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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NTT DOCOMO INC</name>
        <lei>353800TVPXCGWDZIIU09</lei>
        <title>NTT DOCOMO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3165650007"/>
        </identifiers>
        <balance>190900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>5255690.36000000</valUSD>
        <pctVal>1.157420962363</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>NISSAN CHEMICAL CORP</name>
        <lei>3538002E4L1CUGJFFU25</lei>
        <title>NISSAN CHEMICAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3670800006"/>
        </identifiers>
        <balance>23400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>1239296.97000000</valUSD>
        <pctVal>0.272921004362</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>L'OREAL SA</name>
        <lei>529900JI1GG6F7RKVI53</lei>
        <title>L'OREAL SA ORD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000120321"/>
        </identifiers>
        <balance>37272.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>12509521.69000000</valUSD>
        <pctVal>2.754877407418</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>GALAXY ENT GROUP LTD</name>
        <lei>549300ZSEBV3HR826S10</lei>
        <title>GALAXY ENT GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0027032686"/>
        </identifiers>
        <balance>413000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75030000"/>
        <valUSD>2813620.12000000</valUSD>
        <pctVal>0.619622292021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NITORI HOLDINGS CO LTD</name>
        <lei>N/A</lei>
        <title>NITORI HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3756100008"/>
        </identifiers>
        <balance>13500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>2954938.36000000</valUSD>
        <pctVal>0.650743739849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HISAMITSU PHARM CO INC</name>
        <lei>5299006QL3IBQ4CN7E12</lei>
        <title>HISAMITSU PHARM CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3784600003"/>
        </identifiers>
        <balance>13500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>587289.22000000</valUSD>
        <pctVal>0.129334265841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASML HOLDING NV</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML HOLDING NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
        </identifiers>
        <balance>38836.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>13807659.94000000</valUSD>
        <pctVal>3.040756582118</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>HEXAGON AB</name>
        <lei>549300WJFW6ILNI4TA80</lei>
        <title>HEXAGON AB SER B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000103699"/>
        </identifiers>
        <balance>44543.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.78030000"/>
        <valUSD>2885557.26000000</valUSD>
        <pctVal>0.635464464619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHR HANSEN HOLDING AS</name>
        <lei>549300MKPW8ZF3E8MW37</lei>
        <title>CHRISTIAN HANSEN HOLDING SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060227585"/>
        </identifiers>
        <balance>16356.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.32170000"/>
        <valUSD>1855078.86000000</valUSD>
        <pctVal>0.408529995553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HONG KONG EXCHANGES and CLEARING LTD</name>
        <lei>213800YTVSXYQN17BW16</lei>
        <title>HONG KONG EXCHS and CLEARING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0388045442"/>
        </identifiers>
        <balance>188500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75030000"/>
        <valUSD>9003870.82000000</valUSD>
        <pctVal>1.982854414102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSL LTD</name>
        <lei>529900ECSECK5ZDQTE14</lei>
        <title>CSL LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CSL8"/>
        </identifiers>
        <balance>57760.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39967807"/>
        <valUSD>11146117.34000000</valUSD>
        <pctVal>2.454625172834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWER ASSETS HLDGS LTD</name>
        <lei>254900JOWYUW1ZX4DF47</lei>
        <title>POWER ASSETS HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0006000050"/>
        </identifiers>
        <balance>217000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75030000"/>
        <valUSD>1208153.23000000</valUSD>
        <pctVal>0.266062453905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOLSAS Y MERCADOS ESPANOLES</name>
        <lei>9598003MSLCX8JT38V69</lei>
        <title>BOLSAS Y MERCADOS ESPANOLES</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0115056139"/>
        </identifiers>
        <balance>11717.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>454363.16000000</valUSD>
        <pctVal>0.100060964381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEGRAND SA</name>
        <lei>969500XXRPGD7HCAFA90</lei>
        <title>LEGRAND SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010307819"/>
        </identifiers>
        <balance>37734.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>2919036.71000000</valUSD>
        <pctVal>0.642837390835</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>KOSE CORP</name>
        <lei>353800NX4GGAVDHHY664</lei>
        <title>KOSE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3283650004"/>
        </identifiers>
        <balance>5400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>540739.69000000</valUSD>
        <pctVal>0.119083014698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WOLTERS KLUWER NV</name>
        <lei>724500TEM53I0U077B74</lei>
        <title>WOLTERS KLUWER NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000395903"/>
        </identifiers>
        <balance>43419.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>3419582.17000000</valUSD>
        <pctVal>0.753068734072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BERKELEY GROUP HLDGS PLC</name>
        <lei>2138009OQSSLVVHQAL78</lei>
        <title>BERKELEY GRP HLDGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B02L3W35"/>
        </identifiers>
        <balance>20463.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>1193051.42000000</valUSD>
        <pctVal>0.262736696437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KONE OYJ</name>
        <lei>2138001CNF45JP5XZK38</lei>
        <title>KONE OYJ B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009013403"/>
        </identifiers>
        <balance>64294.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>5092429.27000000</valUSD>
        <pctVal>1.121467206537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWATCH GROUP AG</name>
        <lei>529900NTES2LEON1JZ55</lei>
        <title>SWATCH GROUP AG (BR)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0012255151"/>
        </identifiers>
        <balance>6410.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.91455000"/>
        <valUSD>1338702.09000000</valUSD>
        <pctVal>0.294812242577</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>GEBERIT AG</name>
