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    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001592900</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000090524</seriesId>
        <classId>C000257791</classId>
      </seriesClassInfo>


    </filerInfo>
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      <regFileNumber>811-22961</regFileNumber>
      <regCik>0001592900</regCik>
      <regLei>5493004OW9VWINAYRX18</regLei>
      <regStreet1>3803 West Chester Pike</regStreet1>
      <regStreet2>Suite 150</regStreet2>
      <regCity>Newtown Square</regCity>
      <regStateConditional regCountry="US" regState="US-PA"/>
      <regZipOrPostalCode>19073</regZipOrPostalCode>
      <regPhone>2158829983</regPhone>
      <seriesName>RockCreek Global Equality ETF</seriesName>
      <seriesId>S000090524</seriesId>
      <seriesLei>5299006LNROEPUJSL479</seriesLei>
      <repPdEnd>2026-01-31</repPdEnd>
      <repPdDate>2026-01-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>93268108.49</totAssets>
      <totLiabs>84265.39</totLiabs>
      <netAssets>93183843.10</netAssets>
      <assetsAttrMiscSec>0.00</assetsAttrMiscSec>
      <assetsInvested>0.00</assetsInvested>
      <amtPayOneYrBanksBorr>0.00</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00</amtPayAftOneYrBanksBorr>
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      <amtPayAftOneYrOther>0.00</amtPayAftOneYrOther>
      <delayDeliv>0.00</delayDeliv>
      <standByCommit>0.00</standByCommit>
      <liquidPref>0.00</liquidPref>
      <cshNotRptdInCorD>73.99</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000257791" rtn1="1.41" rtn2="2.35" rtn3="2.47"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="-610.28" netUnrealizedAppr="1266133.48"/>
        <othMon2 netRealizedGain="-220837.97" netUnrealizedAppr="2135971.73"/>
        <othMon3 netRealizedGain="2538118.26" netUnrealizedAppr="-403167.71"/>
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      <mon1Flow redemption="0" reinvestment="0" sales="7036562"/>
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    <invstOrSecs>
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        <name>AMP Ltd</name>
        <lei>N/A</lei>
        <title>AMP Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <units>NS</units>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Redeia Corp SA</name>
        <lei>N/A</lei>
        <title>Redeia Corp SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RED SM"/>
          <other otherDesc="SEDOL" value="BD6FXN3"/>
        </identifiers>
        <balance>25633</balance>
        <units>NS</units>
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        <pctVal>0.48</pctVal>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Telefonica SA</name>
        <lei>549300EEJH4FEPDBBR25</lei>
        <title>Telefonica SA</title>
        <cusip>879382109</cusip>
        <identifiers>
          <ticker value="TEF SM"/>
          <other otherDesc="SEDOL" value="5732524"/>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Endesa SA</name>
        <lei>549300LHK07F2CHV4X31</lei>
        <title>Endesa SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ELE SM"/>
          <other otherDesc="SEDOL" value="5271782"/>
        </identifiers>
        <balance>12565</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
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        <pctVal>0.50</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>AstraZeneca PLC</name>
        <lei>N/A</lei>
        <title>AstraZeneca PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AZN LN"/>
          <other otherDesc="SEDOL" value="0989529"/>
        </identifiers>
        <balance>2450</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>455932.46</valUSD>
        <pctVal>0.49</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>Unilever PLC</name>
        <lei>N/A</lei>
        <title>Unilever PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ULVR LN"/>
          <other otherDesc="SEDOL" value="BVZK7T9"/>
        </identifiers>
        <balance>7205</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
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        <pctVal>0.52</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>BT Group PLC</name>
        <lei>213800LRO7NS5CYQMN21</lei>
        <title>BT Group PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BT/A LN"/>
          <other otherDesc="SEDOL" value="3091357"/>
        </identifiers>
        <balance>188568</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>493732.80</valUSD>
        <pctVal>0.53</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>National Bank of Canada</name>
        <lei>N/A</lei>
        <title>National Bank of Canada</title>
        <cusip>633067103</cusip>
        <identifiers>
          <ticker value="NA CN"/>
          <other otherDesc="SEDOL" value="2077303"/>
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        <balance>3599</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165"/>
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        <pctVal>0.46</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>CANADIAN IMPERIAL BANK OF COMMERCE</name>
        <lei>N/A</lei>
        <title>CANADIAN IMPERIAL BANK OF COMMERCE</title>
        <cusip>136069101</cusip>
        <identifiers>
          <ticker value="CM CN"/>
          <other otherDesc="SEDOL" value="2170525"/>
        </identifiers>
        <balance>4929</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165"/>
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        <pctVal>0.49</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>Merck KGaA</name>
        <lei>N/A</lei>
        <title>Merck KGaA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MRK GR"/>
          <other otherDesc="SEDOL" value="4741844"/>
        </identifiers>
        <balance>3092</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Neoenergia SA</name>
        <lei>959800B3RXPMGEZ1W429</lei>
        <title>Neoenergia SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NEOE3 BZ"/>
          <other otherDesc="SEDOL" value="BF8GMG4"/>
        </identifiers>
        <balance>77556</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275"/>
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        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Avanza Bank Holding AB</name>
        <lei>549300MBWR5H8SIJLE03</lei>
        <title>Avanza Bank Holding AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AZA SS"/>
          <other otherDesc="SEDOL" value="BJXMLF7"/>
        </identifiers>
        <balance>12202</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.9075"/>
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        <pctVal>0.51</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>Protector Forsikring ASA</name>
        <lei>N/A</lei>
        <title>Protector Forsikring ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PROT NO"/>
          <other otherDesc="SEDOL" value="B182K93"/>
        </identifiers>
        <balance>8913</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6305"/>
        <valUSD>484034.99</valUSD>
        <pctVal>0.52</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MTN Group Ltd</name>
        <lei>2549009JD6Q6XHZS5E05</lei>
        <title>MTN Group Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MTN SJ"/>
          <other otherDesc="SEDOL" value="6563206"/>
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        <balance>43560</balance>
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        <currencyConditional curCd="ZAR" exchangeRt="16.15375"/>
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        <pctVal>0.52</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAR Group Ltd</name>
        <lei>N/A</lei>
        <title>CAR Group Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CAR AU"/>
          <other otherDesc="SEDOL" value="BW0BGZ3"/>
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        <balance>22692</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
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        <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>MONY Group PLC</name>
        <lei>N/A</lei>
        <title>MONY Group PLC</title>
        <cusip>N/A</cusip>
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          <ticker value="MONY LN"/>
          <other otherDesc="SEDOL" value="B1ZBKY8"/>
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        <balance>182528</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
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        <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>
        <name>GSK PLC</name>
        <lei>5493000HZTVUYLO1D793</lei>
        <title>GSK PLC</title>
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          <other otherDesc="SEDOL" value="BN7SWP6"/>
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        <balance>17857</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>458513.98</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Australia Bank Ltd</name>
        <lei>N/A</lei>
        <title>National Australia Bank Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
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          <other otherDesc="SEDOL" value="6624608"/>
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        <balance>16360</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>494083.26</valUSD>
        <pctVal>0.53</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>Westpac Banking Corp</name>
        <lei>N/A</lei>
        <title>Westpac Banking Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WBC AU"/>
          <other otherDesc="SEDOL" value="6076146"/>
        </identifiers>
        <balance>17451</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>471740.61</valUSD>
        <pctVal>0.51</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>IPSOS SA</name>
        <lei>N/A</lei>
        <title>IPSOS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IPS FP"/>
          <other otherDesc="SEDOL" value="B188NJ2"/>
        </identifiers>
        <balance>11405</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>484519.52</valUSD>
        <pctVal>0.52</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>Temenos AG</name>
        <lei>N/A</lei>
        <title>Temenos AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TEMN SW"/>
          <other otherDesc="SEDOL" value="7147892"/>
