <pctVal>0.5463406205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Telecom Italia S.p.A.</name>
        <lei>549300W384M3RI3VXU42</lei>
        <title>TELECOM ITALIA SPA /EUR/</title>
        <cusip>T92778108</cusip>
        <identifiers>
          <isin value="IT0003497168"/>
          <ticker value="TIAOF"/>
          <other otherDesc="SEDOL" value="7634394"/>
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        <balance>5743313.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>2839130.37</valUSD>
        <pctVal>0.6847600977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Voestalpine AG</name>
        <lei>529900ZAXBMQDIWPNB72</lei>
        <title>VOESTALPINE AG /EUR/</title>
        <cusip>A9101Y103</cusip>
        <identifiers>
          <isin value="AT0000937503"/>
          <ticker value="VLPNF"/>
          <other otherDesc="SEDOL" value="4943402"/>
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        <balance>12168.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>443304.57</valUSD>
        <pctVal>0.1069191059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Fortescue Metals Group Ltd</name>
        <lei>529900VEJFORCO6I4826</lei>
        <title>FORTESCUE METALS GROUP L /AUD/</title>
        <cusip>Q39360104</cusip>
        <identifiers>
          <isin value="AU000000FMG4"/>
          <ticker value="FSUMF"/>
          <other otherDesc="SEDOL" value="6086253"/>
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        <balance>209055.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>2921801.79</valUSD>
        <pctVal>0.7046993334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Harvey Norman Hldg</name>
        <lei>529900ONRWOF42PYKU59</lei>
        <title>HARVEY NORMAN HOLDINGS L /AUD/</title>
        <cusip>Q4525E117</cusip>
        <identifiers>
          <isin value="AU000000HVN7"/>
          <ticker value="HNORF"/>
          <other otherDesc="SEDOL" value="6173508"/>
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        <balance>497409.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>1787736.12</valUSD>
        <pctVal>0.4311779315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RIO Tinto Limited</name>
        <lei>529900X2VMAQT2PE0V24</lei>
        <title>RIO TINTO LTD /AUD/</title>
        <cusip>Q81437107</cusip>
        <identifiers>
          <isin value="AU000000RIO1"/>
          <ticker value="RTNTF"/>
          <other otherDesc="SEDOL" value="6220103"/>
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        <balance>24975.0000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>1819054.81</valUSD>
        <pctVal>0.4387315787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GPT Group</name>
        <lei>549300N0X6IGFL5O5R09</lei>
        <title>GPT GROUP /AUD/</title>
        <cusip>Q4252X155</cusip>
        <identifiers>
          <isin value="AU000000GPT8"/>
          <ticker value="GPTGF"/>
          <other otherDesc="SEDOL" value="6365866"/>
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        <balance>370113.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>1459474.30</valUSD>
        <pctVal>0.3520055912</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>
        <name>IGO Limited</name>
        <lei>2549005DZO8VGXM5QN07</lei>
        <title>IGO LTD /AUD/</title>
        <cusip>Q48886107</cusip>
        <identifiers>
          <isin value="AU000000IGO4"/>
          <ticker value="IPGDF"/>
          <other otherDesc="SEDOL" value="6439567"/>
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        <balance>70438.0000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>587804.98</valUSD>
        <pctVal>0.1417706632</pctVal>
        <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>
        <name>Getinge AB</name>
        <lei>5493003PZ4F570G3W735</lei>
        <title>GETINGE AB-B SHS /SEK/</title>
        <cusip>W3443C107</cusip>
        <identifiers>
          <isin value="SE0000202624"/>
          <ticker value="GNGBF"/>
          <other otherDesc="SEDOL" value="7698356"/>
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        <balance>11300.0000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>494082.69</valUSD>
        <pctVal>0.1191661062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Yara International ASA</name>
        <lei>213800WKOUWXWFJ5Z514</lei>
        <title>YARA INTERNATIONAL ASA /NOK/</title>
        <cusip>R9900C106</cusip>
        <identifiers>
          <isin value="NO0010208051"/>
          <ticker value="YRAIF"/>
          <other otherDesc="SEDOL" value="7751259"/>
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        <balance>18163.0000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="8.806550"/>
        <valUSD>917786.76</valUSD>
        <pctVal>0.2213578348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BlueScope Steel (Finance) Limited / BlueScope Steel Finance (USA) LLC</name>
        <lei>529900H6UQI16XACWC95</lei>
        <title>BLUESCOPE STEEL LTD/AUD/</title>
        <cusip>Q1415L177</cusip>
        <identifiers>
          <isin value="AU000000BSL0"/>
          <ticker value="BLSFF"/>
          <other otherDesc="SEDOL" value="6533232"/>
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        <balance>122047.0000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>1855821.58</valUSD>
        <pctVal>0.4475992296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Newcrest Mining</name>
        <lei>5299006MN50OZJUJI655</lei>
        <title>NEWCREST MINING LTD /AUD/</title>
        <cusip>Q6651B114</cusip>
        <identifiers>
          <isin value="AU000000NCM7"/>
          <ticker value="NCMGF"/>
          <other otherDesc="SEDOL" value="6637101"/>
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        <balance>82883.0000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>1476181.31</valUSD>
        <pctVal>0.3560350975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>QBE Insurance Group Limited</name>
        <lei>549300D2FBW76FPUSG65</lei>
        <title>QBE INSURANCE GROUP LTD /AUD/</title>
        <cusip>Q78063114</cusip>
        <identifiers>
          <isin value="AU000000QBE9"/>
          <ticker value="QBEIF"/>
          <other otherDesc="SEDOL" value="6715740"/>
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        <balance>107288.0000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>885951.28</valUSD>
        <pctVal>0.2136795448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nthn Star Res Ltd</name>
        <lei>254900XFXCRYYZAX6M78</lei>
        <title>NORTHERN STAR RESOURCES  /AUD/</title>
        <cusip>Q6951U101</cusip>
        <identifiers>
          <isin value="AU000000NST8"/>
          <ticker value="NESRF"/>
          <other otherDesc="SEDOL" value="6717456"/>
        </identifiers>
        <balance>367936.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>2518980.08</valUSD>
        <pctVal>0.6075441494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TFI International Inc</name>
        <lei>5493007R9W7KO7SJN678</lei>
        <title>TFI INTERNATIONAL INC /CAD/</title>
        <cusip>87241L109</cusip>
        <identifiers>
          <isin value="CA87241L1094"/>
          <ticker value="TFII"/>
          <other otherDesc="SEDOL" value="BDRXBF4"/>
        </identifiers>
        <balance>22086.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>2477047.17</valUSD>
        <pctVal>0.5974304950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="649542.130000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thomson Reuters Corp.</name>
        <lei>549300561UZND4C7B569</lei>
        <title>THOMSON REUTERS CORP /CAD/</title>
        <cusip>884903709</cusip>
        <identifiers>
          <isin value="CA8849037095"/>
          <ticker value="TRI"/>
          <other otherDesc="SEDOL" value="BFXPTB0"/>
        </identifiers>
        <balance>4087.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>488746.98</valUSD>
        <pctVal>0.1178792046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dexus</name>
        <lei>N/A</lei>
        <title>DEXUS/AU /AUD/</title>
        <cusip>Q3190P134</cusip>
        <identifiers>
          <isin value="AU000000DXS1"/>
          <ticker value="DEXSF"/>
          <other otherDesc="SEDOL" value="B033YN6"/>
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        <balance>115832.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>937122.08</valUSD>
        <pctVal>0.2260212542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dominos Pizza Ent</name>
        <lei>54930034RFI409JZ3179</lei>
        <title>DOMINOS PIZZA ENTERPRISES /AUD</title>
        <cusip>Q32503106</cusip>
        <identifiers>
          <isin value="AU000000DMP0"/>
          <ticker value="DPZUF"/>
          <other otherDesc="SEDOL" value="B07SFG7"/>
        </identifiers>
        <balance>15592.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>1338927.49</valUSD>
        <pctVal>0.3229313203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mineral Resources Ltd</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>MINERAL RESOURCES LTD /AUD/</title>
        <cusip>Q60976109</cusip>
        <identifiers>
          <isin value="AU000000MIN4"/>
          <ticker value="MALRF"/>
          <other otherDesc="SEDOL" value="B17ZL56"/>
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        <balance>41876.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>1706145.42</valUSD>
        <pctVal>0.4114993510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pilbara Minerals Limited</name>
