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                <name>ASTRAZENECA PLC</name>
                <lei>PY6ZZQWO2IZFZC3IOL08</lei>
                <title>COMMON STOCK - ADR</title>
                <cusip>046353108</cusip>
                <identifiers>
                    <isin value="US0463531089"/>
                </identifiers>
                <balance>11044</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>808641.68</valUSD>
                <pctVal>0.628374102484</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>GALP ENERGIA SGPS SA</name>
                <lei>2138003319Y7NM75FG53</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="PTGAL0AM0009"/>
                </identifiers>
                <balance>21708</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>263057</valUSD>
                <pctVal>0.204414650352</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>PT</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SYMRISE AG</name>
                <lei>529900D82I6R9601CF26</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE000SYM9999"/>
                </identifiers>
                <balance>9335</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>1125767.12</valUSD>
                <pctVal>0.874803910227</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>COMPUGROUP MEDICAL SE  AND  CO KGAA</name>
                <lei>529900CUXZGOCJZR7O57</lei>
                <title>ORDINARY SHARES</title>
                <cusip>D193ZN100</cusip>
                <identifiers>
                    <isin value="DE000A288904"/>
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                <balance>2794</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
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                <pctVal>0.119161835611</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MINERAL RESOURCES LTD</name>
                <lei>5299007V1ACKFFX2P066</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000MIN4"/>
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                <balance>13626</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>666356.87</valUSD>
                <pctVal>0.517808332759</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PRYSMIAN SPA</name>
                <lei>529900X0H1IO3RS1A464</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="IT0004176001"/>
                </identifiers>
                <balance>1624</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>66374.13</valUSD>
                <pctVal>0.051577584236</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IT</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BUREAU VERITAS SA</name>
                <lei>969500TPU5T3HA5D1F11</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0006174348"/>
                </identifiers>
                <balance>24282</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>699941.74</valUSD>
                <pctVal>0.543906248641</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>GETLINK SE</name>
                <lei>9695007ZEQ7M0OE74G82</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0010533075"/>
                </identifiers>
                <balance>36678</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>685727.97</valUSD>
                <pctVal>0.532861103198</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SMA SOLAR TECHNOLOGY AG</name>
                <lei>529900Q6JQHI8X451Q21</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE000A0DJ6J9"/>
                </identifiers>
                <balance>1179</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>127097.63</valUSD>
                <pctVal>0.098764213068</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>JULIUS BAER GROUP LTD</name>
                <lei>5299007MF0604ZGJER92</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="CH0102484968"/>
                </identifiers>
                <balance>16394</balance>
                <units>NS</units>
                <currencyConditional curCd="CHF" exchangeRt="1.118755943"/>
                <valUSD>1174684.69</valUSD>
                <pctVal>0.912816462516</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CH</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BRENNTAG SE</name>
                <lei>NNROIXVWJ7CPSR27SV97</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE000A1DAHH0"/>
                </identifiers>
                <balance>12321</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>1002724.05</valUSD>
                <pctVal>0.779190388700</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SOMPO HOLDINGS INC</name>
                <lei>353800CWW4SRGEYEB512</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3165000005"/>
                </identifiers>
                <balance>26400</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>1101684.22</valUSD>
                <pctVal>0.856089724392</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>AMADEUS IT GROUP SA</name>
                <lei>9598004A3FTY3TEHHN09</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="ES0109067019"/>
                </identifiers>
                <balance>17913</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>1260263.28</valUSD>
                <pctVal>0.979317325646</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>ES</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>EDENRED</name>
                <lei>9695006LOD5B2D7Y0N70</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0010908533"/>
                </identifiers>
                <balance>4147</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>269701.46</valUSD>
                <pctVal>0.209577884813</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PANDORA A/S</name>
                <lei>5299007OWYZ6I1E46843</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DK0060252690"/>
                </identifiers>
                <balance>4806</balance>
                <units>NS</units>
                <currencyConditional curCd="DKK" exchangeRt=".147830586"/>
                <valUSD>446101.8</valUSD>
                <pctVal>0.346653932297</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>AIA GROUP LTD</name>
                <lei>ZP5ILWVSYE4LJGMMVD57</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="HK0000069689"/>
                </identifiers>
                <balance>50343</balance>
                <units>NS</units>
                <currencyConditional curCd="HKD" exchangeRt=".127394215"/>
                <valUSD>549301.69</valUSD>
                <pctVal>0.426847842479</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>HK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>NORTHERN STAR RESOURCES LTD</name>
                <lei>254900XFXCRYYZAX6M78</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000NST8"/>
                </identifiers>
                <balance>15447</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>136902.76</valUSD>
                <pctVal>0.106383520749</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TREASURY WINE ESTATES LTD</name>
                <lei>529900LVOPJGAX6ILK66</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000TWE9"/>
                </identifiers>
                <balance>59792</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>550982.19</valUSD>
                <pctVal>0.428153714666</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SWISS RE AG</name>
                <lei>529900PS9YW3YY29F326</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="CH0126881561"/>
                </identifiers>
                <balance>12359</balance>
                <units>NS</units>
                <currencyConditional curCd="CHF" exchangeRt="1.118755943"/>
                <valUSD>1242176.89</valUSD>
                <pctVal>0.965262869433</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CH</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HKT TRUST  AND  HKT LTD</name>
                <lei>N/A</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="HK0000093390"/>
                </identifiers>
                <balance>310000</balance>
                <units>NS</units>
                <currencyConditional curCd="HKD" exchangeRt=".127394215"/>
                <valUSD>407571.46</valUSD>
                <pctVal>0.316713022232</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>HK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MERCURY NZ LTD</name>
                <lei>254900XLT925U953KK55</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="NZMRPE0001S2"/>
                </identifiers>
                <balance>56584</balance>
                <units>NS</units>
                <currencyConditional curCd="NZD" exchangeRt=".618400125"/>
                <valUSD>222086.7</valUSD>
                <pctVal>0.172577711782</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NZ</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MONCLER SPA</name>
                <lei>815600EBD7FB00525B20</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="IT0004965148"/>
                </identifiers>
                <balance>6338</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>469898.53</valUSD>
                <pctVal>0.365145742979</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IT</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MEBUKI FINANCIAL GROUP INC</name>
                <lei>353800K1RXV3E3JAE812</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3117700009"/>
                </identifiers>
                <balance>50800</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>130290.28</valUSD>
                <pctVal>0.101245137101</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>GAZTRANSPORT ET TECHNIGAZ SA</name>
                <lei>969500BVOHVZUUFWDT54</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0011726835"/>
                </identifiers>
                <balance>1118</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>119879.4</valUSD>
                <pctVal>0.093155117086</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>FINECOBANK BANCA FINECO SPA</name>
                <lei>549300L7YCATGO57ZE10</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="IT0000072170"/>
                </identifiers>
                <balance>15790</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>239100.51</valUSD>