        <lei>52990093Z5OHD6T7BS47</lei>
        <title>GEBERIT AG (REG)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0030170408"/>
        </identifiers>
        <balance>5891.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.91455000"/>
        <valUSD>3241322.18000000</valUSD>
        <pctVal>0.713811883869</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>SANDS CHINA LTD</name>
        <lei>549300EVO6UZDGY05787</lei>
        <title>SANDS CHINA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG7800X1079"/>
        </identifiers>
        <balance>385600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75030000"/>
        <valUSD>1492587.38000000</valUSD>
        <pctVal>0.328701236838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELISA CORP</name>
        <lei>743700TU2S3DXWGU7H32</lei>
        <title>ELISA CORP CL A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009007884"/>
        </identifiers>
        <balance>23802.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>1414775.57000000</valUSD>
        <pctVal>0.311565330069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAREHOUSES DE PAUW SCA</name>
        <lei>549300HWDYC5JXC85138</lei>
        <title>WAREHOUSES DE PAUW SCA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974349814"/>
        </identifiers>
        <balance>20570.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>657856.21000000</valUSD>
        <pctVal>0.144874700661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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 SER A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0011166610"/>
        </identifiers>
        <balance>158843.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.78030000"/>
        <valUSD>6999345.89000000</valUSD>
        <pctVal>1.541413040154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GENTING SINGAPORE LIMITED</name>
        <lei>254900Y2N3AK93K1O866</lei>
        <title>GENTING SINGAPORE LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXE21576413"/>
        </identifiers>
        <balance>901800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.37400000"/>
        <valUSD>483775.11000000</valUSD>
        <pctVal>0.106538135816</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>ITALGAS SPA</name>
        <lei>815600F25FF44EF1FA76</lei>
        <title>ITALGAS SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005211237"/>
        </identifiers>
        <balance>77280.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>495213.95000000</valUSD>
        <pctVal>0.109057225088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HANG SENG BANK LTD</name>
        <lei>5493009Z5F07LWZYMK62</lei>
        <title>HANG SENG BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0011000095"/>
        </identifiers>
        <balance>110200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75030000"/>
        <valUSD>1733272.26000000</valUSD>
        <pctVal>0.381705448721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TREND MICRO INC</name>
        <lei>3538005O5UJ5RNAGVE16</lei>
        <title>TREND MICRO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3637300009"/>
        </identifiers>
        <balance>19400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>1137789.21000000</valUSD>
        <pctVal>0.250566717633</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>SINGAPORE EXCHANGE LTD</name>
        <lei>549300IQ650PPXM76X03</lei>
        <title>SINGAPORE EXCHANGE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1J26887955"/>
        </identifiers>
        <balance>131000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.37400000"/>
        <valUSD>781457.56000000</valUSD>
        <pctVal>0.172094491719</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>EMS-CHEMIE HOLDING AG</name>
        <lei>529900G1XFTGSE0DIX60</lei>
        <title>EMS-CHEMIE HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0016440353"/>
        </identifiers>
        <balance>1116.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.91455000"/>
        <valUSD>959744.14000000</valUSD>
        <pctVal>0.211357197637</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>NEXON CO LTD</name>
        <lei>5299005SFO0GAJFLKN43</lei>
        <title>NEXON CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3758190007"/>
        </identifiers>
        <balance>74500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>1921354.68000000</valUSD>
        <pctVal>0.423125418440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KNORR-BREMSE AG</name>
        <lei>5299001GRRO0Z25YZT52</lei>
        <title>KNORR-BREMSE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000KBX1006"/>
        </identifiers>
        <balance>7691.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>900434.98000000</valUSD>
        <pctVal>0.198295989624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FINECOBANK SPA</name>
        <lei>549300L7YCATGO57ZE10</lei>
        <title>FINECOBANK SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0000072170"/>
        </identifiers>
        <balance>79060.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>1143155.12000000</valUSD>
        <pctVal>0.251748411434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONOTARO CO LTD</name>
        <lei>N/A</lei>
        <title>MONOTARO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3922950005"/>
        </identifiers>
        <balance>21900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>932024.94000000</valUSD>
        <pctVal>0.205252807739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORTESCUE METALS GROUP LTD</name>
        <lei>529900VEJFORCO6I4826</lei>
        <title>FORTESCUE METALS GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000FMG4"/>
        </identifiers>
        <balance>272215.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39967807"/>
        <valUSD>3385966.57000000</valUSD>
        <pctVal>0.745665824571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEMETSCHEK SE</name>
        <lei>529900R0S2IX1S358J38</lei>
        <title>NEMETSCHEK SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006452907"/>
        </identifiers>
        <balance>8632.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>634487.22000000</valUSD>
        <pctVal>0.139728324630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BHP GROUP PLC</name>
        <lei>549300C116EOWV835768</lei>
        <title>BHP GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BH0P3Z91"/>
        </identifiers>
        <balance>335892.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>7263136.35000000</valUSD>
        <pctVal>1.599505619276</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>SPARK NEW ZEALAND LTD</name>
        <lei>529900HUN51H3Y7QBB66</lei>
        <title>SPARK NEW ZEALAND LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZTELE0001S4"/>
        </identifiers>
        <balance>292140.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.50784077"/>
        <valUSD>955173.93000000</valUSD>
        <pctVal>0.210350734833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVOLUTION GAMING GROUP AB</name>
        <lei>549300SUH6ZR1RF6TA88</lei>
        <title>EVOLUTION GAMING GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0012673267"/>
