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      </invstOrSec>
      <invstOrSec>
        <name>Tesco PLC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Poste Italiane SpA</name>
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          <isin value="IT0003796171"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ABN AMRO Bank NV</name>
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          <isin value="NL0011540547"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mowi ASA</name>
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        <cusip>000000000</cusip>
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          <isin value="NO0003054108"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Securitas AB</name>
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          <isin value="SE0000163594"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nippon Steel Corp</name>
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        <title>Nippon Steel Corp</title>
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          <isin value="JP3381000003"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nippon Shokubai Co Ltd</name>
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          <isin value="JP3715200006"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CK Infrastructure Holdings Ltd</name>
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          <isin value="BMG2178K1009"/>
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        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Origin Energy Ltd</name>
        <lei>ZSN2LWNPYW6ISMRUC664</lei>
        <title>Origin Energy Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000ORG5"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Reckitt Benckiser Group PLC</name>
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          <isin value="GB00B24CGK77"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>UBS Securities LLC</name>
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        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
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        <name>Kingfisher PLC</name>
        <lei>213800KBMEV7I92FY281</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Orange SA</name>
        <lei>969500MCOONR8990S771</lei>
        <title>Orange SA</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CapitaLand Integrated Commerci</name>
        <lei>54930031292WUTXF0L29</lei>
        <title>CapitaLand Integrated Commercial Trust</title>
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          <ticker value="CICT"/>
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        <name>Imperial Brands PLC</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>Imperial Brands PLC</title>
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        <name>Holcim AG</name>
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        <title>Holcim AG</title>
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        <name>Sekisui House Ltd</name>
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        <title>Sekisui House Ltd</title>
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        <name>Haseko Corp</name>
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        <title>Haseko Corp</title>
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        <name>MEIJI Holdings Co Ltd</name>
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        <title>MEIJI Holdings Co Ltd</title>
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        <name>SoftBank Corp</name>
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        <title>SoftBank Corp</title>
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        <name>Terna - Rete Elettrica Naziona</name>
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        <title>Terna - Rete Elettrica Nazionale</title>
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        <invCountry>IT</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>State Street Bank and Trust Company</name>
        <lei>571474TGEMMWANRLN572</lei>
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        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00086734"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>State Street Bank and Trust Company</counterpartyName>
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      <invstOrSec>
        <name>Signify NV</name>
        <lei>549300072P3J1X8NZO35</lei>
        <title>Signify NV</title>
        <cusip>000000000</cusip>
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          <isin value="NL0011821392"/>
          <ticker value="LIGHT"/>
          <other otherDesc="SEDOL" value="BYY7VY5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kirin Holdings Co Ltd</name>
        <lei>353800GBVL72LLMTYM96</lei>
        <title>Kirin Holdings Co Ltd</title>
        <cusip>497350108</cusip>
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          <isin value="JP3258000003"/>
          <ticker value="2503"/>
          <other otherDesc="SEDOL" value="6493745"/>
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        <balance>572557.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aker BP ASA</name>
        <lei>549300NFTY73920OYK69</lei>
        <title>Aker BP ASA</title>
        <cusip>000000000</cusip>
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          <isin value="NO0010345853"/>
          <ticker value="AKRBP"/>
          <other otherDesc="SEDOL" value="B1L95G3"/>
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        <balance>234439.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mediobanca Banca di Credito Fi</name>
        <lei>PSNL19R2RXX5U3QWHI44</lei>
        <title>Mediobanca Banca di Credito Finanziario SpA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0000062957"/>
          <ticker value="MB"/>
          <other otherDesc="SEDOL" value="4574813"/>
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        <balance>596193.00000000</balance>
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        <pctVal>0.477074665712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sojitz Corp</name>
        <lei>5493004SE33MRLPB1W98</lei>
        <title>Sojitz Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3663900003"/>
          <ticker value="2768"/>
          <other otherDesc="SEDOL" value="6594143"/>
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        <balance>259300.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Swire Pacific Ltd</name>
        <lei>549300KZOZHII0DGF611</lei>
        <title>Swire Pacific Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="HK0019000162"/>
          <ticker value="19"/>
          <other otherDesc="SEDOL" value="6867748"/>
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        <balance>267509.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.78030000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Klepierre SA</name>
        <lei>969500PB4U31KEFHZ621</lei>
