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value="Sedol"/></identifiers><balance>37312</balance><units>NS</units><curCd>USD</curCd><valUSD>2395057</valUSD><pctVal>1.3133</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Carnival Corp</name><lei>F1OF2ZSX47CR0BCWA982</lei><title>Carnival Corp</title><cusip>143658300</cusip><identifiers><isin value="PA1436583006"/><ticker value="CCL"/><other otherDesc="2523044" value="Sedol"/></identifiers><balance>36399</balance><units>NS</units><curCd>USD</curCd><valUSD>1850161</valUSD><pctVal>1.0145</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>PA</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Chevron Corp</name><lei>N/A</lei><title>Chevron Corp</title><cusip>166764100</cusip><identifiers><isin value="US1667641005"/><ticker value="CVX"/><other otherDesc="2838555" value="Sedol"/></identifiers><balance>11631</balance><units>NS</units><curCd>USD</curCd><valUSD>1401652</valUSD><pctVal>0.7686</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Cisco Systems Inc</name><lei>8E6NF1YAL0WT6CWXXV93</lei><title>Cisco Systems Inc</title><cusip>17275R102</cusip><identifiers><isin value="US17275R1023"/><ticker value="CSCO"/><other otherDesc="2198163" value="Sedol"/></identifiers><balance>77245</balance><units>NS</units><curCd>USD</curCd><valUSD>3704670</valUSD><pctVal>2.0314</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Coca-Cola Co</name><lei>UWJKFUJFZ02DKWI3RY53</lei><title>Coca-Cola Co</title><cusip>191216100</cusip><identifiers><isin value="US1912161007"/><ticker value="KO"/><other otherDesc="2206657" value="Sedol"/></identifiers><balance>33148</balance><units>NS</units><curCd>USD</curCd><valUSD>1834742</valUSD><pctVal>1.006</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Crown Castle International Cor</name><lei>54930012H97VSM0I2R19</lei><title>Crown Castle International Corp</title><cusip>22822V101</cusip><identifiers><isin value="US22822V1017"/><ticker value="CCI"/><other otherDesc="BTGQCX1" value="Sedol"/></identifiers><balance>8763</balance><units>NS</units><curCd>USD</curCd><valUSD>1245660</valUSD><pctVal>0.683</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>CyrusOne Inc</name><lei>5493006S177ZK2ZNBU43</lei><title>CyrusOne Inc</title><cusip>23283R100</cusip><identifiers><isin value="US23283R1005"/><ticker value="CONE"/><other otherDesc="B7YRLH9" value="Sedol"/></identifiers><balance>36375</balance><units>NS</units><curCd>USD</curCd><valUSD>2380016</valUSD><pctVal>1.305</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>TELUS Corp</name><lei>L2TEUTQ8OSHMJWVLCE40</lei><title>TELUS Corp</title><cusip>87971M103</cusip><identifiers><isin value="CA87971M1032"/><ticker value="T"/><other otherDesc="2381093" value="Sedol"/></identifiers><balance>49800</balance><units>NS</units><currencyConditional curCd="CAD" exchangeRt="1.2984"/><valUSD>1928484</valUSD><pctVal>1.0574</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>Manulife Financial Corp</name><lei>5493007GBX87QOZACS27</lei><title>Manulife Financial Corp</title><cusip>56501R106</cusip><identifiers><isin value="CA56501R1064"/><ticker value="MFC"/><other otherDesc="2492519" value="Sedol"/></identifiers><balance>107504</balance><units>NS</units><currencyConditional curCd="CAD" exchangeRt="1.2984"/><valUSD>2182537</valUSD><pctVal>1.1967</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>Dow Inc</name><lei>5493003S21INSLK2IP73</lei><title>Dow Inc</title><cusip>260557103</cusip><identifiers><isin value="US2605571031"/><ticker value="DOW"/><other otherDesc="BHXCF84" value="Sedol"/></identifiers><balance>10988</balance><units>NS</units><curCd>USD</curCd><valUSD>601373</valUSD><pctVal>0.3297</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>DuPont de Nemours Inc</name><lei>5493004JF0SDFLM8GD76</lei><title>DuPont de Nemours Inc</title><cusip>26614N102</cusip><identifiers><isin value="US26614N1028"/><ticker value="DD"/><other otherDesc="BK0VN47" value="Sedol"/></identifiers><balance>10988</balance><units>NS</units><curCd>USD</curCd><valUSD>705430</valUSD><pctVal>0.3868</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Veolia