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        <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>Imperial Brands PLC</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>Imperial Brands PLC GBP0.10</title>
        <cusip>G4720C107</cusip>
        <identifiers>
          <isin value="GB0004544929"/>
          <ticker value="IMBBF"/>
        </identifiers>
        <balance>206700</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>6009952.68</valUSD>
        <pctVal>0.4719783473</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>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC ORD GBP0.25</title>
        <cusip>G08036124</cusip>
        <identifiers>
          <isin value="GB0031348658"/>
          <ticker value="BCLYF"/>
        </identifiers>
        <balance>981700</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>2948945.5</valUSD>
        <pctVal>0.2315889155</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>Munich Reinsurance AG</name>
        <lei>529900MUF4C20K50JS49</lei>
        <title>Munich Reinsurance AG NPV(REGD)</title>
        <cusip>D55535104</cusip>
        <identifiers>
          <isin value="DE0008430026"/>
          <ticker value="MURGF"/>
        </identifiers>
        <balance>5600</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3085854</valUSD>
        <pctVal>0.2423407219</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Volkswagen AG</name>
        <lei>529900NNUPAGGOMPXZ31</lei>
        <title>Volkswagen AG NON VTG PRF NPV</title>
        <cusip>D94523103</cusip>
        <identifiers>
          <isin value="DE0007664039"/>
          <ticker value="VLKPF"/>
        </identifiers>
        <balance>28400</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3016441</valUSD>
        <pctVal>0.2368895254</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco Bilbao Vizcaya Argentaria, S.A.</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>Banco Bilbao Vizcaya Argentaria, S.A. EUR0.49</title>
        <cusip>E11805103</cusip>
        <identifiers>
          <isin value="ES0113211835"/>
          <ticker value="BBVXF"/>
        </identifiers>
        <balance>382100</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>4127555.5</valUSD>
        <pctVal>0.3241484462</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>Mercedes-Benz Group AG</name>
        <lei>529900R27DL06UVNT076</lei>
        <title>Mercedes-Benz Group AG ORD NPV(REGD)</title>
        <cusip>D1668R123</cusip>
        <identifiers>
          <isin value="DE0007100000"/>
          <ticker value="MBGAF"/>
        </identifiers>
        <balance>93100</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>6032814.03</valUSD>
        <pctVal>0.4737737129</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>Bayerische Motoren Werke AG</name>
        <lei>YEH5ZCD6E441RHVHD759</lei>
        <title>Bayerische Motoren Werke AG EUR1</title>
        <cusip>D12096109</cusip>
        <identifiers>
          <isin value="DE0005190003"/>
          <ticker value="BAMXF"/>
        </identifiers>
        <balance>68500</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>6057914.88</valUSD>
        <pctVal>0.4757449526</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>Suedzucker AG</name>
        <lei>529900S8QNB101D40S72</lei>
        <title>Suedzucker AG NPV</title>
        <cusip>D82781101</cusip>
        <identifiers>
          <isin value="DE0007297004"/>
          <ticker value="SUEZF"/>
        </identifiers>
        <balance>92100</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1156440.13</valUSD>
        <pctVal>0.0908184690</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>Bouygues SA</name>
        <lei>969500MOCLNQFNZN0D63</lei>
        <title>Bouygues SA EUR1</title>
        <cusip>F11487125</cusip>
        <identifiers>
          <isin value="FR0000120503"/>
          <ticker value="BOUYF"/>
        </identifiers>
        <balance>104400</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3494396.94</valUSD>
        <pctVal>0.2744247385</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>GEA Group AG</name>
        <lei>549300PHUU0ZZWO8EO07</lei>
        <title>GEA Group AG NPV</title>
        <cusip>D28304109</cusip>
        <identifiers>
          <isin value="DE0006602006"/>
          <ticker value="G1A"/>
        </identifiers>
        <balance>127390</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>6248049.13</valUSD>
        <pctVal>0.4906767256</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>Telefonaktiebolaget LM Ericsson (publ)</name>
        <lei>549300W9JLPW15XIFM52</lei>
        <title>Telefonaktiebolaget LM Ericsson (publ) SER'B'NPV</title>
        <cusip>W26049119</cusip>
        <identifiers>
          <isin value="SE0000108656"/>
          <ticker value="ERIXF"/>
        </identifiers>
        <balance>395700</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="0.098465"/>
        <valUSD>2990088.63</valUSD>
        <pctVal>0.2348200002</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="3055420.950000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Chocoladefabriken Lindt &amp; Spruengli AG</name>
        <lei>529900JYJNNOKKAGK736</lei>
        <title>Chocoladefabriken Lindt &amp; Spruengli AG CHF10 (PTG CERT)</title>
        <cusip>H49983184</cusip>
        <identifiers>
          <isin value="CH0010570767"/>
          <ticker value="LDSVF"/>
        </identifiers>
        <balance>158</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>2038188.18</valUSD>