        <title>Klepierre SA</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000121964"/>
          <ticker value="LI"/>
          <other otherDesc="SEDOL" value="7582556"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oversea-Chinese Banking Corp L</name>
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        <cusip>000000000</cusip>
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          <isin value="SG1S04926220"/>
          <ticker value="OCBC"/>
          <other otherDesc="SEDOL" value="B0F9V20"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Power Assets Holdings Ltd</name>
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        <title>Power Assets Holdings Ltd</title>
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          <isin value="HK0006000050"/>
          <ticker value="6"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nordea Bank Abp</name>
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          <isin value="FI4000297767"/>
          <ticker value="NDA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>State Street Bank and Trust Company</name>
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      <invstOrSec>
        <name>Invesco Treasury Portfolio</name>
        <lei>5493004B3TM8ZIDDDC39</lei>
        <title>Invesco Treasury Portfolio</title>
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          <ticker value="TRPXX"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Volkswagen AG</name>
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        <title>Volkswagen AG</title>
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          <ticker value="VOW3"/>
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        <assetCat>EP</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Japan Tobacco Inc</name>
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        <title>Japan Tobacco Inc</title>
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          <isin value="JP3726800000"/>
          <ticker value="2914"/>
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        <name>Swedbank AB</name>
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        <title>Swedbank AB</title>
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        <name>Rio Tinto PLC</name>
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        <title>Rio Tinto PLC</title>
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        <name>Genting Singapore Ltd</name>
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        <name>Asahi Kasei Corp</name>
        <lei>353800GPI4Z3MGDGN142</lei>
        <title>Asahi Kasei Corp</title>
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        <name>Snam SpA</name>
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        <title>Snam SpA</title>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Equinor ASA</name>
        <lei>OW6OFBNCKXC4US5C7523</lei>
        <title>Equinor ASA</title>
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          <ticker value="EQNR"/>
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        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Zurich Insurance Group AG</name>
        <lei>529900QVNRBND50TXP03</lei>
        <title>Zurich Insurance Group AG</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State Street Bank and Trust Company</name>
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        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>State Street Bank and Trust Company</counterpartyName>
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      <invstOrSec>
        <name>Norsk Hydro ASA</name>
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        <assetCat>EC</assetCat>
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        <invCountry>NO</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Credit Agricole SA</name>
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          <isin value="FR0000045072"/>
          <ticker value="ACA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vinci SA</name>
        <lei>213800WFQ334R8UXUG83</lei>
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          <isin value="FR0000125486"/>
          <ticker value="DG"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CLP Holdings Ltd</name>
        <lei>25490002BUTSMP94GO68</lei>
        <title>CLP Holdings Ltd</title>
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          <isin value="HK0002007356"/>
          <ticker value="2"/>
          <other otherDesc="SEDOL" value="6097017"/>
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        <balance>555069.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mapletree Pan Asia Commercial</name>
        <lei>549300BF18K4IC5LZ208</lei>
        <title>Mapletree Pan Asia Commercial Trust</title>
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          <isin value="SG2D18969584"/>
          <ticker value="MPACT"/>
          <other otherDesc="SEDOL" value="B5143W8"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bridgestone Corp</name>
        <lei>549300DHPOF90OYYD780</lei>
        <title>Bridgestone Corp</title>
        <cusip>000000000</cusip>
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          <isin value="JP3830800003"/>
          <ticker value="5108"/>
          <other otherDesc="SEDOL" value="6132101"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASR Nederland NV</name>
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        <title>ASR Nederland NV</title>
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          <isin value="NL0011872643"/>
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          <other otherDesc="SEDOL" value="BD9PNF2"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BHP Group Ltd</name>
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        <title>BHP Group Ltd</title>
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          <ticker value="BHP"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CIBC</name>
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          <isin value="CA1360691010"/>
          <ticker value="CM"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sumitomo Corp</name>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>State Street Bank and Trust Company</name>
        <lei>571474TGEMMWANRLN572</lei>
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        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
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      <invstOrSec>
        <name>Johnson Matthey PLC</name>
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        <name>Daicel Corp</name>
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        <title>Daicel Corp</title>
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        <invCountry>JP</invCountry>
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        <name>NTT</name>
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        <title>Nippon Telegraph &amp; Telephone Corp</title>
