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      <regStreet1>1345 Avenue of the Americas</regStreet1>
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      <regZipOrPostalCode>10105</regZipOrPostalCode>
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      <seriesName>TrimTabs All Cap International Free-Cash-Flow ETF</seriesName>
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      <repPdEnd>2021-07-31</repPdEnd>
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        <currencyConditional curCd="HKD" exchangeRt="7.752500000000"/>
        <valUSD>199731.700000000000</valUSD>
        <pctVal>1.7447597785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Recruit Holdings Co Ltd</name>
        <lei>353800R2LRSMVVC4I806</lei>
        <title>Recruit Holdings Co Ltd</title>
        <cusip>J6433A101</cusip>
        <identifiers>
          <isin value="JP3970300004"/>
          <ticker value="6098"/>
        </identifiers>
        <balance>3775.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>143146.760000000000</valUSD>
        <pctVal>1.2504610399</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>Atlassian Corp PLC</name>
        <lei>549300AGBII4MWBVJY22</lei>
        <title>Atlassian Corp PLC</title>
        <cusip>G06242104</cusip>
        <identifiers>
          <isin value="GB00BZ09BD16"/>
          <ticker value="TEAM"/>
        </identifiers>
        <balance>876.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>167859.120000000000</valUSD>
        <pctVal>1.4663362953</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>ICON PLC</name>
        <lei>6354008SRQGEMC4XFI67</lei>
        <title>ICON PLC</title>
        <cusip>G4705A100</cusip>
        <identifiers>
          <isin value="IE0005711209"/>
          <ticker value="ICLR"/>
        </identifiers>
        <balance>868.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>156500.400000000000</valUSD>
        <pctVal>1.3671119970</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>Linde PLC</name>
        <lei>8945002PAZHZLBGKGF02</lei>
        <title>Linde PLC</title>
        <cusip>G5494J103</cusip>
        <identifiers>
          <isin value="IE00BZ12WP82"/>
          <ticker value="LIN"/>
        </identifiers>
        <balance>472.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>104000.480000000000</valUSD>
        <pctVal>0.9084980224</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>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG</title>
        <cusip>H42097107</cusip>
        <identifiers>
          <isin value="CH0244767585"/>
          <ticker value="UBS"/>
        </identifiers>
        <balance>13283.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>155278.270000000000</valUSD>
        <pctVal>1.3564360589</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>Alimentation Couche-Tard Inc</name>
        <lei>549300OSW32RVX8CCZ87</lei>
        <title>Alimentation Couche-Tard Inc</title>
        <cusip>01626P403</cusip>
        <identifiers>
          <isin value="CA01626P4033"/>
          <ticker value="ATD/B"/>
        </identifiers>
        <balance>3966.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.332300000000"/>
        <valUSD>122138.390000000000</valUSD>
        <pctVal>1.0669420542</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>West Fraser Timber Co Ltd</name>
        <lei>5493005WD1ZK6WBVR988</lei>
        <title>West Fraser Timber Co Ltd</title>
        <cusip>952845105</cusip>
        <identifiers>
          <isin value="CA9528451052"/>
          <ticker value="WFT"/>
        </identifiers>
        <balance>2732.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.332300000000"/>
        <valUSD>126705.910000000000</valUSD>
        <pctVal>1.1068417055</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>Fidelity Government Portfolio</name>
        <lei>N/A</lei>
        <title>Fidelity Government Portfolio</title>
        <cusip>316175108</cusip>
        <identifiers>
          <isin value="US3161751082"/>
          <ticker value="FIGXX"/>
        </identifiers>
        <balance>32797.620000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32797.620000000000</valUSD>
        <pctVal>0.2865041864</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>Intertek Group PLC</name>
        <lei>2138003GAT25WW1RN369</lei>
        <title>Intertek Group PLC</title>
        <cusip>G4911B108</cusip>
        <identifiers>
          <isin value="GB0031638363"/>
          <ticker value="ITRK"/>
        </identifiers>
        <balance>1808.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".771900000000"/>