        <pctVal>0.1600646028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>Deutsche Post AG</name>
        <lei>8ER8GIG7CSMVD8VUFE78</lei>
        <title>Deutsche Post AG NPV(REGD)</title>
        <cusip>D19225107</cusip>
        <identifiers>
          <isin value="DE0005552004"/>
          <ticker value="DPSTF"/>
        </identifiers>
        <balance>76200</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3399035.63</valUSD>
        <pctVal>0.2669357488</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>Pernod Ricard SA</name>
        <lei>52990097YFPX9J0H5D87</lei>
        <title>Pernod Ricard SA EUR1.55</title>
        <cusip>F72027109</cusip>
        <identifiers>
          <isin value="FR0000120693"/>
          <ticker value="PDRDF"/>
        </identifiers>
        <balance>62804</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>9501785.58</valUSD>
        <pctVal>0.7462017245</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>Societe Generale S.A.</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale S.A. EUR1.25</title>
        <cusip>F8591M517</cusip>
        <identifiers>
          <isin value="FR0000130809"/>
          <ticker value="SCGLF"/>
        </identifiers>
        <balance>76400</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1903835.72</valUSD>
        <pctVal>0.1495135294</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>Sonae SGPS S.A.</name>
        <lei>549300847SOBT7HY7R50</lei>
        <title>Sonae SGPS S.A. EUR1</title>
        <cusip>X8252W176</cusip>
        <identifiers>
          <isin value="PTSON0AM0001"/>
          <ticker value="SOSSF"/>
        </identifiers>
        <balance>1981700</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2093430.5</valUSD>
        <pctVal>0.1644029363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Television Francaise 1 SA</name>
        <lei>969500WQFC6OAQYG7E65</lei>
        <title>Television Francaise 1 SA EUR0.20</title>
        <cusip>F91255103</cusip>
        <identifiers>
          <isin value="FR0000054900"/>
          <ticker value="TVFCF"/>
        </identifiers>
        <balance>298600</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2652605.69</valUSD>
        <pctVal>0.2083165236</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>AGC Inc.</name>
        <lei>JE4WFFEELMVPFZ0G1E77</lei>
        <title>AGC Inc. NPV</title>
        <cusip>J0025W100</cusip>
        <identifiers>
          <isin value="JP3112000009"/>
          <ticker value="ASGLF"/>
        </identifiers>
        <balance>24100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>782049.8</valUSD>
        <pctVal>0.0614165521</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>Schneider Electric SE</name>
        <lei>969500A1YF1XUYYXS284</lei>
        <title>Schneider Electric SE EUR4.00</title>
        <cusip>F86921107</cusip>
        <identifiers>
          <isin value="FR0000121972"/>
          <ticker value="SBGSF"/>
        </identifiers>
        <balance>78266</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>20631573.39</valUSD>
        <pctVal>1.6202550051</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>Bic (Societe Bic SA)</name>
        <lei>969500UR00DF63I0VH67</lei>
        <title>Bic (Societe Bic SA) EUR3.82</title>
        <cusip>F10080103</cusip>
        <identifiers>
          <isin value="FR0000120966"/>
          <ticker value="BICEF"/>
        </identifiers>
        <balance>27900</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1875890.38</valUSD>
        <pctVal>0.1473189039</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>A2A S.p.A.</name>
        <lei>81560076E3944316DB24</lei>
        <title>A2A S.p.A. EUR0.52</title>
        <cusip>T0579B105</cusip>
        <identifiers>
          <isin value="IT0001233417"/>
          <ticker value="AEMMF"/>
        </identifiers>
        <balance>1366800</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3157264.55</valUSD>
        <pctVal>0.2479487915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carrefour S.A.</name>
        <lei>549300B8P6MUJ1YWTS08</lei>
        <title>Carrefour S.A. EUR2.50</title>
        <cusip>F13923119</cusip>
        <identifiers>
          <isin value="FR0000120172"/>
          <ticker value="CRERF"/>
        </identifiers>
        <balance>212700</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3626850.26</valUSD>
        <pctVal>0.2848266671</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>Sanofi</name>
        <lei>549300E9PC51EN656011</lei>
        <title>Sanofi EUR2</title>
        <cusip>F5548N101</cusip>
        <identifiers>
          <isin value="FR0000120578"/>
          <ticker value="SNYNF"/>
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        <balance>52200</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <pctVal>0.4720042694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG ORD NPV(REGD)</title>
        <cusip>D18190898</cusip>
        <identifiers>
          <isin value="DE0005140008"/>
          <ticker value="DB"/>
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        <balance>239800</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>4151348.25</valUSD>
        <pctVal>0.3260169573</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Infineon Technologies AG</name>
        <lei>TSI2PJM6EPETEQ4X1U25</lei>
        <title>Infineon Technologies AG ORD NPV (REGD)</title>
        <cusip>D35415104</cusip>
        <identifiers>