Environnement SA</name><lei>969500LENY69X51OOT31</lei><title>Veolia Environnement SA</title><cusip>F9686M107</cusip><identifiers><isin value="FR0000124141"/><ticker value="VIE"/><other otherDesc="4031879" value="Sedol"/></identifiers><balance>92829</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>2468624</valUSD><pctVal>1.3536</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Carlsberg A/S</name><lei>5299001O0WJQYB5GYZ19</lei><title>Carlsberg A/S</title><cusip>K36628137</cusip><identifiers><isin value="DK0010181759"/><ticker value="CARLB"/><other otherDesc="4169219" value="Sedol"/></identifiers><balance>8648</balance><units>NS</units><currencyConditional curCd="DKK" exchangeRt="6.6609"/><valUSD>1290273</valUSD><pctVal>0.7075</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DK</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Michelin</name><lei>549300SOSI58J6VIW052</lei><title>Cie Generale des Etablissements Michelin SCA</title><cusip>F61824144</cusip><identifiers><isin value="FR0000121261"/><ticker value="ML"/><other otherDesc="4588364" value="Sedol"/></identifiers><balance>20288</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>2482582</valUSD><pctVal>1.3613</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>JPMorgan Chase &amp; Co</name><lei>8I5DZWZKVSZI1NUHU748</lei><title>JPMorgan Chase &amp; Co</title><cusip>46625H100</cusip><identifiers><isin value="US46625H1005"/><ticker value="JPM"/><other otherDesc="2190385" value="Sedol"/></identifiers><balance>12999</balance><units>NS</units><curCd>USD</curCd><valUSD>1812061</valUSD><pctVal>0.9936</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Johnson &amp; Johnson</name><lei>549300G0CFPGEF6X2043</lei><title>Johnson &amp; Johnson</title><cusip>478160104</cusip><identifiers><isin value="US4781601046"/><ticker value="JNJ"/><other otherDesc="2475833" value="Sedol"/></identifiers><balance>15312</balance><units>NS</units><curCd>USD</curCd><valUSD>2233561</valUSD><pctVal>1.2247</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Swedbank AB</name><lei>M312WZV08Y7LYUC71685</lei><title>Swedbank AB</title><cusip>W94232100</cusip><identifiers><isin value="SE0000242455"/><ticker value="SWEDA"/><other otherDesc="4846523" value="Sedol"/></identifiers><balance>96348</balance><units>NS</units><currencyConditional curCd="SEK" exchangeRt="9.3634"/><valUSD>1434920</valUSD><pctVal>0.7868</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>UPM-Kymmene Oyj</name><lei>213800EC6PW5VU4J9U64</lei><title>UPM-Kymmene Oyj</title><cusip>X9518S108</cusip><identifiers><isin value="FI0009005987"/><ticker value="UPM"/><other otherDesc="5051252" value="Sedol"/></identifiers><balance>55429</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>1921656</valUSD><pctVal>1.0537</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FI</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>BASF SE</name><lei>529900PM64WH8AF1E917</lei><title>BASF SE</title><cusip>D06216317</cusip><identifiers><isin value="DE000BASF111"/><ticker value="BAS"/><other otherDesc="5086577" value="Sedol"/></identifiers><balance>28457</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>2149643</valUSD><pctVal>1.1787</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Lam Research Corp</name><lei>549300I4GMO6D34U1T02</lei><title>Lam Research Corp</title><cusip>512807108</cusip><identifiers><isin value="US5128071082"/><ticker value="LRCX"/><other otherDesc="2502247" value="Sedol"/></identifiers><balance>5128</balance><units>NS</units><curCd>USD</curCd><valUSD>1499427</valUSD><pctVal>0.8222</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Orange SA</name><lei>969500MCOONR8990S771</lei><title>Orange SA</title><cusip>F6866T100</cusip><identifiers><isin value="FR0000133308"/><ticker value="ORA"/><other otherDesc="5176177" value="Sedol"/></identifiers><balance>115422</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>1698487</valUSD><pctVal>0.9313</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Las Vegas Sands Corp</name><lei>549300DUOO1KXOHPM605</lei><title>Las Vegas Sands