<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001604813</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000056835</seriesId>
        <classId>C000180511</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>TrimTabs ETF Trust</regName>
      <regFileNumber>811-22995</regFileNumber>
      <regCik>0001604813</regCik>
      <regLei>549300GRT204D6PN7T64</regLei>
      <regStreet1>1345 Avenue of the Americas</regStreet1>
      <regStreet2>2nd Floor</regStreet2>
      <regCity>New York</regCity>
      <regStateConditional regCountry="US" regState="US-NY"/>
      <regZipOrPostalCode>10105</regZipOrPostalCode>
      <regPhone>212-217-2470</regPhone>
      <seriesName>TrimTabs International Free Cash Flow Quality ETF</seriesName>
      <seriesId>S000056835</seriesId>
      <seriesLei>549300QQJ423KA2XI096</seriesLei>
      <repPdEnd>2022-07-31</repPdEnd>
      <repPdDate>2021-10-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>95172680.830000000000</totAssets>
      <totLiabs>9564619.970000000000</totLiabs>
      <netAssets>85608060.860000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.000000000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.000000000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.000000000000</amtPayAftOneYrOther>
      <delayDeliv>0.000000000000</delayDeliv>
      <standByCommit>0.000000000000</standByCommit>
      <liquidPref>0.000000000000</liquidPref>
      <borrowers>
        <borrower aggrVal="170607.240000000000" lei="58PU97L1C0WSRCWADL48" name="JEFFERIES, LLC"/>
        <borrower aggrVal="613876.450000000000" lei="RUC0QBLBRPRCU4W1NE59" name="BMO CAPITAL MARKETS CORP"/>
        <borrower aggrVal="316348.800000000000" lei="VYVVCKR63DVZZN70PB21" name="WELLS FARGO SECURITIES, LLC"/>
        <borrower aggrVal="1415.100000000000" lei="AC28XWWI3WIBK2824319" name="BARCLAYS CAPITAL, INC"/>
      </borrowers>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000180511" rtn1="1.870000000000" rtn2="-4.330000000000" rtn3="3.860000000000"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="-97583.190000000000" netUnrealizedAppr="1128322.210000000000"/>
        <othMon2 netRealizedGain="129661.320000000000" netUnrealizedAppr="-2964362.500000000000"/>
        <othMon3 netRealizedGain="-209.210000000000" netUnrealizedAppr="2515975.820000000000"/>
      </returnInfo>
      <mon1Flow redemption=".000000000000" reinvestment=".000000000000" sales=".000000000000"/>
      <mon2Flow redemption=".000000000000" reinvestment=".000000000000" sales="3556620.000000000000"/>
      <mon3Flow redemption=".000000000000" reinvestment=".000000000000" sales="21880830.000000000000"/>


    </fundInfo>
    <invstOrSecs>
      <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>16097.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>1349090.300000000000</valUSD>
        <pctVal>1.5758916701</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>America Movil SAB de CV</name>
        <lei>5493000FNR3UCEAONM59</lei>
        <title>America Movil SAB de CV</title>
        <cusip>02364W105</cusip>
        <identifiers>
          <isin value="US02364W1053"/>
          <ticker value="AMX"/>
        </identifiers>
        <balance>38097.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>677364.660000000000</valUSD>
        <pctVal>0.7912393450</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>Diageo PLC</name>
        <lei>213800ZVIELEA55JMJ32</lei>
        <title>Diageo PLC</title>
        <cusip>G42089113</cusip>
        <identifiers>
          <isin value="GB0002374006"/>
          <ticker value="DGE"/>
        </identifiers>
        <balance>14741.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>732712.630000000000</valUSD>
        <pctVal>0.8558921002</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>14238.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>577158.290000000000</valUSD>
        <pctVal>0.6741868513</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>AstraZeneca PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>AstraZeneca PLC</title>
        <cusip>046353108</cusip>
        <identifiers>
          <isin value="US0463531089"/>
          <ticker value="AZN"/>
        </identifiers>
        <balance>12056.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>752053.280000000000</valUSD>
        <pctVal>0.8784841900</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>47199.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>594137.680000000000</valUSD>
        <pctVal>0.6940207196</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>BHP Group Ltd</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP Group Ltd</title>
        <cusip>088606108</cusip>
        <identifiers>
          <isin value="US0886061086"/>
          <ticker value="BHP"/>
        </identifiers>
        <balance>4403.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>241460.520000000000</valUSD>
        <pctVal>0.2820534861</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="207350.040000000000"/>
        </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>14366.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.237600000000"/>
        <valUSD>538841.080000000000</valUSD>
        <pctVal>0.6294279704</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>Unilever PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>Unilever PLC</title>
        <cusip>G92087165</cusip>
        <identifiers>
          <isin value="GB00B10RZP78"/>
          <ticker value="ULVR"/>
        </identifiers>
        <balance>23999.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>1284851.350000000000</valUSD>
        <pctVal>1.5008532340</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>Partners Group Holding AG</name>
        <lei>549300I3IVVWZWDHI788</lei>
        <title>Partners Group Holding AG</title>
        <cusip>H6120A101</cusip>
        <identifiers>
          <isin value="CH0024608827"/>
          <ticker value="PGHN"/>
        </identifiers>
        <balance>651.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".915600000000"/>
        <valUSD>1135837.160000000000</valUSD>
        <pctVal>1.3267876279</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>Toronto-Dominion Bank/The</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank/The</title>
        <cusip>891160509</cusip>
        <identifiers>
          <isin value="CA8911605092"/>
          <ticker value="TD"/>
        </identifiers>
        <balance>14614.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.237600000000"/>
        <valUSD>1060861.150000000000</valUSD>
        <pctVal>1.2392070786</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>9151.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.237600000000"/>
        <valUSD>732686.320000000000</valUSD>
        <pctVal>0.8558613671</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>1194248.140000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1194248.140000000000</valUSD>
        <pctVal>1.3950183289</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>7385.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>494725.260000000000</valUSD>
        <pctVal>0.5778956503</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>Next PLC</name>
        <lei>213800WQD8ECPZP9PH98</lei>
        <title>Next PLC</title>
        <cusip>G6500M106</cusip>