                <pctVal>0.185798694392</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IT</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>IMCD NV</name>
                <lei>724500NSJPNFJPDAUP02</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="NL0010801007"/>
                </identifiers>
                <balance>4516</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>679962.14</valUSD>
                <pctVal>0.528380628916</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>UBS GROUP AG</name>
                <lei>549300SZJ9VS8SGXAN81</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="CH0244767585"/>
                </identifiers>
                <balance>35226</balance>
                <units>NS</units>
                <currencyConditional curCd="CHF" exchangeRt="1.118755943"/>
                <valUSD>715957.01</valUSD>
                <pctVal>0.556351292177</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CH</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HELLA GMBH  AND  CO KGAA</name>
                <lei>529900PLX4ADJFWIY024</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE000A13SX22"/>
                </identifiers>
                <balance>1524</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>128848.14</valUSD>
                <pctVal>0.100124488178</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>AUTO TRADER GROUP PLC</name>
                <lei>213800QLK9BZILB1DI86</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB00BVYVFW23"/>
                </identifiers>
                <balance>77978</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>624119.07</valUSD>
                <pctVal>0.484986453400</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CK ASSET HOLDINGS LTD</name>
                <lei>5299006GJZSGP78B8S35</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="KYG2177B1014"/>
                </identifiers>
                <balance>86258</balance>
                <units>NS</units>
                <currencyConditional curCd="HKD" exchangeRt=".127394215"/>
                <valUSD>510033.69</valUSD>
                <pctVal>0.396333716301</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>HK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>COCA-COLA EUROPACIFIC PARTNERS PLC</name>
                <lei>549300LTH67W4GWMRF57</lei>
                <title>ORDINARY SHARES</title>
                <cusip>G25839104</cusip>
                <identifiers>
                    <isin value="GB00BDCPN049"/>
                </identifiers>
                <balance>2219</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>143058.93</valUSD>
                <pctVal>0.111167317941</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>ORSTED AS</name>
                <lei>W9NG6WMZIYEU8VEDOG48</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DK0060094928"/>
                </identifiers>
                <balance>13092</balance>
                <units>NS</units>
                <currencyConditional curCd="DKK" exchangeRt=".147830586"/>
                <valUSD>1176643.41</valUSD>
                <pctVal>0.914338532120</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ASR NEDERLAND NV</name>
                <lei>7245000G0HS48PZWUD53</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="NL0011872643"/>
                </identifiers>
                <balance>2741</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>120787.33</valUSD>
                <pctVal>0.093860645521</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CONVATEC GROUP PLC</name>
                <lei>213800LS272L4FIDOH92</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB00BD3VFW73"/>
                </identifiers>
                <balance>41758</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>115416.12</valUSD>
                <pctVal>0.089686820023</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PIRELLI  AND  C SPA</name>
                <lei>815600A0C9AFC1F2A709</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="IT0005278236"/>
                </identifiers>
                <balance>25095</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>131321.66</valUSD>
                <pctVal>0.102046595272</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IT</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>WHARF REAL ESTATE INVESTMENT CO LTD</name>
                <lei>529900QLPKS8U9QOPB59</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="KYG9593A1040"/>
                </identifiers>
                <balance>133720</balance>
                <units>NS</units>
                <currencyConditional curCd="HKD" exchangeRt=".127394215"/>
                <valUSD>771517.63</valUSD>
                <pctVal>0.599525983254</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>HK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BAWAG GROUP AG</name>
                <lei>529900S9YO2JHTIIDG38</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AT0000BAWAG2"/>
                </identifiers>
                <balance>2235</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>109305.77</valUSD>
                <pctVal>0.084938628343</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AT</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>NORDEA BANK ABP</name>
                <lei>529900ODI3047E2LIV03</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FI4000297767"/>
                </identifiers>
                <balance>118145</balance>
                <units>NS</units>
                <currencyConditional curCd="SEK" exchangeRt=".097512933"/>
                <valUSD>1316140.44</valUSD>
                <pctVal>1.022737991601</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FI</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>IA FINANCIAL CORP INC</name>
                <lei>549300ZXLJVHQAIXV215</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="CA45075E1043"/>
                </identifiers>
                <balance>947</balance>
                <units>NS</units>
                <currencyConditional curCd="CAD" exchangeRt=".738089087"/>
                <valUSD>63543.4</valUSD>
                <pctVal>0.049377898680</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>VODAFONE HOLDINGS KK</name>
                <lei>353800M1YCTS9JRBJ535</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3732000009"/>
                </identifiers>
                <balance>113500</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>1278373.75</valUSD>
                <pctVal>0.993390493791</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BUDWEISER BREWING CO APAC LTD</name>
                <lei>549300YF1MR4GTF18132</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="KYG1674K1013"/>
                </identifiers>
                <balance>140800</balance>
                <units>NS</units>
                <currencyConditional curCd="HKD" exchangeRt=".127394215"/>
                <valUSD>406144.34</valUSD>
                <pctVal>0.315604044954</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>HK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ESR GROUP LTD</name>
                <lei>549300C81AR42BZUFZ09</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="KYG319891092"/>
                </identifiers>
                <balance>42400</balance>
                <units>NS</units>
                <currencyConditional curCd="HKD" exchangeRt=".127394215"/>
                <valUSD>66323.08</valUSD>
                <pctVal>0.051537914629</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>HK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TECHNIP ENERGIES NV</name>
                <lei>724500FLODI49NSCIP70</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="NL0014559478"/>
                </identifiers>
                <balance>5805</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>128565.57</valUSD>
                <pctVal>0.099904910490</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>FORVIA</name>
                <lei>969500F0VMZLK2IULV85</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000121147"/>
                </identifiers>
                <balance>6160</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>127516.32</valUSD>
                <pctVal>0.099089566014</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SHELL PLC</name>
                <lei>21380068P1DRHMJ8KU70</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB00BP6MXD84"/>
                </identifiers>
                <balance>38758</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>1192381.94</valUSD>
                <pctVal>0.926568528308</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>DSM-FIRMENICH AG</name>
                <lei>506700G44V67MPM4BI12</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="CH1216478797"/>
                </identifiers>
                <balance>7924</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>1036948.09</valUSD>
                <pctVal>0.805784986716</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>SAGE GROUP PLC/THE</name>
                <lei>2138005RN5XYLTF8G138</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB00B8C3BL03"/>
                </identifiers>
                <balance>52231</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>538433.88</valUSD>
                <pctVal>0.418402754224</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BAYERISCHE MOTOREN WERKE AG</name>
                <lei>YEH5ZCD6E441RHVHD759</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE0005190003"/>
                </identifiers>
                <balance>2145</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>239750.88</valUSD>
                <pctVal>0.186304079750</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SPARK NEW ZEALAND LTD</name>
                <lei>529900HUN51H3Y7QBB66</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="NZTELE0001S4"/>
                </identifiers>
                <balance>154940</balance>
                <units>NS</units>
                <currencyConditional curCd="NZD" exchangeRt=".618400125"/>
                <valUSD>502072.07</valUSD>
                <pctVal>0.390146951575</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NZ</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>DAIWA HOUSE INDUSTRY CO LTD</name>
                <lei>N/A</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3505000004"/>
                </identifiers>
                <balance>47059</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>1201032.39</valUSD>
