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exchangeRt="0.75506"/><valUSD>1973921</valUSD><pctVal>0.9871</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>Cadence BanCorp</name><lei>54930022CKKXKBR5CK30</lei><title>Cadence BanCorp</title><cusip>12739A100</cusip><identifiers><isin value="US12739A1007"/><ticker value="CADE"/><other otherDesc="BYWVH74" value="Sedol"/></identifiers><balance>69292</balance><units>NS</units><curCd>USD</curCd><valUSD>1256264</valUSD><pctVal>0.6282</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>Celestica Inc</name><lei>549300J3CG5T6RZWLN53</lei><title>Celestica Inc</title><cusip>15101Q108</cusip><identifiers><isin value="CA15101Q1081"/><ticker value="CLS"/><other otherDesc="2262659" value="Sedol"/></identifiers><balance>156811</balance><units>NS</units><curCd>USD</curCd><valUSD>1296827</valUSD><pctVal>0.6485</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>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>63250</balance><units>NS</units><curCd>USD</curCd><valUSD>3500888</valUSD><pctVal>1.7507</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>Cognizant Technology Solutions</name><lei>5493006IEVQEFQO40L83</lei><title>Cognizant Technology Solutions Corp</title><cusip>192446102</cusip><identifiers><isin value="US1924461023"/><ticker value="CTSH"/><other otherDesc="2257019" value="Sedol"/></identifiers><balance>71710</balance><units>NS</units><curCd>USD</curCd><valUSD>4447454</valUSD><pctVal>2.224</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>Canadian Natural Resources Ltd</name><lei>549300T15RIMIKZC5Q38</lei><title>Canadian Natural Resources Ltd</title><cusip>136385101</cusip><identifiers><isin value="CA1363851017"/><ticker value="CNQ"/><other otherDesc="2171573" value="Sedol"/></identifiers><balance>22484</balance><units>NS</units><currencyConditional curCd="CAD" exchangeRt="1.2984"/><valUSD>727301</valUSD><pctVal>0.3637</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>Exelon Corp</name><lei>3SOUA6IRML7435B56G12</lei><title>Exelon Corp</title><cusip>30161N101</cusip><identifiers><isin value="US30161N1019"/><ticker value="EXC"/><other otherDesc="2670519" value="Sedol"/></identifiers><balance>41077</balance><units>NS</units><curCd>USD</curCd><valUSD>1872700</valUSD><pctVal>0.9365</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>Exxon Mobil Corp</name><lei>J3WHBG0MTS7O8ZVMDC91</lei><title>Exxon Mobil Corp</title><cusip>30231G102</cusip><identifiers><isin value="US30231G1022"/><ticker value="XOM"/><other otherDesc="2326618" value="Sedol"/></identifiers><balance>27151</balance><units>NS</units><curCd>USD</curCd><valUSD>1894597</valUSD><pctVal>0.9474</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>Fifth Third Bancorp</name><lei>THRNG6BD57P9QWTQLG42</lei><title>Fifth Third Bancorp</title><cusip>316773100</cusip><identifiers><isin value="US3167731005"/><ticker value="FITB"/><other otherDesc="2336747" value="Sedol"/></identifiers><balance>87851</balance><units>NS</units><curCd>USD</curCd><valUSD>2700540</valUSD><pctVal>1.3504</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>Hartford Financial Services Gr</name><lei>IU7C3FTM7Y3BQM112U94</lei><title>Hartford Financial Services Group Inc</title><cusip>416515104</cusip><identifiers><isin value="US4165151048"/><ticker value="HIG"/><other otherDesc="2476193" value="Sedol"/></identifiers><balance>33027</balance><units>NS</units><curCd>USD</curCd><valUSD>2007051</valUSD><pctVal>1.0037</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>GEA Group AG</name><lei>549300PHUU0ZZWO8EO07</lei><title>GEA Group AG</title><cusip>D28304109</cusip><identifiers><isin value="DE0006602006"/><ticker value="G1A"/><other