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      <invstOrSec>
        <name>MITSUI &amp; CO., LTD.</name>
        <lei>2NRSB4GOU9DD6CNW5R48</lei>
        <title>MITSUI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3893600001"/>
          <other otherDesc="Internal" value="6597302"/>
        </identifiers>
        <balance>41000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1134069.38000000</valUSD>
        <pctVal>0.350710407936</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 LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3402600005"/>
          <other otherDesc="Internal" value="6858849"/>
        </identifiers>
        <balance>13100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>601820.03000000</valUSD>
        <pctVal>0.186112553559</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>Suncor Energy Inc.</name>
        <lei>894500XO86FKXQGPYV71</lei>
        <title>SUNCOR ENERGY INC</title>
        <cusip>867224107</cusip>
        <identifiers>
          <isin value="CA8672241079"/>
          <other otherDesc="Internal" value="B3NB1P2"/>
        </identifiers>
        <balance>34603.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.41810000"/>
        <valUSD>1861793.17000000</valUSD>
        <pctVal>0.575758638456</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>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0005405286"/>
          <other otherDesc="Internal" value="0540528"/>
        </identifiers>
        <balance>101127.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75403000"/>
        <valUSD>1918922.48000000</valUSD>
        <pctVal>0.593425849976</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>ROGERS COMMUNICATIONS INC.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>ROGERS COMMUNICATIONS INC</title>
        <cusip>775109200</cusip>
        <identifiers>
          <isin value="CA7751092007"/>
          <other otherDesc="Internal" value="2169051"/>
        </identifiers>
        <balance>50590.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.41810000"/>
        <valUSD>1646021.16000000</valUSD>
        <pctVal>0.509031248595</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="1507898.08000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe</name>
        <lei>549300JCRU23I1THU176</lei>
        <title>VIENNA INSURANCE GROUP AG WIENER VERSICHERUNG GRUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000908504"/>
          <other otherDesc="Internal" value="B0BKSS2"/>
        </identifiers>
        <balance>22353.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1644673.30000000</valUSD>
        <pctVal>0.508614423541</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>HMM CO.,LTD</name>
        <lei>988400M8Q35QDZ4XXW80</lei>
        <title>HMM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7011200003"/>
          <other otherDesc="Internal" value="6405869"/>
        </identifiers>
        <balance>103265.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>1240726.74000000</valUSD>
        <pctVal>0.383694144993</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>LG Corp.</name>
        <lei>N/A</lei>
        <title>LG CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7003550001"/>
          <other otherDesc="Internal" value="6537030"/>
        </identifiers>
        <balance>9060.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>569138.10000000</valUSD>
        <pctVal>0.176005682494</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>CK ASSET HOLDINGS LIMITED</name>
        <lei>5299006GJZSGP78B8S35</lei>
        <title>CK ASSET HOLDINGS LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2177B1014"/>
          <other otherDesc="Internal" value="BYZQ077"/>
        </identifiers>
        <balance>361823.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84260000"/>
        <valUSD>2038270.49000000</valUSD>
        <pctVal>0.630334164416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Schaeffler AG</name>
        <lei>549300Q7E782X7GC1P43</lei>
        <title>SCHAEFFLER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000SHA0100"/>
          <other otherDesc="Internal" value="BV5F6V9"/>
        </identifiers>
        <balance>78949.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>764892.57000000</valUSD>
        <pctVal>0.236542657779</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>SINGAPORE AIRLINES LIMITED</name>
        <lei>549300ZG62N2599PWR15</lei>
        <title>SINGAPORE AIRLINES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1V61937297"/>
          <other otherDesc="Internal" value="6811734"/>
        </identifiers>
        <balance>722200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29340000"/>
        <valUSD>4288306.79000000</valUSD>
        <pctVal>1.326156803278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Henkel AG &amp; Co. KGaA</name>
        <lei>549300VZCL1HTH4O4Y49</lei>
        <title>HENKEL AG CO KGAA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006048432"/>
          <other otherDesc="Internal" value="5076705"/>
        </identifiers>
        <balance>34793.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2923300.49000000</valUSD>
        <pctVal>0.904029264389</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>West Japan Railway Company</name>
        <lei>353800QGUXHZ7EBCR121</lei>
        <title>WEST JAPAN RAILWAY CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3659000008"/>
          <other otherDesc="Internal" value="6957995"/>
        </identifiers>
        <balance>145800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>2443750.77000000</valUSD>
        <pctVal>0.755728745132</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>Resonac Holdings Corporation</name>
        <lei>5493006AIPA1V92YPP18</lei>
        <title>RESONAC HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3368000000"/>
          <other otherDesc="Internal" value="6805469"/>
        </identifiers>
        <balance>6500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>707651.62000000</valUSD>
        <pctVal>0.218840921643</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>Astellas Pharma Inc.</name>
        <lei>529900IB708DY2HBBB35</lei>
        <title>ASTELLAS PHARMA INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3942400007"/>
          <other otherDesc="Internal" value="6985383"/>
        </identifiers>
        <balance>110500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1478272.24000000</valUSD>
        <pctVal>0.457154976118</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>ACS, Actividades de Construccion y Servicios, S.A.</name>
        <lei>95980020140005558665</lei>
        <title>ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0167050915"/>
          <other otherDesc="Internal" value="B01FLQ6"/>
        </identifiers>
        <balance>10804.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1588623.85000000</valUSD>
        <pctVal>0.491281158204</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>TENARIS S.A.</name>
        <lei>549300Y7C05BKC4HZB40</lei>
        <title>TENARIS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU2598331598"/>
          <other otherDesc="Internal" value="BMHVLR3"/>
        </identifiers>
        <balance>60593.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1676004.58000000</valUSD>
        <pctVal>0.518303606746</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>Mercedes-Benz Group AG</name>
        <lei>529900R27DL06UVNT076</lei>
        <title>Mercedes Benz Group AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007100000"/>
          <other otherDesc="Internal" value="5529027"/>
        </identifiers>
        <balance>37063.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1859776.94000000</valUSD>
        <pctVal>0.575135120302</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>HENDERSON LAND DEVELOPMENT COMPANY LIMITED</name>
        <lei>529900SYQB7IVR9QGN76</lei>
        <title>HENDERSON LAND DEVELOPMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0012000102"/>
          <other otherDesc="Internal" value="6420538"/>
        </identifiers>
        <balance>531243.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84260000"/>
        <valUSD>1679905.44000000</valUSD>
        <pctVal>0.519509945817</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>SK hynix Inc.</name>
        <lei>988400XAIK6XISWQV045</lei>
        <title>SK HYNIX INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000660001"/>
          <other otherDesc="Internal" value="6450267"/>
        </identifiers>
        <balance>458.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>783588.35000000</valUSD>
        <pctVal>0.242324318713</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>Koninklijke Ahold Delhaize N.V.</name>
        <lei>724500C9GNBV20UYRX36</lei>
        <title>KONINKLIJKE AHOLD DELHAIZE NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0011794037"/>
          <other otherDesc="Internal" value="BD0Q398"/>
        </identifiers>
        <balance>60197.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2422267.80000000</valUSD>
        <pctVal>0.749085147038</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>VOLKSWAGEN AKTIENGESELLSCHAFT</name>
        <lei>529900NNUPAGGOMPXZ31</lei>
        <title>VOLKSWAGEN AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007664039"/>
          <other otherDesc="Internal" value="5497168"/>
        </identifiers>
        <balance>18248.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1461474.52000000</valUSD>
        <pctVal>0.451960289323</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>CHINA RESOURCES LAND LIMITED</name>
        <lei>5299001HL0TU7X15HK51</lei>
        <title>CHINA RESOURCES LAND LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2108Y1052"/>
