<?xml version="1.0" encoding="UTF-8"?><nport:edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:nport="http://www.sec.gov/edgar/nport" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd "><nport:headerData><nport:submissionType>NPORT-P</nport:submissionType><nport:isConfidential>false</nport:isConfidential><nport:filerInfo><nport:filer><nport:issuerCredentials><nport:cik>0000277751</nport:cik><nport:ccc>XXXXXXXX</nport:ccc></nport:issuerCredentials></nport:filer><nport:seriesClassInfo><nport:seriesId>S000010495</nport:seriesId><nport:classId>C000028957</nport:classId><nport:classId>C000077756</nport:classId><nport:classId>C000077757</nport:classId><nport:classId>C000077758</nport:classId><nport:classId>C000077759</nport:classId><nport:classId>C000083539</nport:classId><nport:classId>C000114886</nport:classId></nport:seriesClassInfo></nport:filerInfo></nport:headerData><nport:formData><genInfo><regName>JANUS INVESTMENT FUND</regName><regFileNumber>811-01879</regFileNumber><regCik>0000277751</regCik><regLei>W6UYDZFUOFJ4HQQ32382</regLei><regStreet1>151 DETROIT STREET</regStreet1><regCity>DENVER</regCity><regStateConditional regCountry="US" regState="US-CO"/><regZipOrPostalCode>80206</regZipOrPostalCode><regPhone>3033333863</regPhone><seriesName>Janus Henderson Global Value Fund</seriesName><seriesId>S000010495</seriesId><seriesLei>TFSU30IZPXYJTBRQDR49</seriesLei><repPdEnd>2020-09-30</repPdEnd><repPdDate>2020-03-31</repPdDate><isFinalFiling>N</isFinalFiling></genInfo><fundInfo><totAssets>102963673</totAssets><totLiabs>164236</totLiabs><netAssets>102799437</netAssets><assetsAttrMiscSec>0</assetsAttrMiscSec><assetsInvested>0</assetsInvested><amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr><amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp><amtPayOneYrOthAffil>0</amtPayOneYrOthAffil><amtPayOneYrOther>0</amtPayOneYrOther><amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr><amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp><amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil><amtPayAftOneYrOther>0</amtPayAftOneYrOther><delayDeliv>0</delayDeliv><standByCommit>0</standByCommit><liquidPref>0</liquidPref><cshNotRptdInCorD>11426</cshNotRptdInCorD><isNonCashCollateral>N</isNonCashCollateral><returnInfo><monthlyTotReturns><monthlyTotReturn classId="C000077756" rtn1="-15.41" rtn2="-8.62" rtn3="-2.18"/><monthlyTotReturn classId="C000077757" rtn1="-15.41" rtn2="-8.65" rtn3="-2.29"/><monthlyTotReturn classId="C000083539" rtn1="-15.35" rtn2="-8.55" rtn3="-2.23"/><monthlyTotReturn classId="C000077758" rtn1="-15.34" rtn2="-8.58" rtn3="-2.2"/><monthlyTotReturn classId="C000114886" rtn1="-15.37" rtn2="-8.57" rtn3="-2.15"/><monthlyTotReturn classId="C000077759" rtn1="-15.64" rtn2="-8.79" rtn3="-2.39"/><monthlyTotReturn classId="C000028957" rtn1="-15.38" rtn2="-8.57" rtn3="-2.23"/></monthlyTotReturns><monthlyReturnCats><commodityContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></commodityContracts><creditContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></creditContracts><equityContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></equityContracts><foreignExchgContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></foreignExchgContracts><interestRtContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></interestRtContracts><otherContracts><mon1 netRealizedGain="0" netUnrealizedAppr="0"/><mon2 netRealizedGain="0" netUnrealizedAppr="0"/><mon3 netRealizedGain="0" netUnrealizedAppr="0"/><forwardCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></forwardCategory><futureCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></futureCategory><optionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></optionCategory><swaptionCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swaptionCategory><swapCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></swapCategory><warrantCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></warrantCategory><otherCategory><instrMon1 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon2 netRealizedGain="N/A" netUnrealizedAppr="N/A"/><instrMon3 netRealizedGain="N/A" netUnrealizedAppr="N/A"/></otherCategory></otherContracts></monthlyReturnCats><othMon1 netRealizedGain="-829465" netUnrealizedAppr="-18738619"/><othMon2 netRealizedGain="4637875" netUnrealizedAppr="-18053791"/><othMon3 netRealizedGain="649744" netUnrealizedAppr="-5031815"/></returnInfo><mon1Flow redemption="-4967581.54" reinvestment="0" sales="1621873.56"/><mon2Flow redemption="-56502212.04" reinvestment="0" sales="1343916.71"/><mon3Flow redemption="-4464598.85" reinvestment="0" sales="2462124.48"/></fundInfo><invstOrSecs><invstOrSec><name>N/A</name><lei>N/A</lei><title>ING Financial Markets LLC</title><cusip>N/A</cusip><identifiers><other