otherDesc="4557104" value="Sedol"/></identifiers><balance>60133</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>1988291</valUSD><pctVal>0.9943</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>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>56009</balance><units>NS</units><curCd>USD</curCd><valUSD>8170033</valUSD><pctVal>4.0856</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>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>48737</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>4898955</valUSD><pctVal>2.4498</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>Bayerische Motoren Werke AG</name><lei>YEH5ZCD6E441RHVHD759</lei><title>Bayerische Motoren Werke AG</title><cusip>D12096109</cusip><identifiers><isin value="DE0005190003"/><ticker value="BMW"/><other otherDesc="5756029" value="Sedol"/></identifiers><balance>44772</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>3672833</valUSD><pctVal>1.8367</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>Asahi Diamond Industrial Co Lt</name><lei>N/A</lei><title>Asahi Diamond Industrial Co Ltd</title><cusip>J02268100</cusip><identifiers><isin value="JP3114400009"/><ticker value="6140"/><other otherDesc="6054788" value="Sedol"/></identifiers><balance>31300</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>185829</valUSD><pctVal>0.0929</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>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>149260</balance><units>NS</units><currencyConditional curCd="AUD" exchangeRt="1.42531"/><valUSD>1630507</valUSD><pctVal>0.8154</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>Z Holdings Corp</name><lei>52990078MD2OL792YM35</lei><title>Z Holdings Corp</title><cusip>J95402103</cusip><identifiers><isin value="JP3933800009"/><ticker value="4689"/><other otherDesc="6084848" value="Sedol"/></identifiers><balance>617100</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>2618585</valUSD><pctVal>1.3095</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>Mosaic Co</name><lei>2YD5STGSJNMUB7H76907</lei><title>Mosaic Co</title><cusip>61945C103</cusip><identifiers><isin value="US61945C1036"/><ticker value="MOS"/><other otherDesc="B3NPHP6" value="Sedol"/></identifiers><balance>30493</balance><units>NS</units><curCd>USD</curCd><valUSD>659869</valUSD><pctVal>0.33</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>BML Inc</name><lei>5493003Y6Y1P8HBEL806</lei><title>BML Inc</title><cusip>J0447V102</cusip><identifiers><isin value="JP3799700004"/><ticker value="4694"/><other otherDesc="6197876" value="Sedol"/></identifiers><balance>44700</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>1294012</valUSD><pctVal>0.6471</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>Cosel Co Ltd</name><lei>N/A</lei><title>Cosel Co Ltd</title><cusip>J08306102</cusip><identifiers><isin value="JP3283700007"/><ticker value="6905"/><other otherDesc="6199742" value="Sedol"/></identifiers><balance>65046</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>706501</valUSD><pctVal>0.3533</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>Daiseki Co Ltd</name><lei>N/A</lei><title>Daiseki Co Ltd</title><cusip>J10773109</cusip><identifiers><isin value="JP3485600005"/><ticker value="9793"/><other otherDesc="6263164" value="Sedol"/></identifiers><balance>20700</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>603051</valUSD><pctVal>0.3016</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>Ebara Corp</name><lei>353800UV8U3SOMCDTI49</lei><title>Ebara Corp</title><cusip>J12600128</cusip><identifiers><isin value="JP3166000004"/><ticker value="6361"/><other otherDesc="6302700" value="Sedol"/></identifiers><balance>49900</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>1527223</valUSD><pctVal>0.7637</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>Fukushima Galilei Co Ltd</name><lei>N/A</lei><title>Fukushima Galilei Co Ltd</title><cusip>J16034100</cusip><identifiers><isin value="JP3805150004"/><ticker value="6420"/><other otherDesc="6355210" value="Sedol"/></identifiers><balance>21000</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>792526</valUSD><pctVal>0.3963</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>Hirose