        <identifiers>
          <isin value="GB0032089863"/>
          <ticker value="NXT"/>
        </identifiers>
        <balance>6697.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>730098.560000000000</valUSD>
        <pctVal>0.8528385676</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>1887.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>617984.050000000000</valUSD>
        <pctVal>0.7218760054</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>Schindler Holding AG</name>
        <lei>5299007DRLI319H7Q933</lei>
        <title>Schindler Holding AG</title>
        <cusip>H7258G209</cusip>
        <identifiers>
          <isin value="CH0024638196"/>
          <ticker value="SCHP"/>
        </identifiers>
        <balance>1610.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".915600000000"/>
        <valUSD>418853.210000000000</valUSD>
        <pctVal>0.4892684238</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>Husqvarna AB</name>
        <lei>549300GYQIIJ3UXB7655</lei>
        <title>Husqvarna AB</title>
        <cusip>W4235G116</cusip>
        <identifiers>
          <isin value="SE0001662230"/>
          <ticker value="HUSQB"/>
        </identifiers>
        <balance>60824.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.588000000000"/>
        <valUSD>865120.120000000000</valUSD>
        <pctVal>1.0105591825</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>L'Oreal SA</name>
        <lei>529900JI1GG6F7RKVI53</lei>
        <title>L'Oreal SA</title>
        <cusip>F58149133</cusip>
        <identifiers>
          <isin value="FR0000120321"/>
          <ticker value="OR"/>
        </identifiers>
        <balance>2103.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>960152.420000000000</valUSD>
        <pctVal>1.1215677710</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>LVMH Moet Hennessy Louis Vuitt</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH Moet Hennessy Louis Vuitton SE</title>
        <cusip>F58485115</cusip>
        <identifiers>
          <isin value="FR0000121014"/>
          <ticker value="MC"/>
        </identifiers>
        <balance>1426.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>1116336.860000000000</valUSD>
        <pctVal>1.3040090487</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>Kuehne + Nagel International A</name>
        <lei>529900Q0YED3805QXQ66</lei>
        <title>Kuehne + Nagel International AG</title>
        <cusip>H4673L145</cusip>
        <identifiers>
          <isin value="CH0025238863"/>
          <ticker value="KNIN"/>
        </identifiers>
        <balance>2052.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".915600000000"/>
        <valUSD>646124.510000000000</valUSD>
        <pctVal>0.7547472791</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>Amplifon SpA</name>
        <lei>ZYXJDNVM2JI3VBM8G556</lei>
        <title>Amplifon SpA</title>
        <cusip>T0388E118</cusip>
        <identifiers>
          <isin value="IT0004056880"/>
          <ticker value="AMP"/>
        </identifiers>
        <balance>14370.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>730086.700000000000</valUSD>
        <pctVal>0.8528247138</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>Publicis Groupe SA</name>
        <lei>2138004KW8BV57III342</lei>
        <title>Publicis Groupe SA</title>
        <cusip>F7607Z165</cusip>
        <identifiers>
          <isin value="FR0000130577"/>
          <ticker value="PUB"/>
        </identifiers>
        <balance>8033.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>538040.600000000000</valUSD>
        <pctVal>0.6284929183</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>Kesko Oyj</name>
        <lei>743700OX6HSVMCAHPB95</lei>
        <title>Kesko Oyj</title>
        <cusip>X44874109</cusip>
        <identifiers>
          <isin value="FI0009000202"/>
          <ticker value="KESKOB"/>
        </identifiers>
        <balance>18450.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>599110.460000000000</valUSD>
        <pctVal>0.6998294950</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>Constellation Software Inc/Can</name>
        <lei>549300B6PYHMCTDWQV29</lei>
        <title>Constellation Software Inc/Canada</title>
        <cusip>21037X100</cusip>
        <identifiers>
          <isin value="CA21037X1006"/>
          <ticker value="CSU"/>
        </identifiers>
        <balance>510.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.237600000000"/>
        <valUSD>896287.090000000000</valUSD>
        <pctVal>1.0469657658</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>Logitech International SA</name>
        <lei>549300SN6PRK6IJJC215</lei>
        <title>Logitech International SA</title>
        <cusip>H50430232</cusip>
        <identifiers>
          <isin value="CH0025751329"/>
          <ticker value="LOGN"/>
        </identifiers>
        <balance>8374.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".915600000000"/>
        <valUSD>697101.660000000000</valUSD>
        <pctVal>0.8142944169</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>GN Store Nord AS</name>
        <lei>5493008U3H3W0NKPFL10</lei>
        <title>GN Store Nord AS</title>
        <cusip>K4001S214</cusip>
        <identifiers>
          <isin value="DK0010272632"/>
          <ticker value="GN"/>
        </identifiers>
        <balance>7646.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.435000000000"/>
        <valUSD>463988.030000000000</valUSD>
        <pctVal>0.5419910524</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>GEA Group AG</name>
        <lei>549300PHUU0ZZWO8EO07</lei>
        <title>GEA Group AG</title>
        <cusip>D28304109</cusip>
        <identifiers>
          <isin value="DE0006602006"/>
          <ticker value="G1A"/>
        </identifiers>
        <balance>16193.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>797248.560000000000</valUSD>
        <pctVal>0.9312774428</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>Infosys Ltd</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>Infosys Ltd</title>
        <cusip>456788108</cusip>
        <identifiers>
          <isin value="US4567881085"/>
          <ticker value="INFY"/>
        </identifiers>
        <balance>13865.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>308912.200000000000</valUSD>
        <pctVal>0.3608447580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Genmab A/S</name>
        <lei>529900MTJPDPE4MHJ122</lei>
        <title>Genmab A/S</title>
        <cusip>K3967W102</cusip>
        <identifiers>
          <isin value="DK0010272202"/>
          <ticker value="GMAB"/>
        </identifiers>
        <balance>1224.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.435000000000"/>
        <valUSD>548565.030000000000</valUSD>
        <pctVal>0.6407866555</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>Experian PLC</name>
        <lei>635400RXXHHYT1JTSZ26</lei>
        <title>Experian PLC</title>
        <cusip>G32655105</cusip>
        <identifiers>
          <isin value="GB00B19NLV48"/>
          <ticker value="EXPN"/>
        </identifiers>
        <balance>14805.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>678148.830000000000</valUSD>
        <pctVal>0.7921553452</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>Nihon M&amp;A Center Holdings Inc</name>