        <valUSD>130511.410000000000</valUSD>
        <pctVal>1.1400847177</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>adidas AG</name>
        <lei>549300JSX0Z4CW0V5023</lei>
        <title>adidas AG</title>
        <cusip>D0066B185</cusip>
        <identifiers>
          <isin value="DE000A1EWWW0"/>
          <ticker value="ADS"/>
        </identifiers>
        <balance>510.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".858630000000"/>
        <valUSD>151462.210000000000</valUSD>
        <pctVal>1.3231007996</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>L'Oreal SA</name>
        <lei>529900JI1GG6F7RKVI53</lei>
        <title>L'Oreal SA</title>
        <cusip>F58149133</cusip>
        <identifiers>
          <isin value="FR0000120321"/>
          <ticker value="OR"/>
        </identifiers>
        <balance>459.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".858630000000"/>
        <valUSD>148450.790000000000</valUSD>
        <pctVal>1.2967944872</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>DNB ASA</name>
        <lei>5967007LIEEXZX78M803</lei>
        <title>DNB ASA</title>
        <cusip>R1640U124</cusip>
        <identifiers>
          <isin value="NO0010031479"/>
          <ticker value="DNB"/>
        </identifiers>
        <balance>12644.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.546650000000"/>
        <valUSD>170455.900000000000</valUSD>
        <pctVal>1.4890205127</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>GEA Group AG</name>
        <lei>549300PHUU0ZZWO8EO07</lei>
        <title>GEA Group AG</title>
        <cusip>D28304109</cusip>
        <identifiers>
          <isin value="DE0006602006"/>
          <ticker value="G1A"/>
        </identifiers>
        <balance>4065.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".858630000000"/>
        <valUSD>135258.550000000000</valUSD>
        <pctVal>1.1815534427</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>Deutsche Post AG</name>
        <lei>8ER8GIG7CSMVD8VUFE78</lei>
        <title>Deutsche Post AG</title>
        <cusip>D19225107</cusip>
        <identifiers>
          <isin value="DE0005552004"/>
          <ticker value="DPW"/>
        </identifiers>
        <balance>1659.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".858630000000"/>
        <valUSD>73498.900000000000</valUSD>
        <pctVal>0.6420509338</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>iShares MSCI South Korea ETF</name>
        <lei>GR1QY1XUY5M0EJSI5J57</lei>
        <title>iShares MSCI South Korea ETF</title>
        <cusip>464286772</cusip>
        <identifiers>
          <isin value="US4642867729"/>
          <ticker value="EWY"/>
        </identifiers>
        <balance>5834.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>378626.600000000000</valUSD>
        <pctVal>3.3074993242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>TOMRA Systems ASA</name>
        <lei>549300J726JCFJU3VT89</lei>
        <title>TOMRA Systems ASA</title>
        <cusip>R91733114</cusip>
        <identifiers>
          <isin value="NO0005668905"/>
          <ticker value="TOM"/>
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        <balance>4006.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.546650000000"/>
        <valUSD>161429.210000000000</valUSD>
        <pctVal>1.4101677034</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>Samsung Electronics Co Ltd</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co Ltd</title>
        <cusip>796050888</cusip>
        <identifiers>
          <isin value="US7960508882"/>
          <ticker value="SMSN"/>
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        <balance>173.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>218499.000000000000</valUSD>
        <pctVal>1.9087018578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Puma SE</name>
        <lei>529900GRZ2BQY5ZM9N49</lei>
        <title>Puma SE</title>
        <cusip>D62318148</cusip>
        <identifiers>
          <isin value="DE0006969603"/>
          <ticker value="PUM"/>
        </identifiers>
        <balance>1772.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".858630000000"/>
        <valUSD>154864.000000000000</valUSD>
        <pctVal>1.3528171960</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>Dassault Systemes SE</name>
        <lei>96950065LBWY0APQIM86</lei>
        <title>Dassault Systemes SE</title>
        <cusip>F2457H472</cusip>
        <identifiers>
          <isin value="FR0000130650"/>
          <ticker value="DSY"/>
        </identifiers>