Electric Co Ltd</name><lei>N/A</lei><title>Hirose Electric Co Ltd</title><cusip>J19782101</cusip><identifiers><isin value="JP3799000009"/><ticker value="6806"/><other otherDesc="6428725" value="Sedol"/></identifiers><balance>8700</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>1123536</valUSD><pctVal>0.5618</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>Honda Motor Co Ltd</name><lei>549300P7ZYCQJ36CCS16</lei><title>Honda Motor Co Ltd</title><cusip>J22302111</cusip><identifiers><isin value="JP3854600008"/><ticker value="7267"/><other otherDesc="6435145" value="Sedol"/></identifiers><balance>147000</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>4193235</valUSD><pctVal>2.0969</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>Secom Joshinetsu Co Ltd</name><lei>N/A</lei><title>Secom Joshinetsu Co Ltd</title><cusip>J69977106</cusip><identifiers><isin value="JP3421850003"/><ticker value="4342"/><other otherDesc="6438746" value="Sedol"/></identifiers><balance>10395</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>385124</valUSD><pctVal>0.1926</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>Hogy Medical Co Ltd</name><lei>N/A</lei><title>Hogy Medical Co Ltd</title><cusip>J21042106</cusip><identifiers><isin value="JP3840800001"/><ticker value="3593"/><other otherDesc="6439040" value="Sedol"/></identifiers><balance>26200</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>863365</valUSD><pctVal>0.4317</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>Hyundai Motor Co</name><lei>9884004RQX8PRBXQ8S60</lei><title>Hyundai Motor Co</title><cusip>Y38472109</cusip><identifiers><isin value="KR7005380001"/><ticker value="5380"/><other otherDesc="6451055" value="Sedol"/></identifiers><balance>19902</balance><units>NS</units><currencyConditional curCd="KRW" exchangeRt="1156.3"/><valUSD>2074021</valUSD><pctVal>1.0371</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>Icom Inc</name><lei>N/A</lei><title>Icom Inc</title><cusip>J2326F109</cusip><identifiers><isin value="JP3101400004"/><ticker value="6820"/><other otherDesc="6458432" value="Sedol"/></identifiers><balance>28700</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>718557</valUSD><pctVal>0.3593</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>Kangwon Land Inc</name><lei>N/A</lei><title>Kangwon Land Inc</title><cusip>Y4581L105</cusip><identifiers><isin value="KR7035250000"/><ticker value="35250"/><other otherDesc="6683449" value="Sedol"/></identifiers><balance>47804</balance><units>NS</units><currencyConditional curCd="KRW" 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exchangeRt="108.64"/><valUSD>884658</valUSD><pctVal>0.4424</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>Transcosmos Inc</name><lei>N/A</lei><title>Transcosmos Inc</title><cusip>J9297T109</cusip><identifiers><isin value="JP3635700002"/><ticker value="9715"/><other otherDesc="6900955" value="Sedol"/></identifiers><balance>36000</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>983505</valUSD><pctVal>0.4918</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>PPL Corp</name><lei>9N3UAJSNOUXFKQLF3V18</lei><title>PPL Corp</title><cusip>69351T106</cusip><identifiers><isin value="US69351T1060"/><ticker value="PPL"/><other otherDesc="2680905" value="Sedol"/></identifiers><balance>69081</balance><units>NS</units><curCd>USD</curCd><valUSD>2478626</valUSD><pctVal>1.2395</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>Yamato Kogyo Co Ltd</name><lei>N/A</lei><title>Yamato Kogyo Co Ltd</title><cusip>J96524111</cusip><identifiers><isin value="JP3940400009"/><ticker value="5444"/><other otherDesc="6985446" value="Sedol"/></identifiers><balance>55000</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>1388163</valUSD><pctVal>0.6942</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Novartis AG</name><lei>5493007HIVTX6SY6XD66</lei><title>Novartis