otherDesc="IG0401C20" value="Internal ID"/></identifiers><balance>4400000</balance><units>PA</units><curCd>USD</curCd><valUSD>4400000</valUSD><pctVal>4.2802</pctVal><payoffProfile>Long</payoffProfile><assetCat>RA</assetCat><issuerCat>CORP</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><repurchaseAgrmt><transCat>Repurchase</transCat><notClearedCentCparty isCleared="N"><counterpartyInfos><counterpartyInfo lei="KBVRJ5K57JZ3E2AVWX40" name="ING Financial Markets LLC"/></counterpartyInfos></notClearedCentCparty><isTriParty>Y</isTriParty><repurchaseRt>0.01</repurchaseRt><maturityDt>2020-04-01</maturityDt><repurchaseCollaterals><repurchaseCollateral><principalAmt>4249695.3125</principalAmt><principalCd>USD</principalCd><collateralVal>4488006.73664062</collateralVal><collateralCd>USD</collateralCd><invstCat>UST</invstCat></repurchaseCollateral></repurchaseCollaterals></repurchaseAgrmt><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>AGNC Investment Corp</name><lei>5TRACI5HRMELWV32OF39</lei><title>AGNC Investment Corp</title><cusip>00123Q104</cusip><identifiers><isin value="US00123Q1040"/><ticker value="AGNC"/><other otherDesc="BYYHJL8" value="Sedol"/></identifiers><balance>28093</balance><units>NS</units><curCd>USD</curCd><valUSD>297224</valUSD><pctVal>0.2891</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>Ally Financial Inc</name><lei>549300JBN1OSM8YNAI90</lei><title>Ally Financial Inc</title><cusip>02005N100</cusip><identifiers><isin value="US02005N1000"/><ticker value="ALLY"/><other otherDesc="B72XK05" value="Sedol"/></identifiers><balance>24458</balance><units>NS</units><curCd>USD</curCd><valUSD>352929</valUSD><pctVal>0.3433</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>Alphabet Inc</name><lei>5493006MHB84DD0ZWV18</lei><title>Alphabet Inc</title><cusip>02079K305</cusip><identifiers><isin value="US02079K3059"/><ticker value="GOOGL"/><other otherDesc="BYVY8G0" value="Sedol"/></identifiers><balance>3966</balance><units>NS</units><curCd>USD</curCd><valUSD>4608294</valUSD><pctVal>4.4828</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>Diageo PLC</name><lei>213800ZVIELEA55JMJ32</lei><title>Diageo PLC</title><cusip>G42089113</cusip><identifiers><isin value="GB0002374006"/><ticker value="DGE"/><other otherDesc="237400" value="Sedol"/></identifiers><balance>16338</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>523160</valUSD><pctVal>0.5089</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>BAE Systems PLC</name><lei>8SVCSVKSGDWMW2QHOH83</lei><title>BAE Systems PLC</title><cusip>G06940103</cusip><identifiers><isin value="GB0002634946"/><ticker value="BA/"/><other otherDesc="263494" value="Sedol"/></identifiers><balance>393084</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>2535829</valUSD><pctVal>2.4668</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Meggitt PLC</name><lei>YMFO3TKB4UAWQTDZJJ31</lei><title>Meggitt PLC</title><cusip>G59640105</cusip><identifiers><isin value="GB0005758098"/><ticker value="MGGT"/><other otherDesc="575809" value="Sedol"/></identifiers><balance>144739</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>524213</valUSD><pctVal>0.5099</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Travis Perkins PLC</name><lei>2138001I27OUBAF22K83</lei><title>Travis Perkins PLC</title><cusip>G90202105</cusip><identifiers><isin value="GB0007739609"/><ticker value="TPK"/><other otherDesc="773960" value="Sedol"/></identifiers><balance>36843</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>402094</valUSD><pctVal>0.3911</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Lloyds Banking Group PLC</name><lei>549300PPXHEU2JF0AM85</lei><title>Lloyds Banking Group PLC</title><cusip>G5533W248</cusip><identifiers><isin value="GB0008706128"/><ticker value="LLOY"/><other otherDesc="870612" value="Sedol"/></identifiers><balance>2231308</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>879693</valUSD><pctVal>0.8557</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>GlaxoSmithKline PLC</name><lei>5493000HZTVUYLO1D793</lei><title>GlaxoSmithKline PLC</title><cusip>G3910J112</cusip><identifiers><isin value="GB0009252882"/><ticker value="GSK"/><other otherDesc="925288" value="Sedol"/></identifiers><balance>50708</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>950921</valUSD><pctVal>0.925</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>50126</balance><units>NS</units><curCd>USD</curCd><valUSD>328325</valUSD><pctVal>0.3194</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>105001</balance><units>NS</units><curCd>USD</curCd><valUSD>367503</valUSD><pctVal>0.3575</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>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>15439</balance><units>NS</units><curCd>USD</curCd><valUSD>606907</valUSD><pctVal>0.5904</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>28430</balance><units>NS</units><curCd>USD</curCd><valUSD>1258027</valUSD><pctVal>1.2238</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>50711</balance><units>NS</units><curCd>USD</curCd><valUSD>2356540</valUSD><pctVal>2.2924</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>14066</balance><units>NS</units><currencyConditional