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exchangeRt="107.51"/><valUSD>92503</valUSD><pctVal>1.4949</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>EDION Corp</name><lei>353800697NBCW7EAHZ97</lei><title>EDION Corp</title><cusip>J1266Z109</cusip><identifiers><isin value="JP3164470001"/><ticker value="2730"/><other otherDesc="6512714" value="Sedol"/></identifiers><balance>5000</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>41427</valUSD><pctVal>0.6695</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>Sojitz Corp</name><lei>5493004SE33MRLPB1W98</lei><title>Sojitz Corp</title><cusip>J7608R101</cusip><identifiers><isin value="JP3663900003"/><ticker value="2768"/><other otherDesc="6594143" value="Sedol"/></identifiers><balance>34000</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>79849</valUSD><pctVal>1.2904</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>Nihon Unisys Ltd</name><lei>N/A</lei><title>Nihon Unisys Ltd</title><cusip>J51097103</cusip><identifiers><isin value="JP3754200008"/><ticker value="8056"/><other otherDesc="6642688" value="Sedol"/></identifiers><balance>4800</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>128463</valUSD><pctVal>2.076</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>Tokyu Construction Co Ltd</name><lei>529900AF5X5AZCMDF192</lei><title>Tokyu Construction Co Ltd</title><cusip>J88677158</cusip><identifiers><isin value="JP3567410000"/><ticker value="1720"/><other otherDesc="6689351" value="Sedol"/></identifiers><balance>12800</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>67428</valUSD><pctVal>1.0897</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>Press Kogyo Co Ltd</name><lei>353800Z8ABLQL0MHSA16</lei><title>Press Kogyo Co Ltd</title><cusip>J63997100</cusip><identifiers><isin value="JP3833600004"/><ticker value="7246"/><other otherDesc="6701006" value="Sedol"/></identifiers><balance>18000</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>40250</valUSD><pctVal>0.6505</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>JB Hi-Fi Ltd</name><lei>529900TPC8H040Y3ZQ65</lei><title>JB Hi-Fi Ltd</title><cusip>Q5029L101</cusip><identifiers><isin value="AU000000JBH7"/><ticker value="JBH"/><other otherDesc="6702623" value="Sedol"/></identifiers><balance>4949</balance><units>NS</units><currencyConditional curCd="AUD" 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exchangeRt="107.51"/><valUSD>134530</valUSD><pctVal>2.1741</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>Showa Corp</name><lei>N/A</lei><title>Showa Corp</title><cusip>N/A</cusip><identifiers><isin value="JP3360300002"/><ticker value="7274"/><other otherDesc="6805629" value="Sedol"/></identifiers><balance>7400</balance><units>NS</units><currencyConditional curCd="JPY" 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exchangeRt="0.90695"/><valUSD>108267</valUSD><pctVal>1.7496</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>IT</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>ASR Nederland NV</name><lei>7245000G0HS48PZWUD53</lei><title>ASR Nederland NV</title><cusip>N0709G103</cusip><identifiers><isin value="NL0011872643"/><ticker value="ASRNL"/><other otherDesc="BD9PNF2" value="Sedol"/></identifiers><balance>2678</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>67449</valUSD><pctVal>1.09</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>Technogym SpA</name><lei>815600B9149F66E77F76</lei><title>Technogym SpA</title><cusip>T9200L101</cusip><identifiers><isin value="IT0005162406"/><ticker value="TGYM"/><other otherDesc="BD9Y5C0" value="Sedol"/></identifiers><balance>6326</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>41629</valUSD><pctVal>0.6727</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>IT</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Avast PLC</name><lei>213800IR8G8LCZH4BO27</lei><title>Avast PLC</title><cusip>G0713S109</cusip><identifiers><isin value="GB00BDD85M81"/><ticker value="AVST"/><other otherDesc="BDD85M8" value="Sedol"/></identifiers><balance>20207</balance><units>NS</units><currencyConditional curCd="GBP" 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exchangeRt="9.8839"/><valUSD>169978</valUSD><pctVal>2.7469</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SE</invCountry><isRestrictedSec>Y</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Gaztransport Et Technigaz SA</name><lei>969500BVOHVZUUFWDT54</lei><title>Gaztransport Et Technigaz SA</title><cusip>F42674113</cusip><identifiers><isin value="FR0011726835"/><ticker value="GTT"/><other otherDesc="BJYRDP5" value="Sedol"/></identifiers><balance>1917</balance><units>NS</units><currencyConditional curCd="EUR" 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exchangeRt="0.90695"/><valUSD>73558</valUSD><pctVal>1.1887</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>IT</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Dignity PLC</name><lei>21380049687CNAYKV483</lei><title>Dignity PLC</title><cusip>G2871S194</cusip><identifiers><isin value="GB00BRB37M78"/><ticker value="DTY"/><other otherDesc="BRB37M7" value="Sedol"/></identifiers><balance>11080</balance><units>NS</units><currencyConditional curCd="GBP" 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exchangeRt="0.90695"/><valUSD>135601</valUSD><pctVal>2.1914</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></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>