          <isin value="DE0006231004"/>
          <ticker value="IFNNF"/>
        </identifiers>
        <balance>54800</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1923917.75</valUSD>
        <pctVal>0.1510906272</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Nokia Corp</name>
        <lei>549300A0JPRWG1KI7U06</lei>
        <title>Nokia Corp NPV</title>
        <cusip>X61873133</cusip>
        <identifiers>
          <isin value="FI0009000681"/>
          <ticker value="NOKBF"/>
        </identifiers>
        <balance>795200</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3471985.67</valUSD>
        <pctVal>0.2726647189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Amada Co Ltd</name>
        <lei>529900QF5O6TQGCPDX85</lei>
        <title>Amada Co Ltd NPV</title>
        <cusip>J01218106</cusip>
        <identifiers>
          <isin value="JP3122800000"/>
          <ticker value="AMDWF"/>
        </identifiers>
        <balance>217000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2215504.82</valUSD>
        <pctVal>0.1739897731</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2213733.060000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Brother Industries Ltd</name>
        <lei>549300O5FACQ67KI6R92</lei>
        <title>Brother Industries Ltd NPV</title>
        <cusip>114813108</cusip>
        <identifiers>
          <isin value="JP3830000000"/>
          <ticker value="BRTHF"/>
        </identifiers>
        <balance>162500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>3187020.38</valUSD>
        <pctVal>0.2502855999</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="3161945.970000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Samsung Fire &amp; Marine Insurance Co Ltd</name>
        <lei>988400JMBDK47EW0Z936</lei>
        <title>Samsung Fire &amp; Marine Insurance Co Ltd KRW500</title>
        <cusip>Y7473H108</cusip>
        <identifiers>
          <isin value="KR7000810002"/>
          <ticker value="SZVZF"/>
        </identifiers>
        <balance>11976</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="0.000765"/>
        <valUSD>3165232.76</valUSD>
        <pctVal>0.2485745573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Harvey Norman Holdings Ltd.</name>
        <lei>529900ONRWOF42PYKU59</lei>
        <title>Harvey Norman Holdings Ltd. NPV</title>
        <cusip>Q4525E117</cusip>
        <identifiers>
          <isin value="AU000000HVN7"/>
          <ticker value="HNORF"/>
        </identifiers>
        <balance>364500</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>1243109.93</valUSD>
        <pctVal>0.0976248902</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1250449.220000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi HC Capital Inc.</name>
        <lei>353800MZ3QX9RLMH7B09</lei>
        <title>Mitsubishi HC Capital Inc. NPV</title>
        <cusip>J4706D100</cusip>
        <identifiers>
          <isin value="JP3499800005"/>
          <ticker value="MIUFF"/>
        </identifiers>
        <balance>301900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2144132.35</valUSD>
        <pctVal>0.1683846940</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2134590.190000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi UFJ Financial Group Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group Inc. NPV</title>
        <cusip>J44497105</cusip>
        <identifiers>
          <isin value="JP3902900004"/>
          <ticker value="MBFJF"/>
        </identifiers>
        <balance>177100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1818569.25</valUSD>
        <pctVal>0.1428173157</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>Subaru Corp.</name>
        <lei>549300N244BVAEE6HH86</lei>
        <title>Subaru Corp. NPV</title>
        <cusip>J7676H100</cusip>
        <identifiers>
          <isin value="JP3814800003"/>
          <ticker value="FUJHF"/>
        </identifiers>
        <balance>158100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2796968.82</valUSD>
        <pctVal>0.2196537629</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="22236.720000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Honda Motor Co Ltd.</name>
        <lei>549300P7ZYCQJ36CCS16</lei>
        <title>Honda Motor Co Ltd. NPV</title>
        <cusip>J22302111</cusip>
        <identifiers>
          <isin value="JP3854600008"/>
          <ticker value="HNDAF"/>
        </identifiers>
        <balance>495900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>5294399.32</valUSD>
        <pctVal>0.4157839461</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>ICL Group Ltd</name>
        <lei>529900FQVQD88SHIGM04</lei>
        <title>ICL Group Ltd ILS1</title>
        <cusip>M53213100</cusip>
        <identifiers>
          <isin value="IL0002810146"/>
          <ticker value="ICL"/>
        </identifiers>
        <balance>242600</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="0.268248"/>
        <valUSD>1032595.75</valUSD>
        <pctVal>0.0810926244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Isuzu Motors Ltd.</name>
        <lei>529900C0QSXVCC7AR494</lei>
        <title>Isuzu Motors Ltd. NPV</title>
        <cusip>J24994113</cusip>
        <identifiers>
          <isin value="JP3137200006"/>
          <ticker value="ISUZF"/>
        </identifiers>
        <balance>198100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2701127.25</valUSD>