AG</title><cusip>H5820Q150</cusip><identifiers><isin value="CH0012005267"/><ticker value="NOVN"/><other otherDesc="7103065" value="Sedol"/></identifiers><balance>38720</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9676"/><valUSD>3677520</valUSD><pctVal>1.839</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>11763</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9676"/><valUSD>3817261</valUSD><pctVal>1.9089</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>27470</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9676"/><valUSD>2974686</valUSD><pctVal>1.4875</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>PepsiCo Inc</name><lei>FJSUNZKFNQ5YPJ5OT455</lei><title>PepsiCo Inc</title><cusip>713448108</cusip><identifiers><isin value="US7134481081"/><ticker value="PEP"/><other otherDesc="2681511" 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value="Sedol"/></identifiers><balance>190359</balance><units>NS</units><curCd>USD</curCd><valUSD>7458266</valUSD><pctVal>3.7296</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>Procter &amp; Gamble Co</name><lei>2572IBTT8CCZW6AU4141</lei><title>Procter &amp; Gamble Co</title><cusip>742718109</cusip><identifiers><isin value="US7427181091"/><ticker value="PG"/><other otherDesc="2704407" value="Sedol"/></identifiers><balance>17678</balance><units>NS</units><curCd>USD</curCd><valUSD>2207982</valUSD><pctVal>1.1041</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>Public Storage</name><lei>549300LMZF40TKJ6DM64</lei><title>Public Storage</title><cusip>74460D109</cusip><identifiers><isin value="US74460D1090"/><ticker value="PSA"/><other otherDesc="2852533" value="Sedol"/></identifiers><balance>22349</balance><units>NS</units><curCd>USD</curCd><valUSD>4759443</valUSD><pctVal>2.38</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>Synchrony Financial</name><lei>549300RS7EWPM9MA6C78</lei><title>Synchrony Financial</title><cusip>87165B103</cusip><identifiers><isin value="US87165B1035"/><ticker value="SYF"/><other otherDesc="BP96PS6" value="Sedol"/></identifiers><balance>106261</balance><units>NS</units><curCd>USD</curCd><valUSD>3826459</valUSD><pctVal>1.9135</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>Two Harbors Investment Corp</name><lei>549300ZUIBT6KH4HU823</lei><title>Two Harbors Investment Corp</title><cusip>90187B408</cusip><identifiers><isin value="US90187B4086"/><ticker value="TWO"/><other otherDesc="BD832H2" value="Sedol"/></identifiers><balance>99392</balance><units>NS</units><curCd>USD</curCd><valUSD>1453111</valUSD><pctVal>0.7267</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>Wells Fargo &amp; Co</name><lei>PBLD0EJDB5FWOLXP3B76</lei><title>Wells Fargo &amp; Co</title><cusip>949746101</cusip><identifiers><isin value="US9497461015"/><ticker value="WFC"/><other otherDesc="2649100" value="Sedol"/></identifiers><balance>151029</balance><units>NS</units><curCd>USD</curCd><valUSD>8125360</valUSD><pctVal>4.0632</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>SingTel</name><lei>2549003XJKIQO8YDYD89</lei><title>Singapore Telecommunications Ltd</title><cusip>Y79985209</cusip><identifiers><isin value="SG1T75931496"/><ticker value="ST"/><other otherDesc="B02PY22" value="Sedol"/></identifiers><balance>1437300</balance><units>NS</units><currencyConditional curCd="SGD" exchangeRt="1.3446"/><valUSD>3602336</valUSD><pctVal>1.8014</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SG</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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="B03MLX2" value="Sedol"/></identifiers><balance>36646</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.75506"/><valUSD>1084732</valUSD><pctVal>0.5424</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>Engie SA</name><lei>LAXUQCHT4FH58LRZDY46</lei><title>Engie SA</title><cusip>F42768105</cusip><identifiers><isin value="FR0010208488"/><ticker value="ENGI"/><other