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        <invCountry>JP</invCountry>
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        <name>TotalEnergies SE</name>
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        <title>TotalEnergies SE</title>
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        <invCountry>FR</invCountry>
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        <name>Renault SA</name>
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        <title>Renault SA</title>
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        <name>Fortis Inc/Canada</name>
        <lei>549300MQYQ9Y065XPR71</lei>
        <title>Fortis Inc/Canada</title>
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        <invCountry>CA</invCountry>
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        <name>Bayerische Motoren Werke AG</name>
        <lei>YEH5ZCD6E441RHVHD759</lei>
        <title>Bayerische Motoren Werke AG</title>
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          <ticker value="BMW"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Italgas SpA</name>
        <lei>815600F25FF44EF1FA76</lei>
        <title>Italgas SpA</title>
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          <ticker value="IG"/>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tosoh Corp</name>
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        <name>UBS Securities LLC</name>
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        <name>Svenska Handelsbanken AB</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Engie SA</name>
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        <name>NN Group NV</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Denka Co Ltd</name>
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        <title>Denka Co Ltd</title>
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        <name>Xinyi Glass Holdings Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Canadian Natural Resources Ltd</name>
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        <title>Canadian Natural Resources Ltd</title>
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        <name>Aurizon Holdings Ltd</name>
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        <name>Aviva PLC</name>
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        <name>DBS Group Holdings Ltd</name>
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        <name>Allianz SE</name>
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        <name>State Street Bank and Trust Company</name>
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        <name>State Street Bank and Trust Company</name>
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        <name>Inpex Corp</name>
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        <title>Inpex Corp</title>
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        <name>Porsche Automobil Holding SE</name>
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        <title>Porsche Automobil Holding SE</title>
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        <name>Nestle SA</name>
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        <title>Nestle SA</title>
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        <name>Frasers Logistics &amp; Commercial</name>
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        <name>ITV PLC</name>
        <lei>ZLECI7ED2QMWFGYCXZ59</lei>
        <title>ITV PLC</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pembina Pipeline Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Whitecap Resources Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Toyo Tire Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Roche Holding AG</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Swiss Life Holding AG</name>
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        <name>UBS Securities LLC</name>
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        <name>CK Hutchison Holdings Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Michelin</name>
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        <title>Cie Generale des Etablissements Michelin SCA</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>B&amp;M European Value Retail SA</name>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Power Corp of Canada</name>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Repsol SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Santos Ltd</name>
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        <name>INFRONEER Holdings Inc</name>
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        <name>Veolia Environnement SA</name>
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        <name>Stellantis NV</name>
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        <name>GSK PLC</name>
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        <name>UBS Securities LLC</name>
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        <name>Enel SpA</name>
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        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
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        <name>BOC Hong Kong Holdings Ltd</name>
        <lei>254900JB98W77JDJMW15</lei>
        <title>BOC Hong Kong Holdings Ltd</title>
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          <ticker value="2388"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Bouygues SA</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SKF AB</name>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Novartis AG</name>
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          <isin value="CH0012005267"/>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JFE Holdings Inc</name>
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          <isin value="JP3386030005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Inchcape PLC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>E.ON SE</name>
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        <invCountry>DE</invCountry>
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        <name>Mapletree Industrial Trust</name>
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        <name>UBS Securities LLC</name>
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        <name>Intesa Sanpaolo SpA</name>
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        <name>Peyto Exploration &amp; Developmen</name>
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        <name>Hitachi Construction Machinery</name>
        <lei>5493009B7C53PDH8W826</lei>
        <title>Hitachi Construction Machinery Co Ltd</title>
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        <name>SmartCentres Real Estate Inves</name>
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        <name>Yamato Kogyo Co Ltd</name>
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        <name>Mapletree Logistics Trust</name>
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        <name>Kobe Steel Ltd</name>