curCd="CAD" exchangeRt="1.4071"/><valUSD>192432</valUSD><pctVal>0.1872</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>41730</balance><units>NS</units><curCd>USD</curCd><valUSD>1536081</valUSD><pctVal>1.4943</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>19031</balance><units>NS</units><curCd>USD</curCd><valUSD>722607</valUSD><pctVal>0.7029</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>73740</balance><units>NS</units><curCd>USD</curCd><valUSD>1095039</valUSD><pctVal>1.0652</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>40232</balance><units>NS</units><curCd>USD</curCd><valUSD>1417776</valUSD><pctVal>1.3792</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>Honeywell International Inc</name><lei>ISRPG12PN4EIEOEMW547</lei><title>Honeywell International Inc</title><cusip>438516106</cusip><identifiers><isin value="US4385161066"/><ticker value="HON"/><other otherDesc="2020459" value="Sedol"/></identifiers><balance>5945</balance><units>NS</units><curCd>USD</curCd><valUSD>795382</valUSD><pctVal>0.7737</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>41196</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>848052</valUSD><pctVal>0.825</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>39053</balance><units>NS</units><curCd>USD</curCd><valUSD>5121020</valUSD><pctVal>4.9816</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>33722</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>2968096</valUSD><pctVal>2.8873</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>34153</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>1792542</valUSD><pctVal>1.7437</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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="107.51"/><valUSD>134292</valUSD><pctVal>0.1306</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>107975</balance><units>NS</units><currencyConditional curCd="AUD" exchangeRt="1.62628"/><valUSD>875600</valUSD><pctVal>0.8518</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>20723</balance><units>NS</units><curCd>USD</curCd><valUSD>224223</valUSD><pctVal>0.2181</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>34600</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>927900</valUSD><pctVal>0.9026</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>53646</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>490193</valUSD><pctVal>0.4768</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>15300</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>325343</valUSD><pctVal>0.3165</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>33800</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>642680</valUSD><pctVal>0.6252</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>12600</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>396732</valUSD><pctVal>0.3859</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>6500</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>674268</valUSD><pctVal>0.6559</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>110500</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>2485461</valUSD><pctVal>2.4178</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>5795</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>181255</valUSD><pctVal>0.1763</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>18000</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>562161</valUSD><pctVal>0.5469</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>14010</balance><units>NS</units><currencyConditional curCd="KRW" exchangeRt="1217.2"/><valUSD>1009612</valUSD><pctVal>0.9821</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>KR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>17300</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>412046</valUSD><pctVal>0.4008</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>34581</balance><units>NS</units><currencyConditional curCd="KRW" exchangeRt="1217.2"/><valUSD>555967</valUSD><pctVal>0.5408</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>KR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Shingakukai Holdings Co Ltd</name><lei>N/A</lei><title>Shingakukai Holdings Co Ltd</title><cusip>J72896103</cusip><identifiers><isin value="JP3371900006"/><ticker value="9760"/><other