otherDesc="B0C2CQ3" value="Sedol"/></identifiers><balance>68542</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>1107029</valUSD><pctVal>0.5536</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>Qol Holdings Co Ltd</name><lei>N/A</lei><title>Qol Holdings Co Ltd</title><cusip>J64663107</cusip><identifiers><isin value="JP3266160005"/><ticker value="3034"/><other otherDesc="B11V893" value="Sedol"/></identifiers><balance>77700</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>1094265</valUSD><pctVal>0.5472</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>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>40620</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>2334017</valUSD><pctVal>1.1672</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>Lookers PLC</name><lei>213800TSB8PJEACDAV33</lei><title>Lookers PLC</title><cusip>G56420170</cusip><identifiers><isin value="GB00B17MMZ46"/><ticker value="LOOK"/><other otherDesc="B17MMZ4" value="Sedol"/></identifiers><balance>812811</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.75506"/><valUSD>592067</valUSD><pctVal>0.2961</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>LSL Property Services PLC</name><lei>213800T4VM5VR3C7S706</lei><title>LSL Property Services PLC</title><cusip>G571AR102</cusip><identifiers><isin value="GB00B1G5HX72"/><ticker value="LSL"/><other otherDesc="B1G5HX7" value="Sedol"/></identifiers><balance>319441</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.75506"/><valUSD>1159204</valUSD><pctVal>0.5797</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>Vertu Motors PLC</name><lei>213800GIKJEIUIGMI575</lei><title>Vertu Motors PLC</title><cusip>G9337V109</cusip><identifiers><isin value="GB00B1GK4645"/><ticker value="VTU"/><other otherDesc="B1GK464" value="Sedol"/></identifiers><balance>676645</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.75506"/><valUSD>336951</valUSD><pctVal>0.1685</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>Orkla ASA</name><lei>549300PZS8G8RG6RVZ52</lei><title>Orkla ASA</title><cusip>R67787102</cusip><identifiers><isin value="NO0003733800"/><ticker value="ORK"/><other otherDesc="B1VQF42" value="Sedol"/></identifiers><balance>298247</balance><units>NS</units><currencyConditional curCd="NOK" exchangeRt="8.7763"/><valUSD>3023148</valUSD><pctVal>1.5118</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NO</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>ANDRITZ AG</name><lei>549300VZKC61IR5U8G96</lei><title>ANDRITZ AG</title><cusip>A11123105</cusip><identifiers><isin value="AT0000730007"/><ticker value="ANDR"/><other otherDesc="B1WVF68" value="Sedol"/></identifiers><balance>35334</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>1521821</valUSD><pctVal>0.761</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>AT</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>23641</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>1959521</valUSD><pctVal>0.9799</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>Bureau Veritas SA</name><lei>969500TPU5T3HA5D1F11</lei><title>Bureau Veritas SA</title><cusip>F96888114</cusip><identifiers><isin value="FR0006174348"/><ticker value="BVI"/><other otherDesc="B28DTJ6" value="Sedol"/></identifiers><balance>42328</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>1104275</valUSD><pctVal>0.5522</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>Hoshizaki Corp</name><lei>5299001QAMLGU3SRBG20</lei><title>Hoshizaki Corp</title><cusip>J23254105</cusip><identifiers><isin value="JP3845770001"/><ticker value="6465"/><other otherDesc="B3FF8W8" value="Sedol"/></identifiers><balance>12100</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>1084812</valUSD><pctVal>0.5425</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>Grand Korea Leisure Co Ltd</name><lei>N/A</lei><title>Grand Korea Leisure Co Ltd</title><cusip>Y2847C109</cusip><identifiers><isin value="KR7114090004"/><ticker value="114090"/><other