Corp</title><cusip>517834107</cusip><identifiers><isin value="US5178341070"/><ticker value="LVS"/><other otherDesc="B02T2J7" value="Sedol"/></identifiers><balance>30829</balance><units>NS</units><curCd>USD</curCd><valUSD>2128434</valUSD><pctVal>1.1671</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Repsol SA</name><lei>BSYCX13Y0NOTV14V9N85</lei><title>Repsol SA</title><cusip>E8471S130</cusip><identifiers><isin value="ES0173516115"/><ticker value="REP"/><other otherDesc="5669354" value="Sedol"/></identifiers><balance>95101</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>1485853</valUSD><pctVal>0.8147</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>ES</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Sanofi</name><lei>549300E9PC51EN656011</lei><title>Sanofi</title><cusip>F5548N101</cusip><identifiers><isin value="FR0000120578"/><ticker value="SAN"/><other otherDesc="5671735" value="Sedol"/></identifiers><balance>26811</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>2694993</valUSD><pctVal>1.4777</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Siemens AG</name><lei>W38RGI023J3WT1HWRP32</lei><title>Siemens AG</title><cusip>D69671218</cusip><identifiers><isin value="DE0007236101"/><ticker value="SIE"/><other otherDesc="5727973" value="Sedol"/></identifiers><balance>17711</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>2315036</valUSD><pctVal>1.2694</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Maxim Integrated Products Inc</name><lei>SO0H5YEO14Y4PVKQH532</lei><title>Maxim Integrated Products Inc</title><cusip>57772K101</cusip><identifiers><isin value="US57772K1016"/><ticker value="MXIM"/><other otherDesc="2573760" value="Sedol"/></identifiers><balance>34952</balance><units>NS</units><curCd>USD</curCd><valUSD>2149898</valUSD><pctVal>1.1788</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Microsoft Corp</name><lei>INR2EJN1ERAN0W5ZP974</lei><title>Microsoft Corp</title><cusip>594918104</cusip><identifiers><isin value="US5949181045"/><ticker value="MSFT"/><other otherDesc="2588173" value="Sedol"/></identifiers><balance>36698</balance><units>NS</units><curCd>USD</curCd><valUSD>5787135</valUSD><pctVal>3.1732</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Amcor PLC</name><lei>549300GSODGFCDQ3DI89</lei><title>Amcor PLC</title><cusip>G0250X123</cusip><identifiers><isin value="AU000000AMC4"/><ticker value="AMC"/><other otherDesc="6066608" value="Sedol"/></identifiers><balance>139710</balance><units>NS</units><currencyConditional curCd="AUD" exchangeRt="1.42531"/><valUSD>1526184</valUSD><pctVal>0.8368</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Mondelez International Inc</name><lei>549300DV9GIB88LZ5P30</lei><title>Mondelez International Inc</title><cusip>609207105</cusip><identifiers><isin value="US6092071058"/><ticker value="MDLZ"/><other otherDesc="B8CKK03" value="Sedol"/></identifiers><balance>28072</balance><units>NS</units><curCd>USD</curCd><valUSD>1546206</valUSD><pctVal>0.8478</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Occidental Petroleum Corp</name><lei>IM7X0T3ECJW4C1T7ON55</lei><title>Occidental Petroleum Corp</title><cusip>674599105</cusip><identifiers><isin value="US6745991058"/><ticker value="OXY"/><other otherDesc="2655408" 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exchangeRt="108.64"/><valUSD>1101114</valUSD><pctVal>0.6038</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>AXA SA</name><lei>F5WCUMTUM4RKZ1MAIE39</lei><title>AXA SA</title><cusip>F06106102</cusip><identifiers><isin value="FR0000120628"/><ticker value="CS"/><other otherDesc="7088429" value="Sedol"/></identifiers><balance>98882</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>2784862</valUSD><pctVal>1.527</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Novartis AG</name><lei>5493007HIVTX6SY6XD66</lei><title>Novartis AG</title><cusip>H5820Q150</cusip><identifiers><isin value="CH0012005267"/><ticker value="NOVN"/><other otherDesc="7103065" value="Sedol"/></identifiers><balance>36514</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9676"/><valUSD>3468000</valUSD><pctVal>1.9016</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>ABB