        </identifiers>
        <balance>4431</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.77305"/>
        <valUSD>391771.36</valUSD>
        <pctVal>0.42</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fastighets AB Balder</name>
        <lei>N/A</lei>
        <title>Fastighets AB Balder</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BALDB SS"/>
          <other otherDesc="SEDOL" value="BPMRNZ9"/>
        </identifiers>
        <balance>61984</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.9075"/>
        <valUSD>466506.58</valUSD>
        <pctVal>0.50</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>ORANGE S.A.</name>
        <lei>N/A</lei>
        <title>ORANGE S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ORA FP"/>
          <other otherDesc="SEDOL" value="5176177"/>
        </identifiers>
        <balance>27555</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>510187.05</valUSD>
        <pctVal>0.55</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>Challenger Ltd</name>
        <lei>529900ACCCAOHJ2V3169</lei>
        <title>Challenger Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CGF AU"/>
          <other otherDesc="SEDOL" value="6726300"/>
        </identifiers>
        <balance>71618</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>459313.52</valUSD>
        <pctVal>0.49</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>Novo Nordisk A/S</name>
        <lei>549300DAQ1CVT6CXN342</lei>
        <title>Novo Nordisk A/S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NOVOB DC"/>
          <other otherDesc="SEDOL" value="BP6KMJ1"/>
        </identifiers>
        <balance>7921</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.30035"/>
        <valUSD>464609.99</valUSD>
        <pctVal>0.50</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>ASX Ltd</name>
        <lei>N/A</lei>
        <title>ASX Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ASX AU"/>
          <other otherDesc="SEDOL" value="6129222"/>
        </identifiers>
        <balance>13305</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>530695.37</valUSD>
        <pctVal>0.57</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>Publicis Groupe SA</name>
        <lei>2138004KW8BV57III342</lei>
        <title>Publicis Groupe SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PUB FP"/>
          <other otherDesc="SEDOL" value="4380429"/>
        </identifiers>
        <balance>4412</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>440347.55</valUSD>
        <pctVal>0.47</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>Takeda Pharmaceutical Co Ltd</name>
        <lei>N/A</lei>
        <title>Takeda Pharmaceutical Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="4502 JP"/>
          <other otherDesc="SEDOL" value="6870445"/>
        </identifiers>
        <balance>14483</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76"/>
        <valUSD>490565.30</valUSD>
        <pctVal>0.53</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>Enel SpA</name>
        <lei>N/A</lei>
        <title>Enel SpA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ENEL IM"/>
          <other otherDesc="SEDOL" value="7144569"/>
        </identifiers>
        <balance>43217</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>476824.95</valUSD>
        <pctVal>0.51</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>Henkel AG &amp; Co KGaA</name>
        <lei>N/A</lei>
        <title>Henkel AG &amp; Co KGaA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HEN GR"/>
          <other otherDesc="SEDOL" value="5002465"/>
        </identifiers>
        <balance>5942</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>490570.87</valUSD>
        <pctVal>0.53</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>Qantas Airways Ltd</name>
        <lei>N/A</lei>
        <title>Qantas Airways Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="QAN AU"/>
          <other otherDesc="SEDOL" value="6710347"/>
        </identifiers>
        <balance>64492</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>452233.50</valUSD>
        <pctVal>0.49</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>Puma SE</name>
        <lei>N/A</lei>
        <title>Puma SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PUM GR"/>
          <other otherDesc="SEDOL" value="5064722"/>
        </identifiers>
        <balance>17906</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>459307.80</valUSD>
        <pctVal>0.49</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>UniCredit SpA</name>
        <lei>N/A</lei>
        <title>UniCredit SpA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="UCG IM"/>
          <other otherDesc="SEDOL" value="BYMXPS7"/>
        </identifiers>
        <balance>5425</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>472323.47</valUSD>
        <pctVal>0.51</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>Sage Group PLC/The</name>
        <lei>2138005RN5XYLTF8G138</lei>
        <title>Sage Group PLC/The</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SGE LN"/>
          <other otherDesc="SEDOL" value="B8C3BL0"/>
        </identifiers>
        <balance>31835</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>417055.45</valUSD>
        <pctVal>0.45</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>Bollore SE</name>
        <lei>N/A</lei>
        <title>Bollore SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BOL FP"/>
          <other otherDesc="SEDOL" value="4572709"/>
        </identifiers>
        <balance>80996</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>462186.91</valUSD>
        <pctVal>0.50</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>Intesa Sanpaolo SpA</name>
        <lei>N/A</lei>
        <title>Intesa Sanpaolo SpA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ISP IM"/>
          <other otherDesc="SEDOL" value="4076836"/>
        </identifiers>
        <balance>64162</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>453742.15</valUSD>
        <pctVal>0.49</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>Kinnevik AB</name>
        <lei>2138006PZH76JOS6MN27</lei>
        <title>Kinnevik AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KINVB SS"/>
          <other otherDesc="SEDOL" value="BRDY8X6"/>
        </identifiers>
        <balance>51707</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.9075"/>
        <valUSD>423756.50</valUSD>
        <pctVal>0.45</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>EDP SA</name>
        <lei>N/A</lei>
        <title>EDP SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="EDP PL"/>
          <other otherDesc="SEDOL" value="4103596"/>
        </identifiers>
        <balance>97231</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>497547.77</valUSD>
        <pctVal>0.53</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>Sanofi SA</name>
        <lei>N/A</lei>
        <title>Sanofi SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SAN FP"/>
          <other otherDesc="SEDOL" value="5671735"/>
        </identifiers>
        <balance>4789</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>449591.41</valUSD>
        <pctVal>0.48</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>Thai Beverage PCL</name>
        <lei>N/A</lei>
        <title>Thai Beverage PCL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="THBEV SP"/>
          <other otherDesc="SEDOL" value="B15F664"/>
        </identifiers>
        <balance>1254063</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2721"/>
        <valUSD>473194.12</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</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>N/A</lei>
        <title>Swedbank AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SWEDA SS"/>
          <other otherDesc="SEDOL" value="4846523"/>
        </identifiers>
        <balance>12897</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.9075"/>
        <valUSD>501980.34</valUSD>
        <pctVal>0.54</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>Wal-Mart de Mexico SAB de CV</name>
        <lei>N/A</lei>
        <title>Wal-Mart de Mexico SAB de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WALMEX* MM"/>
          <other otherDesc="SEDOL" value="BW1YVH8"/>
        </identifiers>
        <balance>144598</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.476"/>
        <valUSD>458881.04</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Castellum AB</name>
        <lei>N/A</lei>
        <title>Castellum AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CAST SS"/>
          <other otherDesc="SEDOL" value="B0XP0T0"/>
        </identifiers>
        <balance>39715</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.9075"/>
        <valUSD>490892.11</valUSD>
        <pctVal>0.53</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>HSBC Holdings PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC Holdings PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HSBA LN"/>
          <other otherDesc="SEDOL" value="0540528"/>
        </identifiers>
        <balance>27888</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>490513.75</valUSD>
        <pctVal>0.53</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>Severn Trent PLC</name>
        <lei>N/A</lei>
        <title>Severn Trent PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SVT LN"/>
          <other otherDesc="SEDOL" value="B1FH8J7"/>
        </identifiers>
        <balance>12130</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>485990.07</valUSD>
        <pctVal>0.52</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>Diageo PLC</name>
        <lei>N/A</lei>
        <title>Diageo PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DGE LN"/>
          <other otherDesc="SEDOL" value="0237400"/>
        </identifiers>
        <balance>21090</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>483522.32</valUSD>
        <pctVal>0.52</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>Commonwealth Bank of Australia</name>
        <lei>N/A</lei>
        <title>Commonwealth Bank of Australia</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CBA AU"/>
          <other otherDesc="SEDOL" value="6215035"/>
        </identifiers>
        <balance>4358</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>453261.62</valUSD>
        <pctVal>0.49</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>Banco do Brasil SA</name>
