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exchangeRt="0.93432"/><valUSD>2583432</valUSD><pctVal>0.644</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>Daimler AG</name><lei>529900R27DL06UVNT076</lei><title>Daimler AG</title><cusip>D1668R123</cusip><identifiers><isin value="DE0007100000"/><ticker value="MBG GR"/><other otherDesc="5529027" value="Sedol"/></identifiers><balance>46533</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>3053225</valUSD><pctVal>0.762</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>Wolters Kluwer NV</name><lei>724500TEM53I0U077B74</lei><title>Wolters Kluwer NV</title><cusip>N9643A197</cusip><identifiers><isin value="NL0000395903"/><ticker value="WKL NA"/><other otherDesc="5671519" value="Sedol"/></identifiers><balance>62284</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>6505204</valUSD><pctVal>1.623</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>Sanofi</name><lei>549300E9PC51EN656011</lei><title>Sanofi</title><cusip>F5548N101</cusip><identifiers><isin value="FR0000120578"/><ticker value="SAN FP"/><other otherDesc="5671735" value="Sedol"/></identifiers><balance>71689</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>6935685</valUSD><pctVal>1.73</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>Infineon Technologies AG</name><lei>TSI2PJM6EPETEQ4X1U25</lei><title>Infineon Technologies AG</title><cusip>D35415104</cusip><identifiers><isin value="DE0006231004"/><ticker value="IFX GR"/><other otherDesc="5889505" value="Sedol"/></identifiers><balance>144311</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>4394753</valUSD><pctVal>1.096</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>Chocoladefabriken Lindt &amp; Spru</name><lei>529900JYJNNOKKAGK736</lei><title>Chocoladefabriken Lindt &amp; Spruengli AG (PC)</title><cusip>H49983184</cusip><identifiers><isin value="CH0010570767"/><ticker value="LISP SW"/><other otherDesc="5962280" value="Sedol"/></identifiers><balance>652</balance><units>NS</units><currencyConditional curCd="CHF" 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exchangeRt="0.93432"/><valUSD>4724986</valUSD><pctVal>1.179</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>Deutsche Boerse AG</name><lei>529900G3SW56SHYNPR95</lei><title>Deutsche Boerse AG</title><cusip>D1882G119</cusip><identifiers><isin value="DE0005810055"/><ticker value="DB1 GR"/><other otherDesc="7021963" value="Sedol"/></identifiers><balance>19371</balance><units>NS</units><currencyConditional curCd="EUR" 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exchangeRt="0.9244"/><valUSD>12106125</valUSD><pctVal>3.02</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 (REG)</title><cusip>H57312649</cusip><identifiers><isin value="CH0038863350"/><ticker value="NESN SW"/><other otherDesc="7123870" value="Sedol"/></identifiers><balance>152682</balance><units>NS</units><currencyConditional curCd="CHF" 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exchangeRt="9.7846"/><valUSD>6870430</valUSD><pctVal>1.714</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>BNP Paribas SA</name><lei>R0MUWSFPU8MPRO8K5P83</lei><title>BNP Paribas SA</title><cusip>F1058Q238</cusip><identifiers><isin value="FR0000131104"/><ticker value="BNP FP"/><other otherDesc="7309681" value="Sedol"/></identifiers><balance>110746</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>6301362</valUSD><pctVal>1.572</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>Cie de Saint-Gobain</name><lei>NFONVGN05Z0FMN5PEC35</lei><title>Cie de Saint-Gobain</title><cusip>F80343100</cusip><identifiers><isin value="FR0000125007"/><ticker value="SGO FP"/><other otherDesc="7380482" value="Sedol"/></identifiers><balance>89059</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>4371621</valUSD><pctVal>1.09</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>Janus Capital Group Inc</name><lei>8T2ZO87FU1KVPZIG9I59</lei><title>Janus Henderson Cash Liquidity Fund</title><cusip>N/A</cusip><identifiers><isin