                <pctVal>0.933290564642</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BCE INC</name>
                <lei>5493001I9203PRB5KR45</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="CA05534B7604"/>
                </identifiers>
                <balance>2756</balance>
                <units>NS</units>
                <currencyConditional curCd="CAD" exchangeRt=".738089087"/>
                <valUSD>132465.38</valUSD>
                <pctVal>0.102935349892</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>ORKLA ASA</name>
                <lei>549300PZS8G8RG6RVZ52</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="NO0003733800"/>
                </identifiers>
                <balance>62230</balance>
                <units>NS</units>
                <currencyConditional curCd="NOK" exchangeRt=".093834598"/>
                <valUSD>447309.89</valUSD>
                <pctVal>0.347592707144</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NO</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>DIAGEO PLC</name>
                <lei>213800ZVIELEA55JMJ32</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB0002374006"/>
                </identifiers>
                <balance>40194</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>1836158.81</valUSD>
                <pctVal>1.426830539148</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>NOVO NORDISK A/S</name>
                <lei>549300DAQ1CVT6CXN342</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DK0060534915"/>
                </identifiers>
                <balance>17716</balance>
                <units>NS</units>
                <currencyConditional curCd="DKK" exchangeRt=".147830586"/>
                <valUSD>2955348.08</valUSD>
                <pctVal>2.296522975786</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BANK LEUMI LE-ISRAEL BM</name>
                <lei>7JDSZWRGUQY2DSTWCR57</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="IL0006046119"/>
                </identifiers>
                <balance>57427</balance>
                <units>NS</units>
                <currencyConditional curCd="ILS" exchangeRt=".275531431"/>
                <valUSD>455152.81</valUSD>
                <pctVal>0.353687233234</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BNP PARIBAS SA</name>
                <lei>R0MUWSFPU8MPRO8K5P83</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000131104"/>
                </identifiers>
                <balance>3130</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>202642.93</valUSD>
                <pctVal>0.157468471404</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SAMPO OYJ</name>
                <lei>743700UF3RL386WIDA22</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FI0009003305"/>
                </identifiers>
                <balance>16006</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>811750.04</valUSD>
                <pctVal>0.630789526984</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FI</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>NATIONAL GRID PLC</name>
                <lei>8R95QZMKZLJX5Q2XR704</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB00BDR05C01"/>
                </identifiers>
                <balance>102878</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>1475703.77</valUSD>
                <pctVal>1.146730443089</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>J SAINSBURY PLC</name>
                <lei>213800VGZAAJIKJ9Y484</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB00B019KW72"/>
                </identifiers>
                <balance>72768</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>253156.6</valUSD>
                <pctVal>0.196721310869</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>KONINKLIJKE AHOLD DELHAIZE NV</name>
                <lei>724500C9GNBV20UYRX36</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N0139V100</cusip>
                <identifiers>
                    <isin value="NL0011794037"/>
                </identifiers>
                <balance>40096</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>1380817.92</valUSD>
                <pctVal>1.072997153911</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ADVANTEST CORP</name>
                <lei>353800EMK32PDKS9XR54</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3122400009"/>
                </identifiers>
                <balance>14574</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>1131684.13</valUSD>
                <pctVal>0.879401862497</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>VALEO</name>
                <lei>5493006IH2N2WMIBB742</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0013176526"/>
                </identifiers>
                <balance>17978</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>351719</valUSD>
                <pctVal>0.273311549995</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>NOVARTIS AG</name>
                <lei>5493007HIVTX6SY6XD66</lei>
                <title>ORDINARY SHARES</title>
                <cusip>H5820Q150</cusip>
                <identifiers>
                    <isin value="CH0012005267"/>
                </identifiers>
                <balance>28169</balance>
                <units>NS</units>
                <currencyConditional curCd="CHF" exchangeRt="1.118755943"/>
                <valUSD>2883115.69</valUSD>
                <pctVal>2.240393092354</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CH</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>COMMONWEALTH BANK OF AUSTRALIA</name>
                <lei>MSFSBD3QN1GSN7Q6C537</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000CBA7"/>
                </identifiers>
                <balance>3353</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>221193.81</valUSD>
                <pctVal>0.171883870534</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SAP SE</name>
                <lei>529900D6BF99LW9R2E68</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE0007164600"/>
                </identifiers>
                <balance>592</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>80192.5</valUSD>
                <pctVal>0.062315474777</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG IN MUENCHEN</name>
                <lei>529900MUF4C20K50JS49</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE0008430026"/>
                </identifiers>
                <balance>1412</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>530188.36</valUSD>
                <pctVal>0.411995378302</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HSBC HOLDINGS PLC</name>
                <lei>MLU0ZO3ML4LN2LL2TL39</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB0005405286"/>
                </identifiers>
                <balance>17009</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>122420.24</valUSD>
                <pctVal>0.095129536776</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MITSUBISHI HEAVY INDUSTRIES LTD</name>
                <lei>353800TJ98PCAZROVE69</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3900000005"/>
                </identifiers>
                <balance>25519</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>967164.96</valUSD>
                <pctVal>0.751558358573</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>FANUC CORP</name>
                <lei>529900QTSW745LOKW705</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3802400006"/>
                </identifiers>
                <balance>14100</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>477667.91</valUSD>
                <pctVal>0.371183123076</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>NORSK HYDRO ASA</name>
                <lei>549300N1SDN71ZZ8BO45</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="NO0005052605"/>
                </identifiers>
                <balance>56073</balance>
                <units>NS</units>
                <currencyConditional curCd="NOK" exchangeRt=".093834598"/>
                <valUSD>412517.01</valUSD>
                <pctVal>0.320556078581</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NO</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>FERGUSON PLC</name>
                <lei>213800DU1LGY3R2S2X42</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JE00BJVNSS43"/>
                </identifiers>
                <balance>864</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>121751.11</valUSD>
                <pctVal>0.094609573517</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>YAMATO HOLDINGS CO LTD</name>
                <lei>N/A</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3940000007"/>
                </identifiers>
                <balance>7400</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>127209.97</valUSD>
                <pctVal>0.098851509516</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HITACHI LTD</name>
                <lei>549300T6IPOCDWLKC615</lei>
                <title>ORDINARY SHARES</title>
                <cusip>J20454112</cusip>
                <identifiers>
                    <isin value="JP3788600009"/>
                </identifiers>
                <balance>4565</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>253299.45</valUSD>
                <pctVal>0.196832315833</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>NATIONAL AUSTRALIA BANK LTD</name>
                <lei>F8SB4JFBSYQFRQEH3Z21</lei>
                <title>ORDINARY SHARES</title>
                <cusip>Q65336119</cusip>
                <identifiers>
                    <isin value="AU000000NAB4"/>
                </identifiers>
                <balance>43399</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>830635.69</valUSD>
                <pctVal>0.645465067043</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SONY GROUP CORP</name>
                <lei>529900R5WX9N2OI2N910</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3435000009"/>
                </identifiers>
                <balance>21474</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>2040042.3</valUSD>
                <pctVal>1.585263016980</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TAKEDA PHARMACEUTICAL CO LTD</name>
                <lei>549300ZLMVP4X0OGR454</lei>
                <title>ORDINARY SHARES</title>
                <cusip>J81281115</cusip>