        <lei>5299000VV1CZVF5K9C16</lei>
        <title>PILBARA MINERALS LTD /AUD/</title>
        <cusip>Q7539C100</cusip>
        <identifiers>
          <isin value="AU000000PLS0"/>
          <ticker value="PILBF"/>
          <other otherDesc="SEDOL" value="B2368L5"/>
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        <balance>1525589.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>3551815.14</valUSD>
        <pctVal>0.8566500884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tourmaline Oil Cp</name>
        <lei>549300EWGW5PUCV5A109</lei>
        <title>TOURMALINE OIL CORP /CAD/</title>
        <cusip>89156V106</cusip>
        <identifiers>
          <isin value="CA89156V1067"/>
          <ticker value="TRMLF"/>
          <other otherDesc="SEDOL" value="B3QJ0H8"/>
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        <balance>64677.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>2088152.64</valUSD>
        <pctVal>0.5036343596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>West Fraser Timber Co. Ltd.</name>
        <lei>5493005WD1ZK6WBVR988</lei>
        <title>WEST FRASER TIMBER CO LT /CAD/</title>
        <cusip>952845105</cusip>
        <identifiers>
          <isin value="CA9528451052"/>
          <ticker value="WFG"/>
          <other otherDesc="SEDOL" value="2951098"/>
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        <balance>26828.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>2559471.16</valUSD>
        <pctVal>0.6173100539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aurizon Holdings Ltd</name>
        <lei>5299005PC1O6NOWL3H48</lei>
        <title>AURIZON HOLDINGS LTD /AUD/</title>
        <cusip>Q0695Q104</cusip>
        <identifiers>
          <isin value="AU000000AZJ1"/>
          <ticker value="QRNNF"/>
          <other otherDesc="SEDOL" value="B87CVM3"/>
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        <balance>495112.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>1257163.33</valUSD>
        <pctVal>0.3032109035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Medibank Private Limited</name>
        <lei>BDYVSUPTML83OLINBJ17</lei>
        <title>MEDIBANK PRIVATE LTD /AUD/</title>
        <cusip>Q5921Q109</cusip>
        <identifiers>
          <isin value="AU000000MPL3"/>
          <ticker value="MDBPF"/>
          <other otherDesc="SEDOL" value="BRTNNQ5"/>
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        <balance>174232.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>424654.33</valUSD>
        <pctVal>0.1024209186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wisetech Global Limited</name>
        <lei>254900VE3AF301Q85K83</lei>
        <title>WISETECH GLOBAL LTD /AUD/</title>
        <cusip>Q98056106</cusip>
        <identifiers>
          <isin value="AU000000WTC3"/>
          <ticker value="WTCHF"/>
          <other otherDesc="SEDOL" value="BZ8GX83"/>
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        <balance>34976.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.374476"/>
        <valUSD>1490672.82</valUSD>
        <pctVal>0.3595302550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>George Weston Limited</name>
        <lei>549300GEHU6LUSPS7Q65</lei>
        <title>WESTON (GEORGE) LTD /CAD/</title>
        <cusip>961148509</cusip>
        <identifiers>
          <isin value="CA9611485090"/>
          <ticker value="WNGRF"/>
          <other otherDesc="SEDOL" value="2956662"/>
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        <balance>20949.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>2428855.16</valUSD>
        <pctVal>0.5858072297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Proximus S.A</name>
        <lei>549300CWRXC5EP004533</lei>
        <title>PROXIMUS /EUR/</title>
        <cusip>B6951K109</cusip>
        <identifiers>
          <isin value="BE0003810273"/>
          <ticker value="BGAOF"/>
          <other otherDesc="SEDOL" value="B00D9P6"/>
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        <balance>45491.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>887706.36</valUSD>
        <pctVal>0.2141028465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nordic Semiconduct</name>
        <lei>5967007LIEEXZXJGFK95</lei>
        <title>NORDIC SEMICONDUCTOR ASA /NOK/</title>
        <cusip>R4988P103</cusip>
        <identifiers>
          <isin value="NO0003055501"/>
          <ticker value="NDCVF"/>
          <other otherDesc="SEDOL" value="B00ZG06"/>
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        <balance>75097.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="8.806550"/>
        <valUSD>2537755.10</valUSD>
        <pctVal>0.6120724320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Techtronic Industries Co. Ltd.</name>
        <lei>549300HZW2SBE758OK89</lei>
        <title>TECHTRONIC INDUSTRIES CO /HKD/</title>
        <cusip>Y8563B159</cusip>
        <identifiers>
          <isin value="HK0669013440"/>
          <ticker value="TTNDF"/>
          <other otherDesc="SEDOL" value="B0190C7"/>
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        <balance>67833.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.797550"/>
        <valUSD>1350126.85</valUSD>
        <pctVal>0.3256324555</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>
        <name>LG Display Co Ltd</name>
        <lei>988400P37K91W0SABO95</lei>
        <title>LG DISPLAY CO LTD /KRW/</title>
        <cusip>Y5255T100</cusip>
        <identifiers>
          <isin value="KR7034220004"/>
          <ticker value="A034220"/>
          <other otherDesc="SEDOL" value="B01VZN9"/>
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        <balance>112921.0000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>2336787.89</valUSD>
        <pctVal>0.5636018412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kinross Gold Corporation</name>
        <lei>549300UEBMAQDN0K0R06</lei>
        <title>KINROSS GOLD CORP /CAD/</title>
        <cusip>496902404</cusip>
        <identifiers>
          <isin value="CA4969024047"/>
          <ticker value="KGC"/>
          <other otherDesc="SEDOL" value="B03Z841"/>
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        <balance>421497.0000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>2445778.87</valUSD>
        <pctVal>0.5898890011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Xinyi Glass Hldgs</name>
        <lei>52990082YXVVZFK1QJ17</lei>
        <title>XINYI GLASS HOLDINGS LIMITED /HKD/</title>
        <cusip>G9828G108</cusip>
        <identifiers>
          <isin value="KYG9828G1082"/>
          <ticker value="XYIGF"/>
          <other otherDesc="SEDOL" value="B05NXN7"/>
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        <balance>150666.0000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.797550"/>
        <valUSD>376783.35</valUSD>
        <pctVal>0.0908750814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Olam International Limited</name>
        <lei>33D7DTWH8BNIUWE0IF81</lei>
        <title>OLAM INTERNATIONAL LTD /SGD/</title>
        <cusip>Y6421B106</cusip>
        <identifiers>
          <isin value="SG1Q75923504"/>
          <ticker value="OLMIF"/>
          <other otherDesc="SEDOL" value="B05Q3L4"/>
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        <balance>697000.0000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.347600"/>
        <valUSD>905127.63</valUSD>
        <pctVal>0.2183046228</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>
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      <invstOrSec>
        <name>Raiffeisen Bank International AG</name>
        <lei>9ZHRYM6F437SQJ6OUG95</lei>
        <title>RAIFFEISEN BANK INTERNAT /EUR/</title>
        <cusip>A7111G104</cusip>
        <identifiers>
          <isin value="AT0000606306"/>
          <ticker value="RAIFF"/>
          <other otherDesc="SEDOL" value="B0704T9"/>
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        <balance>17652.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>520105.23</valUSD>
        <pctVal>0.1254423932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Leonardo Spa</name>
        <lei>529900X4EEX1U9LN3U39</lei>
        <title>LEONARDO SPA /EUR/</title>
        <cusip>T4502J151</cusip>
        <identifiers>
          <isin value="IT0003856405"/>
          <ticker value="FINMF"/>
          <other otherDesc="SEDOL" value="B0DJNG0"/>
        </identifiers>
        <balance>54801.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>393062.91</valUSD>
        <pctVal>0.0948014926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Chemical Holdings Corporation</name>
        <lei>353800YNKX4RQUGAR072</lei>
        <title>MITSUBISHI CHEMICAL HOLD /JPY/</title>
        <cusip>J44046100</cusip>
        <identifiers>
          <isin value="JP3897700005"/>
          <ticker value="MTLHF"/>
          <other otherDesc="SEDOL" value="B0JQTJ0"/>
        </identifiers>
        <balance>197000.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1459132.40</valUSD>
        <pctVal>0.3519231295</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>Electricite de France SA</name>
        <lei>549300X3UK4GG3FNMO06</lei>
        <title>EDF /EUR/</title>
        <cusip>F2940H113</cusip>
        <identifiers>
          <isin value="FR0010242511"/>
          <ticker value="ECIFF"/>
          <other otherDesc="SEDOL" value="B0NJJ17"/>
        </identifiers>
        <balance>71599.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>842054.71</valUSD>