        </identifiers>
        <balance>19449.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.78030000"/>
        <valUSD>1325499.31000000</valUSD>
        <pctVal>0.291904694132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCHE HOLDING LTD</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>ROCHE HOLDINGS AG (GENUSSCHEINE)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0012032048"/>
        </identifiers>
        <balance>48816.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.91455000"/>
        <valUSD>16907742.06000000</valUSD>
        <pctVal>3.723464235150</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>ALLIANZ SE</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>ALLIANZ SE (REGD)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0008404005"/>
        </identifiers>
        <balance>55533.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>11527448.42000000</valUSD>
        <pctVal>2.538602834257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOVO-NORDISK AS</name>
        <lei>549300DAQ1CVT6CXN342</lei>
        <title>NOVO-NORDISK AS CL B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060534915"/>
        </identifiers>
        <balance>188981.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.32170000"/>
        <valUSD>12399534.02000000</valUSD>
        <pctVal>2.730655654206</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>GENMAB AS</name>
        <lei>529900MTJPDPE4MHJ122</lei>
        <title>GENMAB AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0010272202"/>
        </identifiers>
        <balance>10332.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.32170000"/>
        <valUSD>3528605.91000000</valUSD>
        <pctVal>0.777078208266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADYEN BV</name>
        <lei>724500973ODKK3IFQ447</lei>
        <title>ADYEN BV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0012969182"/>
        </identifiers>
        <balance>3851.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>6427916.46000000</valUSD>
        <pctVal>1.415571455987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMADEUS IT GROUP SA</name>
        <lei>9598004A3FTY3TEHHN09</lei>
        <title>AMADEUS IT GROUP SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0109067019"/>
        </identifiers>
        <balance>68585.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>3424810.19000000</valUSD>
        <pctVal>0.754220061400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SARTORIUS STEDIM BIOTECH</name>
        <lei>52990006IVXY7GCSSR39</lei>
        <title>SARTORIUS STEDIM BIOTECH</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013154002"/>
        </identifiers>
        <balance>3811.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>1185140.20000000</valUSD>
        <pctVal>0.260994468254</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HALMA PLC</name>
        <lei>2138007FRGLUR9KGBT40</lei>
        <title>HALMA PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004052071"/>
        </identifiers>
        <balance>60093.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>1713252.63000000</valUSD>
        <pctVal>0.377296676927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BURBERRY GROUP PLC</name>
        <lei>213800PE1KEFCNFR1R50</lei>
        <title>BURBERRY GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0031743007"/>
        </identifiers>
        <balance>65407.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>1065727.46000000</valUSD>
        <pctVal>0.234697103116</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>M3 INC</name>
        <lei>N/A</lei>
        <title>M3 INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3435750009"/>
        </identifiers>
        <balance>68000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>3491975.37000000</valUSD>
        <pctVal>0.769011341318</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>HERMES INTL SCA</name>
        <lei>969500Y4IJGHJE2MTJ13</lei>
        <title>HERMES INTERNATIONAL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000052292"/>
        </identifiers>
        <balance>5540.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>4478033.45000000</valUSD>
        <pctVal>0.986163459065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNILEVER NV</name>
        <lei>549300TK7G7NZTVM1Z30</lei>
        <title>UNILEVER NV (REGD)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000388619"/>
        </identifiers>
        <balance>212590.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>12562004.21000000</valUSD>
        <pctVal>2.766435236103</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>ASTELLAS PHARMA INC</name>
        <lei>529900IB708DY2HBBB35</lei>
        <title>ASTELLAS PHARMA INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3942400007"/>
        </identifiers>
        <balance>285400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>4451659.41000000</valUSD>
        <pctVal>0.980355303587</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>DIAGEO PLC</name>
        <lei>213800ZVIELEA55JMJ32</lei>
        <title>DIAGEO PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0002374006"/>
        </identifiers>
        <balance>319535.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>11691995.34000000</valUSD>
        <pctVal>2.574839758705</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>TOKIO MARINE HOLDINGS INC</name>
        <lei>5299009QN2NZ191KLS29</lei>
        <title>TOKIO MARINE HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3910660004"/>
        </identifiers>
        <balance>112900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>4767198.69000000</valUSD>
        <pctVal>1.049844134188</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>GJENSIDIGE FORSIKRING ASA</name>
        <lei>5967007LIEEXZX6FAO47</lei>
        <title>GJENSIDIGE FORSIKRING ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010582521"/>
        </identifiers>
        <balance>30217.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.10185000"/>
        <valUSD>618824.61000000</valUSD>
        <pctVal>0.136279066417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEIERSDORF AG</name>
        <lei>L47NHHI0Z9X22DV46U41</lei>
        <title>BEIERSDORF AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005200000"/>
        </identifiers>
        <balance>15628.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>1866069.22000000</valUSD>
        <pctVal>0.410950319464</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>AUTO TRADER GROUP PLC</name>
        <lei>213800QLK9BZILB1DI86</lei>
        <title>AUTO TRADER GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BVYVFW23"/>
        </identifiers>
        <balance>147477.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>1030203.19000000</valUSD>
        <pctVal>0.226873861648</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>DAITO TR CONSTR CO LTD</name>
        <lei>353800QQ4DRI3KXS3038</lei>
        <title>DAITO TRUST CONSTRUCTION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3486800000"/>
        </identifiers>
        <balance>12000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>937735.58000000</valUSD>