        <lei>N/A</lei>
        <title>Banco do Brasil SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BBAS3 BZ"/>
          <other otherDesc="SEDOL" value="2328595"/>
        </identifiers>
        <balance>112506</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.26275"/>
        <valUSD>537224.03</valUSD>
        <pctVal>0.58</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Woolworths Holdings Ltd/South Africa</name>
        <lei>37890095421E07184E97</lei>
        <title>Woolworths Holdings Ltd/South Africa</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WHL SJ"/>
          <other otherDesc="SEDOL" value="B06KZ97"/>
        </identifiers>
        <balance>134166</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375"/>
        <valUSD>449829.33</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Transurban Group</name>
        <lei>N/A</lei>
        <title>Transurban Group</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TCL AU"/>
          <other otherDesc="SEDOL" value="6200882"/>
        </identifiers>
        <balance>49605</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>481866.88</valUSD>
        <pctVal>0.52</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>Trane Technologies PLC</name>
        <lei>549300BURLR9SLYY2705</lei>
        <title>Trane Technologies PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TT"/>
          <other otherDesc="SEDOL" value="BK9ZQ96"/>
        </identifiers>
        <balance>1198</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>503854.84</valUSD>
        <pctVal>0.54</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>Euronext NV</name>
        <lei>N/A</lei>
        <title>Euronext NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ENX FP"/>
          <other otherDesc="SEDOL" value="BNBNSG0"/>
        </identifiers>
        <balance>3056</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>427085.81</valUSD>
        <pctVal>0.46</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>NN Group NV</name>
        <lei>N/A</lei>
        <title>NN Group NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NN NA"/>
          <other otherDesc="SEDOL" value="BNG8PQ9"/>
        </identifiers>
        <balance>5799</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>459036.81</valUSD>
        <pctVal>0.49</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>UBS Group AG</name>
        <lei>N/A</lei>
        <title>UBS Group AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="UBSG SW"/>
          <other otherDesc="SEDOL" value="BRJL176"/>
        </identifiers>
        <balance>9695</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.77305"/>
        <valUSD>456375.46</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vend Marketplaces ASA</name>
        <lei>N/A</lei>
        <title>Vend Marketplaces ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="VEND NO"/>
          <other otherDesc="SEDOL" value="BWVFKQ3"/>
        </identifiers>
        <balance>16232</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6305"/>
        <valUSD>448674.36</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Covestro AG</name>
        <lei>3912005AWHKLQ1CPLV11</lei>
        <title>Covestro AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="1COV GR"/>
          <other otherDesc="SEDOL" value="BYTBWY9"/>
        </identifiers>
        <balance>6471</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>465287.93</valUSD>
        <pctVal>0.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Italgas SpA</name>
        <lei>N/A</lei>
        <title>Italgas SpA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IG IM"/>
          <other otherDesc="SEDOL" value="BD2Z8S7"/>
        </identifiers>
        <balance>40464</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>484917.61</valUSD>
        <pctVal>0.52</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>Nordea Bank Abp</name>
        <lei>N/A</lei>
        <title>Nordea Bank Abp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NDA FH"/>
          <other otherDesc="SEDOL" value="BFM0SV9"/>
        </identifiers>
        <balance>23614</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>456672.25</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coles Group Ltd</name>
        <lei>549300OHQRG2HN8LZ793</lei>
        <title>Coles Group Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="COL AU"/>
          <other otherDesc="SEDOL" value="BYWR0T5"/>
        </identifiers>
        <balance>33035</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>489523.28</valUSD>
        <pctVal>0.53</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>TeamViewer SE</name>
        <lei>N/A</lei>
        <title>TeamViewer SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TMV GR"/>
          <other otherDesc="SEDOL" value="BJ7WGS1"/>
        </identifiers>
        <balance>68108</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>456943.54</valUSD>
        <pctVal>0.49</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>DNB Bank ASA</name>
        <lei>N/A</lei>
        <title>DNB Bank ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DNB NO"/>
          <other otherDesc="SEDOL" value="BNG7113"/>
        </identifiers>
        <balance>16272</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6305"/>
        <valUSD>467521.15</valUSD>
        <pctVal>0.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Haleon PLC</name>
        <lei>549300PSB3WWEODCUP19</lei>
        <title>Haleon PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HLN LN"/>
          <other otherDesc="SEDOL" value="BMX86B7"/>
        </identifiers>
        <balance>91683</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>475345.01</valUSD>
        <pctVal>0.51</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>ANZ Group Holdings Ltd</name>
        <lei>N/A</lei>
        <title>ANZ Group Holdings Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ANZ AU"/>
          <other otherDesc="SEDOL" value="6065586"/>
        </identifiers>
        <balance>18438</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>471202.18</valUSD>
        <pctVal>0.51</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>Helia Group Ltd</name>
        <lei>N/A</lei>
        <title>Helia Group Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HLI AU"/>
          <other otherDesc="SEDOL" value="BP5HL07"/>
        </identifiers>
        <balance>125049</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>508534.57</valUSD>
        <pctVal>0.55</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>Accenture PLC</name>
        <lei>N/A</lei>
        <title>Accenture PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ACN"/>
          <other otherDesc="SEDOL" value="B4BNMY3"/>
        </identifiers>
        <balance>1655</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>436324.20</valUSD>
        <pctVal>0.47</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>Novanta Inc</name>
        <lei>N/A</lei>
        <title>Novanta Inc</title>
        <cusip>67000B104</cusip>
        <identifiers>
          <ticker value="NOVT"/>
          <other otherDesc="SEDOL" value="BD8S5H8"/>
        </identifiers>
        <balance>3698</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>497528.92</valUSD>
        <pctVal>0.53</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>NNN REIT Inc</name>
        <lei>5493008JKH5SOTI0JS97</lei>
        <title>NNN REIT Inc</title>
        <cusip>637417106</cusip>
        <identifiers>
          <ticker value="NNN"/>
          <other otherDesc="SEDOL" value="2211811"/>
        </identifiers>
        <balance>11507</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>479496.69</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VICI Properties Inc</name>
        <lei>254900RKH6RY9KCJQH63</lei>
        <title>VICI Properties Inc</title>
        <cusip>925652109</cusip>
        <identifiers>
          <ticker value="VICI"/>
          <other otherDesc="SEDOL" value="BYWH073"/>
        </identifiers>
        <balance>16289</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>457395.12</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unibail-Rodamco-Westfield</name>
        <lei>N/A</lei>
        <title>Unibail-Rodamco-Westfield</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="URW FP"/>
          <other otherDesc="SEDOL" value="BF2PQ09"/>
        </identifiers>
        <balance>4176</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>460353.47</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GPT Group/The</name>
        <lei>N/A</lei>
        <title>GPT Group/The</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="GPT AU"/>
          <other otherDesc="SEDOL" value="6365866"/>
        </identifiers>
        <balance>124135</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>457274.87</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stockland</name>
        <lei>N/A</lei>
        <title>Stockland</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SGP AU"/>
          <other otherDesc="SEDOL" value="6850856"/>
        </identifiers>
        <balance>121569</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>456287.98</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Land Securities Group PLC</name>
        <lei>N/A</lei>
        <title>Land Securities Group PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LAND LN"/>
          <other otherDesc="SEDOL" value="BYW0PQ6"/>
        </identifiers>
        <balance>53879</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>479581.42</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Covivio SA/France</name>
        <lei>N/A</lei>
        <title>Covivio SA/France</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="COV FP"/>
          <other otherDesc="SEDOL" value="7745638"/>
        </identifiers>
        <balance>7179</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>457393.94</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mirvac Group</name>
        <lei>N/A</lei>
        <title>Mirvac Group</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MGR AU"/>
          <other otherDesc="SEDOL" value="6161978"/>
        </identifiers>
        <balance>333275</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>464151.92</valUSD>
        <pctVal>0.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand Integrated Commercial Trust</name>