Ltd</name><lei>5493000LKVGOO9PELI61</lei><title>ABB Ltd</title><cusip>H0010V101</cusip><identifiers><isin value="CH0012221716"/><ticker value="ABBN"/><other otherDesc="7108899" value="Sedol"/></identifiers><balance>109980</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9676"/><valUSD>2656297</valUSD><pctVal>1.4565</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CH</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Roche Holding AG</name><lei>549300U41AUUVOAAOB37</lei><title>Roche Holding AG</title><cusip>H69293217</cusip><identifiers><isin value="CH0012032048"/><ticker value="ROG"/><other otherDesc="7110388" value="Sedol"/></identifiers><balance>13411</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9676"/><valUSD>4352061</valUSD><pctVal>2.3864</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>Nestle SA</name><lei>KY37LUS27QQX7BB93L28</lei><title>Nestle SA</title><cusip>H57312649</cusip><identifiers><isin value="CH0038863350"/><ticker value="NESN"/><other otherDesc="7123870" value="Sedol"/></identifiers><balance>35448</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9676"/><valUSD>3838613</valUSD><pctVal>2.1048</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>Enel SpA</name><lei>WOCMU6HCI0OJWNPRZS33</lei><title>Enel SpA</title><cusip>T3679P115</cusip><identifiers><isin value="IT0003128367"/><ticker value="ENEL"/><other otherDesc="7144569" value="Sedol"/></identifiers><balance>386708</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>3067362</valUSD><pctVal>1.6819</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>IT</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Pfizer Inc</name><lei>765LHXWGK1KXCLTFYQ30</lei><title>Pfizer Inc</title><cusip>717081103</cusip><identifiers><isin value="US7170811035"/><ticker value="PFE"/><other otherDesc="2684703" value="Sedol"/></identifiers><balance>108461</balance><units>NS</units><curCd>USD</curCd><valUSD>4249502</valUSD><pctVal>2.3301</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>BNP Paribas SA</name><lei>R0MUWSFPU8MPRO8K5P83</lei><title>BNP Paribas SA</title><cusip>F1058Q238</cusip><identifiers><isin value="FR0000131104"/><ticker value="BNP"/><other otherDesc="7309681" value="Sedol"/></identifiers><balance>35986</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>2132327</valUSD><pctVal>1.1692</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Sabre Corp</name><lei>529900VKCYZW8GZ4WW58</lei><title>Sabre Corp</title><cusip>78573M104</cusip><identifiers><isin value="US78573M1045"/><ticker value="SABR"/><other otherDesc="BLLHH27" value="Sedol"/></identifiers><balance>68002</balance><units>NS</units><curCd>USD</curCd><valUSD>1525965</valUSD><pctVal>0.8367</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Verizon Communications Inc</name><lei>2S72QS2UO2OESLG6Y829</lei><title>Verizon Communications Inc</title><cusip>92343V104</cusip><identifiers><isin value="US92343V1044"/><ticker value="VZ"/><other otherDesc="2090571" value="Sedol"/></identifiers><balance>50246</balance><units>NS</units><curCd>USD</curCd><valUSD>3085104</valUSD><pctVal>1.6916</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>VICI Properties Inc</name><lei>254900RKH6RY9KCJQH63</lei><title>VICI Properties Inc</title><cusip>925652109</cusip><identifiers><isin value="US9256521090"/><ticker value="VICI"/><other otherDesc="BYWH073" value="Sedol"/></identifiers><balance>58847</balance><units>NS</units><curCd>USD</curCd><valUSD>1503541</valUSD><pctVal>0.8244</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Royal Dutch Shell PLC</name><lei>21380068P1DRHMJ8KU70</lei><title>Royal Dutch Shell PLC</title><cusip>G7690A100</cusip><identifiers><isin value="GB00B03MLX29"/><ticker value="RDSA"/><other otherDesc="B09CBL4" value="Sedol"/></identifiers><balance>85537</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>2510235</valUSD><pctVal>1.3764</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Unilever NV</name><lei>549300TK7G7NZTVM1Z30</lei><title>Unilever NV</title><cusip>N8981F289</cusip><identifiers><isin