otherDesc="6804295" value="Sedol"/></identifiers><balance>30721</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>126177</valUSD><pctVal>0.1227</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Oracle Corp</name><lei>1Z4GXXU7ZHVWFCD8TV52</lei><title>Oracle Corp</title><cusip>68389X105</cusip><identifiers><isin value="US68389X1054"/><ticker value="ORCL"/><other otherDesc="2661568" value="Sedol"/></identifiers><balance>89130</balance><units>NS</units><curCd>USD</curCd><valUSD>4307653</valUSD><pctVal>4.1903</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>Toho Holdings Co Ltd</name><lei>353800Z8BQ3ZHELA4J90</lei><title>Toho Holdings Co Ltd</title><cusip>J85237105</cusip><identifiers><isin value="JP3602600003"/><ticker value="8129"/><other otherDesc="6895556" value="Sedol"/></identifiers><balance>28900</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>607556</valUSD><pctVal>0.591</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>22300</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>395068</valUSD><pctVal>0.3843</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>54146</balance><units>NS</units><curCd>USD</curCd><valUSD>1336323</valUSD><pctVal>1.2999</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>46500</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>797901</valUSD><pctVal>0.7762</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>26593</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9621"/><valUSD>2198693</valUSD><pctVal>2.1388</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CH</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>7840</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9621"/><valUSD>2549954</valUSD><pctVal>2.4805</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CH</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>19234</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9621"/><valUSD>1983238</valUSD><pctVal>1.9292</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CH</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>PepsiCo Inc</name><lei>FJSUNZKFNQ5YPJ5OT455</lei><title>PepsiCo Inc</title><cusip>713448108</cusip><identifiers><isin value="US7134481081"/><ticker value="PEP"/><other otherDesc="2681511" value="Sedol"/></identifiers><balance>11608</balance><units>NS</units><curCd>USD</curCd><valUSD>1394121</valUSD><pctVal>1.3562</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>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>145022</balance><units>NS</units><curCd>USD</curCd><valUSD>4733518</valUSD><pctVal>4.6046</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>4997</balance><units>NS</units><curCd>USD</curCd><valUSD>549670</valUSD><pctVal>0.5347</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>20425</balance><units>NS</units><curCd>USD</curCd><valUSD>4056609</valUSD><pctVal>3.9461</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>88516</balance><units>NS</units><curCd>USD</curCd><valUSD>1424222</valUSD><pctVal>1.3854</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>105493</balance><units>NS</units><curCd>USD</curCd><valUSD>3027649</valUSD><pctVal>2.9452</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>998600</balance><units>NS</units><currencyConditional curCd="SGD" exchangeRt="1.4209"/><valUSD>1786261</valUSD><pctVal>1.7376</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SG</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>26509</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>463792</valUSD><pctVal>0.4512</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>49583</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>512753</valUSD><pctVal>0.4988</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>53700</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>658583</valUSD><pctVal>0.6406</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Unilever 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>56192</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>2767819</valUSD><pctVal>2.6924</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NL</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>732124</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>146174</valUSD><pctVal>0.1422</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>213523</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>442348</valUSD><pctVal>0.4303</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>413515</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>105803</valUSD><pctVal>0.1029</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>113033</balance><units>NS</units><currencyConditional