          <other otherDesc="Internal" value="6193766"/>
        </identifiers>
        <balance>380750.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84260000"/>
        <valUSD>1456468.52000000</valUSD>
        <pctVal>0.450412186241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CGI INC.</name>
        <lei>549300WSRCZY73ZG3090</lei>
        <title>CGI INC</title>
        <cusip>12532H104</cusip>
        <identifiers>
          <isin value="CA12532H1047"/>
          <other otherDesc="Internal" value="BJ2L575"/>
        </identifiers>
        <balance>24812.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.41810000"/>
        <valUSD>1603917.95000000</valUSD>
        <pctVal>0.496010851241</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>Nippon Yusen Kabushiki Kaisha</name>
        <lei>353800YPW4XM0ZN5I149</lei>
        <title>NIPPON YUSEN KK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3753000003"/>
          <other otherDesc="Internal" value="6643960"/>
        </identifiers>
        <balance>57300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1838336.82000000</valUSD>
        <pctVal>0.568504773549</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>ING Groep N.V.</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING GROEP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0011821202"/>
          <other otherDesc="Internal" value="BZ57390"/>
        </identifiers>
        <balance>66547.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2103757.11000000</valUSD>
        <pctVal>0.650585870016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="236473.16000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shionogi &amp; Co., Ltd.</name>
        <lei>35380049VXDTHZI3DY35</lei>
        <title>SHIONOGI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3347200002"/>
          <other otherDesc="Internal" value="6804682"/>
        </identifiers>
        <balance>91400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1567933.33000000</valUSD>
        <pctVal>0.484882624889</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 ELECTRIC POWER CORPORATION</name>
        <lei>988400QG33WS7JEIV602</lei>
        <title>KOREA ELECTRIC POWER CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7015760002"/>
          <other otherDesc="Internal" value="6495730"/>
        </identifiers>
        <balance>35753.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>854064.82000000</valUSD>
        <pctVal>0.264119133016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="non-U.S. government agency" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG SDI CO., LTD.</name>
        <lei>9884002AESDO4YW87G32</lei>
        <title>SAMSUNG SDI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7006400006"/>
          <other otherDesc="Internal" value="6771645"/>
        </identifiers>
        <balance>1697.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>533565.11000000</valUSD>
        <pctVal>0.165004752521</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>Bayerische Motoren Werke Aktiengesellschaft</name>
        <lei>YEH5ZCD6E441RHVHD759</lei>
        <title>BAYERISCHE MOTOREN WERKE BMW AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005190003"/>
          <other otherDesc="Internal" value="5756029"/>
        </identifiers>
        <balance>21628.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1414899.72000000</valUSD>
        <pctVal>0.437557054921</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>ISRAELI SHEKEL</name>
        <lei>N/A</lei>
        <title>ISRAELI SHEKEL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="ILS"/>
        </identifiers>
        <balance>-35949.10000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.97330000"/>
        <valUSD>-12090.64000000</valUSD>
        <pctVal>-0.00373902457</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG C&amp;T CORPORATION</name>
        <lei>988400GFRE4IDFPE9E64</lei>
        <title>SAMSUNG C T CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7028260008"/>
          <other otherDesc="Internal" value="BSXN8K7"/>
        </identifiers>
        <balance>2928.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>885640.13000000</valUSD>
        <pctVal>0.273883782381</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>JFE Holdings, Inc.</name>
        <lei>3538002Y11Y03NA9B530</lei>
        <title>JFE HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386030005"/>
          <other otherDesc="Internal" value="6543792"/>
        </identifiers>
        <balance>184200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1767449.87000000</valUSD>
        <pctVal>0.546583018504</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1591756.92000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KB Financial Group Inc.</name>
        <lei>529900TKE4MXG3Q6GW86</lei>
        <title>KB FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7105560007"/>
          <other otherDesc="Internal" value="B3DF0Y6"/>
        </identifiers>
        <balance>14775.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>1516705.40000000</valUSD>
        <pctVal>0.469040412283</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>Aktiebolaget Industrivarden</name>
        <lei>549300TM1DLIQI3B3T37</lei>
        <title>INDUSTRIVARDEN AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000107203"/>
          <other otherDesc="Internal" value="B1VSK54"/>
        </identifiers>
        <balance>48307.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.69410000"/>
        <valUSD>2651027.33000000</valUSD>
        <pctVal>0.819828921184</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>CK HUTCHISON HOLDINGS LIMITED</name>
        <lei>254900Z8HM1VEPOQ2G79</lei>
        <title>CK HUTCHISON HOLDINGS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG217651051"/>
          <other otherDesc="Internal" value="BW9P816"/>
        </identifiers>
        <balance>224287.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84260000"/>
        <valUSD>1894654.04000000</valUSD>
        <pctVal>0.585920846629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPAN POST INSURANCE Co.,Ltd.</name>
        <lei>54930042SK2Z708BA841</lei>
        <title>JAPAN POST INSURANCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3233250004"/>
          <other otherDesc="Internal" value="BYT8154"/>
        </identifiers>
        <balance>162300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1523871.02000000</valUSD>
        <pctVal>0.471256376806</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, Ltd.</name>
        <lei>5493005SP87FL5TOS202</lei>
        <title>SUMITOMO ELECTRIC INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3407400005"/>
          <other otherDesc="Internal" value="6858708"/>
        </identifiers>
        <balance>36400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>655325.38000000</valUSD>
        <pctVal>0.202659057200</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>ORANGE SA</name>
        <lei>969500MCOONR8990S771</lei>
        <title>ORANGE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000133308"/>
          <other otherDesc="Internal" value="5176177"/>
        </identifiers>
        <balance>115346.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2175083.95000000</valUSD>
        <pctVal>0.672643660831</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>VODAFONE GROUP PUBLIC LIMITED COMPANY</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BH4HKS39"/>
          <other otherDesc="Internal" value="BH4HKS3"/>
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        <balance>1424546.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75403000"/>
        <valUSD>1881686.17000000</valUSD>
        <pctVal>0.581910539096</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Repsol, S.A.</name>
        <lei>BSYCX13Y0NOTV14V9N85</lei>
        <title>REPSOL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0173516115"/>
          <other otherDesc="Internal" value="5669354"/>
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        <balance>63193.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1589084.43000000</valUSD>
        <pctVal>0.491423592347</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>
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      </invstOrSec>
      <invstOrSec>
        <name>TOTALENERGIES SE</name>
        <lei>529900S21EQ1BO4ESM68</lei>
        <title>TOTALENERGIES SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000120271"/>
          <other otherDesc="Internal" value="B15C557"/>
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        <balance>26907.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2091335.49000000</valUSD>
        <pctVal>0.646744490032</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>Kirin Holdings Company, Limited</name>
        <lei>353800GBVL72LLMTYM96</lei>
        <title>KIRIN HOLDINGS CO LTD</title>
        <cusip>497350108</cusip>
        <identifiers>
          <isin value="JP3258000003"/>
          <other otherDesc="Internal" value="6493745"/>
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        <balance>118300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>2045037.21000000</valUSD>
        <pctVal>0.632426769307</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>A.P. MOELLER - MAERSK A/S</name>
        <lei>549300D2K6PKKKXVNN73</lei>
        <title>AP MOELLER MAERSK A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0010244508"/>
          <other otherDesc="Internal" value="4253048"/>
        </identifiers>
        <balance>608.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.54100000"/>
        <valUSD>1444476.38000000</valUSD>
        <pctVal>0.446703622739</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>Cenovus Energy Incorporation .</name>