value="NL0000388619"/><ticker value="UNA"/><other otherDesc="B1527V7" value="Sedol"/></identifiers><balance>45850</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>2634531</valUSD><pctVal>1.4446</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NL</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>TOTAL SA</name><lei>529900S21EQ1BO4ESM68</lei><title>TOTAL SA</title><cusip>F92124100</cusip><identifiers><isin value="FR0000120271"/><ticker value="FP"/><other otherDesc="B15C557" value="Sedol"/></identifiers><balance>36580</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>2018592</valUSD><pctVal>1.1069</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Danone SA</name><lei>969500KMUQ2B6CBAF162</lei><title>Danone SA</title><cusip>F12033134</cusip><identifiers><isin value="FR0000120644"/><ticker value="BN"/><other otherDesc="B1Y9TB3" value="Sedol"/></identifiers><balance>18667</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>1547243</valUSD><pctVal>0.8484</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>SK Innovation Co Ltd</name><lei>988400PXP70BWVSJVF07</lei><title>SK Innovation Co Ltd</title><cusip>Y8063L103</cusip><identifiers><isin value="KR7096770003"/><ticker value="96770"/><other otherDesc="B232R05" value="Sedol"/></identifiers><balance>10765</balance><units>NS</units><currencyConditional curCd="KRW" exchangeRt="1156.3"/><valUSD>1396480</valUSD><pctVal>0.7657</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>KR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Iberdrola SA</name><lei>5QK37QC7NWOJ8D7WVQ45</lei><title>Iberdrola SA</title><cusip>E6165F166</cusip><identifiers><isin value="ES0144580Y14"/><ticker value="IBE"/><other otherDesc="B288C92" value="Sedol"/></identifiers><balance>187359</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>1929110</valUSD><pctVal>1.0578</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>ES</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Tele2 AB</name><lei>213800EKD193RVI9HL76</lei><title>Tele2 AB</title><cusip>W95878166</cusip><identifiers><isin value="SE0005190238"/><ticker value="TEL2B"/><other otherDesc="B97C733" value="Sedol"/></identifiers><balance>157770</balance><units>NS</units><currencyConditional curCd="SEK" exchangeRt="9.3634"/><valUSD>2289025</valUSD><pctVal>1.2551</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>SIG Combibloc Group AG</name><lei>5493004Z6P7TSVB1L042</lei><title>SIG Combibloc Group AG</title><cusip>H76406117</cusip><identifiers><isin value="CH0435377954"/><ticker value="SIGN"/><other otherDesc="BD5GN60" value="Sedol"/></identifiers><balance>66685</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9676"/><valUSD>1065471</valUSD><pctVal>0.5842</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>Red Electrica Corp SA</name><lei>5493009HMD0C90GUV498</lei><title>Red Electrica Corp SA</title><cusip>E42807110</cusip><identifiers><isin value="ES0173093024"/><ticker value="REE"/><other otherDesc="BD6FXN3" value="Sedol"/></identifiers><balance>30919</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>621619</valUSD><pctVal>0.3409</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>ES</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Prosegur Cash SA</name><lei>9598005HY5DEFPU2SM35</lei><title>Prosegur Cash SA</title><cusip>E8S56X108</cusip><identifiers><isin value="ES0105229001"/><ticker value="CASH"/><other otherDesc="BDH3Q71" value="Sedol"/></identifiers><balance>608377</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>926643</valUSD><pctVal>0.5081</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>ES</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>National Grid PLC</name><lei>8R95QZMKZLJX5Q2XR704</lei><title>National Grid PLC</title><cusip>G6S9A7120</cusip><identifiers><isin value="GB00BDR05C01"/><ticker value="NG/"/><other otherDesc="BDR05C0" value="Sedol"/></identifiers><balance>125767</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.75506"/><valUSD>1572879</valUSD><pctVal>0.8625</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>BHP Group PLC</name><lei>549300C116EOWV835768</lei><title>BHP