otherDesc="B4347P0" value="Sedol"/></identifiers><balance>67535</balance><units>NS</units><currencyConditional curCd="KRW" exchangeRt="1156.3"/><valUSD>1135999</valUSD><pctVal>0.5681</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>Paramount Bed Holdings Co Ltd</name><lei>N/A</lei><title>Paramount Bed Holdings Co Ltd</title><cusip>J63525109</cusip><identifiers><isin value="JP3781620004"/><ticker value="7817"/><other otherDesc="B5W8JJ8" value="Sedol"/></identifiers><balance>9600</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>403829</valUSD><pctVal>0.2019</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>Tikkurila Oyj</name><lei>743700PKLY067IZIF588</lei><title>Tikkurila Oyj</title><cusip>X90959101</cusip><identifiers><isin value="FI4000008719"/><ticker value="TIK1V"/><other otherDesc="B61QPN6" value="Sedol"/></identifiers><balance>52766</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>849862</valUSD><pctVal>0.425</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>Sompo Holdings Inc</name><lei>353800CWW4SRGEYEB512</lei><title>Sompo Holdings Inc</title><cusip>J7618E108</cusip><identifiers><isin value="JP3165000005"/><ticker value="8630"/><other otherDesc="B62G7K6" value="Sedol"/></identifiers><balance>29000</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="108.64"/><valUSD>1147828</valUSD><pctVal>0.574</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>Royal Bank of Scotland Group P</name><lei>2138005O9XJIJN4JPN90</lei><title>Royal Bank of Scotland Group PLC</title><cusip>G7S86Z172</cusip><identifiers><isin value="GB00B7T77214"/><ticker value="RBS"/><other otherDesc="B7T7721" value="Sedol"/></identifiers><balance>382138</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.75506"/><valUSD>1216165</valUSD><pctVal>0.6082</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>Bharti Infratel Ltd</name><lei>335800L6DI4VHODGDK41</lei><title>Bharti Infratel Ltd</title><cusip>Y0R86J109</cusip><identifiers><isin value="INE121J01017"/><ticker value="BHIN"/><other otherDesc="B92P9G4" value="Sedol"/></identifiers><balance>644881</balance><units>NS</units><currencyConditional curCd="INR" exchangeRt="71.3706"/><valUSD>2281506</valUSD><pctVal>1.1409</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>IN</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Foxtons Group PLC</name><lei>5493001HCMG6R1MYKC59</lei><title>Foxtons Group PLC</title><cusip>G3654P100</cusip><identifiers><isin value="GB00BCKFY513"/><ticker value="FOXT"/><other otherDesc="BCKFY51" value="Sedol"/></identifiers><balance>739381</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.75506"/><valUSD>861727</valUSD><pctVal>0.4309</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>Cie Financiere Richemont SA</name><lei>549300YIPGJ6UX2QPS51</lei><title>Cie Financiere Richemont SA</title><cusip>H25662182</cusip><identifiers><isin value="CH0210483332"/><ticker value="CFR"/><other otherDesc="BCRWZ18" value="Sedol"/></identifiers><balance>19197</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9676"/><valUSD>1509016</valUSD><pctVal>0.7546</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>Bank of Ireland Group PLC</name><lei>635400C8EK6DRI12LJ39</lei><title>Bank of Ireland Group PLC</title><cusip>G0756R109</cusip><identifiers><isin value="IE00BD1RP616"/><ticker value="BIRG"/><other otherDesc="BD1RP61" value="Sedol"/></identifiers><balance>468681</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.89158"/><valUSD>2566344</valUSD><pctVal>1.2833</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>Stock Spirits Group PLC</name><lei>213800O218GITCJG5984</lei><title>Stock Spirits Group PLC</title><cusip>T0855S996</cusip><identifiers><isin value="GB00BF5SDZ96"/><ticker value="STCK"/><other otherDesc="BF5SDZ9" value="Sedol"/></identifiers><balance>308478</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.75506"/><valUSD>843651</valUSD><pctVal>0.4219</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>1150285</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.75506"/><valUSD>2235794</valUSD><pctVal>1.118</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>CK