        <lei>N/A</lei>
        <title>Nihon M&amp;A Center Inc</title>
        <cusip>J50883107</cusip>
        <identifiers>
          <isin value="JP3689050007"/>
          <ticker value="2127"/>
        </identifiers>
        <balance>19256.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>588788.420000000000</valUSD>
        <pctVal>0.6877721725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Post AG</name>
        <lei>8ER8GIG7CSMVD8VUFE78</lei>
        <title>Deutsche Post AG</title>
        <cusip>D19225107</cusip>
        <identifiers>
          <isin value="DE0005552004"/>
          <ticker value="DPW"/>
        </identifiers>
        <balance>10473.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>647956.720000000000</valUSD>
        <pctVal>0.7568875098</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>549300IM1QSBY4SLPM26</lei>
        <title>Telenor ASA</title>
        <cusip>R21882106</cusip>
        <identifiers>
          <isin value="NO0010063308"/>
          <ticker value="TEL"/>
        </identifiers>
        <balance>30608.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="8.447900000000"/>
        <valUSD>483146.910000000000</valUSD>
        <pctVal>0.5643708141</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>SGS SA</name>
        <lei>2138007JNS19JHNA2336</lei>
        <title>SGS SA</title>
        <cusip>H7485A108</cusip>
        <identifiers>
          <isin value="CH0002497458"/>
          <ticker value="SGSN"/>
        </identifiers>
        <balance>198.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".915600000000"/>
        <valUSD>585609.440000000000</valUSD>
        <pctVal>0.6840587605</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>Schneider Electric SE</name>
        <lei>969500A1YF1XUYYXS284</lei>
        <title>Schneider Electric SE</title>
        <cusip>F86921107</cusip>
        <identifiers>
          <isin value="FR0000121972"/>
          <ticker value="SU"/>
        </identifiers>
        <balance>2264.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>389699.550000000000</valUSD>
        <pctVal>0.4552136167</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>China Merchants Bank Co Ltd</name>
        <lei>549300MKO5B60FFIHF58</lei>
        <title>China Merchants Bank Co Ltd</title>
        <cusip>Y14896115</cusip>
        <identifiers>
          <isin value="CNE1000002M1"/>
          <ticker value="3968"/>
        </identifiers>
        <balance>49864.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.780500000000"/>
        <valUSD>420099.630000000000</valUSD>
        <pctVal>0.4907243848</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>Hargreaves Lansdown PLC</name>
        <lei>2138008ZCE93ZDSESG90</lei>
        <title>Hargreaves Lansdown PLC</title>
        <cusip>G43940108</cusip>
        <identifiers>
          <isin value="GB00B1VZ0M25"/>
          <ticker value="HL/"/>
        </identifiers>
        <balance>26088.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>548751.280000000000</valUSD>
        <pctVal>0.6410042168</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>Randstad NV</name>
        <lei>7245009EAAUUQJ0U4T57</lei>
        <title>Randstad NV</title>
        <cusip>N7291Y137</cusip>
        <identifiers>
          <isin value="NL0000379121"/>
          <ticker value="RAND"/>
        </identifiers>
        <balance>7667.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>551283.050000000000</valUSD>
        <pctVal>0.6439616135</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>Allianz SE</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>Allianz SE</title>
        <cusip>D03080112</cusip>
        <identifiers>
          <isin value="DE0008404005"/>
          <ticker value="ALV"/>
        </identifiers>
        <balance>2253.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>523889.890000000000</valUSD>
        <pctVal>0.6119632716</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>Lululemon Athletica Inc</name>
        <lei>549300D9GZ4BMLDW5T40</lei>
        <title>Lululemon Athletica Inc</title>
        <cusip>550021109</cusip>
        <identifiers>
          <isin value="US5500211090"/>
          <ticker value="LULU"/>
        </identifiers>
        <balance>1643.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>765654.430000000000</valUSD>
        <pctVal>0.8943718878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="279606.000000000000"/>
        </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>6998.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>693611.380000000000</valUSD>
        <pctVal>0.8102173709</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>Wolters Kluwer NV</name>
        <lei>724500TEM53I0U077B74</lei>
        <title>Wolters Kluwer NV</title>
        <cusip>N9643A197</cusip>
        <identifiers>
          <isin value="NL0000395903"/>
          <ticker value="WKL"/>
        </identifiers>
        <balance>5953.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>623755.760000000000</valUSD>
        <pctVal>0.7286180223</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>H &amp; M Hennes &amp; Mauritz AB</name>
        <lei>529900O5RR7R39FRDM42</lei>
        <title>Hennes &amp; Mauritz AB</title>
        <cusip>W41422101</cusip>
        <identifiers>
          <isin value="SE0000106270"/>
          <ticker value="HMB"/>
        </identifiers>
        <balance>38979.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.588000000000"/>
        <valUSD>730833.560000000000</valUSD>
        <pctVal>0.8536971316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="613876.450000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Geberit AG</name>
        <lei>52990093Z5OHD6T7BS47</lei>
        <title>Geberit AG</title>
        <cusip>H2942E124</cusip>
        <identifiers>
          <isin value="CH0030170408"/>
          <ticker value="GEBN"/>
        </identifiers>
        <balance>750.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".915600000000"/>
        <valUSD>585517.690000000000</valUSD>
        <pctVal>0.6839515860</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>DSV A/S</name>
        <lei>529900X41C0BSLK67H70</lei>
        <title>DSV PANALPINA A/S</title>
        <cusip>K3186P102</cusip>
        <identifiers>
          <isin value="DK0060079531"/>
          <ticker value="DSV"/>
        </identifiers>
        <balance>2055.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.435000000000"/>
        <valUSD>477583.920000000000</valUSD>
        <pctVal>0.5578726059</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>Jeronimo Martins SGPS SA</name>
        <lei>259400A8SZP10GB5IB19</lei>
        <title>Jeronimo Martins SGPS SA</title>
        <cusip>X40338109</cusip>
        <identifiers>
          <isin value="PTJMT0AE0001"/>
          <ticker value="JMT"/>
        </identifiers>
        <balance>19747.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>447420.610000000000</valUSD>
        <pctVal>0.5226384122</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>Reckitt Benckiser Group PLC</name>
        <lei>5493003JFSMOJG48V108</lei>
        <title>Reckitt Benckiser Group PLC</title>
        <cusip>G74079107</cusip>
        <identifiers>