Group PLC</title><cusip>G10877127</cusip><identifiers><isin value="GB00BH0P3Z91"/><ticker value="BHP"/><other otherDesc="BH0P3Z9" value="Sedol"/></identifiers><balance>80046</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.75506"/><valUSD>1883635</valUSD><pctVal>1.0328</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>Vodafone Group PLC</name><lei>213800TB53ELEUKM7Q61</lei><title>Vodafone Group PLC</title><cusip>G9T75R103</cusip><identifiers><isin value="GB00BH4HKS39"/><ticker value="VOD"/><other otherDesc="BH4HKS3" value="Sedol"/></identifiers><balance>489453</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.75506"/><valUSD>951343</valUSD><pctVal>0.5216</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>Repsol SA</name><lei>BSYCX13Y0NOTV14V9N85</lei><title>Repsol SA Rights 2019-31.12.19 For Shares</title><cusip>N/A</cusip><identifiers><isin value="ES06735169F2"/><ticker value="REP/D SM"/><other otherDesc="BK80VN1" value="Sedol"/></identifiers><balance>95101</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>45120</valUSD><pctVal>0.0247</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>ES</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>M&amp;G PLC</name><lei>254900TWUJUQ44TQJY84</lei><title>M&amp;G PLC</title><cusip>G6107R102</cusip><identifiers><isin value="GB00BKFB1C65"/><ticker value="MNG"/><other otherDesc="BKFB1C6" value="Sedol"/></identifiers><balance>59433</balance><units>NS</units><currencyConditional curCd="GBP" 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value="Sedol"/></identifiers><balance>1000000</balance><units>PA</units><curCd>USD</curCd><valUSD>1057855</valUSD><pctVal>0.5801</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2027-05-15</maturityDt><couponKind>Fixed</couponKind><annualizedRt>5</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>MICROSOFT CORP</name><lei>INR2EJN1ERAN0W5ZP974</lei><title>Microsoft Corp</title><cusip>594918BY9</cusip><identifiers><isin value="US594918BY93"/><ticker value="MSFT"/><other otherDesc="BYP2PD6" 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value="Sedol"/></identifiers><balance>200000</balance><units>PA</units><curCd>USD</curCd><valUSD>220000</valUSD><pctVal>0.1206</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2021-11-15</maturityDt><couponKind>Fixed</couponKind><annualizedRt>8</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>SERVICE CORP INTL</name><lei>549300RKVM2ME20JHZ15</lei><title>Service Corp International/US</title><cusip>817565CE2</cusip><identifiers><isin value="US817565CE22"/><ticker value="SCI"/><other otherDesc="BK62T02" value="Sedol"/></identifiers><balance>800000</balance><units>PA</units><curCd>USD</curCd><valUSD>850000</valUSD><pctVal>0.4661</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2029-06-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>5.125</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>SIRIUS XM RADIO INC</name><lei>WP5O65E6BMU84LNO4227</lei><title>Sirius XM Radio Inc</title><cusip>82967NBC1</cusip><identifiers><isin value="US82967NBC11"/><ticker value="SIRI"/><other otherDesc="BJYHK54" value="Sedol"/></identifiers><balance>1000000</balance><units>PA</units><curCd>USD</curCd><valUSD>1081240</valUSD><pctVal>0.5929</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2029-07-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>5.5</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>T-MOBILE USA INC</name><lei>549300V2JRLO5DIFGE82</lei><title>T-Mobile USA Inc</title><cusip>87264AAU9</cusip><identifiers><isin value="US87264AAU97"/><ticker value="TMUS"/><other otherDesc="BFN9L94" value="Sedol"/></identifiers><balance>91000</balance><units>PA</units><curCd>USD</curCd><valUSD>93275</valUSD><pctVal>0.0511</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2026-02-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>4.5</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>T-MOBILE USA INC</name><lei>549300V2JRLO5DIFGE82</lei><title>T-Mobile USA Inc</title><cusip>87264AAV7</cusip><identifiers><isin value="US87264AAV70"/><ticker value="TMUS"/><other