        <lei>254900LJGL2N2XEMD470</lei>
        <title>CENOVUS ENERGY INC</title>
        <cusip>15135U109</cusip>
        <identifiers>
          <isin value="CA15135U1093"/>
          <other otherDesc="Internal" value="B57FG04"/>
        </identifiers>
        <balance>56096.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.41810000"/>
        <valUSD>1392016.25000000</valUSD>
        <pctVal>0.430480352878</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>WH GROUP LIMITED</name>
        <lei>254900A4AYEDRWYSE928</lei>
        <title>WH GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG960071028"/>
          <other otherDesc="Internal" value="BLLHKZ1"/>
        </identifiers>
        <balance>1593333.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84260000"/>
        <valUSD>1684228.52000000</valUSD>
        <pctVal>0.520846856218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IGM FINANCIAL INC.</name>
        <lei>254900RYHLVJNTUFDA95</lei>
        <title>IGM FINANCIAL INC</title>
        <cusip>449586106</cusip>
        <identifiers>
          <isin value="CA4495861060"/>
          <other otherDesc="Internal" value="2469375"/>
        </identifiers>
        <balance>38264.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.41810000"/>
        <valUSD>2136480.87000000</valUSD>
        <pctVal>0.660705676989</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>REXEL SA</name>
        <lei>969500N6AVPA51648T62</lei>
        <title>REXEL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010451203"/>
          <other otherDesc="Internal" value="B1VP0K0"/>
        </identifiers>
        <balance>44072.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1923967.60000000</valUSD>
        <pctVal>0.594986050899</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>TOYOTA TSUSHO CORPORATION</name>
        <lei>549300CEE2ENIUJNXB84</lei>
        <title>TOYOTA TSUSHO CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3635000007"/>
          <other otherDesc="Internal" value="6900580"/>
        </identifiers>
        <balance>27000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>992778.94000000</valUSD>
        <pctVal>0.307016407618</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 CHEM LTD</name>
        <lei>988400IES4EIG7O06940</lei>
        <title>LG CHEM LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7051910008"/>
          <other otherDesc="Internal" value="6346913"/>
        </identifiers>
        <balance>3494.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>631622.44000000</valUSD>
        <pctVal>0.195328934455</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>KAJIMA CORPORATION</name>
        <lei>N/A</lei>
        <title>KAJIMA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3210200006"/>
          <other otherDesc="Internal" value="6481320"/>
        </identifiers>
        <balance>31700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1144928.04000000</valUSD>
        <pctVal>0.354068443295</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>NISSAN MOTOR CO., LTD.</name>
        <lei>353800DRBDH1LUTNAY26</lei>
        <title>NISSAN MOTOR CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3672400003"/>
          <other otherDesc="Internal" value="6642860"/>
        </identifiers>
        <balance>497500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>918009.60000000</valUSD>
        <pctVal>0.283894025342</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="523975.92000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>voestalpine AG</name>
        <lei>529900ZAXBMQDIWPNB72</lei>
        <title>VOESTALPINE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000937503"/>
          <other otherDesc="Internal" value="4943402"/>
        </identifiers>
        <balance>24521.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1144147.11000000</valUSD>
        <pctVal>0.353826941070</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>BRIDGESTONE CORPORATION</name>
        <lei>549300DHPOF90OYYD780</lei>
        <title>BRIDGESTONE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3830800003"/>
          <other otherDesc="Internal" value="6132101"/>
        </identifiers>
        <balance>98800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>2072259.81000000</valUSD>
        <pctVal>0.640845345207</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1866680.89000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Kansai Electric Power Company, Incorporated</name>
        <lei>353800PFUKP5ONPJNZ86</lei>
        <title>KANSAI ELECTRIC POWER COMPANY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3228600007"/>
          <other otherDesc="Internal" value="6483489"/>
        </identifiers>
        <balance>106000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1490115.64000000</valUSD>
        <pctVal>0.460817541847</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 HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7071050009"/>
          <other otherDesc="Internal" value="6654586"/>
        </identifiers>
        <balance>5167.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>737237.39000000</valUSD>
        <pctVal>0.227990306724</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>KIA CORPORATION</name>
        <lei>988400V8MJK9N7OI5X76</lei>
        <title>KIA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7000270009"/>
          <other otherDesc="Internal" value="6490928"/>
        </identifiers>
        <balance>8763.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>780743.75000000</valUSD>
        <pctVal>0.241444627537</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>LG ELECTRONICS INC.</name>
        <lei>988400RMQFTGZIOG0609</lei>
        <title>LG ELECTRONICS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7066570003"/>
          <other otherDesc="Internal" value="6520739"/>
        </identifiers>
        <balance>3463.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>453863.39000000</valUSD>
        <pctVal>0.140357034112</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>Hyosung Heavy Industries Corporation</name>
        <lei>988400IDLF9EQ95M0928</lei>
        <title>HYOSUNG HEAVY INDUSTRIES CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7298040007"/>
          <other otherDesc="Internal" value="BD83175"/>
        </identifiers>
        <balance>332.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>736920.40000000</valUSD>
        <pctVal>0.227892277719</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>TAISEI CORPORATION</name>
        <lei>529900TF7XJKIOWMLQ79</lei>
        <title>TAISEI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3443600006"/>
          <other otherDesc="Internal" value="6870100"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1051789.89000000</valUSD>
        <pctVal>0.325265515399</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>OVERSEA-CHINESE BANKING CORPORATION LIMITED</name>
        <lei>5493007O3QFXCPOGWK22</lei>
        <title>OVERSEA CHINESE BANKING CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1S04926220"/>
          <other otherDesc="Internal" value="B0F9V20"/>
        </identifiers>
        <balance>187300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29340000"/>
        <valUSD>3589892.53000000</valUSD>
        <pctVal>1.110172530752</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>CENTRICA PLC</name>
        <lei>E26EDV109X6EEPBKVH76</lei>
        <title>CENTRICA PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B033F229"/>
          <other otherDesc="Internal" value="B033F22"/>
        </identifiers>
        <balance>806311.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75403000"/>
        <valUSD>1826959.59000000</valUSD>
        <pctVal>0.564986370667</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>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0031348658"/>
          <other otherDesc="Internal" value="3134865"/>
        </identifiers>
        <balance>276821.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75403000"/>
        <valUSD>1859840.05000000</valUSD>
        <pctVal>0.575154637039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bayer Aktiengesellschaft</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>BAYER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000BAY0017"/>
          <other otherDesc="Internal" value="5069211"/>
        </identifiers>
        <balance>31236.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1727620.92000000</valUSD>
        <pctVal>0.534265934957</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>The Swatch Group AG</name>
        <lei>529900NTES2LEON1JZ55</lei>
        <title>SWATCH GROUP AG THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0012255151"/>
          <other otherDesc="Internal" value="7184725"/>
        </identifiers>
        <balance>5345.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.80780000"/>
        <valUSD>1307467.19000000</valUSD>
        <pctVal>0.404333596916</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="644311.47000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF IRELAND GROUP PUBLIC LIMITED COMPANY</name>
        <lei>635400C8EK6DRI12LJ39</lei>
        <title>BANK OF IRELAND GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BD1RP616"/>
          <other otherDesc="Internal" value="BD1RP61"/>
        </identifiers>
        <balance>94954.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1890357.78000000</valUSD>
        <pctVal>0.584592230300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SK TELECOM CO., LTD.</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK TELECOM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7017670001"/>
          <other otherDesc="Internal" value="6224871"/>