        <pctVal>0.2121270571</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>ITOCHU Corp.</name>
        <lei>J48DJYXDTLHM30UMYI18</lei>
        <title>ITOCHU Corp. NPV</title>
        <cusip>J2501P104</cusip>
        <identifiers>
          <isin value="JP3143600009"/>
          <ticker value="ITOCF"/>
        </identifiers>
        <balance>35300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1902496.85</valUSD>
        <pctVal>0.1494083842</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="17358.400000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Kaneka Corp.</name>
        <lei>529900FWWCF6RY313R16</lei>
        <title>Kaneka Corp. NPV</title>
        <cusip>J2975N106</cusip>
        <identifiers>
          <isin value="JP3215800008"/>
          <ticker value="KANKF"/>
        </identifiers>
        <balance>75800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2074480.41</valUSD>
        <pctVal>0.1629147329</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2070187.570000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Sojitz Corp.</name>
        <lei>5493004SE33MRLPB1W98</lei>
        <title>Sojitz Corp. NPV</title>
        <cusip>J7608R119</cusip>
        <identifiers>
          <isin value="JP3663900003"/>
          <ticker value="SZHFF"/>
        </identifiers>
        <balance>124400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2947491.16</valUSD>
        <pctVal>0.2314747021</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsui Chemicals Inc.</name>
        <lei>353800H2UB5ZEZRZQC02</lei>
        <title>Mitsui Chemicals Inc. NPV</title>
        <cusip>J4466L136</cusip>
        <identifiers>
          <isin value="JP3888300005"/>
          <ticker value="MITUF"/>
        </identifiers>
        <balance>75100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2006076.88</valUSD>
        <pctVal>0.1575428129</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>Qantas Airways Ltd.</name>
        <lei>YLXNW6TI6QSK1H8H0N82</lei>
        <title>Qantas Airways Ltd. NPV</title>
        <cusip>Q77974550</cusip>
        <identifiers>
          <isin value="AU000000QAN2"/>
          <ticker value="QUBSF"/>
        </identifiers>
        <balance>580300</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>2962127.3</valUSD>
        <pctVal>0.2326241190</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>Sankyo Co Ltd</name>
        <lei>3538009H2R9ZBZAOAK48</lei>
        <title>Sankyo Co Ltd NPV</title>
        <cusip>J67844100</cusip>
        <identifiers>
          <isin value="JP3326410002"/>
          <ticker value="SKXJF"/>
        </identifiers>
        <balance>224000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>3301537.5</valUSD>
        <pctVal>0.2592789487</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>Shimadzu Corp</name>
        <lei>N/A</lei>
        <title>Shimadzu Corp NPV</title>
        <cusip>J72165129</cusip>
        <identifiers>
          <isin value="JP3357200009"/>
          <ticker value="SHMZF"/>
        </identifiers>
        <balance>290900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>9729603.55</valUSD>
        <pctVal>0.7640929052</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>Taisei Corp.</name>
        <lei>529900TF7XJKIOWMLQ79</lei>
        <title>Taisei Corp. NPV</title>
        <cusip>J79561148</cusip>
        <identifiers>
          <isin value="JP3443600006"/>
          <ticker value="TISCF"/>
        </identifiers>
        <balance>89900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>3947744.31</valUSD>
        <pctVal>0.3100273719</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>Teva Pharmaceutical Industries Ltd.</name>
        <lei>549300BAFGM4RC74ZJ94</lei>
        <title>Teva Pharmaceutical Industries Ltd. ILS0.10</title>
        <cusip>M8769Q102</cusip>
        <identifiers>
          <isin value="IL0006290147"/>
          <ticker value="TEVJF"/>
        </identifiers>
        <balance>144700</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="0.268248"/>
        <valUSD>2613183.5</valUSD>
        <pctVal>0.2052205891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>The Swatch Group Ltd.</name>
        <lei>529900NTES2LEON1JZ55</lei>
        <title>The Swatch Group Ltd. CHF2.25(BR)</title>
        <cusip>H83949141</cusip>
        <identifiers>
          <isin value="CH0012255151"/>
          <ticker value="SWGAF"/>
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        <balance>14500</balance>
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        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
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        <pctVal>0.2441731267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Credit Agricole S.A.</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole S.A. EUR3</title>
        <cusip>F22797108</cusip>
        <identifiers>
          <isin value="FR0000045072"/>
          <ticker value="CRARF"/>
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        <balance>191600</balance>
        <units>NS</units>
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        <pctVal>0.2301106732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA EUR2</title>
        <cusip>F1058Q238</cusip>
        <identifiers>
          <isin value="FR0000131104"/>
          <ticker value="BNPQF"/>
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        <balance>64700</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <pctVal>0.3486724151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ryanair Holdings PLC</name>