        <pctVal>0.2030922819</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>Hana Financial Group Inc</name>
        <lei>N/A</lei>
        <title>HANA FINANCIAL GROUP /KRW/</title>
        <cusip>Y29975102</cusip>
        <identifiers>
          <isin value="KR7086790003"/>
          <ticker value="HNFGF"/>
          <other otherDesc="SEDOL" value="B0RNRF5"/>
        </identifiers>
        <balance>11530.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>407854.05</valUSD>
        <pctVal>0.0983689168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Glovis Co., Ltd</name>
        <lei>988400U6RDXNJ5ZRN304</lei>
        <title>HYUNDAI GLOVIS CO LTD /KRW/</title>
        <cusip>Y27294100</cusip>
        <identifiers>
          <isin value="KR7086280005"/>
          <ticker value="A086280"/>
          <other otherDesc="SEDOL" value="B0V3XR5"/>
        </identifiers>
        <balance>9639.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1362230.91</valUSD>
        <pctVal>0.3285517921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nine Dragon Paper Holdings Limited</name>
        <lei>529900TBMYEYJ2LEV906</lei>
        <title>NINE DRAGONS PAPER HOLDI /HKD/</title>
        <cusip>G65318100</cusip>
        <identifiers>
          <isin value="BMG653181005"/>
          <ticker value="NDGPF"/>
          <other otherDesc="SEDOL" value="B0WC2B8"/>
        </identifiers>
        <balance>1833369.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.797550"/>
        <valUSD>1967964.11</valUSD>
        <pctVal>0.4746465011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Castellum Ab</name>
        <lei>549300GU5OHTR1T5IY68</lei>
        <title>CASTELLUM AB /SEK/</title>
        <cusip>W2084X107</cusip>
        <identifiers>
          <isin value="SE0000379190"/>
          <ticker value="CWQXF"/>
          <other otherDesc="SEDOL" value="B0XP0T0"/>
        </identifiers>
        <balance>73712.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>1988776.88</valUSD>
        <pctVal>0.4796662616</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1411471.560000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arkema SA</name>
        <lei>9695000EHMS84KKP2785</lei>
        <title>ARKEMA /EUR/</title>
        <cusip>F0392W125</cusip>
        <identifiers>
          <isin value="FR0010313833"/>
          <ticker value="ARKAF"/>
          <other otherDesc="SEDOL" value="B0Z5YZ2"/>
        </identifiers>
        <balance>10214.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1440206.93</valUSD>
        <pctVal>0.3473585604</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>Inpex Corporation</name>
        <lei>353800VHYYADPR6MXQ47</lei>
        <title>INPEX CORPORATION /JPY/</title>
        <cusip>J2467E101</cusip>
        <identifiers>
          <isin value="JP3294460005"/>
          <ticker value="IPXHF"/>
          <other otherDesc="SEDOL" value="B10RB15"/>
        </identifiers>
        <balance>115100.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1002609.75</valUSD>
        <pctVal>0.2418160003</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>Norsk Hydro ASA</name>
        <lei>549300N1SDN71ZZ8BO45</lei>
        <title>NORSK HYDRO ASA /NOK/</title>
        <cusip>R61115102</cusip>
        <identifiers>
          <isin value="NO0005052605"/>
          <ticker value="NHYKF"/>
          <other otherDesc="SEDOL" value="B11HK39"/>
        </identifiers>
        <balance>180590.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="8.806550"/>
        <valUSD>1425599.90</valUSD>
        <pctVal>0.3438355410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wacker Chemie Ag</name>
        <lei>0NURKC5Q3CJYZPPK5046</lei>
        <title>WACKER CHEMIE AG /EUR/</title>
        <cusip>D9540Z106</cusip>
        <identifiers>
          <isin value="DE000WCH8881"/>
          <ticker value="WKCMF"/>
          <other otherDesc="SEDOL" value="B11Y568"/>
        </identifiers>
        <balance>4831.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>723812.30</valUSD>
        <pctVal>0.1745738014</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>Shimao Group Holdings Ltd</name>
        <lei>254900WTJ6B5CU69ZD26</lei>
        <title>SHIMAO GROUP HOLDINGS LT /HKD/</title>
        <cusip>G81043104</cusip>
        <identifiers>
          <isin value="KYG810431042"/>
          <ticker value="SIOPF"/>
          <other otherDesc="SEDOL" value="B16YNS1"/>
        </identifiers>
        <balance>739891.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.797550"/>
        <valUSD>483926.89</valUSD>
        <pctVal>0.1167166637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SSAB Swedish Steel AB</name>
        <lei>529900329VS14ZIML164</lei>
        <title>SSAB AB - B SHARES /SEK/</title>
        <cusip>W8615U108</cusip>
        <identifiers>
          <isin value="SE0000120669"/>
          <ticker value="SSAB B"/>
          <other otherDesc="SEDOL" value="B17H3F6"/>
        </identifiers>
        <balance>419730.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>2118576.98</valUSD>
        <pctVal>0.5109723017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Idemitsu Kosan Co.,Ltd.</name>
        <lei>549300P0R46FF6DUA630</lei>
        <title>IDEMITSU KOSAN CO LTD /JPY/</title>
        <cusip>J2388K103</cusip>
        <identifiers>
          <isin value="JP3142500002"/>
          <ticker value="IDKOF"/>
          <other otherDesc="SEDOL" value="B1FF8P7"/>
        </identifiers>
        <balance>85600.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>2185579.41</valUSD>
        <pctVal>0.5271323875</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>Industrivarden AB</name>
        <lei>549300TM1DLIQI3B3T37</lei>
        <title>INDUSTRIVARDEN AB-C SHS /SEK/</title>
        <cusip>W45430126</cusip>
        <identifiers>
          <isin value="SE0000107203"/>
          <ticker value="IDDTF"/>
          <other otherDesc="SEDOL" value="B1VSK54"/>
        </identifiers>
        <balance>72662.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>2284508.33</valUSD>
        <pctVal>0.5509927138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dsv A/S</name>
        <lei>529900X41C0BSLK67H70</lei>
        <title>DSV DKK1 /DKK/</title>
        <cusip>K3013J154</cusip>
        <identifiers>
          <isin value="DK0060079531"/>
          <ticker value="DSDVF"/>
          <other otherDesc="SEDOL" value="B1WT5G2"/>
        </identifiers>
        <balance>1882.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.532050"/>
        <valUSD>440099.97</valUSD>
        <pctVal>0.1061461994</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>Banco de Sabadell SA</name>
        <lei>SI5RG2M0WQQLZCXKRM20</lei>
        <title>BANCO DE SABADELL SA /EUR/</title>
        <cusip>E15819191</cusip>
        <identifiers>
          <isin value="ES0113860A34"/>
          <ticker value="BNDSF"/>
          <other otherDesc="SEDOL" value="B1X8QN2"/>
        </identifiers>
        <balance>2686439.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1810026.68</valUSD>
        <pctVal>0.4365541151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jeronimo Martins - S.G.P.S., S.A.</name>
        <lei>259400A8SZP10GB5IB19</lei>
        <title>JERONIMO MARTINS /EUR/</title>
        <cusip>X40338109</cusip>
        <identifiers>
          <isin value="PTJMT0AE0001"/>
          <ticker value="JRONF"/>
          <other otherDesc="SEDOL" value="B1Y1SQ7"/>
        </identifiers>
        <balance>22653.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>518387.85</valUSD>
        <pctVal>0.1250281842</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Caixabank S.A.</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
        <title>CAIXABANK SA /EUR/</title>
        <cusip>E2427M123</cusip>
        <identifiers>
          <isin value="ES0140609019"/>
          <ticker value="CIXPF"/>
          <other otherDesc="SEDOL" value="B283W97"/>
        </identifiers>
        <balance>145252.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>399201.74</valUSD>
        <pctVal>0.0962820959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Persol Holdings Co Ltd</name>
        <lei>3538000H6OI725NB2008</lei>
        <title>PERSOL HOLDINGS CO LTD /JPY/</title>
        <cusip>J8298W103</cusip>
        <identifiers>
          <isin value="JP3547670004"/>
          <ticker value="TEMPF"/>
          <other otherDesc="SEDOL" value="B3CY709"/>
        </identifiers>
        <balance>71800.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>2084777.88</valUSD>
        <pctVal>0.5028204129</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>Glencore PLC</name>
        <lei>2138002658CPO9NBH955</lei>
        <title>GLENCORE PLC /GBP/</title>
        <cusip>G39420107</cusip>
        <identifiers>
          <isin value="JE00B4T3BW64"/>
          <ticker value="GLCNF"/>
          <other otherDesc="SEDOL" value="B4T3BW6"/>
        </identifiers>
        <balance>285713.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>1450032.20</valUSD>
        <pctVal>0.3497282835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cenovus Energy Inc</name>
        <lei>549300EIRQ0Z2B9C1W06</lei>
        <title>CENOVUS ENERGY INC /CAD/</title>
        <cusip>15135U109</cusip>
        <identifiers>
          <isin value="CA15135U1093"/>
          <ticker value="CVE"/>
          <other otherDesc="SEDOL" value="B57FG04"/>
        </identifiers>
        <balance>179293.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>2198374.98</valUSD>