Hutchison Holdings Ltd</name><lei>254900Z8HM1VEPOQ2G79</lei><title>CK Hutchison Holdings Ltd</title><cusip>G21765105</cusip><identifiers><isin value="KYG217651051"/><ticker value="1"/><other otherDesc="BW9P816" value="Sedol"/></identifiers><balance>247500</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7918"/><valUSD>2360077</valUSD><pctVal>1.1802</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>KY</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>CLIO Cosmetics Co Ltd</name><lei>N/A</lei><title>CLIO Cosmetics Co Ltd</title><cusip>Y1R6H7105</cusip><identifiers><isin value="KR7237880000"/><ticker value="237880"/><other otherDesc="BYX8VG1" value="Sedol"/></identifiers><balance>32271</balance><units>NS</units><currencyConditional curCd="KRW" exchangeRt="1156.3"/><valUSD>612599</valUSD><pctVal>0.3063</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>Scandinavian Tobacco Group A/S</name><lei>5299003KG4JS99TRML67</lei><title>Scandinavian Tobacco Group A/S</title><cusip>K8553U105</cusip><identifiers><isin value="DK0060696300"/><ticker value="STG"/><other otherDesc="BYZGMM6" value="Sedol"/></identifiers><balance>98957</balance><units>NS</units><currencyConditional curCd="DKK" exchangeRt="6.6609"/><valUSD>1207083</valUSD><pctVal>0.6036</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DK</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>CK Asset Holdings Ltd</name><lei>5299006GJZSGP78B8S35</lei><title>CK Asset Holdings Ltd</title><cusip>G2177B101</cusip><identifiers><isin value="KYG2177B1014"/><ticker value="1113"/><other otherDesc="BYZQ077" value="Sedol"/></identifiers><balance>194975</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7918"/><valUSD>1407549</valUSD><pctVal>0.7039</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>KY</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>RenaissanceRe Holdings Ltd</name><lei>EK6GB9U3U58PDI411C94</lei><title>RenaissanceRe Holdings Ltd</title><cusip>G7496G103</cusip><identifiers><isin value="BMG7496G1033"/><ticker value="RNR"/><other otherDesc="2728429" value="Sedol"/></identifiers><balance>14376</balance><units>NS</units><curCd>USD</curCd><valUSD>2817984</valUSD><pctVal>1.4092</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>BM</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Chubb Ltd</name><lei>E0JAN6VLUDI1HITHT809</lei><title>Chubb Ltd</title><cusip>H1467J104</cusip><identifiers><isin value="CH0044328745"/><ticker value="CB"/><other otherDesc="B3BQMF6" value="Sedol"/></identifiers><balance>21507</balance><units>NS</units><curCd>USD</curCd><valUSD>3347780</valUSD><pctVal>1.6741</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>BP PLC</name><lei>213800LH1BZH3DI6G760</lei><title>BP PLC (ADR)</title><cusip>055622104</cusip><identifiers><isin value="US0556221044"/><ticker value="BP"/><other otherDesc="2142621" value="Sedol"/></identifiers><balance>47207</balance><units>NS</units><curCd>USD</curCd><valUSD>1781592</valUSD><pctVal>0.8909</pctVal><payoffProfile>Long</payoffProfile><assetConditional assetCat="OTHER" desc="GDR"/><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>Grupo Televisa SAB</name><lei>549300O4AF0C816ILN62</lei><title>Grupo Televisa SAB (ADR)</title><cusip>40049J206</cusip><identifiers><isin value="US40049J2069"/><ticker value="TV"/><other otherDesc="2399450" value="Sedol"/></identifiers><balance>85221</balance><units>NS</units><curCd>USD</curCd><valUSD>999642</valUSD><pctVal>0.4999</pctVal><payoffProfile>Long</payoffProfile><assetConditional assetCat="OTHER" desc="GDR"/><issuerCat>CORP</issuerCat><invCountry>MX</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>1</fairValLevel><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:documents>XXXX</nport:documents></nport:edgarSubmission>