        <lei>N/A</lei>
        <title>CapitaLand Integrated Commercial Trust</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CICT SP"/>
          <other otherDesc="SEDOL" value="6420129"/>
        </identifiers>
        <balance>244999</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2721"/>
        <valUSD>460299.98</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First American Government Obligations Fund</name>
        <lei>549300R5MYM6VZF1RM44</lei>
        <title>First American Government Obligations Fund</title>
        <cusip>31846V336</cusip>
        <identifiers>
          <ticker value="FGXXX"/>
          <other otherDesc="SEDOL" value="BMBR4D4"/>
        </identifiers>
        <balance>289410.27</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>289410.27</valUSD>
        <pctVal>0.31</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Novartis AG</name>
        <lei>N/A</lei>
        <title>Novartis AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NOVN SW"/>
          <other otherDesc="SEDOL" value="7103065"/>
        </identifiers>
        <balance>3338</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.77305"/>
        <valUSD>494924.73</valUSD>
        <pctVal>0.53</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hiscox Ltd</name>
        <lei>N/A</lei>
        <title>Hiscox Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HSX LN"/>
          <other otherDesc="SEDOL" value="BVZHXQ9"/>
        </identifiers>
        <balance>24115</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>489024.92</valUSD>
        <pctVal>0.52</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>National Grid PLC</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>National Grid PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NG/ LN"/>
          <other otherDesc="SEDOL" value="BDR05C0"/>
        </identifiers>
        <balance>29554</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>499232.54</valUSD>
        <pctVal>0.54</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>Deutsche Telekom AG</name>
        <lei>N/A</lei>
        <title>Deutsche Telekom AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="DTE GR"/>
          <other otherDesc="SEDOL" value="5842359"/>
        </identifiers>
        <balance>14111</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>471186.27</valUSD>
        <pctVal>0.51</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>Hera SpA</name>
        <lei>N/A</lei>
        <title>Hera SpA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HER IM"/>
          <other otherDesc="SEDOL" value="7598003"/>
        </identifiers>
        <balance>97016</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>479082.84</valUSD>
        <pctVal>0.51</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>Auckland International Airport Ltd</name>
        <lei>N/A</lei>
        <title>Auckland International Airport Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AIA NZ"/>
          <other otherDesc="SEDOL" value="BKX3XG2"/>
        </identifiers>
        <balance>93967</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.66085"/>
        <valUSD>467331.44</valUSD>
        <pctVal>0.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yara International ASA</name>
        <lei>213800WKOUWXWFJ5Z514</lei>
        <title>Yara International ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="YAR NO"/>
          <other otherDesc="SEDOL" value="7751259"/>
        </identifiers>
        <balance>11049</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6305"/>
        <valUSD>508480.02</valUSD>
        <pctVal>0.55</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bureau Veritas SA</name>
        <lei>N/A</lei>
        <title>Bureau Veritas SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BVI FP"/>
          <other otherDesc="SEDOL" value="B28DTJ6"/>
        </identifiers>
        <balance>14187</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>455730.24</valUSD>
        <pctVal>0.49</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>First Financial Holding Co Ltd</name>
        <lei>N/A</lei>
        <title>First Financial Holding Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="2892 TT"/>
          <other otherDesc="SEDOL" value="6580119"/>
        </identifiers>
        <balance>478656</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.47"/>
        <valUSD>438045.53</valUSD>
        <pctVal>0.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELIA CO AB</name>
        <lei>N/A</lei>
        <title>TELIA CO AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TELIA SS"/>
          <other otherDesc="SEDOL" value="5978384"/>
        </identifiers>
        <balance>105991</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.9075"/>
        <valUSD>482507.44</valUSD>
        <pctVal>0.52</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>Oneness Biotech Co Ltd</name>
        <lei>N/A</lei>
        <title>Oneness Biotech Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="4743 TT"/>
          <other otherDesc="SEDOL" value="B606XG6"/>
        </identifiers>
        <balance>246386</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.47"/>
        <valUSD>515163.61</valUSD>
        <pctVal>0.55</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Queensland Ltd</name>
        <lei>549300WFIN7T02UKDG08</lei>
        <title>Bank of Queensland Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BOQ AU"/>
          <other otherDesc="SEDOL" value="6076243"/>
        </identifiers>
        <balance>102815</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>486131.39</valUSD>
        <pctVal>0.52</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>Aberdeen Group PLC</name>
        <lei>N/A</lei>
        <title>Aberdeen Group PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ABDN LN"/>
          <other otherDesc="SEDOL" value="BF8Q6K6"/>
        </identifiers>
        <balance>159828</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>475453.36</valUSD>
        <pctVal>0.51</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>Experian PLC</name>
        <lei>N/A</lei>
        <title>Experian PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="EXPN LN"/>
          <other otherDesc="SEDOL" value="B19NLV4"/>
        </identifiers>
        <balance>9860</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>372106.02</valUSD>
        <pctVal>0.40</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>Swire Properties Ltd</name>
        <lei>N/A</lei>
        <title>Swire Properties Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="1972 HK"/>
          <other otherDesc="SEDOL" value="B67C2G0"/>
        </identifiers>
        <balance>169332</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8121"/>
        <valUSD>514145.37</valUSD>
        <pctVal>0.55</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>LANXESS AG</name>
        <lei>N/A</lei>
        <title>LANXESS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LXS GR"/>
          <other otherDesc="SEDOL" value="B05M8B7"/>
        </identifiers>
        <balance>22551</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>466721.74</valUSD>
        <pctVal>0.50</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>HUB24 Ltd</name>
        <lei>N/A</lei>
        <title>HUB24 Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="HUB AU"/>
          <other otherDesc="SEDOL" value="BD4T5X1"/>
        </identifiers>
        <balance>7389</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>522199.36</valUSD>
        <pctVal>0.56</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>Moncler SpA</name>
        <lei>815600EBD7FB00525B20</lei>
        <title>Moncler SpA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MONC IM"/>
          <other otherDesc="SEDOL" value="BGLP232"/>
        </identifiers>
        <balance>7163</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>416128.67</valUSD>
        <pctVal>0.45</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>SmartGroup Corp Ltd</name>
        <lei>N/A</lei>
        <title>SmartGroup Corp Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SIQ AU"/>
          <other otherDesc="SEDOL" value="BNB5WS6"/>
        </identifiers>
        <balance>76268</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>447710.57</valUSD>
        <pctVal>0.48</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>Borregaard ASA</name>
        <lei>N/A</lei>
        <title>Borregaard ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BRG NO"/>
          <other otherDesc="SEDOL" value="B8B6WX9"/>
        </identifiers>
        <balance>23336</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6305"/>
        <valUSD>469603.53</valUSD>
        <pctVal>0.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xero Ltd</name>
        <lei>N/A</lei>
        <title>Xero Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XRO AU"/>
          <other otherDesc="SEDOL" value="B8P4LP4"/>
        </identifiers>
        <balance>6267</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>409127.23</valUSD>
        <pctVal>0.44</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corp ACCIONA Energias Renovables SA</name>
        <lei>N/A</lei>
        <title>Corp ACCIONA Energias Renovables SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ANE SM"/>
          <other otherDesc="SEDOL" value="BP7L895"/>
        </identifiers>
        <balance>16586</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>420336.74</valUSD>
        <pctVal>0.45</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>Aena SME SA</name>
        <lei>N/A</lei>
        <title>Aena SME SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AENA SM"/>
          <other otherDesc="SEDOL" value="BTMKJR0"/>
        </identifiers>
        <balance>15998</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>497407.09</valUSD>
        <pctVal>0.53</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>PharmaEssentia Corp</name>
        <lei>N/A</lei>
        <title>PharmaEssentia Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="6446 TT"/>
          <other otherDesc="SEDOL" value="BJTCKZ4"/>
        </identifiers>
        <balance>29128</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="31.47"/>
        <valUSD>712696.54</valUSD>
        <pctVal>0.76</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FinecoBank Banca Fineco SpA</name>
        <lei>N/A</lei>