        <pctVal>0.5302185071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aperam SA</name>
        <lei>5493001136GE6L4R7M63</lei>
        <title>APERAM /EUR/</title>
        <cusip>L0187K107</cusip>
        <identifiers>
          <isin value="LU0569974404"/>
          <ticker value="APMSF"/>
          <other otherDesc="SEDOL" value="B58C6H1"/>
        </identifiers>
        <balance>32570.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1766536.21</valUSD>
        <pctVal>0.4260647981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Entain Plc</name>
        <lei>213800GNI3K45LQR8L28</lei>
        <title>ENTAIN PLC /GBP/</title>
        <cusip>G427A6103</cusip>
        <identifiers>
          <isin value="IM00B5VQMV65"/>
          <ticker value="GMVHF"/>
          <other otherDesc="SEDOL" value="B5VQMV6"/>
        </identifiers>
        <balance>62929.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>1433538.08</valUSD>
        <pctVal>0.3457501234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dai-Ichi Life Holdings Inc</name>
        <lei>549300ZUFXI7JXZVTZ25</lei>
        <title>DAI-ICHI LIFE HOLDINGS I /JPY/</title>
        <cusip>J09748104</cusip>
        <identifiers>
          <isin value="JP3476480003"/>
          <ticker value="DCNSF"/>
          <other otherDesc="SEDOL" value="B601QS4"/>
        </identifiers>
        <balance>101900.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>2060057.81</valUSD>
        <pctVal>0.4968582641</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>Eneos Holdings Inc</name>
        <lei>3538001KQ5SAOZSQTT44</lei>
        <title>ENEOS HOLDINGS INC /JPY/</title>
        <cusip>J29699105</cusip>
        <identifiers>
          <isin value="JP3386450005"/>
          <ticker value="JXHGF"/>
          <other otherDesc="SEDOL" value="B627LW9"/>
        </identifiers>
        <balance>331700.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1240811.18</valUSD>
        <pctVal>0.2992669847</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>Sompo Holdings Inc</name>
        <lei>353800CWW4SRGEYEB512</lei>
        <title>SOMPO HOLDINGS INC /JPY/</title>
        <cusip>J58699109</cusip>
        <identifiers>
          <isin value="JP3165000005"/>
          <ticker value="NHOLF"/>
          <other otherDesc="SEDOL" value="B62G7K6"/>
        </identifiers>
        <balance>31000.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1309475.79</valUSD>
        <pctVal>0.3158279660</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ARC Resources</name>
        <lei>FIR47I6FEYKYNJBYW622</lei>
        <title>ARC RESOURCES LTD /CAD/</title>
        <cusip>00208D408</cusip>
        <identifiers>
          <isin value="CA00208D4084"/>
          <ticker value="AETUF"/>
          <other otherDesc="SEDOL" value="B6463M8"/>
        </identifiers>
        <balance>144665.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>1315188.35</valUSD>
        <pctVal>0.3172057587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Polymetal Intl Plc</name>
        <lei>213800JKJ5HJWYS4GR61</lei>
        <title>POLYMETAL INTERNATIONAL  /GBP/</title>
        <cusip>G7179S101</cusip>
        <identifiers>
          <isin value="JE00B6T5S470"/>
          <ticker value="POYYF"/>
          <other otherDesc="SEDOL" value="B6T5S47"/>
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        <balance>26637.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>472854.91</valUSD>
        <pctVal>0.1140462509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hankook Tire &amp; Technology Co Ltd</name>
        <lei>9884001BIEVM09M7AH02</lei>
        <title>HANKOOK TIRE &amp; TECHNOLOG /KRW/</title>
        <cusip>Y3R57J108</cusip>
        <identifiers>
          <isin value="KR7161390000"/>
          <ticker value="A161390"/>
          <other otherDesc="SEDOL" value="B7T5KQ0"/>
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        <balance>49476.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>1652321.51</valUSD>
        <pctVal>0.3985177471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hugo Boss Ag</name>
        <lei>529900LFVU534EBRXD13</lei>
        <title>HUGO BOSS AG  -ORD /EUR/</title>
        <cusip>D34902102</cusip>
        <identifiers>
          <isin value="DE000A1PHFF7"/>
          <ticker value="HUGPF"/>
          <other otherDesc="SEDOL" value="B88MHC4"/>
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        <balance>14971.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>911879.86</valUSD>
        <pctVal>0.2199331699</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>WPP PLC</name>
        <lei>549300LSGBXPYHXGDT93</lei>
        <title>WPP PLC /GBP/</title>
        <cusip>G9788D103</cusip>
        <identifiers>
          <isin value="JE00B8KF9B49"/>
          <ticker value="WPPGF"/>
          <other otherDesc="SEDOL" value="B8KF9B4"/>
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        <balance>33493.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>507519.16</valUSD>
        <pctVal>0.1224068022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASML Holding N.V.</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML HOLDING NV /EUR/</title>
        <cusip>N07059202</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
          <ticker value="ASMLF"/>
          <other otherDesc="SEDOL" value="B929F46"/>
        </identifiers>
        <balance>603.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>485160.50</valUSD>
        <pctVal>0.1170141938</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>LEG Immobilien SE</name>
        <lei>391200SO40AKONBO0Z96</lei>
        <title>LEG IMMOBILIEN SE /EUR/</title>
        <cusip>D4960A103</cusip>
        <identifiers>
          <isin value="DE000LEG1110"/>
          <ticker value="LEGIF"/>
          <other otherDesc="SEDOL" value="B9G6L89"/>
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        <balance>15952.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>2228397.87</valUSD>
        <pctVal>0.5374596247</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>
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      <invstOrSec>
        <name>Vonovia SE</name>
        <lei>5299005A2ZEP6AP7KM81</lei>
        <title>VONOVIA SE /EUR/</title>
        <cusip>D9581T100</cusip>
        <identifiers>
          <isin value="DE000A1ML7J1"/>
          <ticker value="VNNVF"/>
          <other otherDesc="SEDOL" value="BBJPFY1"/>
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        <balance>22535.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1244320.72</valUSD>
        <pctVal>0.3001134385</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>
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      <invstOrSec>
        <name>Koninklijke Ahold Delhaize NV</name>
        <lei>724500C9GNBV20UYRX36</lei>
        <title>KONINKLIJKE AHOLD DELHAI /EUR/</title>
        <cusip>N0139V308</cusip>
        <identifiers>
          <isin value="NL0011794037"/>
          <ticker value="AHODF"/>
          <other otherDesc="SEDOL" value="BD0Q398"/>
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        <balance>13567.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>465466.10</valUSD>
        <pctVal>0.1122641692</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>
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      <invstOrSec>
        <name>Bank Of Ireland Group Plc</name>
        <lei>635400C8EK6DRI12LJ39</lei>
        <title>BANK OF IRELAND GROUP PL /EUR/</title>
        <cusip>G0756R109</cusip>
        <identifiers>
          <isin value="IE00BD1RP616"/>
          <ticker value="BKRIF"/>
          <other otherDesc="SEDOL" value="BD1RP61"/>
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        <balance>381613.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>2166249.46</valUSD>
        <pctVal>0.5224702633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Open house Co Ltd</name>
        <lei>529900WQOGPBIJEHW865</lei>
        <title>OPEN HOUSE CO LTD /JPY/</title>
        <cusip>J3072G101</cusip>
        <identifiers>
          <isin value="JP3173540000"/>
          <ticker value="OPPPF"/>
          <other otherDesc="SEDOL" value="BD3D170"/>
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        <balance>38100.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1993932.02</valUSD>
        <pctVal>0.4809096121</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>
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      <invstOrSec>
        <name>OCI Nv</name>
        <lei>549300NCMRGIBJYUOE57</lei>
        <title>OCI NV /EUR/</title>
        <cusip>N6667A111</cusip>
        <identifiers>
          <isin value="NL0010558797"/>
          <ticker value="OCINF"/>
          <other otherDesc="SEDOL" value="BD4TZK8"/>
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        <balance>76382.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>2001840.06</valUSD>
        <pctVal>0.4828169251</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Samhallsbyggnadsbolaget I Norden Ab</name>
        <lei>549300HX9MRFY47AH564</lei>
        <title>SAMHALLSBYGGNADSBOLAGET  /SEK/</title>
        <cusip>W2R93A131</cusip>
        <identifiers>
          <isin value="SE0009554454"/>
          <ticker value="SBB B"/>
          <other otherDesc="SEDOL" value="BD7Y737"/>
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        <balance>407674.0000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>2996581.20</valUSD>
        <pctVal>0.7227351224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Rakus Co Ltd</name>