          <isin value="GB00B24CGK77"/>
          <ticker value="RB/"/>
        </identifiers>
        <balance>5678.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>460409.880000000000</valUSD>
        <pctVal>0.5378113642</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>ZOZO Inc</name>
        <lei>549300GC7XPQMZA0OW13</lei>
        <title>ZOZO Inc</title>
        <cusip>J9893A108</cusip>
        <identifiers>
          <isin value="JP3399310006"/>
          <ticker value="3092"/>
        </identifiers>
        <balance>19080.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>610191.710000000000</valUSD>
        <pctVal>0.7127736616</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>RELX PLC</name>
        <lei>549300WSX3VBUFFJOO66</lei>
        <title>RELX PLC</title>
        <cusip>G7493L105</cusip>
        <identifiers>
          <isin value="GB00B2B0DG97"/>
          <ticker value="REL"/>
        </identifiers>
        <balance>33584.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>1040566.250000000000</valUSD>
        <pctVal>1.2155003157</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>Ericsson</name>
        <lei>549300W9JLPW15XIFM52</lei>
        <title>Telefonaktiebolaget LM Ericsson</title>
        <cusip>W26049119</cusip>
        <identifiers>
          <isin value="SE0000108656"/>
          <ticker value="ERICB"/>
        </identifiers>
        <balance>34691.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.588000000000"/>
        <valUSD>379710.530000000000</valUSD>
        <pctVal>0.4435452996</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>Zurich Insurance Group AG</name>
        <lei>529900QVNRBND50TXP03</lei>
        <title>Zurich Insurance Group AG</title>
        <cusip>H9870Y105</cusip>
        <identifiers>
          <isin value="CH0011075394"/>
          <ticker value="ZURN"/>
        </identifiers>
        <balance>1614.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".915600000000"/>
        <valUSD>715511.800000000000</valUSD>
        <pctVal>0.8357995647</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>Pandora A/S</name>
        <lei>5299007OWYZ6I1E46843</lei>
        <title>Pandora A/S</title>
        <cusip>K7681L102</cusip>
        <identifiers>
          <isin value="DK0060252690"/>
          <ticker value="PNDORA"/>
        </identifiers>
        <balance>4222.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.435000000000"/>
        <valUSD>589570.970000000000</valUSD>
        <pctVal>0.6886862803</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>Dollarama Inc</name>
        <lei>5493002GJ0NJP1HI0C79</lei>
        <title>Dollarama Inc</title>
        <cusip>25675T107</cusip>
        <identifiers>
          <isin value="CA25675T1075"/>
          <ticker value="DOL"/>
        </identifiers>
        <balance>11571.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.237600000000"/>
        <valUSD>523013.690000000000</valUSD>
        <pctVal>0.6109397699</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>Fortescue Metals Group Ltd</name>
        <lei>529900VEJFORCO6I4826</lei>
        <title>Fortescue Metals Group Ltd</title>
        <cusip>Q39360104</cusip>
        <identifiers>
          <isin value="AU000000FMG4"/>
          <ticker value="FMG"/>
        </identifiers>
        <balance>25593.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.329350000000"/>
        <valUSD>268184.070000000000</valUSD>
        <pctVal>0.3132696469</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>Telstra Corp Ltd</name>
        <lei>PCTXNQGRJVR3OG33JG65</lei>
        <title>Telstra Corp Ltd</title>
        <cusip>Q8975N105</cusip>
        <identifiers>
          <isin value="AU000000TLS2"/>
          <ticker value="TLS"/>
        </identifiers>
        <balance>135638.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.329350000000"/>
        <valUSD>389767.300000000000</valUSD>
        <pctVal>0.4552927564</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>Trend Micro Inc/Japan</name>
        <lei>3538005O5UJ5RNAGVE16</lei>
        <title>Trend Micro Inc/Japan</title>
        <cusip>J9298Q104</cusip>
        <identifiers>
          <isin value="JP3637300009"/>
          <ticker value="4704"/>
        </identifiers>
        <balance>17716.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>999463.740000000000</valUSD>
        <pctVal>1.1674878860</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>BHP Group Ltd</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP Group Ltd</title>
        <cusip>Q1498M100</cusip>
        <identifiers>
          <isin value="AU000000BHP4"/>
          <ticker value="BHP"/>
        </identifiers>
        <balance>24929.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.329350000000"/>
        <valUSD>685976.470000000000</valUSD>
        <pctVal>0.8012989234</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>Segro PLC</name>
        <lei>213800XC35KGM9NFC641</lei>
        <title>Segro PLC</title>
        <cusip>G80277141</cusip>
        <identifiers>
          <isin value="GB00B5ZN1N88"/>
          <ticker value="SGRO"/>
        </identifiers>
        <balance>21485.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>380037.810000000000</valUSD>
        <pctVal>0.4439276000</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>James Hardie Industries PLC</name>
        <lei>635400NSGXKTVOO7JU45</lei>
        <title>James Hardie Industries PLC</title>
        <cusip>G4253H119</cusip>
        <identifiers>
          <isin value="AU000000JHX1"/>
          <ticker value="JHX"/>
        </identifiers>
        <balance>19562.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.329350000000"/>
        <valUSD>760053.640000000000</valUSD>
        <pctVal>0.8878295249</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>Edenred</name>
        <lei>9695006LOD5B2D7Y0N70</lei>
        <title>Edenred</title>
        <cusip>F3192L109</cusip>
        <identifiers>
          <isin value="FR0010908533"/>
          <ticker value="EDEN"/>
        </identifiers>
        <balance>8472.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>458049.180000000000</valUSD>
        <pctVal>0.5350537968</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>Novozymes A/S</name>
        <lei>529900T6WNZXD2R3JW38</lei>
        <title>Novozymes A/S</title>
        <cusip>K7317J133</cusip>
        <identifiers>
          <isin value="DK0060336014"/>
          <ticker value="NZYMB"/>
        </identifiers>
        <balance>8891.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.435000000000"/>
        <valUSD>653802.830000000000</valUSD>
        <pctVal>0.7637164344</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>Coloplast A/S</name>
        <lei>529900NN7SOJ5QG82X67</lei>
        <title>Coloplast A/S</title>
        <cusip>K16018192</cusip>
        <identifiers>
          <isin value="DK0060448595"/>
          <ticker value="COLOB"/>
        </identifiers>
        <balance>2642.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.435000000000"/>
        <valUSD>430685.000000000000</valUSD>
        <pctVal>0.5030893069</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>Xero Ltd</name>
        <lei>254900UG5D8YST164N14</lei>
        <title>Xero Ltd</title>
        <cusip>Q98665104</cusip>
        <identifiers>