        </identifiers>
        <balance>17679.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>1008989.35000000</valUSD>
        <pctVal>0.312029469080</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>Takeda Pharmaceutical Company Limited</name>
        <lei>549300ZLMVP4X0OGR454</lei>
        <title>TAKEDA PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3463000004"/>
          <other otherDesc="Internal" value="6870445"/>
        </identifiers>
        <balance>73900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>2343181.82000000</valUSD>
        <pctVal>0.724627845926</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>TOKYO GAS CO.,LTD.</name>
        <lei>353800678EIJLOQSWZ83</lei>
        <title>TOKYO GAS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3573000001"/>
          <other otherDesc="Internal" value="6895448"/>
        </identifiers>
        <balance>40200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1513496.12000000</valUSD>
        <pctVal>0.468047943993</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>ISUZU MOTORS LIMITED</name>
        <lei>529900C0QSXVCC7AR494</lei>
        <title>ISUZU MOTORS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3137200006"/>
          <other otherDesc="Internal" value="6467104"/>
        </identifiers>
        <balance>95200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1259242.22000000</valUSD>
        <pctVal>0.389420048239</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>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO GROUP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0011540547"/>
          <other otherDesc="Internal" value="BYQP136"/>
        </identifiers>
        <balance>47828.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2031653.14000000</valUSD>
        <pctVal>0.628287752125</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>Fresenius Medical Care AG</name>
        <lei>549300CP8NY40UP89Q40</lei>
        <title>FRESENIUS MEDICAL CARE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005785802"/>
          <other otherDesc="Internal" value="5129074"/>
        </identifiers>
        <balance>42275.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1912655.52000000</valUSD>
        <pctVal>0.591487795623</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1713958.46000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIRAE ASSET SECURITIES CO.,LTD.</name>
        <lei>98840072S6T63E2V1291</lei>
        <title>MIRAE ASSET SECURITIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7006800007"/>
          <other otherDesc="Internal" value="6249658"/>
        </identifiers>
        <balance>16522.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>456011.04000000</valUSD>
        <pctVal>0.141021193837</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>SUMITOMO CORPORATION</name>
        <lei>V82KK8NH1P0JS71FJC05</lei>
        <title>SUMITOMO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3404600003"/>
          <other otherDesc="Internal" value="6858946"/>
        </identifiers>
        <balance>109700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1045179.60000000</valUSD>
        <pctVal>0.323221286410</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>ANA HOLDINGS INC.</name>
        <lei>5493008IRKIY0G3TE305</lei>
        <title>ANA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3429800000"/>
          <other otherDesc="Internal" value="6014908"/>
        </identifiers>
        <balance>102700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1874853.00000000</valUSD>
        <pctVal>0.579797384574</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>Deutsche Lufthansa Aktiengesellschaft</name>
        <lei>529900PH63HYJ86ASW55</lei>
        <title>DEUTSCHE LUFTHANSA AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0008232125"/>
          <other otherDesc="Internal" value="5287488"/>
        </identifiers>
        <balance>129771.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1484122.28000000</valUSD>
        <pctVal>0.458964098163</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>Hana Financial Group Inc.</name>
        <lei>N/A</lei>
        <title>HANA FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7086790003"/>
          <other otherDesc="Internal" value="B0RNRF5"/>
        </identifiers>
        <balance>19125.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>1415020.34000000</valUSD>
        <pctVal>0.437594356598</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>HD KOREA SHIPBUILDING &amp; OFFSHORE ENGINEERING CO., LTD.</name>
        <lei>988400DPTJ9KH5R6W540</lei>
        <title>HD KOREA SHIPBUILDING OFFSHORE ENGINEERING CO LT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7009540006"/>
          <other otherDesc="Internal" value="6446620"/>
        </identifiers>
        <balance>3767.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>851216.99000000</valUSD>
        <pctVal>0.263238442964</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>SAMSUNG ELECTRO-MECHANICS CO.,LTD</name>
        <lei>N/A</lei>
        <title>SAMSUNG ELECTRO MECHANICS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7009150004"/>
          <other otherDesc="Internal" value="6771689"/>
        </identifiers>
        <balance>514.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>724756.92000000</valUSD>
        <pctVal>0.224130727405</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>CARREFOUR SA</name>
        <lei>549300B8P6MUJ1YWTS08</lei>
        <title>CARREFOUR SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000120172"/>
          <other otherDesc="Internal" value="5641567"/>
        </identifiers>
        <balance>134725.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2501263.90000000</valUSD>
        <pctVal>0.773514652802</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>NIPPON STEEL CORPORATION</name>
        <lei>35380065QWQ4U2V3PA33</lei>
        <title>NIPPON STEEL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3381000003"/>
          <other otherDesc="Internal" value="6642569"/>
        </identifiers>
        <balance>541500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1785571.10000000</valUSD>
        <pctVal>0.552187000128</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>RIO TINTO LIMITED</name>
        <lei>529900X2VMAQT2PE0V24</lei>
        <title>RIO TINTO LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000RIO1"/>
          <other otherDesc="Internal" value="6220103"/>
        </identifiers>
        <balance>13991.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44467000"/>
        <valUSD>1670684.25000000</valUSD>
        <pctVal>0.516658297264</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>GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND</name>
        <lei>N/A</lei>
        <title>GLDMN SCHS FIN SQ GV-FST</title>
        <cusip>38141W273</cusip>
        <identifiers>
          <isin value="US38141W2733"/>
        </identifiers>
        <balance>3467579.08000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3467579.08000000</valUSD>
        <pctVal>1.072347155425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="3467579.08000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOC HONG KONG (HOLDINGS) LIMITED</name>
        <lei>254900JB98W77JDJMW15</lei>
        <title>BOC HONG KONG HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK2388011192"/>
          <other otherDesc="Internal" value="6536112"/>
        </identifiers>
        <balance>427284.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84260000"/>
        <valUSD>2308965.89000000</valUSD>
        <pctVal>0.714046586102</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>THE BANK OF NOVA SCOTIA</name>
        <lei>L3I9ZG2KFGXZ61BMYR72</lei>
        <title>BANK OF NOVA SCOTIA</title>
        <cusip>064149107</cusip>
        <identifiers>
          <isin value="CA0641491075"/>
          <other otherDesc="Internal" value="2076281"/>
        </identifiers>
        <balance>44058.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.41810000"/>
        <valUSD>3829793.15000000</valUSD>
        <pctVal>1.184361681599</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>INDUSTRIAL BANK OF KOREA</name>
        <lei>988400RBIWE3YA18PK12</lei>
        <title>INDUSTRIAL BANK OF KOREA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7024110009"/>
          <other otherDesc="Internal" value="6462972"/>
        </identifiers>
        <balance>129798.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>1667622.31000000</valUSD>
        <pctVal>0.515711393798</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="non-U.S. government agency" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fresenius SE &amp; Co. KGaA</name>
        <lei>XDFJ0CYCOO1FXRFTQS51</lei>
        <title>FRESENIUS SE CO KGAA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005785604"/>
          <other otherDesc="Internal" value="4352097"/>
        </identifiers>
        <balance>53358.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2436641.56000000</valUSD>
        <pctVal>0.753530225374</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>MTR CORPORATION LIMITED</name>
        <lei>254900IH4U9NHH9AQM97</lei>
        <title>MTR CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0066009694"/>
          <other otherDesc="Internal" value="6290054"/>
        </identifiers>
        <balance>648500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84260000"/>
        <valUSD>2522027.13000000</valUSD>
        <pctVal>0.779935671650</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>Banco Comercial Portugues, S.A.</name>
        <lei>JU1U6S0DG9YLT7N8ZV32</lei>
        <title>BANCO COMERCIAL PORTUGUES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PTBCP0AM0015"/>