        <lei>N/A</lei>
        <title>RAKUS CO LTD /JPY/</title>
        <cusip>J6S879103</cusip>
        <identifiers>
          <isin value="JP3967170006"/>
          <ticker value="3923"/>
          <other otherDesc="SEDOL" value="BD87BM2"/>
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        <balance>51000.0000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1374424.06</valUSD>
        <pctVal>0.3314926160</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>
      <invstOrSec>
        <name>ASR Nederland N.V.</name>
        <lei>7245000G0HS48PZWUD53</lei>
        <title>ASR NEDERLAND NV /EUR/</title>
        <cusip>N0709G103</cusip>
        <identifiers>
          <isin value="NL0011872643"/>
          <ticker value="ASRRF"/>
          <other otherDesc="SEDOL" value="BD9PNF2"/>
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        <balance>39459.0000</balance>
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        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1819424.88</valUSD>
        <pctVal>0.4388208346</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Nutrien Ltd</name>
        <lei>5493002QQ7GD21OWF963</lei>
        <title>NUTRIEN LTD /CAD/</title>
        <cusip>67077M108</cusip>
        <identifiers>
          <isin value="CA67077M1086"/>
          <ticker value="NTR"/>
          <other otherDesc="SEDOL" value="BDRJLN0"/>
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        <balance>20888.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.264950"/>
        <valUSD>1570047.07</valUSD>
        <pctVal>0.3786742576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Umicore S.A.</name>
        <lei>529900F3AIQECS8ZSV61</lei>
        <title>UMICORE /EUR/</title>
        <cusip>B95505184</cusip>
        <identifiers>
          <isin value="BE0974320526"/>
          <ticker value="UMICF"/>
          <other otherDesc="SEDOL" value="BF44466"/>
        </identifiers>
        <balance>7608.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>309656.06</valUSD>
        <pctVal>0.0746848810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IIDA Group Holdings Co Ltd</name>
        <lei>35380051BV8PV1I4S949</lei>
        <title>IIDA GROUP HOLDINGS CO L /JPY/</title>
        <cusip>J23426109</cusip>
        <identifiers>
          <isin value="JP3131090007"/>
          <ticker value="ANTOF"/>
          <other otherDesc="SEDOL" value="BFDTBS3"/>
        </identifiers>
        <balance>52500.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1221333.57</valUSD>
        <pctVal>0.2945692468</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>
      <invstOrSec>
        <name>Kojamo Oyj</name>
        <lei>7437007YPUOQZ8OV1R42</lei>
        <title>KOJAMO OYJ /EUR/</title>
        <cusip>X4543E117</cusip>
        <identifiers>
          <isin value="FI4000312251"/>
          <ticker value="KOJAF"/>
          <other otherDesc="SEDOL" value="BFYR8L8"/>
        </identifiers>
        <balance>87070.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>2105504.09</valUSD>
        <pctVal>0.5078192962</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>Dermapharm Holding Se</name>
        <lei>5299009F0KNZINQQQK37</lei>
        <title>DERMAPHARM HOLDING SE /EUR/</title>
        <cusip>D1T0ZJ103</cusip>
        <identifiers>
          <isin value="DE000A2GS5D8"/>
          <ticker value="DMP"/>
          <other otherDesc="SEDOL" value="BFYTTC2"/>
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        <balance>14023.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1425691.05</valUSD>
        <pctVal>0.3438575252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Woori Financial Group Inc</name>
        <lei>N/A</lei>
        <title>WOORI FINANCIAL GROUP IN /KRW/</title>
        <cusip>Y972JZ105</cusip>
        <identifiers>
          <isin value="KR7316140003"/>
          <ticker value="A316140"/>
          <other otherDesc="SEDOL" value="BGHWH98"/>
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        <balance>45920.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>490585.91</valUSD>
        <pctVal>0.1183227298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ecopro bm Co.,Ltd</name>
        <lei>N/A</lei>
        <title>ECOPRO BM CO LTD /KRW/</title>
        <cusip>Y2243T102</cusip>
        <identifiers>
          <isin value="KR7247540008"/>
          <ticker value="A247540"/>
          <other otherDesc="SEDOL" value="BJ321P7"/>
        </identifiers>
        <balance>5728.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1188.750000"/>
        <valUSD>2413108.22</valUSD>
        <pctVal>0.5820092793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1913888.030000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Eqt AB</name>
        <lei>213800U7P9GOIRKCTB34</lei>
        <title>EQT AB /SEK/</title>
        <cusip>W3R27C102</cusip>
        <identifiers>
          <isin value="SE0012853455"/>
          <ticker value="EQBBF"/>
          <other otherDesc="SEDOL" value="BJ7W9K4"/>
        </identifiers>
        <balance>32400.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>1767689.96</valUSD>
        <pctVal>0.4263430671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Avanza Bank Holding AB</name>
        <lei>549300MBWR5H8SIJLE03</lei>
        <title>AVANZA BANK HOLDING AB /SEK/</title>
        <cusip>W1R78Z269</cusip>
        <identifiers>
          <isin value="SE0012454072"/>
          <ticker value="AZA"/>
          <other otherDesc="SEDOL" value="BJXMLF7"/>
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        <balance>12767.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>469356.30</valUSD>
        <pctVal>0.1132024331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sinch Ab</name>
        <lei>549300UXY7QM6IDCGI12</lei>
        <title>SINCH AB /SEK/</title>
        <cusip>W835AF448</cusip>
        <identifiers>
          <isin value="SE0016101844"/>
          <ticker value="CLCMF"/>
          <other otherDesc="SEDOL" value="BKP8Q11"/>
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        <balance>46205.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>588543.36</valUSD>
        <pctVal>0.1419487506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lifco AB</name>
        <lei>549300RTLL4VDQRCTW41</lei>
        <title>LIFCO AB-B SHS /SEK/</title>
        <cusip>W5321L166</cusip>
        <identifiers>
          <isin value="SE0015949201"/>
          <ticker value="LIFCO B"/>
          <other otherDesc="SEDOL" value="BL6K7K9"/>
        </identifiers>
        <balance>33498.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>1003509.06</valUSD>
        <pctVal>0.2420329018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WH Group Limited</name>
        <lei>254900A4AYEDRWYSE928</lei>
        <title>WH GROUP LTD /HKD/</title>
        <cusip>G96007102</cusip>
        <identifiers>
          <isin value="KYG960071028"/>
          <ticker value="WHGRF"/>
          <other otherDesc="SEDOL" value="BLLHKZ1"/>
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        <balance>2534890.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.797550"/>
        <valUSD>1589680.36</valUSD>
        <pctVal>0.3834095433</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>Investor AB</name>
        <lei>549300VEBQPHRZBKUX38</lei>
        <title>INVESTOR AB-B SHS /SEK/</title>
        <cusip>W5R777115</cusip>
        <identifiers>
          <isin value="SE0015811963"/>
          <ticker value="IVSBF"/>
          <other otherDesc="SEDOL" value="BMV7PQ4"/>
        </identifiers>
        <balance>104494.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>2633685.45</valUSD>
        <pctVal>0.6352095434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AddLife AB</name>
        <lei>5493005T3M7CD7XWE013</lei>
        <title>ADDLIFE AB-B /SEK/</title>
        <cusip>W0R093258</cusip>
        <identifiers>
          <isin value="SE0014401378"/>
          <ticker value="ADDLF"/>
          <other otherDesc="SEDOL" value="BMVWYM8"/>
        </identifiers>
        <balance>61532.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>2597143.14</valUSD>
        <pctVal>0.6263960293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hopson Development Holdings Limited</name>
        <lei>549300HYMKPTC1DTZS42</lei>
        <title>HOPSON DEVELOPMENT HOLDI /HKD/</title>
        <cusip>G4600H119</cusip>
        <identifiers>
          <isin value="BMG4600H1198"/>
          <ticker value="754"/>
          <other otherDesc="SEDOL" value="BMXJW56"/>
        </identifiers>
        <balance>558712.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.797550"/>
        <valUSD>1165065.58</valUSD>
        <pctVal>0.2809981637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IMCD NV</name>
        <lei>724500NSJPNFJPDAUP02</lei>
        <title>IMCD NV /EUR/</title>
        <cusip>N4447S106</cusip>
        <identifiers>
          <isin value="NL0010801007"/>
          <ticker value="IMDZF"/>
          <other otherDesc="SEDOL" value="BNCBD46"/>
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        <balance>4718.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1045819.94</valUSD>
        <pctVal>0.2522377175</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Eurofins Scientific SE</name>
        <lei>529900JEHFM47DYY3S57</lei>
        <title>EUROFINS SCIENTIFIC /EUR/</title>
        <cusip>L31839134</cusip>
        <identifiers>
          <isin value="FR0014000MR3"/>
          <ticker value="ERFSF"/>