        <pctVal>0.206510418822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLOPLAST AS</name>
        <lei>529900NN7SOJ5QG82X67</lei>
        <title>COLOPLAST AS CL B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060448595"/>
        </identifiers>
        <balance>18578.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.32170000"/>
        <valUSD>3162112.72000000</valUSD>
        <pctVal>0.696368183205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURONEXT NV</name>
        <lei>724500QJ4QSZ3H9QU415</lei>
        <title>EURONEXT NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0006294274"/>
        </identifiers>
        <balance>11132.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>1270643.82000000</valUSD>
        <pctVal>0.279824284200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASM INTL NV</name>
        <lei>7245001I22ND6ZFHX623</lei>
        <title>ASM INTERNATIONAL NV (NETH)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000334118"/>
        </identifiers>
        <balance>7750.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>1168069.94000000</valUSD>
        <pctVal>0.257235213922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROHTO PHARMACEUTICAL CO LTD</name>
        <lei>N/A</lei>
        <title>ROHTO PHARMACEUTICAL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3982400008"/>
        </identifiers>
        <balance>17600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>541193.14000000</valUSD>
        <pctVal>0.119182874564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIALOG SEMICONDUCTOR PLC</name>
        <lei>529900QA2LORU6646N15</lei>
        <title>DIALOG SEMICONDUCTOR PLC (GER)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0059822006"/>
        </identifiers>
        <balance>10496.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>479714.01000000</valUSD>
        <pctVal>0.105643790459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Cash Central Fund</title>
        <cusip>31635A105</cusip>
        <identifiers>
          <isin value="US31635A1051"/>
        </identifiers>
        <balance>1165311.47000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1165661.06000000</valUSD>
        <pctVal>0.256704724487</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</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>N/A</cusip>
        <identifiers>
          <isin value="GB00B2B0DG97"/>
        </identifiers>
        <balance>319915.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>6763115.07000000</valUSD>
        <pctVal>1.489389712238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENAGAS SA</name>
        <lei>213800OU3FQKGM4M2U23</lei>
        <title>ENAGAS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0130960018"/>
        </identifiers>
        <balance>39577.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>996263.57000000</valUSD>
        <pctVal>0.219399595671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IG GROUP PLC</name>
        <lei>2138003A5Q1M7ANOUD76</lei>
        <title>IG GROUP HLDGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B06QFB75"/>
        </identifiers>
        <balance>58352.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>562177.17000000</valUSD>
        <pctVal>0.123804028881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORION OYJ</name>
        <lei>74370029VAHCXDR7B745</lei>
        <title>ORION OYJ (NEW) B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009014377"/>
        </identifiers>
        <balance>16560.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>722143.66000000</valUSD>
        <pctVal>0.159032239852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NESTLE SA</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>NESTLE SA (REG)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0038863350"/>
        </identifiers>
        <balance>177587.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.91455000"/>
        <valUSD>21118958.76000000</valUSD>
        <pctVal>4.650868658122</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>PERSIMMON PLC</name>
        <lei>213800XI72Y57UWN6F31</lei>
        <title>PERSIMMON PLC ORD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0006825383"/>
        </identifiers>
        <balance>50505.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>1587987.30000000</valUSD>
        <pctVal>0.349710440130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LVMH MOET HENNESSY SE</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH MOET HENNESSY LOUIS VUITTON SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000121014"/>
        </identifiers>
        <balance>8915.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>3876627.07000000</valUSD>
        <pctVal>0.853720277783</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>CEMBRA MONEY BANK AG</name>
        <lei>549300ZDHOETLAIVTE82</lei>
        <title>CEMBRA MONEY BANK AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0225173167"/>
        </identifiers>
        <balance>4283.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.91455000"/>
        <valUSD>466912.80000000</valUSD>
        <pctVal>0.102824676740</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>HANNOVER RUECK SA</name>
        <lei>529900KIN5BE45V5KB18</lei>
        <title>HANNOVER RUECKVERSICHERUNGS SE(REGD)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0008402215"/>
        </identifiers>
        <balance>9589.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>1619754.98000000</valUSD>
        <pctVal>0.356706396178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOVOZYMES A/S</name>
        <lei>529900T6WNZXD2R3JW38</lei>
        <title>NOVOZYMES A/S B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060336014"/>
        </identifiers>
        <balance>33958.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.32170000"/>
        <valUSD>2027263.11000000</valUSD>
        <pctVal>0.446448831460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BHP GROUP LTD</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP GROUP LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000BHP4"/>
        </identifiers>
        <balance>445039.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39967807"/>
        <valUSD>11717366.61000000</valUSD>
        <pctVal>2.580427081726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROXIMUS</name>
        <lei>549300CWRXC5EP004533</lei>
        <title>PROXIMUS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003810273"/>
        </identifiers>
        <balance>21088.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>434959.07000000</valUSD>
        <pctVal>0.095787748307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHUGAI PHARMACEUTICAL CO LTD</name>
        <lei>529900T9LAII161DCN95</lei>
        <title>CHUGAI PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3519400000"/>
        </identifiers>
        <balance>101500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>4582648.34000000</valUSD>
        <pctVal>1.009202005549</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>BE SEMICONDUCTOR INDUSTRIES NV</name>
        <lei>7245007A1YFLI2GNYX06</lei>
        <title>BE SEMICOND INDUS NV (NETH)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0012866412"/>