          <other otherDesc="Internal" value="BZCNN35"/>
        </identifiers>
        <balance>1817311.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2148956.20000000</valUSD>
        <pctVal>0.664563666765</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLENCORE PLC</name>
        <lei>2138002658CPO9NBH955</lei>
        <title>GLENCORE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00B4T3BW64"/>
          <other otherDesc="Internal" value="B4T3BW6"/>
        </identifiers>
        <balance>233851.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75403000"/>
        <valUSD>1593472.99000000</valUSD>
        <pctVal>0.492780752407</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>STANDARD CHARTERED PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>STANDARD CHARTERED PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004082847"/>
          <other otherDesc="Internal" value="0408284"/>
        </identifiers>
        <balance>65182.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75403000"/>
        <valUSD>1764339.11000000</valUSD>
        <pctVal>0.545621017477</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>HONDA MOTOR CO., LTD.</name>
        <lei>549300P7ZYCQJ36CCS16</lei>
        <title>HONDA MOTOR CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3854600008"/>
          <other otherDesc="Internal" value="6435145"/>
        </identifiers>
        <balance>175500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1597613.48000000</valUSD>
        <pctVal>0.494061196939</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>JX Advanced Metals Corporation</name>
        <lei>353800NC6NPNKC4JEC58</lei>
        <title>JX ADVANCED METALS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3379550001"/>
          <other otherDesc="Internal" value="6543770"/>
        </identifiers>
        <balance>26200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>708744.00000000</valUSD>
        <pctVal>0.219178739630</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>SK Square Co., Ltd.</name>
        <lei>988400SX6QGRCASSFD87</lei>
        <title>SK SQUARE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7402340004"/>
          <other otherDesc="Internal" value="BMG3GS6"/>
        </identifiers>
        <balance>823.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>901692.17000000</valUSD>
        <pctVal>0.278847867996</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>KT CORPORATION</name>
        <lei>9884005ACF8449EANY26</lei>
        <title>KT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7030200000"/>
          <other otherDesc="Internal" value="6505316"/>
        </identifiers>
        <balance>37597.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>1284060.49000000</valUSD>
        <pctVal>0.397095086248</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</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7012330007"/>
          <other otherDesc="Internal" value="6449544"/>
        </identifiers>
        <balance>1477.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>476789.98000000</valUSD>
        <pctVal>0.147447070994</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>SWIRE PACIFIC LIMITED</name>
        <lei>549300KZOZHII0DGF611</lei>
        <title>SWIRE PACIFIC LTD CL A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0019000162"/>
          <other otherDesc="Internal" value="6867748"/>
        </identifiers>
        <balance>233352.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84260000"/>
        <valUSD>2430935.97000000</valUSD>
        <pctVal>0.751765774423</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>GEELY AUTOMOBILE HOLDINGS LIMITED</name>
        <lei>549300YS3T1KVQ2SNI84</lei>
        <title>GEELY AUTOMOBILE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG3777B1032"/>
          <other otherDesc="Internal" value="6531827"/>
        </identifiers>
        <balance>594000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84260000"/>
        <valUSD>1276979.57000000</valUSD>
        <pctVal>0.394905315158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Panasonic Holdings Corporation</name>
        <lei>254900GE1G59KGWPHX32</lei>
        <title>PANASONIC HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3866800000"/>
          <other otherDesc="Internal" value="6572707"/>
        </identifiers>
        <balance>48100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1331936.28000000</valUSD>
        <pctVal>0.411900651178</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>BOUYGUES SA</name>
        <lei>969500MOCLNQFNZN0D63</lei>
        <title>BOUYGUES</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000120503"/>
          <other otherDesc="Internal" value="4002121"/>
        </identifiers>
        <balance>39976.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2229287.60000000</valUSD>
        <pctVal>0.689406113409</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>HYUNDAI MOTOR COMPANY</name>
        <lei>9884004RQX8PRBXQ8S60</lei>
        <title>HYUNDAI MOTOR CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005380001"/>
          <other otherDesc="Internal" value="6451055"/>
        </identifiers>
        <balance>1590.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>508134.81000000</valUSD>
        <pctVal>0.157140444530</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>Central Japan Railway Company</name>
        <lei>353800YAR3OVUITHTG64</lei>
        <title>CENTRAL JAPAN RAILWAY CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3566800003"/>
          <other otherDesc="Internal" value="6183552"/>
        </identifiers>
        <balance>77100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1645097.18000000</valUSD>
        <pctVal>0.508745508226</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>Hulic Co.,Ltd.</name>
        <lei>3538002E12E7IHAKTB10</lei>
        <title>HULIC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3360800001"/>
          <other otherDesc="Internal" value="6805317"/>
        </identifiers>
        <balance>196900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>2055230.04000000</valUSD>
        <pctVal>0.635578897061</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>ENI S.P.A.</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>ENI SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003132476"/>
          <other otherDesc="Internal" value="7145056"/>
        </identifiers>
        <balance>78007.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1837723.61000000</valUSD>
        <pctVal>0.568315138653</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>SHINHAN FINANCIAL GROUP CO.,LTD</name>
        <lei>988400EB8A6G49E5KO54</lei>
        <title>SHINHAN FINANCIAL GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7055550008"/>
          <other otherDesc="Internal" value="6397502"/>
        </identifiers>
        <balance>25271.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>1563020.08000000</valUSD>
        <pctVal>0.483363204700</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>HSBC US GOVERNMENT MONEY MARKET FUND</name>
        <lei>N/A</lei>
        <title>HSBC US GOVT MMKT-I</title>
        <cusip>40428X107</cusip>
        <identifiers>
          <isin value="US40428X1072"/>
        </identifiers>
        <balance>3467579.08000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3467579.08000000</valUSD>
        <pctVal>1.072347155425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="3467579.08000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BOLLORE SE</name>
        <lei>969500LEKCHH6VV86P94</lei>
        <title>BOLLORE SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000039299"/>
          <other otherDesc="Internal" value="4572709"/>
        </identifiers>
        <balance>532614.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2468132.55000000</valUSD>
        <pctVal>0.763268798819</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>CREDIT AGRICOLE SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>CREDIT AGRICOLE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000045072"/>
          <other otherDesc="Internal" value="7262610"/>
        </identifiers>
        <balance>119113.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2394453.41000000</valUSD>
        <pctVal>0.740483560366</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>OBAYASHI CORPORATION</name>
        <lei>529900YT4O5S0LCXWD54</lei>
        <title>OBAYASHI CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3190000004"/>
          <other otherDesc="Internal" value="6656407"/>
        </identifiers>
        <balance>66900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1340222.04000000</valUSD>
        <pctVal>0.414463018456</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>HONGKONG LAND HOLDINGS LIMITED</name>
        <lei>213800XCHYNRPAYGXW28</lei>
        <title>HONGKONG LAND HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG4587L1090"/>
          <other otherDesc="Internal" value="6434915"/>
        </identifiers>
        <balance>208300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1483096.00000000</valUSD>
        <pctVal>0.458646721568</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>MINI MSCI EAFE INDEX FUTURE SEP26</name>
        <lei>N/A</lei>
        <title>MINI MSCI EAFE INDEX FUTURE SEP26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MFSU26"/>
          <other otherDesc="Internal" value="MFSU6"/>
        </identifiers>
        <balance>17.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-20332.06000000</valUSD>
        <pctVal>-0.00628767973</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Index Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE FUTURES U.S.</counterpartyName>