        <balance>793.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".858630000000"/>
        <valUSD>135348.350000000000</valUSD>
        <pctVal>1.1823378921</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>Ebro Foods SA</name>
        <lei>959800NW6DLQT89M3240</lei>
        <title>Ebro Foods SA</title>
        <cusip>E38028135</cusip>
        <identifiers>
          <isin value="ES0112501012"/>
          <ticker value="EBRO"/>
        </identifiers>
        <balance>6144.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".858630000000"/>
        <valUSD>137530.340000000000</valUSD>
        <pctVal>1.2013987042</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>Lululemon Athletica Inc</name>
        <lei>549300D9GZ4BMLDW5T40</lei>
        <title>Lululemon Athletica Inc</title>
        <cusip>550021109</cusip>
        <identifiers>
          <isin value="US5500211090"/>
          <ticker value="LULU"/>
        </identifiers>
        <balance>374.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>119414.460000000000</valUSD>
        <pctVal>1.0431471158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daimler AG</name>
        <lei>529900R27DL06UVNT076</lei>
        <title>Daimler AG</title>
        <cusip>D1668R123</cusip>
        <identifiers>
          <isin value="DE0007100000"/>
          <ticker value="DAI"/>
        </identifiers>
        <balance>2724.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".858630000000"/>
        <valUSD>140858.810000000000</valUSD>
        <pctVal>1.2304746124</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>Siemens AG</name>
        <lei>W38RGI023J3WT1HWRP32</lei>
        <title>Siemens AG</title>
        <cusip>D69671218</cusip>
        <identifiers>
          <isin value="DE0007236101"/>
          <ticker value="SIE"/>
        </identifiers>
        <balance>1566.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".858630000000"/>
        <valUSD>183660.250000000000</valUSD>
        <pctVal>1.6043673444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bayerische Motoren Werke AG</name>
        <lei>YEH5ZCD6E441RHVHD759</lei>
        <title>Bayerische Motoren Werke AG</title>
        <cusip>D12096109</cusip>
        <identifiers>
          <isin value="DE0005190003"/>
          <ticker value="BMW"/>
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        <balance>1952.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".858630000000"/>
        <valUSD>133402.470000000000</valUSD>
        <pctVal>1.1653396232</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>Vestas Wind Systems A/S</name>
        <lei>549300DYMC8BGZZC8844</lei>
        <title>Vestas Wind Systems A/S</title>
        <cusip>K9773J128</cusip>
        <identifiers>
          <isin value="DK0010268606"/>
          <ticker value="VWS"/>
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        <balance>1377.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.392000000000"/>
        <valUSD>235029.260000000000</valUSD>
        <pctVal>2.0531022348</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>Givaudan SA</name>
        <lei>213800SVRMQA1TD91D41</lei>
        <title>Givaudan SA</title>
        <cusip>H3238Q102</cusip>
        <identifiers>
          <isin value="CH0010645932"/>
          <ticker value="GIVN"/>
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        <balance>39.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".916950000000"/>
        <valUSD>158900.700000000000</valUSD>
        <pctVal>1.3880798598</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>Zurich Insurance Group AG</name>
        <lei>529900QVNRBND50TXP03</lei>
        <title>Zurich Insurance Group AG</title>
        <cusip>H9870Y105</cusip>
        <identifiers>
          <isin value="CH0011075394"/>
          <ticker value="ZURN"/>
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        <balance>559.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".916950000000"/>
        <valUSD>185327.440000000000</valUSD>
        <pctVal>1.6189311120</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>Fortescue Metals Group Ltd</name>
        <lei>529900VEJFORCO6I4826</lei>
        <title>Fortescue Metals Group Ltd</title>
        <cusip>Q39360104</cusip>
        <identifiers>
          <isin value="AU000000FMG4"/>
          <ticker value="FMG"/>
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        <balance>13793.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.422680000000"/>
        <valUSD>168403.580000000000</valUSD>
        <pctVal>1.4710924352</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>Capcom Co Ltd</name>