        <lei>635400BR2ROC1FVEBQ56</lei>
        <title>Ryanair Holdings PLC ADS EACH REPR 5 ORD EUR0.01</title>
        <cusip>783513203</cusip>
        <identifiers>
          <isin value="US7835132033"/>
          <ticker value="RYAAY"/>
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        <balance>117147.5</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5292724.03</valUSD>
        <pctVal>0.4156523809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co., Ltd.</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10</title>
        <cusip>874039100</cusip>
        <identifiers>
          <isin value="US8740391003"/>
          <ticker value="TSM"/>
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        <balance>114951</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19963540.12</valUSD>
        <pctVal>1.5677924891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW Hope Corp Ltd.</name>
        <lei>254900DHRUGXZSLSNZ83</lei>
        <title>NEW Hope Corp Ltd. NPV</title>
        <cusip>Q66635105</cusip>
        <identifiers>
          <isin value="AU000000NHC7"/>
          <ticker value="NHPEF"/>
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        <balance>692100</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>2482169.78</valUSD>
        <pctVal>0.1949317162</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2303326.610000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Sainsbury (J) PLC</name>
        <lei>213800VGZAAJIKJ9Y484</lei>
        <title>Sainsbury (J) PLC ORD GBP0.28571428</title>
        <cusip>G77732173</cusip>
        <identifiers>
          <isin value="GB00B019KW72"/>
          <ticker value="JSNSF"/>
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        <balance>634700</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>2510030.31</valUSD>
        <pctVal>0.1971196814</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie SA EUR1</title>
        <cusip>F7629A107</cusip>
        <identifiers>
          <isin value="FR0010208488"/>
          <ticker value="ENGI"/>
        </identifiers>
        <balance>182800</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3161021</valUSD>
        <pctVal>0.2482437960</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>Leonardo S.p.A.</name>
        <lei>529900X4EEX1U9LN3U39</lei>
        <title>Leonardo S.p.A. NPV</title>
        <cusip>T6S996112</cusip>
        <identifiers>
          <isin value="IT0003856405"/>
          <ticker value="FINMF"/>
        </identifiers>
        <balance>96100</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2150846.43</valUSD>
        <pctVal>0.1689119694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>London Stock Exchange Group PLC</name>
        <lei>213800QAUUUP6I445N30</lei>
        <title>London Stock Exchange Group PLC ORD GBP0.06918604</title>
        <cusip>G5689U103</cusip>
        <identifiers>
          <isin value="GB00B0SWJX34"/>
          <ticker value="LDNXF"/>
        </identifiers>
        <balance>57303</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>7841587.51</valUSD>
        <pctVal>0.6158217394</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>Legrand SA</name>
        <lei>969500XXRPGD7HCAFA90</lei>
        <title>Legrand SA EUR4</title>
        <cusip>F56196185</cusip>
        <identifiers>
          <isin value="FR0010307819"/>
          <ticker value="LGRVF"/>
        </identifiers>
        <balance>146563</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>16884943.74</valUSD>
        <pctVal>1.3260217284</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>SKF AB</name>
        <lei>549300B6HWYEE57O8J84</lei>
        <title>SKF AB SER'B'NPV</title>
        <cusip>W84237143</cusip>
        <identifiers>
          <isin value="SE0000108227"/>
          <ticker value="SKUFF"/>
        </identifiers>
        <balance>148300</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="0.098465"/>
        <valUSD>2953970</valUSD>
        <pctVal>0.2319835035</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>Banco de Sabadell SA</name>
        <lei>SI5RG2M0WQQLZCXKRM20</lei>
        <title>Banco de Sabadell SA EUR0.125</title>
        <cusip>E15819191</cusip>
        <identifiers>
          <isin value="ES0113860A34"/>
          <ticker value="BNDSF"/>
        </identifiers>
        <balance>2333146</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>4954988.25</valUSD>
        <pctVal>0.3891290480</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>3i Group PLC</name>
        <lei>35GDVHRBMFE7NWATNM84</lei>
        <title>3i Group PLC ORD GBP0.738636</title>
        <cusip>G88473148</cusip>
        <identifiers>
          <isin value="GB00B1YW4409"/>
          <ticker value="TGOPF"/>
        </identifiers>
        <balance>91000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>4029950</valUSD>
        <pctVal>0.3164832141</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>Amadeus IT Group SA</name>
        <lei>9598004A3FTY3TEHHN09</lei>
        <title>Amadeus IT Group SA EUR0.01</title>
        <cusip>E04648114</cusip>
        <identifiers>
          <isin value="ES0109067019"/>
          <ticker value="AMADF"/>
        </identifiers>
        <balance>112358</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>8137264.99</valUSD>
        <pctVal>0.6390421166</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>Glencore PLC</name>
        <lei>2138002658CPO9NBH955</lei>