value="DU0000100962"/></identifiers><balance>13681148</balance><units>NS</units><curCd>USD</curCd><valUSD>13683885</valUSD><pctVal>3.413</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>PF</issuerCat><invCountry>US</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Nordic Semiconductor ASA</name><lei>5967007LIEEXZXJGFK95</lei><title>Nordic Semiconductor ASA</title><cusip>R4988P103</cusip><identifiers><isin value="NO0003055501"/><ticker value="NOD NO"/><other otherDesc="B00ZG06" value="Sedol"/></identifiers><balance>463105</balance><units>NS</units><currencyConditional curCd="NOK" exchangeRt="9.7846"/><valUSD>7766275</valUSD><pctVal>1.937</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>Safran SA</name><lei>969500UIC89GT3UL7L24</lei><title>Safran SA</title><cusip>F4035A557</cusip><identifiers><isin value="FR0000073272"/><ticker value="SAF FP"/><other otherDesc="B058TZ6" value="Sedol"/></identifiers><balance>64138</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>8013750</valUSD><pctVal>1.999</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>Unilever PLC</name><lei>549300MKFYEKVRWML317</lei><title>Unilever PLC</title><cusip>G92087165</cusip><identifiers><isin value="GB00B10RZP78"/><ticker value="ULVR LN"/><other otherDesc="B10RZP7" value="Sedol"/></identifiers><balance>132361</balance><units>NS</units><currencyConditional curCd="GBP" 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exchangeRt="0.93432"/><valUSD>4734289</valUSD><pctVal>1.181</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>Logitech International SA</name><lei>549300SN6PRK6IJJC215</lei><title>LOGITECH INTERNATIONAL-REG</title><cusip>H50430232</cusip><identifiers><isin value="CH0025751329"/><ticker value="LOGN SW"/><other otherDesc="B18ZRK2" value="Sedol"/></identifiers><balance>129876</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9244"/><valUSD>8063219</valUSD><pctVal>2.011</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>Smurfit Kappa Group PLC</name><lei>635400CPLP8H5ITDVT56</lei><title>Smurfit Kappa Group PLC</title><cusip>G8248F104</cusip><identifiers><isin value="IE00B1RR8406"/><ticker value="SKG ID"/><other otherDesc="B1RR828" value="Sedol"/></identifiers><balance>128253</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>4751145</valUSD><pctVal>1.185</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>Anglo American PLC</name><lei>549300S9XF92D1X8ME43</lei><title>ANGLO AMERICAN PLC</title><cusip>G03764134</cusip><identifiers><isin value="GB00B1XZS820"/><ticker value="AAL LN"/><other otherDesc="B1XZS82" value="Sedol"/></identifiers><balance>219148</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.82734"/><valUSD>8569643</valUSD><pctVal>2.138</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>Danone SA</name><lei>969500KMUQ2B6CBAF162</lei><title>Danone SA</title><cusip>F12033134</cusip><identifiers><isin value="FR0000120644"/><ticker value="BN FP"/><other otherDesc="B1Y9TB3" value="Sedol"/></identifiers><balance>151934</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>8003335</valUSD><pctVal>1.996</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>RELX PLC</name><lei>549300WSX3VBUFFJOO66</lei><title>RELX PLC</title><cusip>G7493L105</cusip><identifiers><isin value="GB00B2B0DG97"/><ticker value="REL LN"/><other otherDesc="B2B0DG9" value="Sedol"/></identifiers><balance>350375</balance><units>NS</units><currencyConditional curCd="GBP" 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exchangeRt="6.9456"/><valUSD>5404303</valUSD><pctVal>1.348</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DK</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Glencore PLC</name><lei>2138002658CPO9NBH955</lei><title>Glencore PLC</title><cusip>G39420107</cusip><identifiers><isin value="JE00B4T3BW64"/><ticker value="GLEN LN"/><other otherDesc="B4T3BW6" value="Sedol"/></identifiers><balance>1318263</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.82734"/><valUSD>8813053</valUSD><pctVal>2.198</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>Meyer