        <lei>529900JJWQKXS3TC8744</lei>
        <title>Capcom Co Ltd</title>
        <cusip>J05187109</cusip>
        <identifiers>
          <isin value="JP3218900003"/>
          <ticker value="9697"/>
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        <balance>4296.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>235942.500000000000</valUSD>
        <pctVal>2.0610798589</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>CSL Ltd</name>
        <lei>529900ECSECK5ZDQTE14</lei>
        <title>CSL Ltd</title>
        <cusip>Q3018U109</cusip>
        <identifiers>
          <isin value="AU000000CSL8"/>
          <ticker value="CSL"/>
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        <balance>897.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.422680000000"/>
        <valUSD>181306.630000000000</valUSD>
        <pctVal>1.5838072555</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>Rakuten Inc</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>Rakuten Inc</title>
        <cusip>J64264104</cusip>
        <identifiers>
          <isin value="JP3967200001"/>
          <ticker value="4755"/>
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        <balance>13300.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>128941.210000000000</valUSD>
        <pctVal>1.1263682080</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>Daikin Industries Ltd</name>
        <lei>549300Y7FWSTSHMW5Y57</lei>
        <title>Daikin Industries Ltd</title>
        <cusip>J10038115</cusip>
        <identifiers>
          <isin value="JP3481800005"/>
          <ticker value="6367"/>
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        <balance>1000.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>186064.280000000000</valUSD>
        <pctVal>1.6253677907</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>Strauss Group Ltd</name>
        <lei>254900GBA9EK5FGVQA80</lei>
        <title>Strauss Group Ltd</title>
        <cusip>M8553H110</cusip>
        <identifiers>
          <isin value="IL0007460160"/>
          <ticker value="STRS"/>
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        <balance>4487.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.412050000000"/>
        <valUSD>129742.360000000000</valUSD>
        <pctVal>1.1333666679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Square Enix Holdings Co Ltd</name>
        <lei>529900KCRNRDF8DIA489</lei>
        <title>Square Enix Holdings Co Ltd</title>
        <cusip>J7659R109</cusip>
        <identifiers>
          <isin value="JP3164630000"/>
          <ticker value="9684"/>
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        <balance>1400.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>81837.720000000000</valUSD>
        <pctVal>0.7148948426</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>FANUC Corp</name>
        <lei>529900QTSW745LOKW705</lei>
        <title>FANUC Corp</title>
        <cusip>J13440102</cusip>
        <identifiers>
          <isin value="JP3802400006"/>
          <ticker value="6954"/>
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        <balance>600.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>126367.070000000000</valUSD>
        <pctVal>1.1038817627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nomura Research Institute Ltd</name>
        <lei>5299005F1HCVF4M4QN79</lei>
        <title>Nomura Research Institute Ltd</title>
        <cusip>J5900F106</cusip>
        <identifiers>
          <isin value="JP3762800005"/>
          <ticker value="4307"/>
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        <balance>5412.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>159989.880000000000</valUSD>
        <pctVal>1.3975944109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kao Corp</name>
        <lei>353800HM38HFCB8RGL63</lei>
        <title>Kao Corp</title>
        <cusip>J30642169</cusip>
        <identifiers>
          <isin value="JP3205800000"/>
          <ticker value="4452"/>
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        <balance>1500.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>106308.800000000000</valUSD>
        <pctVal>0.9286623923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Keyence Corp</name>
        <lei>529900M7PQBS7A89DZ11</lei>
        <title>Keyence Corp</title>
        <cusip>J32491102</cusip>
        <identifiers>
          <isin value="JP3236200006"/>
          <ticker value="6861"/>
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        <balance>300.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>135393.290000000000</valUSD>