        <title>Glencore PLC ORD USD0.01</title>
        <cusip>G39420107</cusip>
        <identifiers>
          <isin value="JE00B4T3BW64"/>
          <ticker value="GLCNF"/>
        </identifiers>
        <balance>1473077</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>8434826.63</valUSD>
        <pctVal>0.6624104622</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>Bpost SA</name>
        <lei>5493008AAX0BESN9WN06</lei>
        <title>Bpost SA NPV</title>
        <cusip>B1306V108</cusip>
        <identifiers>
          <isin value="BE0974268972"/>
          <ticker value="BPOSF"/>
        </identifiers>
        <balance>248400</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>709240.31</valUSD>
        <pctVal>0.0556986198</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>ANZ Group Holdings Ltd.</name>
        <lei>9845005D9C6BAA10BK72</lei>
        <title>ANZ Group Holdings Ltd. NPV</title>
        <cusip>Q0429F119</cusip>
        <identifiers>
          <isin value="AU000000ANZ3"/>
          <ticker value="ANZGF"/>
        </identifiers>
        <balance>134826</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>2833484</valUSD>
        <pctVal>0.2225214018</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>Bank Leumi Le-Israel BM</name>
        <lei>7JDSZWRGUQY2DSTWCR57</lei>
        <title>Bank Leumi Le-Israel BM ILS1</title>
        <cusip>M16043107</cusip>
        <identifiers>
          <isin value="IL0006046119"/>
          <ticker value="BLMIF"/>
        </identifiers>
        <balance>235700</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="0.268248"/>
        <valUSD>2308194.69</valUSD>
        <pctVal>0.1812689672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aegon Ltd.</name>
        <lei>O4QK7KMMK83ITNTHUG69</lei>
        <title>Aegon Ltd. EUR0.12</title>
        <cusip>G0112X105</cusip>
        <identifiers>
          <isin value="BMG0112X1056"/>
          <ticker value="AEGOF"/>
        </identifiers>
        <balance>457600</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2939227.5</valUSD>
        <pctVal>0.2308257338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="214985.780000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Agnico Eagle Mines Ltd</name>
        <lei>YGE0EUBRF7IJOB3QRX76</lei>
        <title>Agnico Eagle Mines Ltd COM NPV</title>
        <cusip>008474108</cusip>
        <identifiers>
          <isin value="CA0084741085"/>
          <ticker value="AEM"/>
        </identifiers>
        <balance>74649.89</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="0.739399"/>
        <valUSD>6013609.01</valUSD>
        <pctVal>0.4722654891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2259375.770000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canon Inc.</name>
        <lei>529900JH1GSC035SSP77</lei>
        <title>Canon Inc. NPV</title>
        <cusip>J05124144</cusip>
        <identifiers>
          <isin value="JP3242800005"/>
          <ticker value="CAJFF"/>
        </identifiers>
        <balance>79900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2631530</valUSD>
        <pctVal>0.2066613909</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>Chiba Bank Ltd.</name>
        <lei>FGJPAKKCTZVSKZXNBS63</lei>
        <title>Chiba Bank Ltd. NPV</title>
        <cusip>J05670104</cusip>
        <identifiers>
          <isin value="JP3511800009"/>
          <ticker value="8331"/>
        </identifiers>
        <balance>486700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>3956057.81</valUSD>
        <pctVal>0.3106802543</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>KOSE Corp.</name>
        <lei>353800NX4GGAVDHHY664</lei>
        <title>KOSE Corp. NPV</title>
        <cusip>J3622S100</cusip>
        <identifiers>
          <isin value="JP3283650004"/>
          <ticker value="KOSCF"/>
        </identifiers>
        <balance>13200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>852371.71</valUSD>
        <pctVal>0.0669391279</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>Citizen Watch Co Ltd</name>
        <lei>529900DUZBKERKGQ2628</lei>
        <title>Citizen Watch Co Ltd NPV</title>
        <cusip>J0793Q103</cusip>
        <identifiers>
          <isin value="JP3352400000"/>
          <ticker value="CHCLF"/>
        </identifiers>
        <balance>360400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2310359.89</valUSD>
        <pctVal>0.1814390064</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2297592.120000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bucher Industries AG</name>
        <lei>52990014AQ91A29HPB27</lei>
        <title>Bucher Industries AG CHF0.20 (REGD)</title>
        <cusip>H10914176</cusip>
        <identifiers>
          <isin value="CH0002432174"/>
          <ticker value="BCHHF"/>
        </identifiers>
        <balance>4800</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>2178739.85</valUSD>
        <pctVal>0.1711025175</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>Zalando SE</name>
        <lei>529900YRFFGH5AXU4S86</lei>
        <title>Zalando SE NPV</title>
        <cusip>D98423102</cusip>
        <identifiers>
          <isin value="DE000ZAL1111"/>
          <ticker value="ZLDSF"/>
        </identifiers>
        <balance>78043</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2579475.57</valUSD>
        <pctVal>0.2025734113</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>Rockwool A/S</name>
        <lei>213800QRC7LNX935OZ09</lei>