          <other otherDesc="SEDOL" value="BNDPYV1"/>
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        <balance>14069.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1742710.13</valUSD>
        <pctVal>0.4203182677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NN Group N.V.</name>
        <lei>724500OHYNDT9OY6Q215</lei>
        <title>NN GROUP NV /EUR/</title>
        <cusip>N64038107</cusip>
        <identifiers>
          <isin value="NL0010773842"/>
          <ticker value="NNGPF"/>
          <other otherDesc="SEDOL" value="BNG8PQ9"/>
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        <balance>8612.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>466804.72</valUSD>
        <pctVal>0.1125870263</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Recruit Holdings Co Ltd</name>
        <lei>353800R2LRSMVVC4I806</lei>
        <title>RECRUIT HOLDINGS CO LTD /JPY/</title>
        <cusip>J6433A101</cusip>
        <identifiers>
          <isin value="JP3970300004"/>
          <ticker value="RCRRF"/>
          <other otherDesc="SEDOL" value="BQRRZ00"/>
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        <balance>14800.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>897032.08</valUSD>
        <pctVal>0.2163520849</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>
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      </invstOrSec>
      <invstOrSec>
        <name>CK Hutchison Holdings Limited</name>
        <lei>254900Z8HM1VEPOQ2G79</lei>
        <title>CK HUTCHISON HOLDINGS LT /HKD/</title>
        <cusip>G21765105</cusip>
        <identifiers>
          <isin value="KYG217651051"/>
          <ticker value="CKHUF"/>
          <other otherDesc="SEDOL" value="BW9P816"/>
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        <balance>270912.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.797550"/>
        <valUSD>1747584.00</valUSD>
        <pctVal>0.4214937797</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>UniCredit S.p.A.</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UNICREDIT SPA /EUR/</title>
        <cusip>T9T23L642</cusip>
        <identifiers>
          <isin value="IT0005239360"/>
          <ticker value="UNCFF"/>
          <other otherDesc="SEDOL" value="BYMXPS7"/>
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        <balance>33900.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>522732.71</valUSD>
        <pctVal>0.1260761060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BayCurrent Consulting Inc</name>
        <lei>N/A</lei>
        <title>BAYCURRENT CONSULTING IN /JPY/</title>
        <cusip>J0433F103</cusip>
        <identifiers>
          <isin value="JP3835250006"/>
          <ticker value="BYCRF"/>
          <other otherDesc="SEDOL" value="BYP20B9"/>
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        <balance>3500.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="115.030000"/>
        <valUSD>1353994.61</valUSD>
        <pctVal>0.3265653072</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ArcelorMittal S.A.</name>
        <lei>2EULGUTUI56JI9SAL165</lei>
        <title>ARCELORMITTAL /EUR/</title>
        <cusip>L0302D210</cusip>
        <identifiers>
          <isin value="LU1598757687"/>
          <ticker value="AMSYF"/>
          <other otherDesc="SEDOL" value="BYPBS67"/>
        </identifiers>
        <balance>73669.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>2360581.83</valUSD>
        <pctVal>0.5693406198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Covestro AG</name>
        <lei>3912005AWHKLQ1CPLV11</lei>
        <title>COVESTRO AG /EUR/</title>
        <cusip>D15349109</cusip>
        <identifiers>
          <isin value="DE0006062144"/>
          <ticker value="CVVTF"/>
          <other otherDesc="SEDOL" value="BYTBWY9"/>
        </identifiers>
        <balance>19709.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1216177.34</valUSD>
        <pctVal>0.2933256334</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>Hellofresh Se</name>
        <lei>391200ZAF4V6XD2M9G57</lei>
        <title>HELLOFRESH SE /EUR/</title>
        <cusip>D3R2MA100</cusip>
        <identifiers>
          <isin value="DE000A161408"/>
          <ticker value="HLFFF"/>
          <other otherDesc="SEDOL" value="BYWH8S0"/>
        </identifiers>
        <balance>4876.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>374936.56</valUSD>
        <pctVal>0.0904296605</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>Banca Mediolanum SpA</name>
        <lei>7LVZJ6XRIE7VNZ4UBX81</lei>
        <title>BANCA MEDIOLANUM SPA /EUR/</title>
        <cusip>T1R88K108</cusip>
        <identifiers>
          <isin value="IT0004776628"/>
          <ticker value="BNMDF"/>
          <other otherDesc="SEDOL" value="BYWP840"/>
        </identifiers>
        <balance>166784.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1648189.50</valUSD>
        <pctVal>0.3975211618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Poste Italiane SpA</name>
        <lei>815600354DEDBD0BA991</lei>
        <title>POSTE ITALIANE SPA /EUR/</title>
        <cusip>T7S697106</cusip>
        <identifiers>
          <isin value="IT0003796171"/>
          <ticker value="PITAF"/>
          <other otherDesc="SEDOL" value="BYYN701"/>
        </identifiers>
        <balance>130714.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1717358.43</valUSD>
        <pctVal>0.4142037783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sartorius Stedim B</name>
        <lei>52990006IVXY7GCSSR39</lei>
        <title>SARTORIUS STEDIM BIOTECH /EUR/</title>
        <cusip>F8005V210</cusip>
        <identifiers>
          <isin value="FR0013154002"/>
          <ticker value="SDMHF"/>
          <other otherDesc="SEDOL" value="BYZ2QP5"/>
        </identifiers>
        <balance>2418.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1327995.57</valUSD>
        <pctVal>0.3202946881</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>Ck Asset Holdings Ltd</name>
        <lei>5299006GJZSGP78B8S35</lei>
        <title>CK ASSET HOLDINGS LTD /HKD/</title>
        <cusip>G2177B101</cusip>
        <identifiers>
          <isin value="KYG2177B1014"/>
          <ticker value="CHKGF"/>
          <other otherDesc="SEDOL" value="BYZQ077"/>
        </identifiers>
        <balance>155868.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.797550"/>
        <valUSD>982476.83</valUSD>
        <pctVal>0.2369602105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qt Group Oyj</name>
        <lei>743700GO2XU2ZYYDKW67</lei>
        <title>QT GROUP OYJ /EUR/</title>
        <cusip>X6S9D4109</cusip>
        <identifiers>
          <isin value="FI4000198031"/>
          <ticker value="QTGPF"/>
          <other otherDesc="SEDOL" value="BYZQHX2"/>
        </identifiers>
        <balance>10740.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>1633592.65</valUSD>
        <pctVal>0.3940005977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Reply Spa</name>
        <lei>815600DAEFB0388F3521</lei>
        <title>REPLY SPA /EUR/</title>
        <cusip>T60326112</cusip>
        <identifiers>
          <isin value="IT0005282865"/>
          <ticker value="RPYTF"/>
          <other otherDesc="SEDOL" value="BZ1DZ96"/>
        </identifiers>
        <balance>4891.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>995073.70</valUSD>
        <pctVal>0.2399984063</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Adyen NV</name>
        <lei>724500973ODKK3IFQ447</lei>
        <title>ADYEN NV /EUR/</title>
        <cusip>N3501V104</cusip>
        <identifiers>
          <isin value="NL0012969182"/>
          <ticker value="ADYYF"/>
          <other otherDesc="SEDOL" value="BZ1HM42"/>
        </identifiers>
        <balance>161.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>423694.48</valUSD>
        <pctVal>0.1021894157</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>Uniper SE</name>
        <lei>549300UXRTWGIBZQ4J67</lei>
        <title>UNIPER SE /EUR/</title>
        <cusip>D8530Z100</cusip>
        <identifiers>
          <isin value="DE000UNSE018"/>
          <ticker value="UNPRF"/>
          <other otherDesc="SEDOL" value="BZ6CZ43"/>
        </identifiers>
        <balance>54072.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".878349"/>
        <valUSD>2573248.61</valUSD>
        <pctVal>0.6206329897</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>Ashtead Group</name>
        <lei>2138007UTBN8X9K1A235</lei>
        <title>ASHTEAD GROUP PLC /GBP/</title>
        <cusip>G05320109</cusip>
        <identifiers>
          <isin value="GB0000536739"/>
          <ticker value="ASHTF"/>
          <other otherDesc="SEDOL" value="0053673"/>
        </identifiers>
        <balance>5935.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>477339.81</valUSD>
        <pctVal>0.1151279485</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>Barratt Devs Plc</name>
        <lei>2138006R85VEOF5YNK29</lei>
        <title>BARRATT DEVELOPMENTS PLC /GBP/</title>
        <cusip>G08288105</cusip>
        <identifiers>
          <isin value="GB0000811801"/>
          <ticker value="BTDPF"/>
          <other otherDesc="SEDOL" value="0081180"/>
        </identifiers>
        <balance>101482.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>1027459.95</valUSD>
        <pctVal>0.2478095346</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>Howden Joinery Group Plc</name>
        <lei>213800KC1LJOJTY3JP45</lei>
        <title>HOWDEN JOINERY GROUP PLC /GBP/</title>
        <cusip>G4647J102</cusip>