        <pctVal>1.1827304663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tokio Marine Holdings Inc</name>
        <lei>5299009QN2NZ191KLS29</lei>
        <title>Tokio Marine Holdings Inc</title>
        <cusip>J86298106</cusip>
        <identifiers>
          <isin value="JP3910660004"/>
          <ticker value="8766"/>
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        <balance>2437.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>108448.190000000000</valUSD>
        <pctVal>0.9473510713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nice Ltd</name>
        <lei>254900YTY4EF5Z4W0A51</lei>
        <title>Nice Ltd</title>
        <cusip>653656108</cusip>
        <identifiers>
          <isin value="US6536561086"/>
          <ticker value="NICE"/>
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        <balance>828.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>188999.280000000000</valUSD>
        <pctVal>1.6510065349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nintendo Co Ltd</name>
        <lei>353800FEEXU6I9M0ZF27</lei>
        <title>Nintendo Co Ltd</title>
        <cusip>J51699106</cusip>
        <identifiers>
          <isin value="JP3756600007"/>
          <ticker value="7974"/>
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        <balance>300.000000000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>163274.270000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oriental Land Co Ltd/Japan</name>
        <lei>353800PIFKBZ6KTU5994</lei>
        <title>Oriental Land Co Ltd/Japan</title>
        <cusip>J6174U100</cusip>
        <identifiers>
          <isin value="JP3198900007"/>
          <ticker value="4661"/>
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        <balance>986.000000000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>137359.090000000000</valUSD>
        <pctVal>1.1999027468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Omron Corp</name>
        <lei>549300ZHW0TR2QZ0NY83</lei>
        <title>Omron Corp</title>
        <cusip>J61374120</cusip>
        <identifiers>
          <isin value="JP3197800000"/>
          <ticker value="6645"/>
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        <balance>3221.000000000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>230741.680000000000</valUSD>
        <pctVal>2.0156480043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kakaku.com Inc</name>
        <lei>353800KA15Y0DCPWYY65</lei>
        <title>Kakaku.com Inc</title>
        <cusip>J29258100</cusip>
        <identifiers>
          <isin value="JP3206000006"/>
          <ticker value="2371"/>
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        <balance>5361.000000000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>141891.500000000000</valUSD>
        <pctVal>1.2394956941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Shionogi &amp; Co Ltd</name>
        <lei>35380049VXDTHZI3DY35</lei>
        <title>Shionogi &amp; Co Ltd</title>
        <cusip>J74229105</cusip>
        <identifiers>
          <isin value="JP3347200002"/>
          <ticker value="4507"/>
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        <balance>1800.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>84657.340000000000</valUSD>
        <pctVal>0.7395256827</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>Shiseido Co Ltd</name>
        <lei>5299008QCD0YDT5OF506</lei>
        <title>Shiseido Co Ltd</title>
        <cusip>J74358144</cusip>
        <identifiers>
          <isin value="JP3351600006"/>
          <ticker value="4911"/>
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        <balance>1260.000000000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>77625.480000000000</valUSD>
        <pctVal>0.6780987459</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>SCSK Corp</name>
        <lei>529900SNGFXMSUBB7864</lei>
        <title>SCSK Corp</title>
        <cusip>J70081104</cusip>
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          <isin value="JP3400400002"/>
          <ticker value="9719"/>
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        <balance>2238.000000000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>110943.410000000000</valUSD>
        <pctVal>0.9691481095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Electron Ltd</name>
        <lei>549300H5LSF8DP3RIJ34</lei>
        <title>Tokyo Electron Ltd</title>
        <cusip>J86957115</cusip>
        <identifiers>
          <isin value="JP3571400005"/>
          <ticker value="8035"/>
        </identifiers>