                <identifiers>
                    <isin value="JP3463000004"/>
                </identifiers>
                <balance>30600</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>1017376.25</valUSD>
                <pctVal>0.790576226522</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TELEFONICA SA</name>
                <lei>549300EEJH4FEPDBBR25</lei>
                <title>ORDINARY SHARES</title>
                <cusip>879382109</cusip>
                <identifiers>
                    <isin value="ES0178430E18"/>
                </identifiers>
                <balance>115012</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>523552.15</valUSD>
                <pctVal>0.406838554698</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>ES</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TOKYO ELECTRON LIMITED</name>
                <lei>549300H5LSF8DP3RIJ34</lei>
                <title>ORDINARY SHARES</title>
                <cusip>J86957115</cusip>
                <identifiers>
                    <isin value="JP3571400005"/>
                </identifiers>
                <balance>9701</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>1107870.84</valUSD>
                <pctVal>0.860897183476</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TOYOTA MOTOR CORP</name>
                <lei>5493006W3QUS5LMH6R84</lei>
                <title>ORDINARY SHARES</title>
                <cusip>J92676113</cusip>
                <identifiers>
                    <isin value="JP3633400001"/>
                </identifiers>
                <balance>16055</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>220454.57</valUSD>
                <pctVal>0.171309426645</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>DEUTSCHE LUFTHANSA AG</name>
                <lei>529900PH63HYJ86ASW55</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE0008232125"/>
                </identifiers>
                <balance>22875</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>245243.07</valUSD>
                <pctVal>0.190571915612</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ITOCHU CORP</name>
                <lei>J48DJYXDTLHM30UMYI18</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3143600009"/>
                </identifiers>
                <balance>19400</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>644657.89</valUSD>
                <pctVal>0.500946628225</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ASTELLAS PHARMA INC</name>
                <lei>529900IB708DY2HBBB35</lei>
                <title>ORDINARY SHARES</title>
                <cusip>J03393105</cusip>
                <identifiers>
                    <isin value="JP3942400007"/>
                </identifiers>
                <balance>25087</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>378352.97</valUSD>
                <pctVal>0.294008104982</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>KERING SA</name>
                <lei>549300VGEJKB7SVUZR78</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000121485"/>
                </identifiers>
                <balance>2200</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>1408066.15</valUSD>
                <pctVal>1.094171034128</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SODEXO SA</name>
                <lei>969500LCBOG12HXPYM84</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000121220"/>
                </identifiers>
                <balance>7315</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>784258.44</valUSD>
                <pctVal>0.609426530365</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TIETOEVRY OYJ</name>
                <lei>549300EW2KM4KROKQV31</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FI0009000277"/>
                </identifiers>
                <balance>3947</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>126302.63</valUSD>
                <pctVal>0.098146439555</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FI</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>WOODSIDE ENERGY GROUP LTD</name>
                <lei>2549005ZC5RXAOO7FH41</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU0000224040"/>
                </identifiers>
                <balance>37464</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>849753.82</valUSD>
                <pctVal>0.660321261173</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>AEGON NV</name>
                <lei>O4QK7KMMK83ITNTHUG69</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N0089J123</cusip>
                <identifiers>
                    <isin value="NL0000303709"/>
                </identifiers>
                <balance>144528</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>658685.71</valUSD>
                <pctVal>0.511847276831</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HOYA CORP</name>
                <lei>353800X4VR3BHEUCJB42</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3837800006"/>
                </identifiers>
                <balance>3500</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>368684.39</valUSD>
                <pctVal>0.286494906701</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TESCO PLC</name>
                <lei>2138002P5RNKC5W2JZ46</lei>
                <title>ORDINARY SHARES</title>
                <cusip>G87621101</cusip>
                <identifiers>
                    <isin value="GB00BLGZ9862"/>
                </identifiers>
                <balance>151469</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>535704.45</valUSD>
                <pctVal>0.416281786224</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>OLYMPUS CORP</name>
                <lei>5299000Y52IFDI1I2A21</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3201200007"/>
                </identifiers>
                <balance>47172</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>825179.82</valUSD>
                <pctVal>0.641225454494</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>EIFFAGE SA</name>
                <lei>969500OQXKE5WDM9M994</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000130452"/>
                </identifiers>
                <balance>6676</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>794900.68</valUSD>
                <pctVal>0.617696334128</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SEKISUI HOUSE LTD</name>
                <lei>529900GMNDOYQSAJAE76</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3420600003"/>
                </identifiers>
                <balance>49000</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>1007482.81</valUSD>
                <pctVal>0.782888295471</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>NATWEST GROUP PLC</name>
                <lei>2138005O9XJIJN4JPN90</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB00BM8PJY71"/>
                </identifiers>
                <balance>317324</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>1050870.48</valUSD>
                <pctVal>0.816603708452</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>3I GROUP PLC</name>
                <lei>35GDVHRBMFE7NWATNM84</lei>
                <title>ORDINARY SHARES</title>
                <cusip>G88473114</cusip>
                <identifiers>
                    <isin value="GB00B1YW4409"/>
                </identifiers>
                <balance>62916</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>1401339.14</valUSD>
                <pctVal>1.088943652241</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MITSUI  AND  CO LTD</name>
                <lei>2NRSB4GOU9DD6CNW5R48</lei>
                <title>ORDINARY SHARES</title>
                <cusip>J44690139</cusip>
                <identifiers>
                    <isin value="JP3893600001"/>
                </identifiers>
                <balance>35235</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>1103175.98</valUSD>
                <pctVal>0.857248931708</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TOTAL S.A.</name>
                <lei>529900S21EQ1BO4ESM68</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000120271"/>
                </identifiers>
                <balance>3362</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>214323.23</valUSD>
                <pctVal>0.166544924190</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>NESTLE SA</name>
                <lei>KY37LUS27QQX7BB93L28</lei>
                <title>ORDINARY SHARES</title>
                <cusip>H57312466</cusip>
                <identifiers>
                    <isin value="CH0038863350"/>
                </identifiers>
                <balance>14134</balance>
                <units>NS</units>
                <currencyConditional curCd="CHF" exchangeRt="1.118755943"/>
                <valUSD>1812132.8</valUSD>
                <pctVal>1.408160561031</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CH</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>DANONE SA</name>
                <lei>969500KMUQ2B6CBAF162</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000120644"/>
                </identifiers>
                <balance>11896</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>787173.68</valUSD>
                <pctVal>0.611691886410</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ACCOR SA</name>
                <lei>969500QZC2Q0TK11NV07</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000120404"/>
                </identifiers>
                <balance>3825</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>135667.42</valUSD>
                <pctVal>0.105423570646</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>YAMAHA MOTOR CO LTD</name>
                <lei>3538004LR5NXILJDHY88</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3942800008"/>
                </identifiers>
                <balance>24990</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>647005.4</valUSD>
                <pctVal>0.502770816275</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ICON PLC</name>
                <lei>6354008SRQGEMC4XFI67</lei>
                <title>ORDINARY SHARES</title>
                <cusip>G4705A100</cusip>
                <identifiers>
                    <isin value="IE0005711209"/>
                </identifiers>
                <balance>559</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>107713.71</valUSD>