          <isin value="NZXROE0001S2"/>
          <ticker value="XRO"/>
        </identifiers>
        <balance>4025.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.329350000000"/>
        <valUSD>452685.710000000000</valUSD>
        <pctVal>0.5287886508</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>CSL Ltd</name>
        <lei>529900ECSECK5ZDQTE14</lei>
        <title>CSL Ltd</title>
        <cusip>Q3018U109</cusip>
        <identifiers>
          <isin value="AU000000CSL8"/>
          <ticker value="CSL"/>
        </identifiers>
        <balance>1873.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.329350000000"/>
        <valUSD>423378.170000000000</valUSD>
        <pctVal>0.4945540943</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>Commonwealth Bank of Australia</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
        <title>Commonwealth Bank of Australia</title>
        <cusip>Q26915100</cusip>
        <identifiers>
          <isin value="AU000000CBA7"/>
          <ticker value="CBA"/>
        </identifiers>
        <balance>11447.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.329350000000"/>
        <valUSD>901396.890000000000</valUSD>
        <pctVal>1.0529345963</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 Group Inc</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>Rakuten Inc</title>
        <cusip>J64264104</cusip>
        <identifiers>
          <isin value="JP3967200001"/>
          <ticker value="4755"/>
        </identifiers>
        <balance>29124.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>319412.150000000000</valUSD>
        <pctVal>0.3731098997</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>KDDI Corp</name>
        <lei>5299003FU7V4I45FU310</lei>
        <title>KDDI Corp</title>
        <cusip>J31843105</cusip>
        <identifiers>
          <isin value="JP3496400007"/>
          <ticker value="9433"/>
        </identifiers>
        <balance>15820.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>489694.760000000000</valUSD>
        <pctVal>0.5720194513</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>ASML Holding NV</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML Holding NV</title>
        <cusip>N07059202</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
          <ticker value="ASML"/>
        </identifiers>
        <balance>2258.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>1828482.750000000000</valUSD>
        <pctVal>2.1358768457</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>Atlas Copco AB</name>
        <lei>213800T8PC8Q4FYJZR07</lei>
        <title>Atlas Copco AB</title>
        <cusip>W1R924161</cusip>
        <identifiers>
          <isin value="SE0011166610"/>
          <ticker value="ATCOA"/>
        </identifiers>
        <balance>19094.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.588000000000"/>
        <valUSD>1226836.190000000000</valUSD>
        <pctVal>1.4330848961</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>Daito Trust Cons</name>
        <lei>353800QQ4DRI3KXS3038</lei>
        <title>Daito Trust Construction Co Ltd</title>
        <cusip>J11151107</cusip>
        <identifiers>
          <isin value="JP3486800000"/>
          <ticker value="1878"/>
        </identifiers>
        <balance>4432.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>549066.370000000000</valUSD>
        <pctVal>0.6413722779</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>HKEX</name>
        <lei>213800YTVSXYQN17BW16</lei>
        <title>Hong Kong Exchanges &amp; Clearing Ltd</title>
        <cusip>Y3506N139</cusip>
        <identifiers>
          <isin value="HK0388045442"/>
          <ticker value="388"/>
        </identifiers>
        <balance>14370.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.780500000000"/>
        <valUSD>869532.290000000000</valUSD>
        <pctVal>1.0157131014</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>Sika AG</name>
        <lei>549300R3N69ECGYPU434</lei>
        <title>Sika AG</title>
        <cusip>H7631K273</cusip>
        <identifiers>
          <isin value="CH0418792922"/>
          <ticker value="SIKA"/>
        </identifiers>
        <balance>2361.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".915600000000"/>
        <valUSD>799377.460000000000</valUSD>
        <pctVal>0.9337642413</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>SoftBank Corp</name>
        <lei>353800M1YCTS9JRBJ535</lei>
        <title>SoftBank Corp</title>
        <cusip>J75963132</cusip>
        <identifiers>
          <isin value="JP3732000009"/>
          <ticker value="9434"/>
        </identifiers>
        <balance>38264.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>521881.010000000000</valUSD>
        <pctVal>0.6096166702</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>Singapore Exchange Ltd</name>
        <lei>549300IQ650PPXM76X03</lei>
        <title>Singapore Exchange Ltd</title>
        <cusip>Y79946102</cusip>
        <identifiers>
          <isin value="SG1J26887955"/>
          <ticker value="SGX"/>
        </identifiers>
        <balance>62360.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.348500000000"/>
        <valUSD>447641.680000000000</valUSD>
        <pctVal>0.5228966472</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>Fast Retailing Co Ltd</name>
        <lei>353800ZCXKHDPY0N5218</lei>
        <title>Fast Retailing Co Ltd</title>
        <cusip>J1346E100</cusip>
        <identifiers>
          <isin value="JP3802300008"/>
          <ticker value="9983"/>
        </identifiers>
        <balance>764.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>506160.470000000000</valUSD>
        <pctVal>0.5912532826</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>Mitsubishi UFJ Financial Group</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group Inc</title>
        <cusip>J44497105</cusip>
        <identifiers>
          <isin value="JP3902900004"/>
          <ticker value="8306"/>
        </identifiers>
        <balance>56364.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>307844.620000000000</valUSD>
        <pctVal>0.3595977025</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>Nomura Research Institute Ltd</name>
        <lei>5299005F1HCVF4M4QN79</lei>
        <title>Nomura Research Institute Ltd</title>
        <cusip>J5900F106</cusip>
        <identifiers>
          <isin value="JP3762800005"/>
          <ticker value="4307"/>
        </identifiers>
        <balance>13408.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>534084.840000000000</valUSD>
        <pctVal>0.6238721385</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>Iida Group Holdings Co Ltd</name>
        <lei>35380051BV8PV1I4S949</lei>
        <title>Iida Group Holdings Co Ltd</title>
        <cusip>J23426109</cusip>
        <identifiers>
          <isin value="JP3131090007"/>
          <ticker value="3291"/>
        </identifiers>
        <balance>18600.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>457431.890000000000</valUSD>
        <pctVal>0.5343327315</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>Novo Nordisk A/S</name>
        <lei>549300DAQ1CVT6CXN342</lei>
        <title>Novo Nordisk A/S</title>
        <cusip>K72807132</cusip>
        <identifiers>