              <counterpartyLei>5493004R83R1LVX2IL36</counterpartyLei>
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      <invstOrSec>
        <name>Fujikura Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mitsubishi Corporation</name>
        <lei>KVIPTY4PULAPGC1VVD26</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ACS, Actividades de Construccion y Servicios, S.A.</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Mitsubishi Chemical Group Corporation</name>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STMicroelectronics N.V.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AISIN CORPORATION</name>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>KOREAN WON</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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        <name>HONG KONG DOLLAR</name>
        <lei>N/A</lei>
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        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
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        <name>JAPAN POST BANK Co.,Ltd.</name>
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        <title>JAPAN POST BANK CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3946750001"/>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SUN HUNG KAI PROPERTIES LIMITED</name>
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        <title>SUN HUNG KAI PROPERTIES LTD</title>
        <cusip>N/A</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SBI Holdings, Inc.</name>
        <lei>353800L6LMHYIPSMRQ17</lei>
        <title>SBI HOLDINGS INC JAPAN</title>
        <cusip>N/A</cusip>
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          <isin value="JP3436120004"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Otsuka Holdings Co., Ltd.</name>
        <lei>N/A</lei>
        <title>OTSUKA HOLDINGS CO LTD</title>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>KT&amp;G Corporation</name>
        <lei>988400ZJV6ISYBLQX875</lei>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BT GROUP PLC</name>
        <lei>213800LRO7NS5CYQMN21</lei>
        <title>BT GROUP PLC</title>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>RIO TINTO PLC</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>RIO TINTO PLC</title>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Woori Financial Group Inc.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>JYSKE BANK A/S</name>
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        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Kawasaki Kisen Kaisha, Ltd.</name>
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        <title>KAWASAKI KISEN KAISHA LTD</title>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Banco Santander, S.A.</name>
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        <name>POWER CORPORATION OF CANADA</name>
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        <title>POWER CORP OF CANADA</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Niterra Co., Ltd.</name>
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        <title>NITERRA CO LTD</title>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SOCIETE GENERALE SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SOCIETE GENERALE</title>
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        <pctVal>0.487105361977</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>Investor Aktiebolag</name>
        <lei>549300VEBQPHRZBKUX38</lei>
        <title>INVESTOR AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015811963"/>
          <other otherDesc="Internal" value="BMV7PQ4"/>
        </identifiers>
        <balance>70452.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.69410000"/>
        <valUSD>2925537.45000000</valUSD>
        <pctVal>0.904721043188</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>Dai Nippon Printing Co., Ltd.</name>
        <lei>529900S7NFNQ4FT6OP83</lei>
        <title>DAI NIPPON PRINTING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3493800001"/>
          <other otherDesc="Internal" value="6250906"/>
        </identifiers>
        <balance>86600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1575078.12000000</valUSD>
        <pctVal>0.487092147745</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>INVESCO GOVERNMENT &amp; AGENCY PORTFOLIO</name>
        <lei>N/A</lei>
        <title>INVESCO GVT &amp; AGNCY-INST</title>
        <cusip>825252885</cusip>
        <identifiers>
          <isin value="US8252528851"/>
        </identifiers>
        <balance>3467579.08000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3467579.08000000</valUSD>
        <pctVal>1.072347155425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="3467579.08000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAGNA INTERNATIONAL INC.</name>
        <lei>95RWVLFZX6VGDZNNTN43</lei>
        <title>MAGNA INTERNATIONAL INC</title>
        <cusip>559222401</cusip>
        <identifiers>
          <isin value="CA5592224011"/>
          <other otherDesc="Internal" value="2554475"/>
        </identifiers>
        <balance>21647.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.41810000"/>
        <valUSD>1423594.40000000</valUSD>
        <pctVal>0.440245880511</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>ArcelorMittal SA</name>
        <lei>2EULGUTUI56JI9SAL165</lei>
        <title>ARCELORMITTAL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU1598757687"/>
          <other otherDesc="Internal" value="BYPBS67"/>
        </identifiers>
        <balance>17872.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1076072.98000000</valUSD>
        <pctVal>0.332775049252</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>EIFFAGE SA</name>
        <lei>969500OQXKE5WDM9M994</lei>
        <title>EIFFAGE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000130452"/>
          <other otherDesc="Internal" value="B13X013"/>
        </identifiers>
        <balance>15504.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2286798.82000000</valUSD>
        <pctVal>0.707191430413</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>THE TORONTO-DOMINION BANK</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TORONTO DOMINION BANK</title>
        <cusip>891160509</cusip>
        <identifiers>
          <isin value="CA8911605092"/>
          <other otherDesc="Internal" value="2897222"/>
        </identifiers>
        <balance>30952.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.41810000"/>
        <valUSD>3763742.25000000</valUSD>
        <pctVal>1.163935472681</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>AIB GROUP PUBLIC LIMITED COMPANY</name>
        <lei>635400AKJBGNS5WNQL34</lei>
        <title>AIB GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BF0L3536"/>
          <other otherDesc="Internal" value="BF0L353"/>
        </identifiers>
        <balance>165796.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1946318.16000000</valUSD>
        <pctVal>0.601897950782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GSK PLC</name>
        <lei>5493000HZTVUYLO1D793</lei>
        <title>GSK PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BN7SWP63"/>
          <other otherDesc="Internal" value="BN7SWP6"/>
        </identifiers>
        <balance>83015.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75403000"/>
        <valUSD>2180983.71000000</valUSD>
        <pctVal>0.674468158761</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>RWE Aktiengesellschaft</name>
        <lei>529900GB7KCA94ACC940</lei>
        <title>RWE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007037129"/>
          <other otherDesc="Internal" value="4768962"/>
        </identifiers>
        <balance>31482.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2036526.83000000</valUSD>
        <pctVal>0.629794938403</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>Kioxia Holdings Corporation</name>
        <lei>35380080RTKRARNH4R73</lei>
        <title>KIOXIA HOLDINGS CORP</title>
        <cusip>J3343A107</cusip>
        <identifiers>
          <isin value="JP3236330001"/>
          <other otherDesc="Internal" value="BMGYJ02"/>
        </identifiers>
        <balance>1500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>827408.05000000</valUSD>
        <pctVal>0.255875539770</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>Unicaja Banco, S.A.</name>
        <lei>5493007SJLLCTM6J6M37</lei>
        <title>UNICAJA BANCO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0180907000"/>
          <other otherDesc="Internal" value="BH4H4H0"/>
        </identifiers>
        <balance>607550.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2164293.19000000</valUSD>
        <pctVal>0.669306623513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACKERMANS &amp; VAN HAAREN NV</name>
        <lei>5493005E2GHATS0Z6J59</lei>
        <title>ACKERMANS VAN HAAREN NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003764785"/>
          <other otherDesc="Internal" value="5715774"/>
        </identifiers>
        <balance>7542.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2462672.78000000</valUSD>
        <pctVal>0.761580367584</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>VERBUND AG</name>
        <lei>5299006UDSEJCTTEJS30</lei>
        <title>VERBUND AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000746409"/>
          <other otherDesc="Internal" value="4661607"/>
        </identifiers>
        <balance>28307.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1798152.80000000</valUSD>
        <pctVal>0.556077884775</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>YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.</name>
        <lei>254900Z3JEM14YIGLM66</lei>
        <title>YANGZIJIANG SHIPBUILDING HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1U76934819"/>