        <title>FinecoBank Banca Fineco SpA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FBK IM"/>
          <other otherDesc="SEDOL" value="BNGN9Z1"/>
        </identifiers>
        <balance>17116</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>453448.31</valUSD>
        <pctVal>0.49</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>PepsiCo Inc</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PepsiCo Inc</title>
        <cusip>713448108</cusip>
        <identifiers>
          <ticker value="PEP"/>
          <other otherDesc="SEDOL" value="2681511"/>
        </identifiers>
        <balance>3238</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>497453.94</valUSD>
        <pctVal>0.53</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>949746101</cusip>
        <identifiers>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="2649100"/>
        </identifiers>
        <balance>4793</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>433718.57</valUSD>
        <pctVal>0.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boston Scientific Corp</name>
        <lei>Y6ZDD9FP4P8JSSJMW954</lei>
        <title>Boston Scientific Corp</title>
        <cusip>101137107</cusip>
        <identifiers>
          <ticker value="BSX"/>
          <other otherDesc="SEDOL" value="2113434"/>
        </identifiers>
        <balance>4786</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>447634.58</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Biogen Inc</name>
        <lei>W8J5WZB5IY3K0NDQT671</lei>
        <title>Biogen Inc</title>
        <cusip>09062X103</cusip>
        <identifiers>
          <ticker value="BIIB"/>
          <other otherDesc="SEDOL" value="2455965"/>
        </identifiers>
        <balance>2515</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>452423.35</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IDEX Corp</name>
        <lei>549300U5Y5EL6PHYLF13</lei>
        <title>IDEX Corp</title>
        <cusip>45167R104</cusip>
        <identifiers>
          <ticker value="IEX"/>
          <other otherDesc="SEDOL" value="2456612"/>
        </identifiers>
        <balance>2502</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>496772.10</valUSD>
        <pctVal>0.53</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vertex Pharmaceuticals Inc</name>
        <lei>54930015RAQRRZ5ZGJ91</lei>
        <title>Vertex Pharmaceuticals Inc</title>
        <cusip>92532F100</cusip>
        <identifiers>
          <ticker value="VRTX"/>
          <other otherDesc="SEDOL" value="2931034"/>
        </identifiers>
        <balance>970</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>455803.00</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra</title>
        <cusip>816851109</cusip>
        <identifiers>
          <ticker value="SRE"/>
          <other otherDesc="SEDOL" value="2138158"/>
        </identifiers>
        <balance>5222</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>454366.22</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hologic Inc</name>
        <lei>549300DYP6F5ZJL0LB74</lei>
        <title>Hologic Inc</title>
        <cusip>436440101</cusip>
        <identifiers>
          <ticker value="HOLX"/>
          <other otherDesc="SEDOL" value="2433530"/>
        </identifiers>
        <balance>6080</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>455574.40</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
        <cusip>38141G104</cusip>
        <identifiers>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="2407966"/>
        </identifiers>
        <balance>471</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>440578.11</valUSD>
        <pctVal>0.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zillow Group Inc</name>
        <lei>2549002XEELQDIR6FU05</lei>
        <title>Zillow Group Inc</title>
        <cusip>98954M101</cusip>
        <identifiers>
          <ticker value="ZG"/>
          <other otherDesc="SEDOL" value="BVYJBR3"/>
        </identifiers>
        <balance>7351</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>457526.24</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mondelez International Inc</name>
        <lei>549300DV9GIB88LZ5P30</lei>
        <title>Mondelez International Inc</title>
        <cusip>609207105</cusip>
        <identifiers>
          <ticker value="MDLZ"/>
          <other otherDesc="SEDOL" value="B8CKK03"/>
        </identifiers>
        <balance>8551</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>499976.97</valUSD>
        <pctVal>0.54</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wendy's Co/The</name>
        <lei>529900M0JIUCMWVKHG76</lei>
        <title>Wendy's Co/The</title>
        <cusip>95058W100</cusip>
        <identifiers>
          <ticker value="WEN"/>
          <other otherDesc="SEDOL" value="B3NXMJ9"/>
        </identifiers>
        <balance>54992</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>428387.68</valUSD>
        <pctVal>0.46</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Edison International</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>Edison International</title>
        <cusip>281020107</cusip>
        <identifiers>
          <ticker value="EIX"/>
          <other otherDesc="SEDOL" value="2829515"/>
        </identifiers>
        <balance>7611</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>474013.08</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VF Corp</name>
        <lei>CWAJJ9DJ5Z7P057HV541</lei>
        <title>VF Corp</title>
        <cusip>918204108</cusip>
        <identifiers>
          <ticker value="VFC"/>
          <other otherDesc="SEDOL" value="2928683"/>
        </identifiers>
        <balance>24773</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>485303.07</valUSD>
        <pctVal>0.52</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE &amp; CO.</title>
        <cusip>46625H100</cusip>
        <identifiers>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="2190385"/>
        </identifiers>
        <balance>1366</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>417845.74</valUSD>
        <pctVal>0.45</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bristol-Myers Squibb Co</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co</title>
        <cusip>110122108</cusip>
        <identifiers>
          <ticker value="BMY"/>
          <other otherDesc="SEDOL" value="2126335"/>
        </identifiers>
        <balance>8415</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>463245.75</valUSD>
        <pctVal>0.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mastercard Inc</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>Mastercard Inc</title>
        <cusip>57636Q104</cusip>
        <identifiers>
          <ticker value="MA"/>
          <other otherDesc="SEDOL" value="B121557"/>
        </identifiers>
        <balance>789</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>425105.31</valUSD>
        <pctVal>0.46</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York Times Co/The</name>
        <lei>529900J1WEMMIW7BOH57</lei>
        <title>New York Times Co/The</title>
        <cusip>650111107</cusip>
        <identifiers>
          <ticker value="NYT"/>
          <other otherDesc="SEDOL" value="2632003"/>
        </identifiers>
        <balance>6533</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>478934.23</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prudential Financial Inc</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial Inc</title>
        <cusip>744320102</cusip>
        <identifiers>
          <ticker value="PRU"/>
          <other otherDesc="SEDOL" value="2819118"/>
        </identifiers>
        <balance>3853</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>428106.83</valUSD>
        <pctVal>0.46</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Verizon Communications Inc</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications Inc</title>
        <cusip>92343V104</cusip>
        <identifiers>
          <ticker value="VZ"/>
          <other otherDesc="SEDOL" value="2090571"/>
        </identifiers>
        <balance>11718</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>521685.36</valUSD>
        <pctVal>0.56</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Exelon Corp</name>
        <lei>3SOUA6IRML7435B56G12</lei>
        <title>Exelon Corp</title>
        <cusip>30161N101</cusip>
        <identifiers>
          <ticker value="EXC"/>
          <other otherDesc="SEDOL" value="2670519"/>
        </identifiers>
        <balance>10555</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>472652.90</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Automatic Data Processing Inc</name>
        <lei>HGBOLILQXWER4SAL2I23</lei>
        <title>Automatic Data Processing Inc</title>
        <cusip>053015103</cusip>
        <identifiers>
          <ticker value="ADP"/>
          <other otherDesc="SEDOL" value="2065308"/>
        </identifiers>
        <balance>1776</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>438352.32</valUSD>
        <pctVal>0.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Owens Corning</name>
        <lei>JO5M6676RDJIZ2U8X907</lei>
        <title>Owens Corning</title>
        <cusip>690742101</cusip>
        <identifiers>
          <ticker value="OC"/>
          <other otherDesc="SEDOL" value="B1FW7Q2"/>
        </identifiers>
        <balance>4001</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>479479.84</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HubSpot Inc</name>
        <lei>529900BLNVEW0MVKJB37</lei>
        <title>HubSpot Inc</title>
        <cusip>443573100</cusip>
        <identifiers>
          <ticker value="HUBS"/>
          <other otherDesc="SEDOL" value="BR4T3B3"/>
        </identifiers>
        <balance>1201</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>336280.00</valUSD>
        <pctVal>0.36</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Principal Financial Group Inc</name>
        <lei>CUMYEZJOAF02RYZ1JJ85</lei>
        <title>Principal Financial Group Inc</title>
        <cusip>74251V102</cusip>
        <identifiers>
          <ticker value="PFG"/>
          <other otherDesc="SEDOL" value="2803014"/>
        </identifiers>
        <balance>5137</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>486576.64</valUSD>
        <pctVal>0.52</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>International Flavors &amp; Fragrances Inc</name>