                <pctVal>0.083701480545</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>AVIVA PLC</name>
                <lei>YF0Y5B0IB8SM0ZFG9G81</lei>
                <title>ORDINARY SHARES</title>
                <cusip>G0683Q109</cusip>
                <identifiers>
                    <isin value="GB00BPQY8M80"/>
                </identifiers>
                <balance>148314</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>789099.45</valUSD>
                <pctVal>0.613188351440</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>JYSKE BANK A/S</name>
                <lei>3M5E1GQGKL17HI6CPN30</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DK0010307958"/>
                </identifiers>
                <balance>1596</balance>
                <units>NS</units>
                <currencyConditional curCd="DKK" exchangeRt=".147830586"/>
                <valUSD>116723.48</valUSD>
                <pctVal>0.090702734966</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SHIONOGI  AND  CO., LTD</name>
                <lei>35380049VXDTHZI3DY35</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3347200002"/>
                </identifiers>
                <balance>21731</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>973511.34</valUSD>
                <pctVal>0.756489962935</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>GIVAUDAN SA</name>
                <lei>213800SVRMQA1TD91D41</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="CH0010645932"/>
                </identifiers>
                <balance>390</balance>
                <units>NS</units>
                <currencyConditional curCd="CHF" exchangeRt="1.118755943"/>
                <valUSD>1364241.28</valUSD>
                <pctVal>1.060115884568</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CH</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>NEC CORP</name>
                <lei>5493000QYMPFRTEY4K28</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3733000008"/>
                </identifiers>
                <balance>19700</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>758030.5</valUSD>
                <pctVal>0.589045490573</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>UNILEVER PLC</name>
                <lei>549300MKFYEKVRWML317</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB00B10RZP78"/>
                </identifiers>
                <balance>1248</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>69510.85</valUSD>
                <pctVal>0.054015046543</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ELISA OYJ</name>
                <lei>743700TU2S3DXWGU7H32</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FI0009007884"/>
                </identifiers>
                <balance>2068</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>128389.54</valUSD>
                <pctVal>0.099768122224</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FI</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BANCO BILBAO VIZCAYA ARGENTARIA SA</name>
                <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="ES0113211835"/>
                </identifiers>
                <balance>68121</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>501125.68</valUSD>
                <pctVal>0.389411536890</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>ES</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SUN LIFE FINANCIAL INC</name>
                <lei>549300V040JZX5S66Z78</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="CA8667961053"/>
                </identifiers>
                <balance>2591</balance>
                <units>NS</units>
                <currencyConditional curCd="CAD" exchangeRt=".738089087"/>
                <valUSD>127097.36</valUSD>
                <pctVal>0.098764003258</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>DBS GROUP HOLDINGS LTD</name>
                <lei>5493007FKT78NKPM5V55</lei>
                <title>ORDINARY SHARES</title>
                <cusip>Y20246107</cusip>
                <identifiers>
                    <isin value="SG1L01001701"/>
                </identifiers>
                <balance>53744</balance>
                <units>NS</units>
                <currencyConditional curCd="SGD" exchangeRt=".749428561"/>
                <valUSD>1332938.48</valUSD>
                <pctVal>1.035791305040</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>SG</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HERMES INTERNATIONAL</name>
                <lei>969500Y4IJGHJE2MTJ13</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000052292"/>
                </identifiers>
                <balance>124</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>269072.54</valUSD>
                <pctVal>0.209089167684</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>WESFARMERS LTD</name>
                <lei>5493003L32ZX9557ST85</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000WES1"/>
                </identifiers>
                <balance>25583</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>881213.78</valUSD>
                <pctVal>0.684767965589</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BARCLAYS PLC</name>
                <lei>213800LBQA1Y9L22JB70</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB0031348658"/>
                </identifiers>
                <balance>568699</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>1147232.45</valUSD>
                <pctVal>0.891484051514</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>KONINKLIJKE KPN NV</name>
                <lei>549300YO0JZHAL7FVP81</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="NL0000009082"/>
                </identifiers>
                <balance>70293</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>256254.83</valUSD>
                <pctVal>0.199128863613</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PERSIMMON PLC</name>
                <lei>213800XI72Y57UWN6F31</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB0006825383"/>
                </identifiers>
                <balance>26264</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>434513.81</valUSD>
                <pctVal>0.337649211176</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>LEGAL  AND  GENERAL GROUP PLC</name>
                <lei>213800JH9QQWHLO99821</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB0005603997"/>
                </identifiers>
                <balance>162262</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>479198.65</valUSD>
                <pctVal>0.372372620720</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>COLOPLAST A/S</name>
                <lei>529900NN7SOJ5QG82X67</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DK0060448595"/>
                </identifiers>
                <balance>1889</balance>
                <units>NS</units>
                <currencyConditional curCd="DKK" exchangeRt=".147830586"/>
                <valUSD>272244.46</valUSD>
                <pctVal>0.211553982981</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SANDVIK AB</name>
                <lei>5299008ZUAXN43LVZF54</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="SE0000667891"/>
                </identifiers>
                <balance>29643</balance>
                <units>NS</units>
                <currencyConditional curCd="SEK" exchangeRt=".097512933"/>
                <valUSD>605587.6</valUSD>
                <pctVal>0.470586137269</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>SE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SMITH  AND  NEPHEW PLC</name>
                <lei>213800ZTMDN8S67S1H61</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB0009223206"/>
                </identifiers>
                <balance>36394</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>601979.78</valUSD>
                <pctVal>0.467782595588</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>VINCI SA</name>
                <lei>213800WFQ334R8UXUG83</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000125486"/>
                </identifiers>
                <balance>8521</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>1055133.77</valUSD>
                <pctVal>0.819916598566</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA</name>
                <lei>95980020140005558665</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="ES0167050915"/>
                </identifiers>
                <balance>7808</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>268852.55</valUSD>
                <pctVal>0.208918219262</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>ES</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>LAND SECURITIES GROUP PLC</name>
                <lei>213800V8IAVKS37D6B88</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB00BYW0PQ60"/>
                </identifiers>
                <balance>55463</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>471222.87</valUSD>
                <pctVal>0.366174852632</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>REED ELSEVIER</name>
                <lei>549300WSX3VBUFFJOO66</lei>
                <title>ORDINARY SHARES</title>
                <cusip>758212708</cusip>
                <identifiers>
                    <isin value="GB00B2B0DG97"/>
                </identifiers>
                <balance>48536</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>1614508.97</valUSD>
                <pctVal>1.254592299739</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MITSUBISHI UFJ FINANCIAL GROUP INC</name>
                <lei>353800V2V8PUY9TK3E06</lei>
                <title>ORDINARY SHARES</title>
                <cusip>J44497105</cusip>
                <identifiers>
                    <isin value="JP3902900004"/>
                </identifiers>
                <balance>238700</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>1505747.56</valUSD>
                <pctVal>1.170076679182</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>DEUTSCHE BOERSE AG</name>
                <lei>529900G3SW56SHYNPR95</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE0005810055"/>
                </identifiers>
                <balance>1919</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>365618.7</valUSD>
                <pctVal>0.284112639932</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>AXA SA</name>