        <title>Rockwool A/S SER'B'DKK10</title>
        <cusip>K8254S144</cusip>
        <identifiers>
          <isin value="DK0010219153"/>
          <ticker value="RKWBF"/>
        </identifiers>
        <balance>4000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="0.149331"/>
        <valUSD>1877823.63</valUSD>
        <pctVal>0.1474707274</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>Compania De Distribucion Integral Logista Holdings S.A.U</name>
        <lei>9598000ANNAL42UJ7X28</lei>
        <title>Compania De Distribucion Integral Logista Holdings S.A.U EUR0.2</title>
        <cusip>E0304S106</cusip>
        <identifiers>
          <isin value="ES0105027009"/>
          <ticker value="CDNIF"/>
        </identifiers>
        <balance>85700</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2579695.52</valUSD>
        <pctVal>0.2025906846</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>Rexel, S.A.</name>
        <lei>969500N6AVPA51648T62</lei>
        <title>Rexel, S.A. EUR5</title>
        <cusip>F7782J366</cusip>
        <identifiers>
          <isin value="FR0010451203"/>
          <ticker value="RXLSF"/>
        </identifiers>
        <balance>142200</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>4121915.5</valUSD>
        <pctVal>0.3237055213</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>Airtel Africa PLC</name>
        <lei>254900ZNZDQL6OWQH623</lei>
        <title>Airtel Africa PLC ORD USD0.5</title>
        <cusip>G01415101</cusip>
        <identifiers>
          <isin value="GB00BKDRYJ47"/>
          <ticker value="AAFRF"/>
        </identifiers>
        <balance>1430200</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>2186507.79</valUSD>
        <pctVal>0.1717125555</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>CRH PLC</name>
        <lei>549300MIDJNNTH068E74</lei>
        <title>CRH PLC ORD EUR 0.32</title>
        <cusip>G25508105</cusip>
        <identifiers>
          <isin value="IE0001827041"/>
          <ticker value="CRH"/>
        </identifiers>
        <balance>121765</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11292485.82</valUSD>
        <pctVal>0.8868304091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Haleon PLC</name>
        <lei>549300PSB3WWEODCUP19</lei>
        <title>Haleon PLC ORD GBP0.01</title>
        <cusip>G4232K100</cusip>
        <identifiers>
          <isin value="GB00BMX86B70"/>
          <ticker value="HLNCF"/>
        </identifiers>
        <balance>2310494</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>12086601.64</valUSD>
        <pctVal>0.9491945395</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>Shell PLC</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>Shell PLC ELECTRONIC ELECTION ENTL DIV Q2 2024 (SH</title>
        <cusip>G7690B322</cusip>
        <identifiers>
          <isin value="GB00BR1WB003"/>
          <ticker value="2464781D"/>
        </identifiers>
        <balance>310200</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Laboratories International Holdings Ltd</name>
        <lei>2549007JL3XIH77JXN70</lei>
        <title>United Laboratories International Holdings Ltd HKD0.01</title>
        <cusip>G8813K108</cusip>
        <identifiers>
          <isin value="KYG8813K1085"/>
          <ticker value="ULIHF"/>
        </identifiers>
        <balance>2244000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="0.128636"/>
        <valUSD>2889118.58</valUSD>
        <pctVal>0.2268905406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RIO Tinto Limited</name>
        <lei>529900X2VMAQT2PE0V24</lei>
        <title>RIO Tinto Limited NPV</title>
        <cusip>Q81437107</cusip>
        <identifiers>
          <isin value="AU000000RIO1"/>
          <ticker value="RTNTF"/>
        </identifiers>
        <balance>81400</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>7199435.49</valUSD>
        <pctVal>0.5653917501</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>Daiwa House Industry Co Ltd.</name>
        <lei>353800K9WXR9XRZJZI46</lei>
        <title>Daiwa House Industry Co Ltd. NPV</title>
        <cusip>J11508124</cusip>
        <identifiers>
          <isin value="JP3505000004"/>
          <ticker value="DWAHF"/>
        </identifiers>
        <balance>74800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2354403.5</valUSD>
        <pctVal>0.1848978739</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>Nomura Research Institute Ltd</name>
        <lei>5299005F1HCVF4M4QN79</lei>
        <title>Nomura Research Institute Ltd NPV</title>
        <cusip>J5900F106</cusip>
        <identifiers>
          <isin value="JP3762800005"/>
          <ticker value="NURAF"/>
        </identifiers>
        <balance>168271</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>6244820.7</valUSD>
        <pctVal>0.4904231880</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>Gunma Bank Ltd</name>
        <lei>54930054A69VC4I5BP89</lei>
        <title>Gunma Bank Ltd NPV</title>
        <cusip>J17766106</cusip>
        <identifiers>
          <isin value="JP3276400003"/>
          <ticker value="GMBKF"/>
        </identifiers>
        <balance>443600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2739407.35</valUSD>
        <pctVal>0.2151333001</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>Drax Group PLC</name>
        <lei>549300YPSNTXR4ZHSR98</lei>
        <title>Drax Group PLC ORD GBP0.1155172</title>
        <cusip>G2904K127</cusip>