        <lei>BZLRL03D3GPGMOGFO832</lei>
        <title>International Flavors &amp; Fragrances Inc</title>
        <cusip>459506101</cusip>
        <identifiers>
          <ticker value="IFF"/>
          <other otherDesc="SEDOL" value="2464165"/>
        </identifiers>
        <balance>6715</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>468774.15</valUSD>
        <pctVal>0.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vail Resorts Inc</name>
        <lei>529900PSZHRNU9HKH870</lei>
        <title>Vail Resorts Inc</title>
        <cusip>91879Q109</cusip>
        <identifiers>
          <ticker value="MTN"/>
          <other otherDesc="SEDOL" value="2954194"/>
        </identifiers>
        <balance>3555</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>473063.85</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
        <cusip>060505104</cusip>
        <identifiers>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="2295677"/>
        </identifiers>
        <balance>7894</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>419960.80</valUSD>
        <pctVal>0.45</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baxter International Inc</name>
        <lei>J5OIVXX3P24RJRW5CK77</lei>
        <title>Baxter International Inc</title>
        <cusip>071813109</cusip>
        <identifiers>
          <ticker value="BAX"/>
          <other otherDesc="SEDOL" value="2085102"/>
        </identifiers>
        <balance>22847</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>458539.29</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Voya Financial Inc</name>
        <lei>549300T065Z4KJ686G75</lei>
        <title>Voya Financial Inc</title>
        <cusip>929089100</cusip>
        <identifiers>
          <ticker value="VOYA"/>
          <other otherDesc="SEDOL" value="BKWQ2N2"/>
        </identifiers>
        <balance>5855</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>448844.30</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of New York Mellon Corp/The</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
        <title>Bank of New York Mellon Corp/The</title>
        <cusip>064058100</cusip>
        <identifiers>
          <ticker value="BK"/>
          <other otherDesc="SEDOL" value="B1Z77F6"/>
        </identifiers>
        <balance>3744</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>448980.48</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Solar Inc</name>
        <lei>549300NPYMLM4NHTOF27</lei>
        <title>First Solar Inc</title>
        <cusip>336433107</cusip>
        <identifiers>
          <ticker value="FSLR"/>
          <other otherDesc="SEDOL" value="B1HMF22"/>
        </identifiers>
        <balance>1940</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>437508.80</valUSD>
        <pctVal>0.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Colgate-Palmolive Co</name>
        <lei>YMEGZFW4SBUSS5BQXF88</lei>
        <title>Colgate-Palmolive Co</title>
        <cusip>194162103</cusip>
        <identifiers>
          <ticker value="CL"/>
          <other otherDesc="SEDOL" value="2209106"/>
        </identifiers>
        <balance>5957</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>537857.53</valUSD>
        <pctVal>0.58</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marriott International Inc/MD</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
        <title>Marriott International Inc/MD</title>
        <cusip>571903202</cusip>
        <identifiers>
          <ticker value="MAR"/>
          <other otherDesc="SEDOL" value="2210614"/>
        </identifiers>
        <balance>1443</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>454977.90</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yum! Brands Inc</name>
        <lei>549300JE8XHZZ7OHN517</lei>
        <title>Yum! Brands Inc</title>
        <cusip>988498101</cusip>
        <identifiers>
          <ticker value="YUM"/>
          <other otherDesc="SEDOL" value="2098876"/>
        </identifiers>
        <balance>3034</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>471787.00</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>General Mills Inc</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
        <title>General Mills Inc</title>
        <cusip>370334104</cusip>
        <identifiers>
          <ticker value="GIS"/>
          <other otherDesc="SEDOL" value="2367026"/>
        </identifiers>
        <balance>10111</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>467734.86</valUSD>
        <pctVal>0.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hasbro Inc</name>
        <lei>549300NUB6D2R1ITYR45</lei>
        <title>Hasbro Inc</title>
        <cusip>418056107</cusip>
        <identifiers>
          <ticker value="HAS"/>
          <other otherDesc="SEDOL" value="2414580"/>
        </identifiers>
        <balance>5567</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>497188.77</valUSD>
        <pctVal>0.53</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hershey Co/The</name>
        <lei>21X2CX66SU2BR6QTAD08</lei>
        <title>Hershey Co/The</title>
        <cusip>427866108</cusip>
        <identifiers>
          <ticker value="HSY"/>
          <other otherDesc="SEDOL" value="2422806"/>
        </identifiers>
        <balance>2498</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>486485.50</valUSD>
        <pctVal>0.52</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Woolworths Group Ltd</name>
        <lei>QNWEWQBS7HP85QHXQL92</lei>
        <title>Woolworths Group Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WOW AU"/>
          <other otherDesc="SEDOL" value="6981239"/>
        </identifiers>
        <balance>23086</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>497389.27</valUSD>
        <pctVal>0.53</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>Autodesk Inc</name>
        <lei>FRKKVKAIQEF3FCSTPG55</lei>
        <title>Autodesk Inc</title>
        <cusip>052769106</cusip>
        <identifiers>
          <ticker value="ADSK"/>
          <other otherDesc="SEDOL" value="2065159"/>
        </identifiers>
        <balance>1552</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>392454.24</valUSD>
        <pctVal>0.42</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kimberly-Clark Corp</name>
        <lei>MP3J6QPYPGN75NVW2S34</lei>
        <title>Kimberly-Clark Corp</title>
        <cusip>494368103</cusip>
        <identifiers>
          <ticker value="KMB"/>
          <other otherDesc="SEDOL" value="2491839"/>
        </identifiers>
        <balance>4587</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>458654.13</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S&amp;P Global Inc</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
        <title>S&amp;P Global Inc</title>
        <cusip>78409V104</cusip>
        <identifiers>
          <ticker value="SPGI"/>
          <other otherDesc="SEDOL" value="BYV2325"/>
        </identifiers>
        <balance>850</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>448621.50</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Merck &amp; Co Inc</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>Merck &amp; Co Inc</title>
        <cusip>58933Y105</cusip>
        <identifiers>
          <ticker value="MRK"/>
          <other otherDesc="SEDOL" value="2778844"/>
        </identifiers>
        <balance>4263</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>470081.01</valUSD>
        <pctVal>0.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Microsoft Corp</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>Microsoft Corp</title>
        <cusip>594918104</cusip>
        <identifiers>
          <ticker value="MSFT"/>
          <other otherDesc="SEDOL" value="2588173"/>
        </identifiers>
        <balance>954</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>410496.66</valUSD>
        <pctVal>0.44</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Co</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co</title>
        <cusip>345370860</cusip>
        <identifiers>
          <ticker value="F"/>
          <other otherDesc="SEDOL" value="2615468"/>
        </identifiers>
        <balance>34084</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>473085.92</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Procter &amp; Gamble Co/The</name>
        <lei>2572IBTT8CCZW6AU4141</lei>
        <title>Procter &amp; Gamble Co/The</title>
        <cusip>742718109</cusip>
        <identifiers>
          <ticker value="PG"/>
          <other otherDesc="SEDOL" value="2704407"/>
        </identifiers>
        <balance>3236</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>491127.72</valUSD>
        <pctVal>0.53</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ralph Lauren Corp</name>
        <lei>HO1QNWM0IXBZ0QSMMO20</lei>
        <title>Ralph Lauren Corp</title>
        <cusip>751212101</cusip>
        <identifiers>
          <ticker value="RL"/>
          <other otherDesc="SEDOL" value="B4V9661"/>
        </identifiers>
        <balance>1240</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>438228.40</valUSD>
        <pctVal>0.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>J M Smucker Co/The</name>
        <lei>5493000WDH6A0LHDJD55</lei>
        <title>J M Smucker Co/The</title>
        <cusip>832696405</cusip>
        <identifiers>
          <ticker value="SJM"/>
          <other otherDesc="SEDOL" value="2951452"/>
        </identifiers>
        <balance>4776</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>500811.36</valUSD>
        <pctVal>0.54</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Service Corp International/US</name>
        <lei>549300RKVM2ME20JHZ15</lei>
        <title>Service Corp International/US</title>
        <cusip>817565104</cusip>
        <identifiers>
          <ticker value="SCI"/>
          <other otherDesc="SEDOL" value="2797560"/>
        </identifiers>
        <balance>5839</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>469630.77</valUSD>
        <pctVal>0.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thermo Fisher Scientific Inc</name>
        <lei>HCHV7422L5HDJZCRFL38</lei>
        <title>Thermo Fisher Scientific Inc</title>
        <cusip>883556102</cusip>
        <identifiers>
          <ticker value="TMO"/>
          <other otherDesc="SEDOL" value="2886907"/>
        </identifiers>
        <balance>729</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>421806.69</valUSD>