                <lei>F5WCUMTUM4RKZ1MAIE39</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000120628"/>
                </identifiers>
                <balance>20117</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>656753.02</valUSD>
                <pctVal>0.510345434453</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>REPSOL SA</name>
                <lei>BSYCX13Y0NOTV14V9N85</lei>
                <title>ORDINARY SHARES</title>
                <cusip>E8471S130</cusip>
                <identifiers>
                    <isin value="ES0173516115"/>
                </identifiers>
                <balance>7975</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>117144.03</valUSD>
                <pctVal>0.091029533269</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>ES</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>NIPPON YUSEN KK</name>
                <lei>353800YPW4XM0ZN5I149</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3753000003"/>
                </identifiers>
                <balance>10300</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>243332.13</valUSD>
                <pctVal>0.189086974585</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>LVMH MOET HENNESSY LOUIS VUITTON SA</name>
                <lei>IOG4E947OATN0KJYSD45</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000121014"/>
                </identifiers>
                <balance>1135</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>1090661.03</valUSD>
                <pctVal>0.847523894441</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>INDUSTRIA DE DISENO TEXTIL SA</name>
                <lei>549300TTCXZOGZM2EY83</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="ES0148396007"/>
                </identifiers>
                <balance>41064</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>1412428.51</valUSD>
                <pctVal>1.097560908924</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>ES</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>WOOLWORTHS GROUP LTD</name>
                <lei>QNWEWQBS7HP85QHXQL92</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000WOW2"/>
                </identifiers>
                <balance>5841</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>150486.8</valUSD>
                <pctVal>0.116939319633</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>AGEAS SA/NV</name>
                <lei>5493005DJBML6LY3RV36</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="BE0974264930"/>
                </identifiers>
                <balance>1425</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>63443.35</valUSD>
                <pctVal>0.049300152467</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>BE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ASSA ABLOY AB</name>
                <lei>549300YECS8HKCIMMB67</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="SE0007100581"/>
                </identifiers>
                <balance>49469</balance>
                <units>NS</units>
                <currencyConditional curCd="SEK" exchangeRt=".097512933"/>
                <valUSD>1178093.08</valUSD>
                <pctVal>0.915465032408</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>SE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ASAHI GROUP HOLDINGS LTD</name>
                <lei>353800KAJ02XNHLCJW79</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3116000005"/>
                </identifiers>
                <balance>34302</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>1325343.48</valUSD>
                <pctVal>1.029889431037</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>FUJITSU, LTD</name>
                <lei>3538000246DHJLRTUZ24</lei>
                <title>ORDINARY SHARES</title>
                <cusip>J15708159</cusip>
                <identifiers>
                    <isin value="JP3818000006"/>
                </identifiers>
                <balance>9073</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>1209022.16</valUSD>
                <pctVal>0.939499203990</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>LIXIL CORP</name>
                <lei>353800KB8G4F9WUJJ886</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3626800001"/>
                </identifiers>
                <balance>7700</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>121342.43</valUSD>
                <pctVal>0.094291999077</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ROCHE HOLDING AG</name>
                <lei>549300U41AUUVOAAOB37</lei>
                <title>ORDINARY SHARES</title>
                <cusip>H69293217</cusip>
                <identifiers>
                    <isin value="CH0012032048"/>
                </identifiers>
                <balance>7547</balance>
                <units>NS</units>
                <currencyConditional curCd="CHF" exchangeRt="1.118755943"/>
                <valUSD>2365515.01</valUSD>
                <pctVal>1.838179267882</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CH</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MARUBENI CORP</name>
                <lei>4P4N3ORD02UGQT1T1W12</lei>
                <title>ORDINARY SHARES</title>
                <cusip>J39788138</cusip>
                <identifiers>
                    <isin value="JP3877600001"/>
                </identifiers>
                <balance>18900</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>268544.52</valUSD>
                <pctVal>0.208678857281</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BARRATT DEVELOPMENTS PLC</name>
                <lei>2138006R85VEOF5YNK29</lei>
                <title>ORDINARY SHARES</title>
                <cusip>G08288105</cusip>
                <identifiers>
                    <isin value="GB0000811801"/>
                </identifiers>
                <balance>83231</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>523704.8</valUSD>
                <pctVal>0.406957174983</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BERKELEY GROUP HOLDINGS PLC</name>
                <lei>2138009OQSSLVVHQAL78</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB00BLJNXL82"/>
                </identifiers>
                <balance>3091</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>172747.28</valUSD>
                <pctVal>0.134237350994</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>GENUS PLC</name>
                <lei>54930022EOITNKSIGH56</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB0002074580"/>
                </identifiers>
                <balance>3535</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>119393.42</valUSD>
                <pctVal>0.092777474858</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HALMA PLC</name>
                <lei>2138007FRGLUR9KGBT40</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB0004052071"/>
                </identifiers>
                <balance>9972</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>290388.62</valUSD>
                <pctVal>0.225653330736</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>JOHNSON MATTHEY PLC</name>
                <lei>2138001AVBSD1HSC6Z10</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB00BZ4BQC70"/>
                </identifiers>
                <balance>15189</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>375081.81</valUSD>
                <pctVal>0.291466172900</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>RECKITT BENCKISER GROUP PLC</name>
                <lei>5493003JFSMOJG48V108</lei>
                <title>ORDINARY SHARES</title>
                <cusip>G7420A107</cusip>
                <identifiers>
                    <isin value="GB00B24CGK77"/>
                </identifiers>
                <balance>12969</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>1048858.25</valUSD>
                <pctVal>0.815040057639</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TAYLOR WIMPEY PLC</name>
                <lei>21380089BTRXTD8S3R66</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="GB0008782301"/>
                </identifiers>
                <balance>292456</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>472704.44</valUSD>
                <pctVal>0.367326141568</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>UMICORE SA</name>
                <lei>529900F3AIQECS8ZSV61</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="BE0974320526"/>
                </identifiers>
                <balance>9579</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>314978.4</valUSD>
                <pctVal>0.244761399637</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>BE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>CHRISTIAN DIOR SE</name>
                <lei>969500WESYQMQ1F2C272</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000130403"/>
                </identifiers>
                <balance>152</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>139692.43</valUSD>
                <pctVal>0.108551299662</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>UNITED INTERNET AG</name>
                <lei>3VEKWPJHTD4NKMBVG947</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE0005089031"/>
                </identifiers>
                <balance>8077</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>138471.48</valUSD>
                <pctVal>0.107602531649</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>KESKO OYJ</name>
                <lei>743700OX6HSVMCAHPB95</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FI0009000202"/>
                </identifiers>
                <balance>22657</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>472273.58</valUSD>
                <pctVal>0.366991331636</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FI</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>GEA GROUP AG</name>
                <lei>549300PHUU0ZZWO8EO07</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE0006602006"/>
                </identifiers>
                <balance>12548</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>588077.91</valUSD>
                <pctVal>0.456979819402</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MEDIOBANCA BANCA DI CREDITO FINANZIARIO SPA</name>
                <lei>PSNL19R2RXX5U3QWHI44</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="IT0000062957"/>
                </identifiers>
                <balance>6148</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>65953.76</valUSD>