        </identifiers>
        <balance>12096.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>533178.24000000</valUSD>
        <pctVal>0.117417813718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASAHI INTECC CO LTD</name>
        <lei>N/A</lei>
        <title>ASAHI INTECC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3110650003"/>
        </identifiers>
        <balance>41400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>1152965.85000000</valUSD>
        <pctVal>0.253908954347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOVARTIS AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>NOVARTIS AG (REG)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0012005267"/>
        </identifiers>
        <balance>185342.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.91455000"/>
        <valUSD>15266117.12000000</valUSD>
        <pctVal>3.361941582987</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>LASERTEC CORP</name>
        <lei>N/A</lei>
        <title>LASERTEC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3979200007"/>
        </identifiers>
        <balance>12300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>1069009.49000000</valUSD>
        <pctVal>0.235419879776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMI PLC</name>
        <lei>2138002W9Q21PF751R30</lei>
        <title>IMI PLC ORD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BGLP8L22"/>
        </identifiers>
        <balance>45517.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>622033.50000000</valUSD>
        <pctVal>0.136985736007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FISHER and PAYKEL HEALTHCARE CORP</name>
        <lei>N/A</lei>
        <title>FISHER and PAYKEL HEALTHCARE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZFAPE0001S2"/>
        </identifiers>
        <balance>91349.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.50784077"/>
        <valUSD>2180975.65000000</valUSD>
        <pctVal>0.480299782294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAMAMATSU PHOTONICS</name>
        <lei>N/A</lei>
        <title>HAMAMATSU PHOTONICS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3771800004"/>
        </identifiers>
        <balance>23300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>1003712.63000000</valUSD>
        <pctVal>0.221040045850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GAMES WORKSHOP GROUP PLC</name>
        <lei>213800RP9QJQYGWHNT41</lei>
        <title>GAMES WORKSHOP GROUP CO PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0003718474"/>
        </identifiers>
        <balance>4909.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>564192.35000000</valUSD>
        <pctVal>0.124247816740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWEDISH MATCH CO</name>
        <lei>529900YVXCGNWAUYZG78</lei>
        <title>SWEDISH MATCH AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000310336"/>
        </identifiers>
        <balance>27028.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.78030000"/>
        <valUSD>2071665.43000000</valUSD>
        <pctVal>0.456227218775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHIONOGI and CO LTD</name>
        <lei>35380049VXDTHZI3DY35</lei>
        <title>SHIONOGI and CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3347200002"/>
        </identifiers>
        <balance>46300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>2754432.12000000</valUSD>
        <pctVal>0.606587766159</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>ASX LTD</name>
        <lei>N/A</lei>
        <title>ASX LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ASX7"/>
        </identifiers>
        <balance>30784.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39967807"/>
        <valUSD>1817773.43000000</valUSD>
        <pctVal>0.400314502681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CK INFRASTRUCTURE HOLDINGS LTD</name>
        <lei>5299005U11RQ1C27MR12</lei>
        <title>CK INFRASTRUCTURE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG2178K1009"/>
        </identifiers>
        <balance>118000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75030000"/>
        <valUSD>615098.77000000</valUSD>
        <pctVal>0.135458552836</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>EPIROC AB</name>
        <lei>5493004Q73OEYW1SPE91</lei>
        <title>EPIROC AB CL A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0011166933"/>
        </identifiers>
        <balance>161235.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.78030000"/>
        <valUSD>2254408.51000000</valUSD>
        <pctVal>0.496471346003</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>RIGHTMOVE PLC</name>
        <lei>2138001JXGCFKBXYB828</lei>
        <title>RIGHTMOVE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BGDT3G23"/>
        </identifiers>
        <balance>143058.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>1032427.58000000</valUSD>
        <pctVal>0.227363722244</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>PARTNERS GROUP HOLDING</name>
        <lei>549300I3IVVWZWDHI788</lei>
        <title>PARTNERS GROUP HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0024608827"/>
        </identifiers>
        <balance>2972.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.91455000"/>
        <valUSD>2863622.98000000</valUSD>
        <pctVal>0.630634043927</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>HARGREAVES LANSDOWN PLC</name>
        <lei>2138008ZCE93ZDSESG90</lei>
        <title>HARGREAVES LANSDOWN PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1VZ0M25"/>
        </identifiers>
        <balance>43749.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>1001607.54000000</valUSD>
        <pctVal>0.220576457791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RECORDATI SPA</name>
        <lei>815600FBF92FD3531704</lei>
        <title>RECORDATI SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003828271"/>
        </identifiers>
        <balance>15915.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>848117.64000000</valUSD>
        <pctVal>0.186774537282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEDIBANK PRIVATE LIMITED</name>
        <lei>BDYVSUPTML83OLINBJ17</lei>
        <title>MEDIBANK PRIVATE LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000MPL3"/>
        </identifiers>
        <balance>437964.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39967807"/>
        <valUSD>882387.53000000</valUSD>
        <pctVal>0.194321536124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TEMENOS AG</name>
        <lei>5067007NW6550481FH64</lei>
        <title>TEMENOS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0012453913"/>
        </identifiers>
        <balance>7086.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.91455000"/>
        <valUSD>1045989.83000000</valUSD>
        <pctVal>0.230350434050</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>TAISHO PHARMACEUTICAL HOLDINGS CO LTD</name>
        <lei>N/A</lei>
        <title>TAISHO PHARMA HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3442850008"/>
        </identifiers>