        <pctVal>0.45</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orkla ASA</name>
        <lei>N/A</lei>
        <title>Orkla ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ORK NO"/>
          <other otherDesc="SEDOL" value="B1VQF42"/>
        </identifiers>
        <balance>41881</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6305"/>
        <valUSD>496631.56</valUSD>
        <pctVal>0.53</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AXA SA</name>
        <lei>N/A</lei>
        <title>AXA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CS FP"/>
          <other otherDesc="SEDOL" value="7088429"/>
        </identifiers>
        <balance>9518</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>433574.84</valUSD>
        <pctVal>0.47</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>L'Oreal SA</name>
        <lei>N/A</lei>
        <title>L'Oreal SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="OR FP"/>
          <other otherDesc="SEDOL" value="4057808"/>
        </identifiers>
        <balance>1084</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>497265.39</valUSD>
        <pctVal>0.53</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>Pernod Ricard SA</name>
        <lei>N/A</lei>
        <title>Pernod Ricard SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RI FP"/>
          <other otherDesc="SEDOL" value="4682329"/>
        </identifiers>
        <balance>5379</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>478711.43</valUSD>
        <pctVal>0.51</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>KERING</name>
        <lei>N/A</lei>
        <title>KERING</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="KER FP"/>
          <other otherDesc="SEDOL" value="5505072"/>
        </identifiers>
        <balance>1270</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>397651.22</valUSD>
        <pctVal>0.43</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>Cie de Saint-Gobain SA</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
        <title>Cie de Saint-Gobain SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SGO FP"/>
          <other otherDesc="SEDOL" value="7380482"/>
        </identifiers>
        <balance>4676</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>461264.68</valUSD>
        <pctVal>0.50</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>Wolters Kluwer NV</name>
        <lei>N/A</lei>
        <title>Wolters Kluwer NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WKL NA"/>
          <other otherDesc="SEDOL" value="5671519"/>
        </identifiers>
        <balance>4356</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>407289.07</valUSD>
        <pctVal>0.44</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>Royal Bank of Canada</name>
        <lei>N/A</lei>
        <title>Royal Bank of Canada</title>
        <cusip>780087102</cusip>
        <identifiers>
          <ticker value="RY CN"/>
          <other otherDesc="SEDOL" value="2754383"/>
        </identifiers>
        <balance>2646</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.36165"/>
        <valUSD>440569.25</valUSD>
        <pctVal>0.47</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>Astellas Pharma Inc</name>
        <lei>N/A</lei>
        <title>Astellas Pharma Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="4503 JP"/>
          <other otherDesc="SEDOL" value="6985383"/>
        </identifiers>
        <balance>33399</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76"/>
        <valUSD>462700.03</valUSD>
        <pctVal>0.50</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>TOMRA Systems ASA</name>
        <lei>N/A</lei>
        <title>TOMRA Systems ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TOM NO"/>
          <other otherDesc="SEDOL" value="BPLXRG7"/>
        </identifiers>
        <balance>32753</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6305"/>
        <valUSD>435663.70</valUSD>
        <pctVal>0.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enagas SA</name>
        <lei>N/A</lei>
        <title>Enagas SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ENG SM"/>
          <other otherDesc="SEDOL" value="7383072"/>
        </identifiers>
        <balance>29236</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>481184.71</valUSD>
        <pctVal>0.52</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>Vodacom Group Ltd</name>
        <lei>37890012A8DC24B8D663</lei>
        <title>Vodacom Group Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="VOD SJ"/>
          <other otherDesc="SEDOL" value="B65B4D0"/>
        </identifiers>
        <balance>51149</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.15375"/>
        <valUSD>476731.00</valUSD>
        <pctVal>0.51</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UCB SA</name>
        <lei>2138008J191VLSGY5A09</lei>
        <title>UCB SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="UCB BB"/>
          <other otherDesc="SEDOL" value="5596991"/>
        </identifiers>
        <balance>1555</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>470759.69</valUSD>
        <pctVal>0.51</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>American Water Works Co Inc</name>
        <lei>549300DXHIJQMD5WFW18</lei>
        <title>American Water Works Co Inc</title>
        <cusip>030420103</cusip>
        <identifiers>
          <ticker value="AWK"/>
          <other otherDesc="SEDOL" value="B2R3PV1"/>
        </identifiers>
        <balance>3572</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>461252.36</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>City Developments Ltd</name>
        <lei>N/A</lei>
        <title>City Developments Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="CIT SP"/>
          <other otherDesc="SEDOL" value="6197928"/>
        </identifiers>
        <balance>70603</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2721"/>
        <valUSD>515050.58</valUSD>
        <pctVal>0.55</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>Nestle Malaysia Bhd</name>
        <lei>N/A</lei>
        <title>Nestle Malaysia Bhd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NESZ MK"/>
          <other otherDesc="SEDOL" value="6629335"/>
        </identifiers>
        <balance>15370</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="3.942"/>
        <valUSD>436692.03</valUSD>
        <pctVal>0.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lloyds Banking Group PLC</name>
        <lei>N/A</lei>
        <title>Lloyds Banking Group PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="LLOY LN"/>
          <other otherDesc="SEDOL" value="0870612"/>
        </identifiers>
        <balance>337286</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>502829.87</valUSD>
        <pctVal>0.54</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>Storebrand ASA</name>
        <lei>N/A</lei>
        <title>Storebrand ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="STB NO"/>
          <other otherDesc="SEDOL" value="4852832"/>
        </identifiers>
        <balance>26554</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6305"/>
        <valUSD>464601.94</valUSD>
        <pctVal>0.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pearson PLC</name>
        <lei>N/A</lei>
        <title>Pearson PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PSON LN"/>
          <other otherDesc="SEDOL" value="0677608"/>
        </identifiers>
        <balance>32511</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>425911.41</valUSD>
        <pctVal>0.46</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>NatWest Group PLC</name>
        <lei>N/A</lei>
        <title>NatWest Group PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NWG LN"/>
          <other otherDesc="SEDOL" value="BM8PJY7"/>
        </identifiers>
        <balance>50421</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>458943.49</valUSD>
        <pctVal>0.49</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>Hermes International SCA</name>
        <lei>969500Y4IJGHJE2MTJ13</lei>
        <title>Hermes International SCA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RMS FP"/>
          <other otherDesc="SEDOL" value="5253973"/>
        </identifiers>
        <balance>172</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>413674.24</valUSD>
        <pctVal>0.44</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>Schroders PLC</name>
        <lei>N/A</lei>
        <title>Schroders PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SDR LN"/>
          <other otherDesc="SEDOL" value="BP9LHF2"/>
        </identifiers>
        <balance>80653</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>498390.76</valUSD>
        <pctVal>0.53</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>Standard Chartered PLC</name>
        <lei>N/A</lei>
        <title>Standard Chartered PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="STAN LN"/>
          <other otherDesc="SEDOL" value="0408284"/>
        </identifiers>
        <balance>18017</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>459047.55</valUSD>
        <pctVal>0.49</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>WPP PLC</name>
        <lei>N/A</lei>
        <title>WPP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="WPP LN"/>
          <other otherDesc="SEDOL" value="B8KF9B4"/>
        </identifiers>
        <balance>98479</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73081"/>
        <valUSD>406685.22</valUSD>
        <pctVal>0.44</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>Unilever Indonesia Tbk PT</name>
        <lei>549300MUHUFNRRI19O72</lei>
        <title>Unilever Indonesia Tbk PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="UNVR IJ"/>
          <other otherDesc="SEDOL" value="6687184"/>
        </identifiers>
        <balance>3420714</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16785"/>
        <valUSD>392307.09</valUSD>
        <pctVal>0.42</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sodexo SA</name>
        <lei>N/A</lei>
        <title>Sodexo SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SW FP"/>
          <other otherDesc="SEDOL" value="7062713"/>
        </identifiers>
        <balance>8913</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>455776.61</valUSD>
        <pctVal>0.49</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>Expedia Group Inc</name>
