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exchangeRt="0.90695"/><valUSD>1445849</valUSD><pctVal>5.0079</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>13785</balance><units>NS</units><currencyConditional curCd="EUR" 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exchangeRt="0.90695"/><valUSD>261769</valUSD><pctVal>0.9067</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>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>7600</balance><units>NS</units><currencyConditional curCd="JPY" 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exchangeRt="107.51"/><valUSD>396905</valUSD><pctVal>1.3747</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>21900</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>200112</valUSD><pctVal>0.6931</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>9400</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>199884</valUSD><pctVal>0.6923</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>20800</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>395495</valUSD><pctVal>1.3699</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>5000</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>157433</valUSD><pctVal>0.5453</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>3300</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>342321</valUSD><pctVal>1.1857</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>37900</balance><units>NS</units><currencyConditional curCd="JPY" 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exchangeRt="107.51"/><valUSD>102435</valUSD><pctVal>0.3548</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>6400</balance><units>NS</units><currencyConditional curCd="JPY" 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exchangeRt="1.4209"/><valUSD>856282</valUSD><pctVal>2.9659</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>11763</balance><units>NS</units><currencyConditional curCd="GBP" 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exchangeRt="0.90695"/><valUSD>234168</valUSD><pctVal>0.8111</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>21400</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>262452</valUSD><pctVal>0.909</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>22732</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>1119698</valUSD><pctVal>3.8782</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>209131</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>41755</valUSD><pctVal>0.1446</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>104971</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>217465</valUSD><pctVal>0.7532</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>211024</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>53993</valUSD><pctVal>0.187</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>71200</balance><units>NS</units><currencyConditional curCd="NOK" exchangeRt="10.38"/><valUSD>610255</valUSD><pctVal>2.1137</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>12423</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>390792</valUSD><pctVal>1.3536</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>16897</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>1089466</valUSD><pctVal>3.7735</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>13885</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>263848</valUSD><pctVal>0.9139</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>3500</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>263059</valUSD><pctVal>0.9111</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>16690</balance><units>NS</units><currencyConditional curCd="KRW" exchangeRt="1217.2"/><valUSD>183193</valUSD><pctVal>0.6345</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>2500</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>103597</valUSD><pctVal>0.3588</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>16773</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>186637</valUSD><pctVal>0.6464</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>8158</balance><units>NS</units><currencyConditional curCd="JPY" exchangeRt="107.51"/><valUSD>252382</valUSD><pctVal>0.8742</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>167393</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>233434</valUSD><pctVal>0.8085</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>224230</balance><units>NS</units><currencyConditional curCd="INR" exchangeRt="75.6437"/><valUSD>469738</valUSD><pctVal>1.627</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>236102</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>118578</valUSD><pctVal>0.4107</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>8432</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9621"/><valUSD>462305</valUSD><pctVal>1.6013</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>108221</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.90695"/><valUSD>204396</valUSD><pctVal>0.708</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>Nutrien Ltd</name><lei>5493002QQ7GD21OWF963</lei><title>Nutrien Ltd</title><cusip>67077M108</cusip><identifiers><isin value="CA67077M1086"/><ticker value="NTR"/><other otherDesc="BDRJLN0" value="Sedol"/></identifiers><balance>8845</balance><units>NS</units><currencyConditional curCd="CAD" exchangeRt="1.4071"/><valUSD>302418</valUSD><pctVal>1.0475</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>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>66980</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>136384</valUSD><pctVal>0.4724</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>372394</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.80528"/><valUSD>520077</valUSD><pctVal>1.8014</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>Bridgemarq Real Estate Service</name><lei>5493004OBEWQPG5ZYS46</lei><title>Bridgemarq Real Estate Services</title><cusip>10808B108</cusip><identifiers><isin value="CA10808B1085"/><ticker value="BRE"/><other otherDesc="BK203C0" value="Sedol"/></identifiers><balance>18450</balance><units>NS</units><currencyConditional curCd="CAD" exchangeRt="1.4071"/><valUSD>110535</valUSD><pctVal>0.3829</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>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>97684</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7525"/><valUSD>655120</valUSD><pctVal>2.2691</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>8149</balance><units>NS</units><currencyConditional curCd="KRW" exchangeRt="1217.2"/><valUSD>123451</valUSD><pctVal>0.4276</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>38397</balance><units>NS</units><currencyConditional curCd="DKK" exchangeRt="6.7668"/><valUSD>388032</valUSD><pctVal>1.344</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>104678</balance><units>NS</units><currencyConditional curCd="HKD" exchangeRt="7.7525"/><valUSD>569491</valUSD><pctVal>1.9725</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>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>18303</balance><units>NS</units><curCd>USD</curCd><valUSD>446410</valUSD><pctVal>1.5462</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>26632</balance><units>NS</units><curCd>USD</curCd><valUSD>154466</valUSD><pctVal>0.535</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>