          <isin value="DK0060534915"/>
          <ticker value="NOVOB"/>
        </identifiers>
        <balance>16288.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.435000000000"/>
        <valUSD>1782694.390000000000</valUSD>
        <pctVal>2.0823908077</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>NetEase Inc</name>
        <lei>5299004AF4DSJDB0PA32</lei>
        <title>NetEase Inc</title>
        <cusip>64110W102</cusip>
        <identifiers>
          <isin value="US64110W1027"/>
          <ticker value="NTES"/>
        </identifiers>
        <balance>4193.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>409194.870000000000</valUSD>
        <pctVal>0.4779863787</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>Nice Ltd</name>
        <lei>254900YTY4EF5Z4W0A51</lei>
        <title>Nice Ltd</title>
        <cusip>653656108</cusip>
        <identifiers>
          <isin value="US6536561086"/>
          <ticker value="NICE"/>
        </identifiers>
        <balance>1307.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>369907.140000000000</valUSD>
        <pctVal>0.4320938195</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1415.100000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WSP Global Inc</name>
        <lei>549300IQ87LU6X6ERQ78</lei>
        <title>WSP Global Inc</title>
        <cusip>92938W202</cusip>
        <identifiers>
          <isin value="CA92938W2022"/>
          <ticker value="WSP"/>
        </identifiers>
        <balance>3315.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.237600000000"/>
        <valUSD>449410.710000000000</valUSD>
        <pctVal>0.5249630765</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>CGI Inc</name>
        <lei>549300WSRCZY73ZG3090</lei>
        <title>CGI Inc</title>
        <cusip>12532H104</cusip>
        <identifiers>
          <isin value="CA12532H1047"/>
          <ticker value="GIB/A"/>
        </identifiers>
        <balance>7841.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.237600000000"/>
        <valUSD>700469.420000000000</valUSD>
        <pctVal>0.8182283455</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>Ferguson PLC</name>
        <lei>213800DU1LGY3R2S2X42</lei>
        <title>Ferguson PLC</title>
        <cusip>G3421J106</cusip>
        <identifiers>
          <isin value="JE00BJVNSS43"/>
          <ticker value="FERG"/>
        </identifiers>
        <balance>6343.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>954444.850000000000</valUSD>
        <pctVal>1.1149006769</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>Epiroc AB</name>
        <lei>5493004Q73OEYW1SPE91</lei>
        <title>Epiroc AB</title>
        <cusip>W25918124</cusip>
        <identifiers>
          <isin value="SE0015658109"/>
          <ticker value="EPIA"/>
        </identifiers>
        <balance>23919.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.588000000000"/>
        <valUSD>595189.830000000000</valUSD>
        <pctVal>0.6952497510</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>BYD Co Ltd</name>
        <lei>5299005557VL7ULJ7A69</lei>
        <title>BYD Co Ltd</title>
        <cusip>Y1023R104</cusip>
        <identifiers>
          <isin value="CNE100000296"/>
          <ticker value="1211"/>
        </identifiers>
        <balance>14148.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.780500000000"/>
        <valUSD>539335.110000000000</valUSD>
        <pctVal>0.6300050539</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>Nintendo Co Ltd</name>
        <lei>353800FEEXU6I9M0ZF27</lei>
        <title>Nintendo Co Ltd</title>
        <cusip>J51699106</cusip>
        <identifiers>
          <isin value="JP3756600007"/>
          <ticker value="7974"/>
        </identifiers>
        <balance>1308.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>576105.290000000000</valUSD>
        <pctVal>0.6729568270</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>Investor AB</name>
        <lei>549300VEBQPHRZBKUX38</lei>
        <title>Investor AB</title>
        <cusip>W5R777115</cusip>
        <identifiers>
          <isin value="SE0015811963"/>
          <ticker value="INVEB"/>
        </identifiers>
        <balance>33615.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.588000000000"/>
        <valUSD>774616.730000000000</valUSD>
        <pctVal>0.9048408786</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>FinecoBank Banca Fineco SpA</name>
        <lei>549300L7YCATGO57ZE10</lei>
        <title>FinecoBank Banca Fineco SpA</title>
        <cusip>T4R999104</cusip>
        <identifiers>
          <isin value="IT0000072170"/>
          <ticker value="FBK"/>
        </identifiers>
        <balance>40287.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>769134.510000000000</valUSD>
        <pctVal>0.8984370190</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>Kakaku.com Inc</name>
        <lei>353800KA15Y0DCPWYY65</lei>
        <title>Kakaku.com Inc</title>
        <cusip>J29258100</cusip>
        <identifiers>
          <isin value="JP3206000006"/>
          <ticker value="2371"/>
        </identifiers>
        <balance>29301.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>967916.340000000000</valUSD>
        <pctVal>1.1306369170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Exchange Group Inc</name>
        <lei>353800578ADEGIJTVW07</lei>
        <title>Japan Exchange Group Inc</title>
        <cusip>J2740B106</cusip>
        <identifiers>
          <isin value="JP3183200009"/>
          <ticker value="8697"/>
        </identifiers>
        <balance>20140.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>475956.040000000000</valUSD>
        <pctVal>0.5559710560</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>Sharp Corp/Japan</name>
        <lei>353800YEPK9PD7QO3449</lei>
        <title>Sharp Corp/Japan</title>
        <cusip>J71434112</cusip>
        <identifiers>
          <isin value="JP3359600008"/>
          <ticker value="6753"/>
        </identifiers>
        <balance>30740.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>361678.790000000000</valUSD>
        <pctVal>0.4224821662</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>Sonic Healthcare Ltd</name>
        <lei>549300NQQ5L2NONWR862</lei>
        <title>Sonic Healthcare Ltd</title>
        <cusip>Q8563C107</cusip>
        <identifiers>
          <isin value="AU000000SHL7"/>
          <ticker value="SHL"/>
        </identifiers>
        <balance>11351.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.329350000000"/>
        <valUSD>341806.540000000000</valUSD>
        <pctVal>0.3992691069</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>Sysmex Corp</name>
        <lei>5299001ZO4CKWACMZI55</lei>
        <title>Sysmex Corp</title>
        <cusip>J7864H102</cusip>
        <identifiers>
          <isin value="JP3351100007"/>
          <ticker value="6869"/>
        </identifiers>
        <balance>2704.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>333803.730000000000</valUSD>
        <pctVal>0.3899209101</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>1341.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>621819.260000000000</valUSD>
        <pctVal>0.7263559690</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>Kinnevik AB</name>
        <lei>2138006PZH76JOS6MN27</lei>