        <identifiers>
          <isin value="GB0005576813"/>
          <ticker value="HWDJF"/>
          <other otherDesc="SEDOL" value="0557681"/>
        </identifiers>
        <balance>112222.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>1368905.52</valUSD>
        <pctVal>0.3301616183</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>Legal &amp; General Group plc</name>
        <lei>213800JH9QQWHLO99821</lei>
        <title>LEGAL &amp; GENERAL GROUP PL /GBP/</title>
        <cusip>G54404127</cusip>
        <identifiers>
          <isin value="GB0005603997"/>
          <ticker value="LGGNF"/>
          <other otherDesc="SEDOL" value="0560399"/>
        </identifiers>
        <balance>357624.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>1440084.30</valUSD>
        <pctVal>0.3473289837</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>Prudential plc</name>
        <lei>5493001Z3ZE83NGK8Y12</lei>
        <title>PRUDENTIAL PLC /GBP/</title>
        <cusip>G72899100</cusip>
        <identifiers>
          <isin value="GB0007099541"/>
          <ticker value="PUKPF"/>
          <other otherDesc="SEDOL" value="0709954"/>
        </identifiers>
        <balance>23031.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>397307.65</valUSD>
        <pctVal>0.0958252668</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>Rio Tinto plc</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>RIO TINTO PLC /GBP/</title>
        <cusip>G75754104</cusip>
        <identifiers>
          <isin value="GB0007188757"/>
          <ticker value="RTPPF"/>
          <other otherDesc="SEDOL" value="0718875"/>
        </identifiers>
        <balance>27280.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>1806363.31</valUSD>
        <pctVal>0.4356705595</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>ST Jamess Place</name>
        <lei>213800M993ICXOMBCP87</lei>
        <title>ST JAMES'S PLACE PLC /GBP/</title>
        <cusip>G5005D124</cusip>
        <identifiers>
          <isin value="GB0007669376"/>
          <ticker value="STJPF"/>
          <other otherDesc="SEDOL" value="0766937"/>
        </identifiers>
        <balance>111179.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>2533437.38</valUSD>
        <pctVal>0.6110310559</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>BP p.l.c.</name>
        <lei>213800LH1BZH3DI6G760</lei>
        <title>BP PLC /GBP/</title>
        <cusip>G12793108</cusip>
        <identifiers>
          <isin value="GB0007980591"/>
          <ticker value="BPAQF"/>
          <other otherDesc="SEDOL" value="0798059"/>
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        <balance>98470.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>440503.83</valUSD>
        <pctVal>0.1062436050</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>Marks and Spencer Group plc</name>
        <lei>213800EJP14A79ZG1X44</lei>
        <title>MARKS &amp; SPENCER GROUP PL /GBP/</title>
        <cusip>G5824M107</cusip>
        <identifiers>
          <isin value="GB0031274896"/>
          <ticker value="MAKSF"/>
          <other otherDesc="SEDOL" value="3127489"/>
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        <balance>547837.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>1715888.27</valUSD>
        <pctVal>0.4138491955</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>Kingfisher plc</name>
        <lei>213800KBMEV7I92FY281</lei>
        <title>KINGFISHER PLC /GBP/</title>
        <cusip>G5256E441</cusip>
        <identifiers>
          <isin value="GB0033195214"/>
          <ticker value="KGFHF"/>
          <other otherDesc="SEDOL" value="3319521"/>
        </identifiers>
        <balance>398328.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>1823967.60</valUSD>
        <pctVal>0.4399164777</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>Holcim Ltd</name>
        <lei>529900EHPFPYHV6IQO98</lei>
        <title>HOLCIM LTD /CHF/</title>
        <cusip>H4768E105</cusip>
        <identifiers>
          <isin value="CH0012214059"/>
          <ticker value="HCMLF"/>
          <other otherDesc="SEDOL" value="7110753"/>
        </identifiers>
        <balance>9337.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".911200"/>
        <valUSD>476584.58</valUSD>
        <pctVal>0.1149457971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clariant AG</name>
        <lei>529900VSEKBY7TMPP349</lei>
        <title>CLARIANT AG-REG /CHF/</title>
        <cusip>H14843165</cusip>
        <identifiers>
          <isin value="CH0012142631"/>
          <ticker value="CLZNF"/>
          <other otherDesc="SEDOL" value="7113990"/>
        </identifiers>
        <balance>47828.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".911200"/>
        <valUSD>997291.48</valUSD>
        <pctVal>0.2405333050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bachem Holding AG</name>
        <lei>506700S81111XI7TG884</lei>
        <title>BACHEM HOLDING AG-REG B /CHF/</title>
        <cusip>H04002129</cusip>
        <identifiers>
          <isin value="CH0012530207"/>
          <ticker value="BFEHF"/>
          <other otherDesc="SEDOL" value="7155884"/>
        </identifiers>
        <balance>1768.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".911200"/>
        <valUSD>1389253.73</valUSD>
        <pctVal>0.3350693332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Straumann Holding AG</name>
        <lei>50670046ML5FVIM60Z37</lei>
        <title>STRAUMANN HOLDING AG-REG /CHF/</title>
        <cusip>H8300N119</cusip>
        <identifiers>
          <isin value="CH0012280076"/>
          <ticker value="SAUHF"/>
          <other otherDesc="SEDOL" value="7156832"/>
        </identifiers>
        <balance>501.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".911200"/>
        <valUSD>1065009.88</valUSD>
        <pctVal>0.2568660732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PSP Swiss Property AG</name>
        <lei>50670042Y437P8X44F56</lei>
        <title>PSP SWISS PROPERTY AG-RE /CHF/</title>
        <cusip>H64687124</cusip>
        <identifiers>
          <isin value="CH0018294154"/>
          <ticker value="PSPSF"/>
          <other otherDesc="SEDOL" value="B012877"/>
        </identifiers>
        <balance>3743.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".911200"/>
        <valUSD>467053.45</valUSD>
        <pctVal>0.1126470167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sainsbury (J) plc</name>
        <lei>213800VGZAAJIKJ9Y484</lei>
        <title>SAINSBURY (J) PLC /GBP/</title>
        <cusip>G77732173</cusip>
        <identifiers>
          <isin value="GB00B019KW72"/>
          <ticker value="JSNSF"/>
          <other otherDesc="SEDOL" value="B019KW7"/>
        </identifiers>
        <balance>117412.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>438309.66</valUSD>
        <pctVal>0.1057144007</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>Centrica plc</name>
        <lei>E26EDV109X6EEPBKVH76</lei>
        <title>CENTRICA PLC /GBP/</title>
        <cusip>G2018Z143</cusip>
        <identifiers>
          <isin value="GB00B033F229"/>
          <ticker value="CPYYF"/>
          <other otherDesc="SEDOL" value="B033F22"/>
        </identifiers>
        <balance>1773608.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>1716476.92</valUSD>
        <pctVal>0.4139911699</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>Kuehne&amp;Nagel Intl</name>
        <lei>529900Q0YED3805QXQ66</lei>
        <title>KUEHNE + NAGEL INTL AG-R /CHF/</title>
        <cusip>H4673L145</cusip>
        <identifiers>
          <isin value="CH0025238863"/>
          <ticker value="KHNGF"/>
          <other otherDesc="SEDOL" value="B142S60"/>
        </identifiers>
        <balance>1320.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".911200"/>
        <valUSD>426479.37</valUSD>
        <pctVal>0.1028610937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frasers Group Plc</name>
        <lei>213800JEGHHEAXIJDX34</lei>
        <title>FRASERS GROUP PLC /GBP/</title>
        <cusip>G83694102</cusip>
        <identifiers>
          <isin value="GB00B1QH8P22"/>
          <ticker value="SDIPF"/>
          <other otherDesc="SEDOL" value="B1QH8P2"/>
        </identifiers>
        <balance>147079.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>1534897.34</valUSD>
        <pctVal>0.3701966150</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>Anglo American PLC</name>
        <lei>549300S9XF92D1X8ME43</lei>
        <title>ANGLO AMERICAN PLC /GBP/</title>
        <cusip>G03764134</cusip>
        <identifiers>
          <isin value="GB00B1XZS820"/>
          <ticker value="AAUKF"/>
          <other otherDesc="SEDOL" value="B1XZS82"/>
        </identifiers>
        <balance>51111.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>2086507.76</valUSD>
        <pctVal>0.5032376367</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>3i Group PLC</name>
        <lei>35GDVHRBMFE7NWATNM84</lei>
        <title>3I GROUP PLC /GBP/</title>
        <cusip>G88473148</cusip>
        <identifiers>
          <isin value="GB00B1YW4409"/>
          <ticker value="TGOPF"/>
          <other otherDesc="SEDOL" value="B1YW440"/>
        </identifiers>
        <balance>130743.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>2564254.46</valUSD>
        <pctVal>0.6184637216</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>Fresnillo PLC</name>
        <lei>549300JXWH1UV5J0XV81</lei>
        <title>FRESNILLO PLC /GBP/</title>
        <cusip>G371E2108</cusip>