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        <name>UBS Securities LLC</name>
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        <name>Zeon Corp</name>
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        <title>Zeon Corp</title>
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        <name>BT Group PLC</name>
        <lei>213800LRO7NS5CYQMN21</lei>
        <title>BT Group PLC</title>
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      <invstOrSec>
        <name>Volvo AB</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WH Group Ltd</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Suncor Energy Inc</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mitsui Chemicals Inc</name>
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          <isin value="JP3888300005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CapitaLand Ascendas REIT</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SSE PLC</name>
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          <isin value="GB0007908733"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Isuzu Motors Ltd</name>
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        <title>Isuzu Motors Ltd</title>
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          <isin value="JP3137200006"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>H &amp; M Hennes &amp; Mauritz AB</name>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UBS Securities LLC</name>
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        <cusip>000000000</cusip>
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          <ticker value="N/A"/>
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      <invstOrSec>
        <name>AXA SA</name>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>EDP SA</name>
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        <title>EDP SA</title>
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        <assetCat>EC</assetCat>
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        <invCountry>PT</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ANZ Group Holdings Ltd</name>
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        <title>ANZ Group Holdings Ltd</title>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Generali</name>
        <lei>549300X5UKJVE386ZB61</lei>
        <title>Generali</title>
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        <invCountry>IT</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Daiwa House Residential Invest</name>
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        <title>Daiwa House REIT Investment Corp</title>
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        <invCountry>JP</invCountry>
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        <name>Mercedes-Benz Group AG</name>
        <lei>529900R27DL06UVNT076</lei>
        <title>Mercedes-Benz Group AG</title>
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          <ticker value="MBG"/>
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        <invCountry>DE</invCountry>
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        <name>Swisscom AG</name>
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        <title>Swisscom AG</title>
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        <name>Carrefour SA</name>
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        <name>Singapore Airlines Ltd</name>
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        <name>Yancoal Australia Ltd</name>
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        <name>State Street Bank and Trust Company</name>
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        <name>Freenet AG</name>
        <lei>5299003GLDODCVP8DO20</lei>
        <title>Freenet AG</title>
        <cusip>000000000</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Daimler Truck Holding AG</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rogers Communications Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Marubeni Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Mitsubishi Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>United Overseas Bank Ltd</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Evolution AB</name>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bank of Nova Scotia/The</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>State Street Bank and Trust Company</name>
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      <invstOrSec>
        <name>Ono Pharmaceutical Co Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Shell PLC</name>
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        <title>Shell PLC</title>
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        <name>Banque Cantonale Vaudoise</name>
        <lei>K1MOBB3OPSBBQO554R76</lei>
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        <name>State Street Bank and Trust Company</name>
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        <name>State Street Bank and Trust Company</name>
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        <name>State Street Bank and Trust Company</name>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Street Bank and Trust Company</name>
        <lei>571474TGEMMWANRLN572</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00088743"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>442.39000000</valUSD>
        <pctVal>0.000018981642</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>State Street Bank and Trust Company</counterpartyName>
              <counterpartyLei>571474TGEMMWANRLN572</counterpartyLei>
            </counterparties>
            <amtCurSold>-3880693.00000000</amtCurSold>
            <curSold>NOK</curSold>
            <amtCurPur>368818.21000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-04-08</settlementDt>
            <unrealizedAppr>442.39000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Street Bank and Trust Company</name>
        <lei>571474TGEMMWANRLN572</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="N/A"/>
          <other otherDesc="INTERNAL" value="CCTUSD__00088744"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-5320.19000000</valUSD>
        <pctVal>-0.00022827357</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>State Street Bank and Trust Company</counterpartyName>
              <counterpartyLei>571474TGEMMWANRLN572</counterpartyLei>
            </counterparties>
            <amtCurSold>-2498315.00000000</amtCurSold>
            <curSold>GBP</curSold>
            <amtCurPur>3219323.71000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-04-08</settlementDt>
            <unrealizedAppr>-5320.19000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-05-21</ncom:dateSigned>
      <ncom:nameOfApplicant>Legg Mason ETF Investment Trust</ncom:nameOfApplicant>
      <ncom:signature>Christopher Berarducci</ncom:signature>
      <ncom:signerName>Christopher Berarducci</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