otherDesc="BFN9L83" value="Sedol"/></identifiers><balance>57000</balance><units>PA</units><curCd>USD</curCd><valUSD>59725</valUSD><pctVal>0.0327</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2028-02-01</maturityDt><couponKind>Fixed</couponKind><annualizedRt>4.75</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>US TREASURY N/B</name><lei>254900HROIFWPRGM1V77</lei><title>United States Treasury Note/Bond</title><cusip>9128285K2</cusip><identifiers><isin value="US9128285K26"/><ticker value="UST1"/><other otherDesc="BGN70C1" value="Sedol"/></identifiers><balance>1000000</balance><units>PA</units><curCd>USD</curCd><valUSD>1044411</valUSD><pctVal>0.5727</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>UST</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2023-10-31</maturityDt><couponKind>Fixed</couponKind><annualizedRt>2.875</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>US TREASURY N/B</name><lei>254900HROIFWPRGM1V77</lei><title>United States Treasury Note/Bond</title><cusip>9128285L0</cusip><identifiers><isin value="US9128285L09"/><ticker value="UST1"/><other otherDesc="BGRW828" 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value="Sedol"/></identifiers><balance>2000000</balance><units>PA</units><curCd>USD</curCd><valUSD>2019630</valUSD><pctVal>1.1074</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>UST</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2020-11-30</maturityDt><couponKind>Fixed</couponKind><annualizedRt>2.75</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>VMWARE INC</name><lei>549300BUDHS3LRWBE814</lei><title>VMware Inc</title><cusip>928563AC9</cusip><identifiers><isin value="US928563AC98"/><ticker value="VMW"/><other otherDesc="BDT5HN8" value="Sedol"/></identifiers><balance>353000</balance><units>PA</units><curCd>USD</curCd><valUSD>369107</valUSD><pctVal>0.2024</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2027-08-21</maturityDt><couponKind>Fixed</couponKind><annualizedRt>3.9</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>BARCLAYS BANK PLC</name><lei>G5GSEF7VJP5I7OUK5573</lei><title>Barclays Bank PLC</title><cusip>06738C828</cusip><identifiers><isin value="US06738C8284"/><ticker value="BACR"/><other otherDesc="B0BFNY8" value="Sedol"/></identifiers><balance>910000</balance><units>PA</units><curCd>USD</curCd><valUSD>1048566</valUSD><pctVal>0.575</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2099-12-31</maturityDt><couponKind>Variable</couponKind><annualizedRt>6.278</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>DEUTSCHE TELEKOM INT FIN</name><lei>529900ERDFHS6C1M4U58</lei><title>Deutsche Telekom International Finance BV</title><cusip>25156PAU7</cusip><identifiers><isin value="US25156PAU75"/><ticker value="DT"/><other otherDesc="BD915M1" value="Sedol"/></identifiers><balance>1000000</balance><units>PA</units><curCd>USD</curCd><valUSD>999761</valUSD><pctVal>0.5482</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>CORP</issuerCat><invCountry>NL</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2021-09-19</maturityDt><couponKind>Fixed</couponKind><annualizedRt>1.95</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>LLOYDS BANKING GROUP PLC</name><lei>549300PPXHEU2JF0AM85</lei><title>Lloyds Banking Group PLC</title><cusip>539439AF6</cusip><identifiers><isin value="US539439AF68"/><ticker value="LLOYDS"/><other otherDesc="B3L4LR5" value="Sedol"/></identifiers><balance>412000</balance><units>PA</units><curCd>USD</curCd><valUSD>490873</valUSD><pctVal>0.2692</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2099-12-31</maturityDt><couponKind>Variable</couponKind><annualizedRt>6.657</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>ROYAL BK SCOTLND GRP PLC</name><lei>2138005O9XJIJN4JPN90</lei><title>Royal Bank of Scotland Group PLC</title><cusip>780097AY7</cusip><identifiers><isin value="US780097AY76"/><ticker value="RBS"/><other otherDesc="BBDY0Z0" value="Sedol"/></identifiers><balance>1000000</balance><units>PA</units><curCd>USD</curCd><valUSD>1100357</valUSD><pctVal>0.6034</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2023-06-10</maturityDt><couponKind>Fixed</couponKind><annualizedRt>6.1</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>HBOS