Burger Technology AG</name><lei>529900ULZXRB8EM0TH56</lei><title>Meyer Burger Technology AG</title><cusip>H5498Z128</cusip><identifiers><isin value="CH0108503795"/><ticker value="MBTN SW"/><other otherDesc="B5NC0D0" value="Sedol"/></identifiers><balance>10872488</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9244"/><valUSD>6329155</valUSD><pctVal>1.579</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>HUGO BOSS AG</name><lei>529900LFVU534EBRXD13</lei><title>Hugo Boss AG</title><cusip>D34902102</cusip><identifiers><isin value="DE000A1PHFF7"/><ticker value="BOSS GR"/><other otherDesc="B88MHC4" value="Sedol"/></identifiers><balance>155907</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>9036576</valUSD><pctVal>2.254</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>Commerzbank AG</name><lei>851WYGNLUQLFZBSYGB56</lei><title>Commerzbank AG</title><cusip>D172W1279</cusip><identifiers><isin value="DE000CBK1001"/><ticker value="CBK GR"/><other otherDesc="B90LKT4" value="Sedol"/></identifiers><balance>539146</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>5097405</valUSD><pctVal>1.272</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>ASML Holding NV</name><lei>724500Y6DUVHQD6OXN27</lei><title>ASML HOLDING NV</title><cusip>N07059202</cusip><identifiers><isin value="NL0010273215"/><ticker value="ASML NA"/><other otherDesc="B929F46" value="Sedol"/></identifiers><balance>8238</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>4458619</valUSD><pctVal>1.112</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>KION Group AG</name><lei>5299005KY91C4C6U9H17</lei><title>KION Group AG</title><cusip>D4S14D103</cusip><identifiers><isin value="DE000KGX8881"/><ticker value="KGX GR"/><other otherDesc="BB22L96" value="Sedol"/></identifiers><balance>154247</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>4413174</valUSD><pctVal>1.101</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>Compass Group PLC</name><lei>2138008M6MH9OZ6U2T68</lei><title>Compass Group PLC</title><cusip>G23296208</cusip><identifiers><isin value="GB00BD6K4575"/><ticker value="CPG LN"/><other otherDesc="BD6K457" value="Sedol"/></identifiers><balance>256081</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.82734"/><valUSD>5915992</valUSD><pctVal>1.476</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>Fabege AB</name><lei>549300JNPI46XNH0PM97</lei><title>Fabege AB</title><cusip>W7888D199</cusip><identifiers><isin value="SE0011166974"/><ticker value="FABG SS"/><other otherDesc="BFM6T36" value="Sedol"/></identifiers><balance>669643</balance><units>NS</units><currencyConditional curCd="SEK" exchangeRt="10.4291"/><valUSD>5718333</valUSD><pctVal>1.426</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>BE Semiconductor Industries NV</name><lei>7245007A1YFLI2GNYX06</lei><title>BE Semiconductor Industries NV</title><cusip>N13107144</cusip><identifiers><isin value="NL0012866412"/><ticker value="BESI NA"/><other otherDesc="BG0SCK9" value="Sedol"/></identifiers><balance>134726</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>8183096</valUSD><pctVal>2.041</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>Novo Nordisk A/S</name><lei>549300DAQ1CVT6CXN342</lei><title>Novo Nordisk A/S</title><cusip>K72807132</cusip><identifiers><isin value="DK0060534915"/><ticker value="NOVOB DC"/><other otherDesc="BHC8X90" value="Sedol"/></identifiers><balance>99075</balance><units>NS</units><currencyConditional curCd="DKK" exchangeRt="6.9456"/><valUSD>13417068</valUSD><pctVal>3.347</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>DK</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>EQT AB</name><lei>213800U7P9GOIRKCTB34</lei><title>EQT AB</title><cusip>W3R27C102</cusip><identifiers><isin value="SE0012853455"/><ticker value="EQT SS"/><other otherDesc="BJ7W9K4" value="Sedol"/></identifiers><balance>318439</balance><units>NS</units><currencyConditional