curCd="NOK" exchangeRt="10.38"/><valUSD>968805</valUSD><pctVal>0.9424</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>NO</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>25561</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>804075</valUSD><pctVal>0.7822</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>AT</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>29158</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>1880018</valUSD><pctVal>1.8288</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>30620</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>581853</valUSD><pctVal>0.566</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>8000</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>601277</valUSD><pctVal>0.5849</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>48855</balance><units>NS</units><currencyConditional curCd="KRW" exchangeRt="1217.2"/><valUSD>536241</valUSD><pctVal>0.5216</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>KR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>7200</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>298360</valUSD><pctVal>0.2902</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>40193</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>447235</valUSD><pctVal>0.4351</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>FI</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>19100</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>590893</valUSD><pctVal>0.5748</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>JP</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>252578</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>352227</valUSD><pctVal>0.3426</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>466509</balance><units>NS</units><currencyConditional curCd="INR" exchangeRt="75.6437"/><valUSD>977286</valUSD><pctVal>0.9507</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>IN</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>663209</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>333085</valUSD><pctVal>0.324</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>21528</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9621"/><valUSD>1180324</valUSD><pctVal>1.1482</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CH</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>325339</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>614466</valUSD><pctVal>0.5977</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>IE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>198966</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>405134</valUSD><pctVal>0.3941</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>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>796808</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>1112803</valUSD><pctVal>1.0825</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>GB</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>CK 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>174500</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7525"/><valUSD>1170288</valUSD><pctVal>1.1384</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>KY</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>20516</balance><units>NS</units><currencyConditional curCd="KRW" exchangeRt="1217.2"/><valUSD>310801</valUSD><pctVal>0.3023</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>KR</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>71586</balance><units>NS</units><currencyConditional curCd="DKK" exchangeRt="6.7668"/><valUSD>723433</valUSD><pctVal>0.7037</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DK</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>CK Asset Holdings Ltd</name><lei>5299006GJZSGP78B8S35</lei><title>CK Asset Holdings Ltd</title><cusip>G2177B101</cusip><identifiers><isin value="KYG2177B1014"/><ticker value="1113"/><other otherDesc="BYZQ077" value="Sedol"/></identifiers><balance>161975</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7525"/><valUSD>881211</valUSD><pctVal>0.8572</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>KY</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</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>11400</balance><units>NS</units><curCd>USD</curCd><valUSD>1702248</valUSD><pctVal>1.6559</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>12892</balance><units>NS</units><curCd>USD</curCd><valUSD>1439907</valUSD><pctVal>1.4007</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>34150</balance><units>NS</units><curCd>USD</curCd><valUSD>832918</valUSD><pctVal>0.8102</pctVal><payoffProfile>Long</payoffProfile><assetConditional assetCat="OTHER" desc="GDR"/><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>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>61649</balance><units>NS</units><curCd>USD</curCd><valUSD>357564</valUSD><pctVal>0.3478</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>2020-05-15</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>