                <pctVal>0.051250925806</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IT</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PERNOD RICARD SA</name>
                <lei>52990097YFPX9J0H5D87</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000120693"/>
                </identifiers>
                <balance>6522</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>1506585.47</valUSD>
                <pctVal>1.170727796924</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>RINGKJOEBING LANDBOBANK A/S</name>
                <lei>2138002M5U5K4OUMVV62</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DK0060854669"/>
                </identifiers>
                <balance>813</balance>
                <units>NS</units>
                <currencyConditional curCd="DKK" exchangeRt=".147830586"/>
                <valUSD>114515.7</valUSD>
                <pctVal>0.088987127411</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SKANDINAVISKA ENSKILDA BANKEN AB</name>
                <lei>F3JS33DEI6XQ4ZBPTN86</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="SE0000148884"/>
                </identifiers>
                <balance>43857</balance>
                <units>NS</units>
                <currencyConditional curCd="SEK" exchangeRt=".097512933"/>
                <valUSD>499751.85</valUSD>
                <pctVal>0.388343969864</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>SE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HENKEL AG  AND  CO KGAA</name>
                <lei>549300VZCL1HTH4O4Y49</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE0006048408"/>
                </identifiers>
                <balance>8574</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>633222.77</valUSD>
                <pctVal>0.492060698345</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HENKEL AG  AND  CO KGAA</name>
                <lei>549300VZCL1HTH4O4Y49</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE0006048432"/>
                </identifiers>
                <balance>14232</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>1148825.02</valUSD>
                <pctVal>0.892721595619</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>KLEPIERRE SA</name>
                <lei>969500PB4U31KEFHZ621</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000121964"/>
                </identifiers>
                <balance>17831</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>452236.09</valUSD>
                <pctVal>0.351420727119</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>UCB SA</name>
                <lei>2138008J191VLSGY5A09</lei>
                <title>ORDINARY SHARES</title>
                <cusip>B93562120</cusip>
                <identifiers>
                    <isin value="BE0003739530"/>
                </identifiers>
                <balance>10063</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>937438.35</valUSD>
                <pctVal>0.728458594684</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>BE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SOPRA STERIA GROUP SACA</name>
                <lei>96950020QIOHAAK9V551</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000050809"/>
                </identifiers>
                <balance>762</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>165122.68</valUSD>
                <pctVal>0.128312475613</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BOLIDEN AB</name>
                <lei>21380059QU7IM1ONDJ56</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="SE0020050417"/>
                </identifiers>
                <balance>21893</balance>
                <units>NS</units>
                <currencyConditional curCd="SEK" exchangeRt=".097512933"/>
                <valUSD>784096.38</valUSD>
                <pctVal>0.609300597817</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>SE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HUGO BOSS AG</name>
                <lei>529900LFVU534EBRXD13</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE000A1PHFF7"/>
                </identifiers>
                <balance>1981</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>148921.74</valUSD>
                <pctVal>0.115723152822</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>QIAGEN NV</name>
                <lei>54930036WK3GMCN17Z57</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="NL0012169213"/>
                </identifiers>
                <balance>9804</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>437864.08</valUSD>
                <pctVal>0.340252617550</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>KONINKLIJKE VOPAK NV</name>
                <lei>724500UL634GFV1KYF10</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="NL0009432491"/>
                </identifiers>
                <balance>4166</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>159205.95</valUSD>
                <pctVal>0.123714740924</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>NL</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>DSV A/S</name>
                <lei>529900X41C0BSLK67H70</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DK0060079531"/>
                </identifiers>
                <balance>7460</balance>
                <units>NS</units>
                <currencyConditional curCd="DKK" exchangeRt=".147830586"/>
                <valUSD>1403082.52</valUSD>
                <pctVal>1.090298386816</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DK</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>WENDEL SE</name>
                <lei>969500M98ZMIZYJD5O34</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000121204"/>
                </identifiers>
                <balance>2089</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>234268.05</valUSD>
                <pctVal>0.182043517296</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>INFINEON TECHNOLOGIES AG</name>
                <lei>TSI2PJM6EPETEQ4X1U25</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE0006231004"/>
                </identifiers>
                <balance>29754</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>1080332.95</valUSD>
                <pctVal>0.839498216120</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TELEPERFORMANCE</name>
                <lei>9695004GI61FHFFNRG61</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000051807"/>
                </identifiers>
                <balance>2764</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>550702.49</valUSD>
                <pctVal>0.427936367180</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BENDIGO  AND  ADELAIDE BANK LTD</name>
                <lei>549300Y9URD6W70K0360</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000BEN6"/>
                </identifiers>
                <balance>21289</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>122311.71</valUSD>
                <pctVal>0.095045200978</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ASX LTD</name>
                <lei>549300VSBVYUCBIQKT71</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000ASX7"/>
                </identifiers>
                <balance>2849</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>129503.29</valUSD>
                <pctVal>0.100633587948</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>COMPUTERSHARE LTD</name>
                <lei>N/A</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000CPU5"/>
                </identifiers>
                <balance>28475</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>422625.51</valUSD>
                <pctVal>0.328411127081</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>APA GROUP</name>
                <lei>549300T9RBSX164T8H40</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000APA1"/>
                </identifiers>
                <balance>49317</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>336346.07</valUSD>
                <pctVal>0.261365651917</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>KDDI CORP</name>
                <lei>5299003FU7V4I45FU310</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3496400007"/>
                </identifiers>
                <balance>47125</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>1471608.44</valUSD>
                <pctVal>1.143548070257</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ARISTOCRAT LEISURE LTD</name>
                <lei>529900TE2HO3OZKYKC27</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000ALL7"/>
                </identifiers>
                <balance>46475</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>1168529.84</valUSD>
                <pctVal>0.908033691061</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>HITACHI CONSTRUCTION MACHINERY CO LTD</name>
                <lei>5493009B7C53PDH8W826</lei>
                <title>ORDINARY SHARES</title>
                <cusip>J20244109</cusip>
                <identifiers>
                    <isin value="JP3787000003"/>
                </identifiers>
                <balance>9077</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>223728.24</valUSD>
                <pctVal>0.173853309182</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>MITSUI OSK LINES LTD</name>
                <lei>353800P8O843TMAZ6S09</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3362700001"/>
                </identifiers>
                <balance>9600</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>237582.15</valUSD>
                <pctVal>0.184618816918</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ONO PHARMACEUTICAL CO LTD</name>
                <lei>529900G26L4NG4GFJZ86</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3197600004"/>
                </identifiers>
                <balance>30000</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>607134.24</valUSD>
                <pctVal>0.471787990383</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>EURAZEO SE</name>
                <lei>969500C656AA39O94N60</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0000121121"/>
                </identifiers>
                <balance>3512</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>250941.19</valUSD>
                <pctVal>0.194999774242</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TECAN GROUP AG</name>
                <lei>529900CSN9R3BLETSL26</lei>