curCd="SEK" exchangeRt="10.4291"/><valUSD>6790428</valUSD><pctVal>1.694</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>Atlas Copco AB</name><lei>213800T8PC8Q4FYJZR07</lei><title>Atlas Copco AB - Class A</title><cusip>W1R924252</cusip><identifiers><isin value="SE0017486889"/><ticker value="ATCOA SS"/><other otherDesc="BLDBN41" value="Sedol"/></identifiers><balance>425002</balance><units>NS</units><currencyConditional curCd="SEK" exchangeRt="10.4291"/><valUSD>5034525</valUSD><pctVal>1.256</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>NatWest Group PLC</name><lei>2138005O9XJIJN4JPN90</lei><title>Natwest Group PLC</title><cusip>G6422B147</cusip><identifiers><isin value="GB00BM8PJY71"/><ticker value="NWG LN"/><other otherDesc="BM8PJY7" value="Sedol"/></identifiers><balance>1385669</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.82734"/><valUSD>4422305</valUSD><pctVal>1.103</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>Azelis Group NV</name><lei>699400M9RRMTV264FM70</lei><title>Azelis Group NV</title><cusip>B0R5SJ106</cusip><identifiers><isin value="BE0974400328"/><ticker value="AZE BB"/><other otherDesc="BMHT025" value="Sedol"/></identifiers><balance>141584</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>4014182</valUSD><pctVal>1.001</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>BE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>FinecoBank Banca Fineco SpA</name><lei>549300L7YCATGO57ZE10</lei><title>FinecoBank Banca Fineco SpA</title><cusip>T4R999104</cusip><identifiers><isin value="IT0000072170"/><ticker value="FBK IM"/><other otherDesc="BNGN9Z1" value="Sedol"/></identifiers><balance>367480</balance><units>NS</units><currencyConditional curCd="EUR" exchangeRt="0.93432"/><valUSD>6123382</valUSD><pctVal>1.527</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>Shell PLC</name><lei>21380068P1DRHMJ8KU70</lei><title>Shell PLC</title><cusip>G80827101</cusip><identifiers><isin value="GB00BP6MXD84"/><ticker value="SHEL LN"/><other otherDesc="BP6MXD8" value="Sedol"/></identifiers><balance>422095</balance><units>NS</units><currencyConditional curCd="GBP" exchangeRt="0.82734"/><valUSD>11992425</valUSD><pctVal>2.991</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>UBS Group AG</name><lei>549300SZJ9VS8SGXAN81</lei><title>UBS Group AG</title><cusip>H42097107</cusip><identifiers><isin value="CH0244767585"/><ticker value="UBSG SW"/><other otherDesc="BRJL176" value="Sedol"/></identifiers><balance>608352</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9244"/><valUSD>11342495</valUSD><pctVal>2.829</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>Nordea Bank Abp</name><lei>529900ODI3047E2LIV03</lei><title>Nordea Bank Abp</title><cusip>X5S8VL105</cusip><identifiers><isin value="FI4000297767"/><ticker value="NDA SS"/><other otherDesc="BYZF9J9" value="Sedol"/></identifiers><balance>1027409</balance><units>NS</units><currencyConditional curCd="SEK" exchangeRt="10.4291"/><valUSD>10993712</valUSD><pctVal>2.742</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>SE</invCountry><isRestrictedSec>N</isRestrictedSec><fairValLevel>2</fairValLevel><securityLending><isCashCollateral>N</isCashCollateral><isNonCashCollateral>N</isNonCashCollateral><isLoanByFund>N</isLoanByFund></securityLending></invstOrSec><invstOrSec><name>VAT Group AG</name><lei>529900MVFK7NVALR7Y83</lei><title>VAT Group AG</title><cusip>H90508104</cusip><identifiers><isin value="CH0311864901"/><ticker value="VACN SW"/><other otherDesc="BYZWMR9" value="Sedol"/></identifiers><balance>30765</balance><units>NS</units><currencyConditional curCd="CHF" exchangeRt="0.9244"/><valUSD>8475464</valUSD><pctVal>2.114</pctVal><payoffProfile>Long</payoffProfile><assetCat>EC</assetCat><issuerCat>CORP</issuerCat><invCountry>CH</invCountry><isRestrictedSec>Y</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>2023-02-14</ncom:dateSigned><ncom:nameOfApplicant>JANUS INVESTMENT FUND</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></formData><documents>XXXX</documents></edgarSubmission>