        <lei>N/A</lei>
        <title>Expedia Group Inc</title>
        <cusip>30212P303</cusip>
        <identifiers>
          <ticker value="EXPE"/>
          <other otherDesc="SEDOL" value="B748CK2"/>
        </identifiers>
        <balance>1603</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>424538.52</valUSD>
        <pctVal>0.46</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xylem Inc/NY</name>
        <lei>549300DF5MV96DRYLQ48</lei>
        <title>Xylem Inc/NY</title>
        <cusip>98419M100</cusip>
        <identifiers>
          <ticker value="XYL"/>
          <other otherDesc="SEDOL" value="B3P2CN8"/>
        </identifiers>
        <balance>3271</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>450972.77</valUSD>
        <pctVal>0.48</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pinterest Inc</name>
        <lei>N/A</lei>
        <title>Pinterest Inc</title>
        <cusip>72352L106</cusip>
        <identifiers>
          <ticker value="PINS"/>
          <other otherDesc="SEDOL" value="BJ2Z0H2"/>
        </identifiers>
        <balance>17670</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>391037.10</valUSD>
        <pctVal>0.42</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AbbVie Inc</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie Inc</title>
        <cusip>00287Y109</cusip>
        <identifiers>
          <ticker value="ABBV"/>
          <other otherDesc="SEDOL" value="B92SR70"/>
        </identifiers>
        <balance>2061</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>459623.61</valUSD>
        <pctVal>0.49</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zoetis Inc</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>Zoetis Inc</title>
        <cusip>98978V103</cusip>
        <identifiers>
          <ticker value="ZTS"/>
          <other otherDesc="SEDOL" value="B95WG16"/>
        </identifiers>
        <balance>3494</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>436121.08</valUSD>
        <pctVal>0.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Science Applications International Corp</name>
        <lei>549300LZPNZIXQGZPZ48</lei>
        <title>Science Applications International Corp</title>
        <cusip>808625107</cusip>
        <identifiers>
          <ticker value="SAIC"/>
          <other otherDesc="SEDOL" value="BDTZZG7"/>
        </identifiers>
        <balance>4327</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>440315.52</valUSD>
        <pctVal>0.47</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hilton Worldwide Holdings Inc</name>
        <lei>549300HVGPK36ICB0B89</lei>
        <title>Hilton Worldwide Holdings Inc</title>
        <cusip>43300A203</cusip>
        <identifiers>
          <ticker value="HLT"/>
          <other otherDesc="SEDOL" value="BYVMW06"/>
        </identifiers>
        <balance>1557</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>464780.07</valUSD>
        <pctVal>0.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Keysight Technologies Inc</name>
        <lei>549300GLKVIO8YRCYN02</lei>
        <title>Keysight Technologies Inc</title>
        <cusip>49338L103</cusip>
        <identifiers>
          <ticker value="KEYS"/>
          <other otherDesc="SEDOL" value="BQZJ0Q9"/>
        </identifiers>
        <balance>2158</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>466840.14</valUSD>
        <pctVal>0.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chemours Co/The</name>
        <lei>549300M1BOLNXL8DOV14</lei>
        <title>Chemours Co/The</title>
        <cusip>163851108</cusip>
        <identifiers>
          <ticker value="CC"/>
          <other otherDesc="SEDOL" value="BZ0CTP8"/>
        </identifiers>
        <balance>35666</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>534633.34</valUSD>
        <pctVal>0.57</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PayPal Holdings Inc</name>
        <lei>5493005X2GO78EFZ3E94</lei>
        <title>PayPal Holdings Inc</title>
        <cusip>70450Y103</cusip>
        <identifiers>
          <ticker value="PYPL"/>
          <other otherDesc="SEDOL" value="BYW36M8"/>
        </identifiers>
        <balance>7649</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>403025.81</valUSD>
        <pctVal>0.43</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hewlett Packard Enterprise Co</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>Hewlett Packard Enterprise Co</title>
        <cusip>42824C109</cusip>
        <identifiers>
          <ticker value="HPE"/>
          <other otherDesc="SEDOL" value="BYVYWS0"/>
        </identifiers>
        <balance>18813</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>404855.76</valUSD>
        <pctVal>0.43</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Workiva Inc</name>
        <lei>529900RTOQ8GRWHY1O58</lei>
        <title>Workiva Inc</title>
        <cusip>98139A105</cusip>
        <identifiers>
          <ticker value="WK"/>
          <other otherDesc="SEDOL" value="BSS6HY8"/>
        </identifiers>
        <balance>5338</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>411132.76</valUSD>
        <pctVal>0.44</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Affirm Holdings Inc</name>
        <lei>N/A</lei>
        <title>Affirm Holdings Inc</title>
        <cusip>00827B106</cusip>
        <identifiers>
          <ticker value="AFRM"/>
          <other otherDesc="SEDOL" value="BMF9NM8"/>
        </identifiers>
        <balance>5662</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>341418.60</valUSD>
        <pctVal>0.37</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dow Inc</name>
        <lei>5493003S21INSLK2IP73</lei>
        <title>Dow Inc</title>
        <cusip>260557103</cusip>
        <identifiers>
          <ticker value="DOW"/>
          <other otherDesc="SEDOL" value="BHXCF84"/>
        </identifiers>
        <balance>17449</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>480719.95</valUSD>
        <pctVal>0.52</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iberdrola SA</name>
        <lei>5QK37QC7NWOJ8D7WVQ45</lei>
        <title>Iberdrola SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="IBE SM"/>
          <other otherDesc="SEDOL" value="B288C92"/>
        </identifiers>
        <balance>20596</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>462026.36</valUSD>
        <pctVal>0.50</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>Vivendi SE</name>
        <lei>N/A</lei>
        <title>Vivendi SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="VIV FP"/>
          <other otherDesc="SEDOL" value="4834777"/>
        </identifiers>
        <balance>161815</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>451516.08</valUSD>
        <pctVal>0.48</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>Danone SA</name>
        <lei>N/A</lei>
        <title>Danone SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BN FP"/>
          <other otherDesc="SEDOL" value="B1Y9TB3"/>
        </identifiers>
        <balance>5185</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>404656.54</valUSD>
        <pctVal>0.43</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>BNP Paribas SA</name>
        <lei>N/A</lei>
        <title>BNP Paribas SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BNP FP"/>
          <other otherDesc="SEDOL" value="7309681"/>
        </identifiers>
        <balance>4753</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>513819.57</valUSD>
        <pctVal>0.55</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>Bayer AG</name>
        <lei>N/A</lei>
        <title>Bayer AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BAYN GR"/>
          <other otherDesc="SEDOL" value="5069211"/>
        </identifiers>
        <balance>10154</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>536327.82</valUSD>
        <pctVal>0.58</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>Schneider Electric SE</name>
        <lei>N/A</lei>
        <title>Schneider Electric SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SU FP"/>
          <other otherDesc="SEDOL" value="4834108"/>
        </identifiers>
        <balance>1634</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>469303.13</valUSD>
        <pctVal>0.50</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>BASF SE</name>
        <lei>N/A</lei>
        <title>BASF SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="BAS GR"/>
          <other otherDesc="SEDOL" value="5086577"/>
        </identifiers>
        <balance>8874</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>483445.40</valUSD>
        <pctVal>0.52</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>Telenor ASA</name>
        <lei>N/A</lei>
        <title>Telenor ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TEL NO"/>
          <other otherDesc="SEDOL" value="4732495"/>
        </identifiers>
        <balance>31592</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6305"/>
        <valUSD>531426.61</valUSD>
        <pctVal>0.57</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allianz SE</name>
        <lei>N/A</lei>
        <title>Allianz SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ALV GR"/>
          <other otherDesc="SEDOL" value="5231485"/>
        </identifiers>
        <balance>992</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84363"/>
        <valUSD>437188.82</valUSD>
        <pctVal>0.47</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>QBE Insurance Group Ltd</name>
        <lei>N/A</lei>
        <title>QBE Insurance Group Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="QBE AU"/>
          <other otherDesc="SEDOL" value="6715740"/>
        </identifiers>
        <balance>34464</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.43606"/>
        <valUSD>473740.21</valUSD>
        <pctVal>0.51</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>
    </invstOrSecs>
    <signature>
      <dateSigned xmlns="http://www.sec.gov/edgar/nportcommon">2026-01-30</dateSigned>
      <nameOfApplicant xmlns="http://www.sec.gov/edgar/nportcommon">EA Series Trust</nameOfApplicant>
      <signature xmlns="http://www.sec.gov/edgar/nportcommon">/s/ Sean Hegarty</signature>
      <signerName xmlns="http://www.sec.gov/edgar/nportcommon">Sean Hegarty</signerName>
      <title xmlns="http://www.sec.gov/edgar/nportcommon">Treasurer</title>
    </signature>
  </formData>
</edgarSubmission>