        <balance>8000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>451183.22000000</valUSD>
        <pctVal>0.099360670230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DISCO CORP</name>
        <lei>N/A</lei>
        <title>DISCO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3548600000"/>
        </identifiers>
        <balance>4600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>1093779.23000000</valUSD>
        <pctVal>0.240874732391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COCHLEAR LTD</name>
        <lei>5493001OLLWY8KV5UC08</lei>
        <title>COCHLEAR LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000COH5"/>
        </identifiers>
        <balance>10110.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39967807"/>
        <valUSD>1373976.09000000</valUSD>
        <pctVal>0.302580368976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNILEVER PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>UNILEVER PLC ORD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B10RZP78"/>
        </identifiers>
        <balance>185680.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>11056319.50000000</valUSD>
        <pctVal>2.434849673277</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>SCHINDLER HOLDING AG</name>
        <lei>5299007DRLI319H7Q933</lei>
        <title>SCHINDLER HOLDING AG PART CERT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0024638196"/>
        </identifiers>
        <balance>9531.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.91455000"/>
        <valUSD>2402160.08000000</valUSD>
        <pctVal>0.529009557470</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>UBISOFT ENTERTAINMENT SA</name>
        <lei>969500I7C8V1LBIMSM05</lei>
        <title>UBISOFT ENTERTAINMENT SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000054470"/>
        </identifiers>
        <balance>11469.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>956231.32000000</valUSD>
        <pctVal>0.210583595841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROTORK PLC</name>
        <lei>213800AH5RZIHGWRJ718</lei>
        <title>ROTORK PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BVFNZH21"/>
        </identifiers>
        <balance>138038.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>505214.11000000</valUSD>
        <pctVal>0.111259484737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RYMAN HEALTHCARE GROUP LTD</name>
        <lei>N/A</lei>
        <title>RYMAN HEALTHCARE GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZRYME0001S4"/>
        </identifiers>
        <balance>65996.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.50784077"/>
        <valUSD>582121.68000000</valUSD>
        <pctVal>0.128196257566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCHRODERS (NEW) PLC</name>
        <lei>2138001YYBULX5SZ2H24</lei>
        <title>SCHRODERS PLC (NEW) ORD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0002405495"/>
        </identifiers>
        <balance>19547.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>758655.23000000</valUSD>
        <pctVal>0.167072906937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OBIC CO LTD</name>
        <lei>N/A</lei>
        <title>OBIC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3173400007"/>
        </identifiers>
        <balance>10600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>1893590.29000000</valUSD>
        <pctVal>0.417011076690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOSHIZAKI CORP</name>
        <lei>5299001QAMLGU3SRBG20</lei>
        <title>HOSHIZAKI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3845770001"/>
        </identifiers>
        <balance>8300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>630409.52000000</valUSD>
        <pctVal>0.138830323581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AENA SME SA</name>
        <lei>959800R7QMXKF0NFMT29</lei>
        <title>AENA SME SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105046009"/>
        </identifiers>
        <balance>11688.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>1518597.12000000</valUSD>
        <pctVal>0.334429165281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RELO GROUP INC</name>
        <lei>353800T595XRZDA8IB59</lei>
        <title>RELO GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3755200007"/>
        </identifiers>
        <balance>18300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>316020.97000000</valUSD>
        <pctVal>0.069594909549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FASTIGHETS AB BALDER</name>
        <lei>549300GHKJCEZOAEUU82</lei>
        <title>FASTIGHETS AB BALDER CL B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000455057"/>
        </identifiers>
        <balance>15295.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="8.78030000"/>
        <valUSD>629024.58000000</valUSD>
        <pctVal>0.138525328713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ST JAMES'S PLACE PLC</name>
        <lei>213800M993ICXOMBCP87</lei>
        <title>ST JAMES PLACE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0007669376"/>
        </identifiers>
        <balance>80271.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>990014.19000000</valUSD>
        <pctVal>0.218023341950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCOUT24 AG</name>
        <lei>5493007EIKM2ENQS7U66</lei>
        <title>SCOUT24 AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A12DM80"/>
        </identifiers>
        <balance>16085.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>1391681.07000000</valUSD>
        <pctVal>0.306479402896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SNAM SPA</name>
        <lei>8156002278562044AF79</lei>
        <title>SNAM SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003153415"/>
        </identifiers>
        <balance>329649.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>1747395.17000000</valUSD>
        <pctVal>0.384815630441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOBAYASHI PHARMAC CO LTD</name>
        <lei>529900WBSL04KD6TKP95</lei>
        <title>KOBAYASHI PHARMAC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3301100008"/>
        </identifiers>
        <balance>8900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>786963.30000000</valUSD>
        <pctVal>0.173306979224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROYAL UNIBREW AS</name>
        <lei>529900D69KFL8IAP8Q63</lei>
        <title>ROYAL UNIBREW AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060634707"/>
        </identifiers>
        <balance>6772.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.32170000"/>
        <valUSD>683659.52000000</valUSD>
        <pctVal>0.150557168586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRYG AS</name>
        <lei>213800ZRS8AC4LSTCE39</lei>
        <title>TRYG AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060636678"/>
        </identifiers>
        <balance>19218.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.32170000"/>
        <valUSD>565744.94000000</valUSD>
        <pctVal>0.124589731901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORIENTAL LAND CO LTD</name>
        <lei>353800PIFKBZ6KTU5994</lei>