                <title>ORDINARY SHARES</title>
                <cusip>8782399B0</cusip>
                <identifiers>
                    <isin value="CH0012100191"/>
                </identifiers>
                <balance>282</balance>
                <units>NS</units>
                <currencyConditional curCd="CHF" exchangeRt="1.118755943"/>
                <valUSD>122833.39</valUSD>
                <pctVal>0.095450584734</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CH</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>GLANBIA PLC</name>
                <lei>635400SRMCBHVMSKJS84</lei>
                <title>ORDINARY SHARES</title>
                <cusip>G39021103</cusip>
                <identifiers>
                    <isin value="IE0000669501"/>
                </identifiers>
                <balance>8468</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>128396.26</valUSD>
                <pctVal>0.099773344159</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>VITROLIFE AB</name>
                <lei>5493001WDZMONMSPPR49</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="SE0011205202"/>
                </identifiers>
                <balance>5929</balance>
                <units>NS</units>
                <currencyConditional curCd="SEK" exchangeRt=".097512933"/>
                <valUSD>133844.92</valUSD>
                <pctVal>0.104007354008</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>SE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TOKIO MARINE HOLDINGS INC</name>
                <lei>5299009QN2NZ191KLS29</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3910660004"/>
                </identifiers>
                <balance>63045</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>1268421</valUSD>
                <pctVal>0.985656474506</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>LYNAS RARE EARTHS LTD</name>
                <lei>529900SGT9M1FJPXXI35</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000LYC6"/>
                </identifiers>
                <balance>22205</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>95107.95</valUSD>
                <pctVal>0.073905877224</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>MY</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>FLUTTER ENTERTAINMENT PLC</name>
                <lei>635400EG4YIJLJMZJ782</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="IE00BWT6H894"/>
                </identifiers>
                <balance>1026</balance>
                <units>NS</units>
                <currencyConditional curCd="GBP" exchangeRt="1.25675032"/>
                <valUSD>205574.93</valUSD>
                <pctVal>0.159746851204</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>IE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>INDEPENDENCE GOLD NL</name>
                <lei>2549005DZO8VGXM5QN07</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000IGO4"/>
                </identifiers>
                <balance>56439</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>515138.14</valUSD>
                <pctVal>0.400300249646</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TALANX AG</name>
                <lei>5299006ZIILJ6VJVSJ32</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE000TLX1005"/>
                </identifiers>
                <balance>2591</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>130027.29</valUSD>
                <pctVal>0.101040774515</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>WORLEY LTD</name>
                <lei>549300XDR86FY8OLGP97</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000WOR2"/>
                </identifiers>
                <balance>11633</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>116001.61</valUSD>
                <pctVal>0.090141788846</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>ARC RESOURCES LTD</name>
                <lei>FIR47I6FEYKYNJBYW622</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="CA00208D4084"/>
                </identifiers>
                <balance>11137</balance>
                <units>NS</units>
                <currencyConditional curCd="CAD" exchangeRt=".738089087"/>
                <valUSD>138344.25</valUSD>
                <pctVal>0.107503664574</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>NESTE OYJ</name>
                <lei>5493009GY1X8GQ66AM14</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FI0009013296"/>
                </identifiers>
                <balance>7323</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>353896.23</valUSD>
                <pctVal>0.275003417952</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FI</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>TECK RESOURCES LTD</name>
                <lei>T8KI5SQ2JRWHL7XY0E11</lei>
                <title>ORDINARY SHARES</title>
                <cusip>878742204</cusip>
                <identifiers>
                    <isin value="CA8787422044"/>
                </identifiers>
                <balance>2967</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>138262.2</valUSD>
                <pctVal>0.107439905685</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>LEGRAND SA</name>
                <lei>969500XXRPGD7HCAFA90</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="FR0010307819"/>
                </identifiers>
                <balance>10640</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>1006643.62</valUSD>
                <pctVal>0.782236183075</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>SWEDISH ORPHAN BIOVITRUM AB</name>
                <lei>549300124Y3MQI87PT35</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="SE0000872095"/>
                </identifiers>
                <balance>14021</balance>
                <units>NS</units>
                <currencyConditional curCd="SEK" exchangeRt=".097512933"/>
                <valUSD>341344.56</valUSD>
                <pctVal>0.265249846542</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>SE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>BRAMBLES LTD</name>
                <lei>N/A</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="AU000000BXB1"/>
                </identifiers>
                <balance>110836</balance>
                <units>NS</units>
                <currencyConditional curCd="AUD" exchangeRt=".661699947"/>
                <valUSD>1048259.93</valUSD>
                <pctVal>0.814575118962</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>AU</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>AERCAP HOLDINGS NV</name>
                <lei>549300SZYINBBLJQU475</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N00985106</cusip>
                <identifiers>
                    <isin value="NL0000687663"/>
                </identifiers>
                <balance>11323</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>638164.28</valUSD>
                <pctVal>0.495900615316</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>NOMURA REAL ESTATE HOLDINGS INC</name>
                <lei>N/A</lei>
                <title>ORDINARY SHARES</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="JP3762900003"/>
                </identifiers>
                <balance>9894</balance>
                <units>NS</units>
                <currencyConditional curCd="JPY" exchangeRt=".007339719"/>
                <valUSD>246291.4</valUSD>
                <pctVal>0.191386545181</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>JP</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>VOLKSWAGEN AG</name>
                <lei>529900NNUPAGGOMPXZ31</lei>
                <title>PREFERRED</title>
                <cusip>N/A</cusip>
                <identifiers>
                    <isin value="DE0007664039"/>
                </identifiers>
                <balance>6818</balance>
                <units>NS</units>
                <currencyConditional curCd="EUR" exchangeRt="1.101900448"/>
                <valUSD>930452.64</valUSD>
                <pctVal>0.723030183856</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EP</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>DE</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>2</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>PUTNAM INVESTMENT FUNDS-PUTNAM GOVERNMENT MONEY MARKET FUND</name>
                <lei>549300SEUI2XMME8T893</lei>
                <title>SHORT TERM INV FUND</title>
                <cusip>74680A869</cusip>
                <identifiers>
                    <other otherDesc="Internal ID" value="1823199"/>
                </identifiers>
                <balance>732289</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>732289</valUSD>
                <pctVal>0.569042450463</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>PF</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
        </invstOrSecs>
        <explntrNotes>
            <explntrNote note="For total return swaps, interest rate swaps or spread swaps, if any, the mark to market payment may be either paid or received, depending on the change in value of the underlying index, basket or equity. For credit default swaps, if any, floating rate index related payments are only made upon the occurrence of a credit event on the reference obligation." noteItem="C.11.f.i.2"/>
            <explntrNote note="For certain swaptions, if any, the value provided may include any unpaid or received premium and as a result may be a negative value." noteItem="C.2.c"/>
            <explntrNote note="For total return swaps, interest rate swaps or spread swaps, if any, the mark to market payment may be either received or paid, depending on the change in value of the underlying index, basket or equity. For credit default swaps, if any, floating rate index related payments are only made upon the occurrence of a credit event on the reference obligation." noteItem="C.11.f.i.1"/>
            <explntrNote note="Monthly total returns provided exclude any applicable sales loads or redemption fees. " noteItem="B.5.a"/>
        </explntrNotes>
        <signature>
            <ncom:dateSigned>2023-06-23</ncom:dateSigned>
            <ncom:nameOfApplicant>Putnam Investments Inc</ncom:nameOfApplicant>
            <ncom:signature>Janet C. Smith</ncom:signature>
            <ncom:signerName>NPORT</ncom:signerName>
            <ncom:title>Principal Financial Officer</ncom:title>
        </signature>
    </formData>
</edgarSubmission>