          <other otherDesc="Internal" value="B1VT035"/>
        </identifiers>
        <balance>561100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.29340000"/>
        <valUSD>1483657.03000000</valUSD>
        <pctVal>0.458820219825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aurubis AG</name>
        <lei>5299005SHIN9ZK7GW242</lei>
        <title>AURUBIS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006766504"/>
          <other otherDesc="Internal" value="5485527"/>
        </identifiers>
        <balance>5446.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1127440.90000000</valUSD>
        <pctVal>0.348660553698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="999005.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsui O.S.K. Lines, Ltd.</name>
        <lei>353800P8O843TMAZ6S09</lei>
        <title>MITSUI OSK LINES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3362700001"/>
          <other otherDesc="Internal" value="6597584"/>
        </identifiers>
        <balance>46300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1484573.13000000</valUSD>
        <pctVal>0.459103523307</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>CaixaBank, S.A.</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
        <title>CAIXABANK SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0140609019"/>
          <other otherDesc="Internal" value="B283W97"/>
        </identifiers>
        <balance>153666.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2174361.52000000</valUSD>
        <pctVal>0.672420249702</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>
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      </invstOrSec>
      <invstOrSec>
        <name>FUJIFILM Holdings Corporation</name>
        <lei>529900UBKMFM0ST6H474</lei>
        <title>FUJIFILM HOLDINGS CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3814000000"/>
          <other otherDesc="Internal" value="6356525"/>
        </identifiers>
        <balance>87700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1878823.35000000</valUSD>
        <pctVal>0.581025213394</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>IPSEN SA</name>
        <lei>549300M6SGDPB4Z94P11</lei>
        <title>IPSEN SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010259150"/>
          <other otherDesc="Internal" value="B0R7JF1"/>
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        <balance>10533.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2031339.36000000</valUSD>
        <pctVal>0.628190715811</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>International Consolidated Airlines Group, S.A.</name>
        <lei>959800TZHQRUSH1ESL13</lei>
        <title>INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0177542018"/>
          <other otherDesc="Internal" value="B5M6XQ7"/>
        </identifiers>
        <balance>241625.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75403000"/>
        <valUSD>1530123.97000000</valUSD>
        <pctVal>0.473190098573</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>MMG Limited</name>
        <lei>529900XB5IQXFMSWEC48</lei>
        <title>MMG LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK1208013172"/>
          <other otherDesc="Internal" value="6728793"/>
        </identifiers>
        <balance>784000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84260000"/>
        <valUSD>693769.92000000</valUSD>
        <pctVal>0.214548012624</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>CANADIAN IMPERIAL BANK OF COMMERCE</name>
        <lei>2IGI19DL77OX0HC3ZE78</lei>
        <title>CANADIAN IMPERIAL BANK OF COMM</title>
        <cusip>136069101</cusip>
        <identifiers>
          <isin value="CA1360691010"/>
          <other otherDesc="Internal" value="2170525"/>
        </identifiers>
        <balance>25602.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.41810000"/>
        <valUSD>2948535.82000000</valUSD>
        <pctVal>0.911833278001</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>HOCHTIEF Aktiengesellschaft</name>
        <lei>529900Y25S8NZIYTT924</lei>
        <title>HOCHTIEF AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006070006"/>
          <other otherDesc="Internal" value="5108664"/>
        </identifiers>
        <balance>2019.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1169505.41000000</valUSD>
        <pctVal>0.361668983095</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>KYOCERA CORPORATION</name>
        <lei>N/A</lei>
        <title>KYOCERA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3249600002"/>
          <other otherDesc="Internal" value="6499260"/>
        </identifiers>
        <balance>70800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1550736.87000000</valUSD>
        <pctVal>0.479564627941</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>NATIONAL BANK OF CANADA</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
        <title>NATIONAL BANK OF CANADA</title>
        <cusip>633067103</cusip>
        <identifiers>
          <isin value="CA6330671034"/>
          <other otherDesc="Internal" value="2077303"/>
        </identifiers>
        <balance>21073.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.41810000"/>
        <valUSD>3327307.97000000</valUSD>
        <pctVal>1.028968382417</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>OMV Aktiengesellschaft</name>
        <lei>549300V62YJ9HTLRI486</lei>
        <title>OMV AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000743059"/>
          <other otherDesc="Internal" value="4651459"/>
        </identifiers>
        <balance>33482.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2109671.64000000</valUSD>
        <pctVal>0.652414935562</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>Acciona, S.A.</name>
        <lei>54930002KP75TLLLNO21</lei>
        <title>ACCIONA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0125220311"/>
          <other otherDesc="Internal" value="5579107"/>
        </identifiers>
        <balance>5263.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1666804.07000000</valUSD>
        <pctVal>0.515458353473</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1143184.36000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LY Corporation</name>
        <lei>52990078MD2OL792YM35</lei>
        <title>LY CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3933800009"/>
          <other otherDesc="Internal" value="6084848"/>
        </identifiers>
        <balance>622400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1660703.16000000</valUSD>
        <pctVal>0.513571650003</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>BNP PARIBAS SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP PARIBAS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000131104"/>
          <other otherDesc="Internal" value="7309681"/>
        </identifiers>
        <balance>16849.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1966201.13000000</valUSD>
        <pctVal>0.608046749650</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>JAPANESE YEN</name>
        <lei>N/A</lei>
        <title>JAPANESE YEN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="JPY"/>
        </identifiers>
        <balance>17383770.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>106924.41000000</valUSD>
        <pctVal>0.033066322141</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chubu Electric Power Company, Incorporated</name>
        <lei>529900A76GOP0PGNHT63</lei>
        <title>CHUBU ELECTRIC POWER CO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3526600006"/>
          <other otherDesc="Internal" value="6195609"/>
        </identifiers>
        <balance>87900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1654410.14000000</valUSD>
        <pctVal>0.511625536607</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>SAPUTO INC.</name>
        <lei>549300HH4U1DPY0TBT90</lei>
        <title>SAPUTO INC</title>
        <cusip>802912105</cusip>
        <identifiers>
          <isin value="CA8029121057"/>
          <other otherDesc="Internal" value="2112226"/>
        </identifiers>
        <balance>76109.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.41810000"/>
        <valUSD>2204751.23000000</valUSD>
        <pctVal>0.681818252840</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>POSCO Holdings Inc.</name>
        <lei>988400E5HRVX81AYLM04</lei>
        <title>POSCO HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7005490008"/>
          <other otherDesc="Internal" value="6693233"/>
        </identifiers>
        <balance>3717.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>760726.32000000</valUSD>
        <pctVal>0.235254246980</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>HD HYUNDAI CO.,LTD.</name>
        <lei>N/A</lei>
        <title>HD HYUNDAI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7267250009"/>
          <other otherDesc="Internal" value="BD4HFT1"/>
        </identifiers>
        <balance>5020.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>646581.44000000</valUSD>
        <pctVal>0.199954997979</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>China Taiping Insurance Holdings Company Limited</name>
        <lei>529900C2G37NOIADYW07</lei>
        <title>CHINA TAIPING INSURANCE HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000055878"/>
          <other otherDesc="Internal" value="6264048"/>
        </identifiers>
        <balance>514018.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84260000"/>
        <valUSD>1181062.96000000</valUSD>
        <pctVal>0.365243149850</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>SHIMIZU CORPORATION</name>
        <lei>353800BRAE0QFP3ZLY22</lei>