        <title>ORIENTAL LAND CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3198900007"/>
        </identifiers>
        <balance>24400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>2920485.57000000</valUSD>
        <pctVal>0.643156462322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAYLOR WIMPEY PLC</name>
        <lei>21380089BTRXTD8S3R66</lei>
        <title>TAYLOR WIMPEY PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0008782301"/>
        </identifiers>
        <balance>520121.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>805772.23000000</valUSD>
        <pctVal>0.177449127709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOYA CORP</name>
        <lei>353800X4VR3BHEUCJB42</lei>
        <title>HOYA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3837800006"/>
        </identifiers>
        <balance>60200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>5925879.74000000</valUSD>
        <pctVal>1.305011703833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KEYENCE CORP</name>
        <lei>529900M7PQBS7A89DZ11</lei>
        <title>KEYENCE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3236200006"/>
        </identifiers>
        <balance>27000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>11279013.75000000</valUSD>
        <pctVal>2.483891944699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OTSUKA CORPORATION</name>
        <lei>529900RG9DJ58J3UIE72</lei>
        <title>OTSUKA CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3188200004"/>
        </identifiers>
        <balance>17500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>902649.85000000</valUSD>
        <pctVal>0.198783753703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPASS GROUP PLC</name>
        <lei>2138008M6MH9OZ6U2T68</lei>
        <title>COMPASS GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BD6K4575"/>
        </identifiers>
        <balance>233242.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>3207321.24000000</valUSD>
        <pctVal>0.706324113852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOFTBANK CORPO</name>
        <lei>353800M1YCTS9JRBJ535</lei>
        <title>SOFTBANK CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3732000009"/>
        </identifiers>
        <balance>258800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>3458245.71000000</valUSD>
        <pctVal>0.761583313244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIRECT LINE INSURANCE GROUP PL C</name>
        <lei>213800FF2R23ALJQOP04</lei>
        <title>DIRECT LINE INSURANCE GRP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BY9D0Y18"/>
        </identifiers>
        <balance>208627.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>809446.89000000</valUSD>
        <pctVal>0.178258370305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADMIRAL GROUP PLC</name>
        <lei>213800FGVM7Z9EJB2685</lei>
        <title>ADMIRAL GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B02J6398"/>
        </identifiers>
        <balance>40167.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>1261886.47000000</valUSD>
        <pctVal>0.277895719203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOWDEN JOINERY GROUP PLC</name>
        <lei>213800KC1LJOJTY3JP45</lei>
        <title>HOWDEN JOINERY GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0005576813"/>
        </identifiers>
        <balance>96631.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>620180.36000000</valUSD>
        <pctVal>0.136577632992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SGS SA</name>
        <lei>2138007JNS19JHNA2336</lei>
        <title>SGS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0002497458"/>
        </identifiers>
        <balance>825.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.91455000"/>
        <valUSD>2156880.43000000</valUSD>
        <pctVal>0.474993474119</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>EXPERIAN PLC</name>
        <lei>635400RXXHHYT1JTSZ26</lei>
        <title>EXPERIAN PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B19NLV48"/>
        </identifiers>
        <balance>144842.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>5059348.19000000</valUSD>
        <pctVal>1.114182010335</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>FERRARI NV</name>
        <lei>549300RIVY5EX8RCON76</lei>
        <title>FERRARI NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0011585146"/>
        </identifiers>
        <balance>20354.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>3628766.73000000</valUSD>
        <pctVal>0.799135868580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZOZO INC</name>
        <lei>549300GC7XPQMZA0OW13</lei>
        <title>ZOZO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3399310006"/>
        </identifiers>
        <balance>31200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>842964.43000000</valUSD>
        <pctVal>0.185639684794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAO CORPORATION</name>
        <lei>353800HM38HFCB8RGL63</lei>
        <title>KAO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3205800000"/>
        </identifiers>
        <balance>64600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>4686344.61000000</valUSD>
        <pctVal>1.032038251293</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>ASHMORE GROUP PLC</name>
        <lei>549300U3L59WB4YI2X12</lei>
        <title>ASHMORE GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B132NW22"/>
        </identifiers>
        <balance>67592.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>345417.83000000</valUSD>
        <pctVal>0.076068757828</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SONOVA HLDG AG</name>
        <lei>5299004A0QNX7FBNHS61</lei>
        <title>SONOVA HLDG AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0012549785"/>
        </identifiers>
        <balance>8660.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.91455000"/>
        <valUSD>1946854.74000000</valUSD>
        <pctVal>0.428741103909</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>CARSALES.COM LTD</name>
        <lei>5299009TFWZGH2AN7D11</lei>
        <title>CARSALES.COM.AU LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CAR3"/>
        </identifiers>
        <balance>38315.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39967807"/>
        <valUSD>503684.39000000</valUSD>
        <pctVal>0.110922606064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SYSMEX CORPORATION</name>
        <lei>5299001ZO4CKWACMZI55</lei>
        <title>SYSMEX CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3351100007"/>
        </identifiers>
        <balance>26300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>2020171.93000000</valUSD>
        <pctVal>0.444887194488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAGELLAN FINANCIAL GROUP LTD</name>
        <lei>549300X5WFW6USQQ9U26</lei>
        <title>MAGELLAN FINANCIAL GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000MFG4"/>
        </identifiers>
        <balance>23452.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.39967807"/>
        <valUSD>1024753.01000000</valUSD>
        <pctVal>0.225673609702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAGE GROUP PLC</name>