        <title>Kinnevik AB</title>
        <cusip>W5139V646</cusip>
        <identifiers>
          <isin value="SE0015810247"/>
          <ticker value="KINVB"/>
        </identifiers>
        <balance>14847.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.588000000000"/>
        <valUSD>582003.090000000000</valUSD>
        <pctVal>0.6798461315</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>Hexagon AB</name>
        <lei>549300WJFW6ILNI4TA80</lei>
        <title>Hexagon AB</title>
        <cusip>W4R431112</cusip>
        <identifiers>
          <isin value="SE0015961909"/>
          <ticker value="HEXAB"/>
        </identifiers>
        <balance>29337.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.588000000000"/>
        <valUSD>471414.300000000000</valUSD>
        <pctVal>0.5506657846</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>Electrolux AB</name>
        <lei>549300Y3HHZB1ZGFPJ93</lei>
        <title>Electrolux AB</title>
        <cusip>W0R34B150</cusip>
        <identifiers>
          <isin value="SE0016589188"/>
          <ticker value="ELUXB"/>
        </identifiers>
        <balance>20596.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.588000000000"/>
        <valUSD>467415.040000000000</valUSD>
        <pctVal>0.5459941918</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>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>15763.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>1047224.710000000000</valUSD>
        <pctVal>1.2232781580</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>Wesfarmers Ltd</name>
        <lei>5493003L32ZX9557ST85</lei>
        <title>Wesfarmers Ltd</title>
        <cusip>Q95870103</cusip>
        <identifiers>
          <isin value="AU000000WES1"/>
          <ticker value="WES"/>
        </identifiers>
        <balance>11843.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.329350000000"/>
        <valUSD>510032.530000000000</valUSD>
        <pctVal>0.5957762912</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>Astellas Pharma Inc</name>
        <lei>529900IB708DY2HBBB35</lei>
        <title>Astellas Pharma Inc</title>
        <cusip>J03393105</cusip>
        <identifiers>
          <isin value="JP3942400007"/>
          <ticker value="4503"/>
        </identifiers>
        <balance>36552.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>614785.560000000000</valUSD>
        <pctVal>0.7181398035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Boerse AG</name>
        <lei>529900G3SW56SHYNPR95</lei>
        <title>Deutsche Boerse AG</title>
        <cusip>D1882G119</cusip>
        <identifiers>
          <isin value="DE0005810055"/>
          <ticker value="DB1"/>
        </identifiers>
        <balance>3074.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>510290.040000000000</valUSD>
        <pctVal>0.5960770924</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>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG</title>
        <cusip>H5820Q150</cusip>
        <identifiers>
          <isin value="CH0012005267"/>
          <ticker value="NOVN"/>
        </identifiers>
        <balance>10612.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".915600000000"/>
        <valUSD>876683.790000000000</valUSD>
        <pctVal>1.0240668708</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>Roche Holding AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>Roche Holding AG</title>
        <cusip>H69293217</cusip>
        <identifiers>
          <isin value="CH0012032048"/>
          <ticker value="ROG"/>
        </identifiers>
        <balance>3666.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".915600000000"/>
        <valUSD>1417592.070000000000</valUSD>
        <pctVal>1.6559095671</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>Temenos AG</name>
        <lei>5067007NW6550481FH64</lei>
        <title>Temenos AG</title>
        <cusip>H8547Q107</cusip>
        <identifiers>
          <isin value="CH0012453913"/>
          <ticker value="TEMN"/>
        </identifiers>
        <balance>4663.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".915600000000"/>
        <valUSD>712233.020000000000</valUSD>
        <pctVal>0.8319695749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Straumann Holding AG</name>
        <lei>50670046ML5FVIM60Z37</lei>
        <title>Straumann Holding AG</title>
        <cusip>H8300N119</cusip>
        <identifiers>
          <isin value="CH0012280076"/>
          <ticker value="STMN"/>
        </identifiers>
        <balance>238.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".915600000000"/>
        <valUSD>494403.670000000000</valUSD>
        <pctVal>0.5775199964</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>Petroleo Brasileiro SA</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>Petroleo Brasileiro SA</title>
        <cusip>71654V408</cusip>
        <identifiers>
          <isin value="US71654V4086"/>
          <ticker value="PBR"/>
        </identifiers>
        <balance>32747.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>321575.540000000000</valUSD>
        <pctVal>0.3756369865</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>Coles Group Ltd</name>
        <lei>549300OHQRG2HN8LZ793</lei>
        <title>Coles Group Ltd</title>
        <cusip>Q26203408</cusip>
        <identifiers>
          <isin value="AU0000030678"/>
          <ticker value="COL"/>
        </identifiers>
        <balance>51715.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.329350000000"/>
        <valUSD>666788.360000000000</valUSD>
        <pctVal>0.7788850177</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>JD Sports Fashion PLC</name>
        <lei>213800HROV6Y9MUU8375</lei>
        <title>JD Sports Fashion PLC</title>
        <cusip>G5144Y112</cusip>
        <identifiers>
          <isin value="GB00BYX91H57"/>
          <ticker value="JD/"/>
        </identifiers>
        <balance>61526.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>916111.780000000000</valUSD>
        <pctVal>1.0701232697</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>Atlassian Corp PLC</name>
        <lei>549300AGBII4MWBVJY22</lei>
        <title>Atlassian Corp PLC</title>
        <cusip>G06242104</cusip>
        <identifiers>
          <isin value="GB00BZ09BD16"/>
          <ticker value="TEAM"/>
        </identifiers>
        <balance>3910.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1791288.300000000000</valUSD>
        <pctVal>2.0924294769</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>G1151C101</cusip>
        <identifiers>
          <isin value="IE00B4BNMY34"/>
          <ticker value="ACN"/>
        </identifiers>
        <balance>2803.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1005688.370000000000</valUSD>
        <pctVal>1.1747589653</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>ICON PLC</name>
        <lei>6354008SRQGEMC4XFI67</lei>
        <title>ICON PLC</title>
        <cusip>G4705A100</cusip>
        <identifiers>
          <isin value="IE0005711209"/>
          <ticker value="ICLR"/>
        </identifiers>
        <balance>3270.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>937737.900000000000</valUSD>
        <pctVal>1.0953850497</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>Check Point Software Technolog</name>