        <title>SHIMIZU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3358800005"/>
          <other otherDesc="Internal" value="6804400"/>
        </identifiers>
        <balance>64900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1017730.04000000</valUSD>
        <pctVal>0.314732523240</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>China Merchants Port Holdings Company Limited</name>
        <lei>529900GA4UH90FUOR048</lei>
        <title>CHINA MERCHANTS PORT HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0144000764"/>
          <other otherDesc="Internal" value="6416139"/>
        </identifiers>
        <balance>1143590.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84260000"/>
        <valUSD>1799390.58000000</valUSD>
        <pctVal>0.556460667643</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>
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      </invstOrSec>
      <invstOrSec>
        <name>EURO</name>
        <lei>N/A</lei>
        <title>EURO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="EUR"/>
        </identifiers>
        <balance>325914.15000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>372358.42000000</valUSD>
        <pctVal>0.115151661511</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PLS GROUP LIMITED</name>
        <lei>5299000VV1CZVF5K9C16</lei>
        <title>PLS GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000PLS0"/>
          <other otherDesc="Internal" value="B2368L5"/>
        </identifiers>
        <balance>208630.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44467000"/>
        <valUSD>724956.29000000</valUSD>
        <pctVal>0.224192382481</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>HYUNDAI GLOVIS Co., LTD.</name>
        <lei>988400U6RDXNJ5ZRN304</lei>
        <title>HYUNDAI GLOVIS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7086280005"/>
          <other otherDesc="Internal" value="B0V3XR5"/>
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        <balance>5702.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>674050.10000000</valUSD>
        <pctVal>0.208449667815</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>Continental Aktiengesellschaft</name>
        <lei>529900A7YD9C0LLXM621</lei>
        <title>CONTINENTAL AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005439004"/>
          <other otherDesc="Internal" value="4598589"/>
        </identifiers>
        <balance>18872.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1555866.78000000</valUSD>
        <pctVal>0.481151050130</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>Idemitsu Kosan Co.,Ltd.</name>
        <lei>549300P0R46FF6DUA630</lei>
        <title>IDEMITSU KOSAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3142500002"/>
          <other otherDesc="Internal" value="B1FF8P7"/>
        </identifiers>
        <balance>183900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1355100.26000000</valUSD>
        <pctVal>0.419064100803</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>JAPAN TOBACCO INC.</name>
        <lei>353800Z0ENYBQO0XRJ31</lei>
        <title>JAPAN TOBACCO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3726800000"/>
          <other otherDesc="Internal" value="6474535"/>
        </identifiers>
        <balance>55700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>2059714.60000000</valUSD>
        <pctVal>0.636965745074</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>ENGIE SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>ENGIE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010208488"/>
          <other otherDesc="Internal" value="B0C2CQ3"/>
        </identifiers>
        <balance>82114.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>2588373.03000000</valUSD>
        <pctVal>0.800453109176</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 CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3294460005"/>
          <other otherDesc="Internal" value="B10RB15"/>
        </identifiers>
        <balance>54600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1096500.18000000</valUSD>
        <pctVal>0.339092150984</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>Swedbank AB</name>
        <lei>M312WZV08Y7LYUC71685</lei>
        <title>SWEDBANK AB A SHARES</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000242455"/>
          <other otherDesc="Internal" value="4846523"/>
        </identifiers>
        <balance>76274.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.69410000"/>
        <valUSD>2848246.67000000</valUSD>
        <pctVal>0.880818906810</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>CHINA OVERSEAS LAND &amp; INVESTMENT LTD.</name>
        <lei>529900I6W35GYKRIZ151</lei>
        <title>CHINA OVERSEAS LAND INVESTMENT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0688002218"/>
          <other otherDesc="Internal" value="6192150"/>
        </identifiers>
        <balance>885626.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84260000"/>
        <valUSD>1361876.11000000</valUSD>
        <pctVal>0.421159529143</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>Mitsubishi HC Capital Inc.</name>
        <lei>353800MZ3QX9RLMH7B09</lei>
        <title>MITSUBISHI HC CAPITAL INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3499800005"/>
          <other otherDesc="Internal" value="6268976"/>
        </identifiers>
        <balance>274600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>2219365.24000000</valUSD>
        <pctVal>0.686337628373</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>Volvo Car AB</name>
        <lei>5299000EAMGGBEYP7J33</lei>
        <title>VOLVO CAR AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0021628898"/>
          <other otherDesc="Internal" value="BRS7SK7"/>
        </identifiers>
        <balance>308780.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.69410000"/>
        <valUSD>599780.01000000</valUSD>
        <pctVal>0.185481678359</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="525876.76000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERCK Kommanditgesellschaft auf Aktien</name>
        <lei>529900OAREIS0MOPTW25</lei>
        <title>MERCK KGAA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006599905"/>
          <other otherDesc="Internal" value="4741844"/>
        </identifiers>
        <balance>11148.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>1870375.77000000</valUSD>
        <pctVal>0.578412803360</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>MSILF Government Portfolio</name>
        <lei>N/A</lei>
        <title>MSILF GOVERNMENT-INST</title>
        <cusip>61747C707</cusip>
        <identifiers>
          <isin value="US61747C7074"/>
        </identifiers>
        <balance>3467579.08000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3467579.08000000</valUSD>
        <pctVal>1.072347155425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="3467579.08000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsung Life Insurance Co., Ltd.</name>
        <lei>988400VYE6E0WYSM4S92</lei>
        <title>SAMSUNG LIFE INSURANCE CO LT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7032830002"/>
          <other otherDesc="Internal" value="B12C0T9"/>
        </identifiers>
        <balance>3763.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>974215.90000000</valUSD>
        <pctVal>0.301275796465</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>Marubeni Corporation</name>
        <lei>4P4N3ORD02UGQT1T1W12</lei>
        <title>MARUBENI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3877600001"/>
          <other otherDesc="Internal" value="6569464"/>
        </identifiers>
        <balance>39600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1142354.53000000</valUSD>
        <pctVal>0.353272586571</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>NN Group N.V.</name>
        <lei>724500OHYNDT9OY6Q215</lei>
        <title>NN GROUP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0010773842"/>
          <other otherDesc="Internal" value="BNG8PQ9"/>
        </identifiers>
        <balance>36183.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.87527000"/>
        <valUSD>3169066.44000000</valUSD>
        <pctVal>0.980032265706</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>NAVER Corporation</name>
        <lei>988400ULUQYDB2HQYJ61</lei>
        <title>NAVER CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7035420009"/>
          <other otherDesc="Internal" value="6560393"/>
        </identifiers>
        <balance>7082.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1548.90000000"/>
        <valUSD>909883.14000000</valUSD>
        <pctVal>0.281380921512</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>ENEOS Holdings, Inc.</name>
        <lei>3538001KQ5SAOZSQTT44</lei>
        <title>ENEOS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386450005"/>
          <other otherDesc="Internal" value="B627LW9"/>
        </identifiers>
        <balance>169500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1247948.70000000</valUSD>
        <pctVal>0.385927532635</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>JAPAN POST HOLDINGS Co.,Ltd.</name>
        <lei>5299003D9N4JBS256X18</lei>
        <title>JAPAN POST HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3752900005"/>
          <other otherDesc="Internal" value="BYT8143"/>
        </identifiers>
        <balance>132000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="162.58000000"/>
        <valUSD>1761028.42000000</valUSD>
        <pctVal>0.544597188194</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Victory Portfolios II</ncom:nameOfApplicant>
      <ncom:signature>Carol D. Trevino</ncom:signature>
      <ncom:signerName>Carol D. Trevino</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