        <lei>2138005RN5XYLTF8G138</lei>
        <title>SAGE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B8C3BL03"/>
        </identifiers>
        <balance>178095.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>1700423.63000000</valUSD>
        <pctVal>0.374471443226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRODA INTERNATIONAL PLC</name>
        <lei>2138004WCNBFJEEOXV26</lei>
        <title>CRODA INTERNATIONAL PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BJFFLV09"/>
        </identifiers>
        <balance>20978.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>1573469.58000000</valUSD>
        <pctVal>0.346513312388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIASORIN SPA</name>
        <lei>8156002878BDF0EE4348</lei>
        <title>DIASORIN SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003492391"/>
        </identifiers>
        <balance>2401.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>469490.82000000</valUSD>
        <pctVal>0.103392414599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIHON M and A CENTER INC</name>
        <lei>N/A</lei>
        <title>NIHON M and A CENTER INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3689050007"/>
        </identifiers>
        <balance>22400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>1083444.33000000</valUSD>
        <pctVal>0.238598755482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITV PLC</name>
        <lei>ZLECI7ED2QMWFGYCXZ59</lei>
        <title>ITV PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0033986497"/>
        </identifiers>
        <balance>576984.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76394194"/>
        <valUSD>428088.20000000</valUSD>
        <pctVal>0.094274628541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PANDORA A/S</name>
        <lei>5299007OWYZ6I1E46843</lei>
        <title>PANDORA A/S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060252690"/>
        </identifiers>
        <balance>15903.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.32170000"/>
        <valUSD>1006499.88000000</valUSD>
        <pctVal>0.221653860850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPAN EXCHANGE GROUP INC.</name>
        <lei>353800578ADEGIJTVW07</lei>
        <title>JAPAN EXCHANGE GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3183200009"/>
        </identifiers>
        <balance>85300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>2014548.20000000</valUSD>
        <pctVal>0.443648722938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPAN TOBACCO INC</name>
        <lei>353800Z0ENYBQO0XRJ31</lei>
        <title>JAPAN TOBACCO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3726800000"/>
        </identifiers>
        <balance>178100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>3044166.61000000</valUSD>
        <pctVal>0.670393802906</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>UCB SA</name>
        <lei>2138008J191VLSGY5A09</lei>
        <title>UCB SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003739530"/>
        </identifiers>
        <balance>20106.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>2577988.45000000</valUSD>
        <pctVal>0.567730910380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EISAI CO LTD</name>
        <lei>353800HDEE0ZYEX4QV91</lei>
        <title>EISAI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3160400002"/>
        </identifiers>
        <balance>47200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>3809350.55000000</valUSD>
        <pctVal>0.838904478299</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>TOHO CO LTD (1ST SECTION)</name>
        <lei>529900IYHHYWU4O3H185</lei>
        <title>TOHO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3598600009"/>
        </identifiers>
        <balance>22500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>668828.04000000</valUSD>
        <pctVal>0.147290943850</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>RED ELECTRICA CORPORACION SA</name>
        <lei>5493009HMD0C90GUV498</lei>
        <title>RED ELECTRICA CORPORACION SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0173093024"/>
        </identifiers>
        <balance>68837.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>1339549.71000000</valUSD>
        <pctVal>0.294998907523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BELIMO HOLDING AG</name>
        <lei>506700339DLX749VEM23</lei>
        <title>BELIMO HOLDING AG (REG)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0001503199"/>
        </identifiers>
        <balance>79.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.91455000"/>
        <valUSD>621945.22000000</valUSD>
        <pctVal>0.136966294770</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>ICE FUTURES US</name>
        <lei>N/A</lei>
        <title>MSCI EAFE FUT SEP20 MFSU0</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MFSU0"/>
        </identifiers>
        <balance>16.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-46900.87000000</valUSD>
        <pctVal>-0.01032862409</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE FUTURES US</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>MSCI EAFE INDX(UN FOR FUTURES)</indexName>
                <indexIdentifier>EI09MXEA</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2020-09-18</expDate>
            <notionalAmt>1497780.87000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-46900.87000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINGAPORE TECH ENGINEERING LTD</name>
        <lei>254900OEXGGWCR24DG90</lei>
        <title>SINGAPORE TECH ENGINEERING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1F60858221"/>
        </identifiers>
        <balance>247900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.37400000"/>
        <valUSD>592949.96000000</valUSD>
        <pctVal>0.130580887823</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>DEUTSCHE BOERSE AG</name>
        <lei>529900G3SW56SHYNPR95</lei>
        <title>DEUTSCHE BOERSE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005810055"/>
        </identifiers>
        <balance>28829.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>5250080.02000000</valUSD>
        <pctVal>1.156185439591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EDENRED</name>
        <lei>9695006LOD5B2D7Y0N70</lei>
        <title>EDENRED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010908533"/>
        </identifiers>
        <balance>38677.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84893247"/>
        <valUSD>1919424.77000000</valUSD>
        <pctVal>0.422700408948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>USS CO LTD</name>
        <lei>5299000RRQD6UZXG4W72</lei>
        <title>USS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3944130008"/>
        </identifiers>
        <balance>34900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="105.85500000"/>
        <valUSD>517952.86000000</valUSD>
        <pctVal>0.114064843363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Laura M. Del Prato</ncom:nameOfApplicant>
      <ncom:signature>Laura M. Del Prato</ncom:signature>
      <ncom:signerName>Laura M. Del Prato</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