        <identifiers>
          <isin value="GB00B2QPKJ12"/>
          <ticker value="FNLPF"/>
          <other otherDesc="SEDOL" value="B2QPKJ1"/>
        </identifiers>
        <balance>85768.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>1036462.87</valUSD>
        <pctVal>0.2499809180</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>Segro Plc</name>
        <lei>213800XC35KGM9NFC641</lei>
        <title>SEGRO PLC /GBP/</title>
        <cusip>G80277141</cusip>
        <identifiers>
          <isin value="GB00B5ZN1N88"/>
          <ticker value="SEGXF"/>
          <other otherDesc="SEDOL" value="B5ZN1N8"/>
        </identifiers>
        <balance>140207.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>2726149.17</valUSD>
        <pctVal>0.6575105503</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>Inchcape</name>
        <lei>213800RGEH1MPPNM2T57</lei>
        <title>INCHCAPE PLC /GBP/</title>
        <cusip>G47320208</cusip>
        <identifiers>
          <isin value="GB00B61TVQ02"/>
          <ticker value="IHCPF"/>
          <other otherDesc="SEDOL" value="B61TVQ0"/>
        </identifiers>
        <balance>41318.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>508646.76</valUSD>
        <pctVal>0.1226787642</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>Rolls Royce Hldgs</name>
        <lei>213800EC7997ZBLZJH69</lei>
        <title>ROLLS-ROYCE HOLDINGS PLC /GBP/</title>
        <cusip>G76225104</cusip>
        <identifiers>
          <isin value="GB00B63H8491"/>
          <ticker value="RYCEF"/>
          <other otherDesc="SEDOL" value="B63H849"/>
        </identifiers>
        <balance>478227.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>795407.32</valUSD>
        <pctVal>0.1918415582</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>Royal Mail Plc</name>
        <lei>213800TCZZU84G8Z2M70</lei>
        <title>ROYAL MAIL PLC /GBP/</title>
        <cusip>G7368G108</cusip>
        <identifiers>
          <isin value="GB00BDVZYZ77"/>
          <ticker value="ROYMF"/>
          <other otherDesc="SEDOL" value="BDVZYZ7"/>
        </identifiers>
        <balance>397785.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>2724414.65</valUSD>
        <pctVal>0.6570922074</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>Abrdn PLC</name>
        <lei>0TMBS544NMO7GLCE7H90</lei>
        <title>ABRDN PLC /GBP/</title>
        <cusip>G84246118</cusip>
        <identifiers>
          <isin value="GB00BF8Q6K64"/>
          <ticker value="SLFPF"/>
          <other otherDesc="SEDOL" value="BF8Q6K6"/>
        </identifiers>
        <balance>655504.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>2137403.10</valUSD>
        <pctVal>0.5155129088</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>Tritax Big Box REIT Plc</name>
        <lei>213800L6X88MIYPVR714</lei>
        <title>TRITAX BIG BOX REIT PLC /GBP/</title>
        <cusip>G9101W101</cusip>
        <identifiers>
          <isin value="GB00BG49KP99"/>
          <ticker value="TTBXF"/>
          <other otherDesc="SEDOL" value="BG49KP9"/>
        </identifiers>
        <balance>788085.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>2656113.91</valUSD>
        <pctVal>0.6406189866</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>Endeavour Mining Plc</name>
        <lei>529900NI5MXQ91GHXR07</lei>
        <title>ENDEAVOUR MINING PLC /GBP/</title>
        <cusip>G3042J105</cusip>
        <identifiers>
          <isin value="GB00BL6K5J42"/>
          <ticker value="EDVMF"/>
          <other otherDesc="SEDOL" value="BL6K5J4"/>
        </identifiers>
        <balance>19596.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>442953.55</valUSD>
        <pctVal>0.1068344446</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>JD Sports Fashion</name>
        <lei>213800HROV6Y9MUU8375</lei>
        <title>JD SPORTS FASHION PLC /GBP/</title>
        <cusip>G5144Y120</cusip>
        <identifiers>
          <isin value="GB00BM8Q5M07"/>
          <ticker value="JDDSF"/>
          <other otherDesc="SEDOL" value="BM8Q5M0"/>
        </identifiers>
        <balance>479389.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>1413254.01</valUSD>
        <pctVal>0.3408578783</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>Boliden Ab</name>
        <lei>21380059QU7IM1ONDJ56</lei>
        <title>BOLIDEN AB /SEK/</title>
        <cusip>W17218178</cusip>
        <identifiers>
          <isin value="SE0015811559"/>
          <ticker value="BOLIF"/>
          <other otherDesc="SEDOL" value="BMWPW33"/>
        </identifiers>
        <balance>56009.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>2169401.96</valUSD>
        <pctVal>0.5232306039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nibe Industrier Ab</name>
        <lei>549300ZQH0FIF1P0MX67</lei>
        <title>NIBE INDUSTRIER AB-B SHS /SEK/</title>
        <cusip>W6S38Z126</cusip>
        <identifiers>
          <isin value="SE0015988019"/>
          <ticker value="NDRBF"/>
          <other otherDesc="SEDOL" value="BN7BZM3"/>
        </identifiers>
        <balance>142894.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>2162496.90</valUSD>
        <pctVal>0.5215651962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kinnevik Ab (Publ)</name>
        <lei>2138006PZH76JOS6MN27</lei>
        <title>KINNEVIK AB - B /SEK/</title>
        <cusip>W5139V646</cusip>
        <identifiers>
          <isin value="SE0015810247"/>
          <ticker value="KNKBF"/>
          <other otherDesc="SEDOL" value="BNKF607"/>
        </identifiers>
        <balance>63930.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>2283416.43</valUSD>
        <pctVal>0.5507293622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Beijer Ref AB</name>
        <lei>549300PZZEUVH08H4G75</lei>
        <title>BEIJER REF AB /SEK/</title>
        <cusip>W14029123</cusip>
        <identifiers>
          <isin value="SE0015949748"/>
          <ticker value="BEIJ B"/>
          <other otherDesc="SEDOL" value="BP2NJ48"/>
        </identifiers>
        <balance>45330.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>992763.22</valUSD>
        <pctVal>0.2394411496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thule Group AB</name>
        <lei>549300XHHOGBOERKU333</lei>
        <title>THULE GROUP AB/THE /SEK/</title>
        <cusip>W9T18N112</cusip>
        <identifiers>
          <isin value="SE0006422390"/>
          <ticker value="THLPF"/>
          <other otherDesc="SEDOL" value="BSQXJ01"/>
        </identifiers>
        <balance>17902.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.036200"/>
        <valUSD>1085666.10</valUSD>
        <pctVal>0.2618480759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Future PLC</name>
        <lei>213800K2581YRLEXV353</lei>
        <title>FUTURE PLC /GBP/</title>
        <cusip>G37005132</cusip>
        <identifiers>
          <isin value="GB00BYZN9041"/>
          <ticker value="FRNWF"/>
          <other otherDesc="SEDOL" value="BYZN904"/>
        </identifiers>
        <balance>36324.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".738798"/>
        <valUSD>1883071.15</valUSD>
        <pctVal>0.4541714598</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>Vat Group Ag</name>
        <lei>529900MVFK7NVALR7Y83</lei>
        <title>VAT GROUP AG /CHF/</title>
        <cusip>H90508104</cusip>
        <identifiers>
          <isin value="CH0311864901"/>
          <ticker value="VTTGF"/>
          <other otherDesc="SEDOL" value="BYZWMR9"/>
        </identifiers>
        <balance>3416.0000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".911200"/>
        <valUSD>1703501.32</valUSD>
        <pctVal>0.4108616296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas Securities Corp</name>
        <lei>RCNB6OTYUAMMP879YW96</lei>
        <title>BNP Paribas Securities Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Internal" value="2681RBNP03"/>
        </identifiers>
        <balance>2014490.61</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2014490.61</valUSD>
        <pctVal>0.4858680678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="RCNB6OTYUAMMP879YW96" name="BNP Paribas Securities Corp"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>0.03</repurchaseRt>
          <maturityDt>2022-01-03</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>2014488.94</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>2014490.61</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="2014490.610000000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs Trust</name>
        <lei>S2FHCT8U6D2VORP0J605</lei>
        <title>GOLDMAN SACHS TR FINL SQ TSY IN</title>
        <cusip>38141W323</cusip>
        <identifiers>
          <isin value="US38141W3236"/>
          <ticker value="FTOXX"/>
          <other otherDesc="SEDOL" value="B4MSWK3"/>
        </identifiers>
        <balance>4536945.73</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4536945.73</valUSD>
        <pctVal>1.0942503501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="4536945.730000000000" isCashCollateral="Y"/>
          <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>2022-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>First Trust Exchange-Traded AlphaDEX Fund II </ncom:nameOfApplicant>
      <ncom:signature>Donald P. Swade</ncom:signature>
      <ncom:signerName>First Trust Exchange-Traded AlphaDEX Fund II</ncom:signerName>
      <ncom:title>Treasurer, Chief Financial Officer and Chief Accounting Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