        <balance>565.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>150565.930000000000</valUSD>
        <pctVal>1.3152713299</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>Toyota Motor Corp</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>Toyota Motor Corp</title>
        <cusip>J92676113</cusip>
        <identifiers>
          <isin value="JP3633400001"/>
          <ticker value="7203"/>
        </identifiers>
        <balance>1108.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>71996.980000000000</valUSD>
        <pctVal>0.6289308852</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>Yaskawa Electric Corp</name>
        <lei>3538003K39GR98R0CK58</lei>
        <title>Yaskawa Electric Corp</title>
        <cusip>J9690T102</cusip>
        <identifiers>
          <isin value="JP3932000007"/>
          <ticker value="6506"/>
        </identifiers>
        <balance>3004.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="104.695000000000"/>
        <valUSD>115775.730000000000</valUSD>
        <pctVal>1.0113609259</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>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG</title>
        <cusip>H5820Q150</cusip>
        <identifiers>
          <isin value="CH0012005267"/>
          <ticker value="NOVN"/>
        </identifiers>
        <balance>1948.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".916950000000"/>
        <valUSD>151875.810000000000</valUSD>
        <pctVal>1.3267138097</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>Ashtead Group PLC</name>
        <lei>2138007UTBN8X9K1A235</lei>
        <title>Ashtead Group PLC</title>
        <cusip>G05320109</cusip>
        <identifiers>
          <isin value="GB0000536739"/>
          <ticker value="AHT"/>
        </identifiers>
        <balance>4386.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".771900000000"/>
        <valUSD>159098.330000000000</valUSD>
        <pctVal>1.3898062602</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>Alibaba Group Holding Ltd</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd</title>
        <cusip>01609W102</cusip>
        <identifiers>
          <isin value="US01609W1027"/>
          <ticker value="BABA"/>
        </identifiers>
        <balance>652.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>198657.880000000000</valUSD>
        <pctVal>1.7353794050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</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>213800ZVIELEA55JMJ32</lei>
        <title>Diageo PLC</title>
        <cusip>G42089113</cusip>
        <identifiers>
          <isin value="GB0002374006"/>
          <ticker value="DGE"/>
        </identifiers>
        <balance>4336.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".771900000000"/>
        <valUSD>140376.530000000000</valUSD>
        <pctVal>1.2262616470</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>Halma PLC</name>
        <lei>2138007FRGLUR9KGBT40</lei>
        <title>Halma PLC</title>
        <cusip>G42504103</cusip>
        <identifiers>
          <isin value="GB0004052071"/>
          <ticker value="HLMA"/>
        </identifiers>
        <balance>5397.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".771900000000"/>
        <valUSD>165566.730000000000</valUSD>
        <pctVal>1.4463110822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Howden Joinery Group PLC</name>
        <lei>213800KC1LJOJTY3JP45</lei>
        <title>Howden Joinery Group PLC</title>
        <cusip>G4647J102</cusip>
        <identifiers>
          <isin value="GB0005576813"/>
          <ticker value="HWDN"/>
        </identifiers>
        <balance>17214.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".771900000000"/>
        <valUSD>142011.600000000000</valUSD>
        <pctVal>1.2405448297</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>Canadian Pacific Railway Ltd</name>
        <lei>N/A</lei>
        <title>Canadian Pacific Railway Ltd</title>
        <cusip>13645T100</cusip>
        <identifiers>
          <isin value="CA13645T1003"/>
          <ticker value="CP"/>
        </identifiers>
        <balance>577.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>172598.010000000000</valUSD>
        <pctVal>1.5077329523</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-11-23</ncom:dateSigned>
      <ncom:nameOfApplicant>TrimTabs ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>/s/ Derin Cohen</ncom:signature>
      <ncom:signerName>TrimTabs ETF Trust</ncom:signerName>
      <ncom:title>Chief Compliance Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