CAPITAL FUNDING LP</name><lei>213800KYUD5TC7VH5419</lei><title>HBOS Capital Funding LP</title><cusip>EC9026716</cusip><identifiers><isin value="XS0165483164"/><ticker value="LLOYDS"/><other otherDesc="7567155" value="Sedol"/></identifiers><balance>100000</balance><units>PA</units><curCd>USD</curCd><valUSD>102100</valUSD><pctVal>0.056</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>CORP</issuerCat><invCountry>JE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2099-12-31</maturityDt><couponKind>Fixed</couponKind><annualizedRt>6.85</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>PRUDENTIAL PLC</name><lei>5493001Z3ZE83NGK8Y12</lei><title>Prudential PLC</title><cusip>LW1914032</cusip><identifiers><isin value="XS1426796477"/><ticker value="PRUFIN"/><other otherDesc="BD34CL4" value="Sedol"/></identifiers><balance>900000</balance><units>PA</units><curCd>USD</curCd><valUSD>918000</valUSD><pctVal>0.5034</pctVal><payoffProfile>Long</payoffProfile><assetCat>DBT</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><debtSec><maturityDt>2099-12-31</maturityDt><couponKind>Fixed</couponKind><annualizedRt>5.25</annualizedRt><isDefault>N</isDefault><areIntrstPmntsInArrs>N</areIntrstPmntsInArrs><isPaidKind>N</isPaidKind></debtSec><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>TSMC</name><lei>549300KB6NK5SBD14S87</lei><title>Taiwan Semiconductor Manufacturing Co Ltd (ADR)</title><cusip>874039100</cusip><identifiers><isin value="US8740391003"/><ticker value="TSM"/><other otherDesc="2113382" value="Sedol"/></identifiers><balance>62081</balance><units>NS</units><curCd>USD</curCd><valUSD>3606906</valUSD><pctVal>1.9778</pctVal><payoffProfile>Long</payoffProfile><assetConditional assetCat="OTHER" desc="GDR"/><issuerCat>CORP</issuerCat><invCountry>TW</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>N/A</name><lei>N/A</lei><title>Sell GBP / Buy USD</title><cusip>N/A</cusip><identifiers><other otherDesc="FXF110071785" value="Internal ID"/></identifiers><balance>1</balance><units>NC</units><curCd>USD</curCd><valUSD>-51695</valUSD><pctVal>-0.0283</pctVal><payoffProfile>N/A</payoffProfile><assetCat>DFE</assetCat><issuerConditional desc="N/A" issuerCat="OTHER"/><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><derivativeInfo><fwdDeriv derivCat="FWD"><counterparties><counterpartyName>BNP Paribas</counterpartyName><counterpartyLei>R0MUWSFPU8MPRO8K5P83</counterpartyLei></counterparties><amtCurSold>5277849</amtCurSold><curSold>GBP</curSold><amtCurPur>6943612</amtCurPur><curPur>USD</curPur><settlementDt>2020-01-29</settlementDt><unrealizedAppr>-51695</unrealizedAppr></fwdDeriv></derivativeInfo><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>N/A</name><lei>N/A</lei><title>Sell EUR / Buy USD</title><cusip>N/A</cusip><identifiers><other otherDesc="FXF110071795" value="Internal ID"/></identifiers><balance>1</balance><units>NC</units><curCd>USD</curCd><valUSD>-62124</valUSD><pctVal>-0.0341</pctVal><payoffProfile>N/A</payoffProfile><assetCat>DFE</assetCat><issuerConditional desc="N/A" issuerCat="OTHER"/><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><derivativeInfo><fwdDeriv derivCat="FWD"><counterparties><counterpartyName>BNP Paribas</counterpartyName><counterpartyLei>R0MUWSFPU8MPRO8K5P83</counterpartyLei></counterparties><amtCurSold>7099267</amtCurSold><curSold>EUR</curSold><amtCurPur>7914401</amtCurPur><curPur>USD</curPur><settlementDt>2020-01-29</settlementDt><unrealizedAppr>-62124</unrealizedAppr></fwdDeriv></derivativeInfo><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec></invstOrSecs><explntrNotes><explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/></explntrNotes><signature><ncom:dateSigned>2020-02-14</ncom:dateSigned><ncom:nameOfApplicant>JESPER NERGAARD</ncom:nameOfApplicant><ncom:signature>JESPER NERGAARD</ncom:signature><ncom:signerName>JESPER NERGAARD</ncom:signerName><ncom:title>VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER</ncom:title></signature></nport:formData></nport:edgarSubmission>