        <lei>2549003ZVBH73EPNS513</lei>
        <title>Check Point Software Technologies Ltd</title>
        <cusip>M22465104</cusip>
        <identifiers>
          <isin value="IL0010824113"/>
          <ticker value="CHKP"/>
        </identifiers>
        <balance>4422.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>528871.200000000000</valUSD>
        <pctVal>0.6177820110</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>Lundin Energy AB</name>
        <lei>549300IULC8F8IGXKI15</lei>
        <title>Lundin Energy AB</title>
        <cusip>W64566107</cusip>
        <identifiers>
          <isin value="SE0000825820"/>
          <ticker value="LUNE"/>
        </identifiers>
        <balance>17131.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.588000000000"/>
        <valUSD>676622.640000000000</valUSD>
        <pctVal>0.7903725808</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>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
        <cusip>780087102</cusip>
        <identifiers>
          <isin value="CA7800871021"/>
          <ticker value="RY"/>
        </identifiers>
        <balance>13082.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1360658.820000000000</valUSD>
        <pctVal>1.5894050237</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>Vale SA</name>
        <lei>254900SMTWBX7RU2SR20</lei>
        <title>Vale SA</title>
        <cusip>91912E105</cusip>
        <identifiers>
          <isin value="US91912E1055"/>
          <ticker value="VALE"/>
        </identifiers>
        <balance>38634.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>491810.820000000000</valUSD>
        <pctVal>0.5744912512</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>Vipshop Holdings Ltd</name>
        <lei>549300I9F52K06HPZX60</lei>
        <title>Vipshop Holdings Ltd</title>
        <cusip>92763W103</cusip>
        <identifiers>
          <isin value="US92763W1036"/>
          <ticker value="VIPS"/>
        </identifiers>
        <balance>5303.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>59181.480000000000</valUSD>
        <pctVal>0.0691307330</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>Mount Vernon Liquid Assets Portfolio, LLC</name>
        <lei>N/A</lei>
        <title>Mount Vernon Liquid Assets Portfolio, LLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="USER DEFINED" value="990VR1110"/>
        </identifiers>
        <balance>1165535.200000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1165535.200000000000</valUSD>
        <pctVal>1.3614783331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="1165535.200000000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PING AN</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>Ping An Insurance Group Co of China Ltd</title>
        <cusip>Y69790106</cusip>
        <identifiers>
          <isin value="CNE1000003X6"/>
          <ticker value="2318"/>
        </identifiers>
        <balance>17246.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.780500000000"/>
        <valUSD>123906.100000000000</valUSD>
        <pctVal>0.1447364871</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>Admiral Group PLC</name>
        <lei>213800FGVM7Z9EJB2685</lei>
        <title>Admiral Group PLC</title>
        <cusip>G0110T106</cusip>
        <identifiers>
          <isin value="GB00B02J6398"/>
          <ticker value="ADM"/>
        </identifiers>
        <balance>10434.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>409820.450000000000</valUSD>
        <pctVal>0.4787171277</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>M3 Inc</name>
        <lei>N/A</lei>
        <title>M3 Inc</title>
        <cusip>J4697J108</cusip>
        <identifiers>
          <isin value="JP3435750009"/>
          <ticker value="2413"/>
        </identifiers>
        <balance>5408.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="113.975000000000"/>
        <valUSD>318287.910000000000</valUSD>
        <pctVal>0.3717966589</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>CNH Industrial NV</name>
        <lei>549300WGC2HZ5J67V817</lei>
        <title>CNH Industrial NV</title>
        <cusip>N20944109</cusip>
        <identifiers>
          <isin value="NL0010545661"/>
          <ticker value="CNHI"/>
        </identifiers>
        <balance>73473.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1257123.030000000000</valUSD>
        <pctVal>1.4684633869</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>Goodman Group</name>
        <lei>N/A</lei>
        <title>Goodman Group</title>
        <cusip>Q4229W132</cusip>
        <identifiers>
          <isin value="AU000000GMG2"/>
          <ticker value="GMG"/>
        </identifiers>
        <balance>39535.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.329350000000"/>
        <valUSD>651308.160000000000</valUSD>
        <pctVal>0.7608023747</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>Neste Oyj</name>
        <lei>5493009GY1X8GQ66AM14</lei>
        <title>Neste Oyj</title>
        <cusip>X5688A109</cusip>
        <identifiers>
          <isin value="FI0009013296"/>
          <ticker value="NESTE"/>
        </identifiers>
        <balance>7910.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>440648.400000000000</valUSD>
        <pctVal>0.5147276969</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>Bunzl PLC</name>
        <lei>213800Q1Q9DV4L78UM09</lei>
        <title>Bunzl PLC</title>
        <cusip>G16968110</cusip>
        <identifiers>
          <isin value="GB00B0744B38"/>
          <ticker value="BNZL"/>
        </identifiers>
        <balance>13921.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>514774.080000000000</valUSD>
        <pctVal>0.6013149636</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>Domino's Pizza Enterprises Ltd</name>
        <lei>54930034RFI409JZ3179</lei>
        <title>Domino's Pizza Enterprises Ltd</title>
        <cusip>Q32503106</cusip>
        <identifiers>
          <isin value="AU000000DMP0"/>
          <ticker value="DMP"/>
        </identifiers>
        <balance>8383.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.329350000000"/>
        <valUSD>854222.880000000000</valUSD>
        <pctVal>0.9978299607</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>Rentokil Initial PLC</name>
        <lei>549300VN4WV7Z6T14K68</lei>
        <title>Rentokil Initial PLC</title>
        <cusip>G7494G105</cusip>
        <identifiers>
          <isin value="GB00B082RF11"/>
          <ticker value="RTO"/>
        </identifiers>
        <balance>54228.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".730700000000"/>
        <valUSD>436673.810000000000</valUSD>
        <pctVal>0.5100849215</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>Kone Oyj</name>
        <lei>2138001CNF45JP5XZK38</lei>
        <title>Kone Oyj</title>
        <cusip>X4551T105</cusip>
        <identifiers>
          <isin value="FI0009013403"/>
          <ticker value="KNEBV"/>
        </identifiers>
        <balance>11007.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".865050000000"/>
        <valUSD>750214.110000000000</valUSD>
        <pctVal>0.8763358292</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-11-23</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>