        <identifiers>
          <isin value="GB00B1VNSX38"/>
          <ticker value="DRXGF"/>
        </identifiers>
        <balance>421000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>3621896.25</valUSD>
        <pctVal>0.2844376149</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>Ocado Group PLC</name>
        <lei>213800LO8F61YB8MBC74</lei>
        <title>Ocado Group PLC ORD GBP0.02</title>
        <cusip>G6718L106</cusip>
        <identifiers>
          <isin value="GB00B3MBS747"/>
          <ticker value="OCDGF"/>
        </identifiers>
        <balance>232728</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>1199867.02</valUSD>
        <pctVal>0.0942289038</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="467967.690000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Croda International PLC</name>
        <lei>2138004WCNBFJEEOXV26</lei>
        <title>Croda International PLC ORD GBP0.10609756</title>
        <cusip>G25536155</cusip>
        <identifiers>
          <isin value="GB00BJFFLV09"/>
          <ticker value="COIHF"/>
        </identifiers>
        <balance>38346</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>2166123.37</valUSD>
        <pctVal>0.1701117101</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>NatWest Group PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NatWest Group PLC ORD GBP1.0769</title>
        <cusip>G6422B147</cusip>
        <identifiers>
          <isin value="GB00BM8PJY71"/>
          <ticker value="RBSPF"/>
        </identifiers>
        <balance>4920043</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>22770043.69</valUSD>
        <pctVal>1.7881950425</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>Resona Holdings Inc.</name>
        <lei>52990067JE75XZCYYT81</lei>
        <title>Resona Holdings Inc. NPV</title>
        <cusip>J6448E106</cusip>
        <identifiers>
          <isin value="JP3500610005"/>
          <ticker value="RSNHF"/>
        </identifiers>
        <balance>1796500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>12588250.57</valUSD>
        <pctVal>0.9885904292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hirose Electric Co Ltd.</name>
        <lei>N/A</lei>
        <title>Hirose Electric Co Ltd. NPV</title>
        <cusip>J19782101</cusip>
        <identifiers>
          <isin value="JP3799000009"/>
          <ticker value="HRSEF"/>
        </identifiers>
        <balance>36179</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>4616981.65</valUSD>
        <pctVal>0.3625844469</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>Kamigumi Co Ltd</name>
        <lei>N/A</lei>
        <title>Kamigumi Co Ltd NPV</title>
        <cusip>J29438165</cusip>
        <identifiers>
          <isin value="JP3219000001"/>
          <ticker value="KMGIF"/>
        </identifiers>
        <balance>97100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2220865.6</valUSD>
        <pctVal>0.1744107701</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>Sumitomo Mitsui Financial Group Inc.</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group Inc. NPV</title>
        <cusip>J7771X109</cusip>
        <identifiers>
          <isin value="JP3890350006"/>
          <ticker value="SMFNF"/>
        </identifiers>
        <balance>110100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2352465.5</valUSD>
        <pctVal>0.1847456774</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>Shell PLC</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>Shell PLC ORD EUR0.07</title>
        <cusip>G80827101</cusip>
        <identifiers>
          <isin value="GB00BP6MXD84"/>
          <ticker value="RYDAF"/>
        </identifiers>
        <balance>310200</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>10061367.44</valUSD>
        <pctVal>0.7901472488</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>AIB Group PLC</name>
        <lei>635400AKJBGNS5WNQL34</lei>
        <title>AIB Group PLC ORD EUR0.625</title>
        <cusip>G0R4HJ106</cusip>
        <identifiers>
          <isin value="IE00BF0L3536"/>
          <ticker value="AIBRF"/>
        </identifiers>
        <balance>2495360</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>14294228.06</valUSD>
        <pctVal>1.1225655999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nitto Electric Industrial Co</name>
        <lei>3538009GX5P09USH2J25</lei>
        <title>Nitto Electric Industrial Co NPV</title>
        <cusip>J58472119</cusip>
        <identifiers>
          <isin value="JP3684000007"/>
          <ticker value="NDEKF"/>
        </identifiers>
        <balance>153500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2583140.1</valUSD>
        <pctVal>0.2028611971</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>Shionogi &amp; Co Ltd.</name>
        <lei>35380049VXDTHZI3DY35</lei>
        <title>Shionogi &amp; Co Ltd. NPV</title>
        <cusip>J74229105</cusip>
        <identifiers>
          <isin value="JP3347200002"/>
          <ticker value="SGIOF"/>
        </identifiers>
        <balance>183900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2636057.13</valUSD>
        <pctVal>0.2070169191</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>Pirelli &amp; C S.p.A.</name>
        <lei>815600A0C9AFC1F2A709</lei>
        <title>Pirelli &amp; C S.p.A. NPV</title>
        <cusip>T76434264</cusip>
        <identifiers>
          <isin value="IT0005278236"/>
          <ticker value="PLLIF"/>
        </identifiers>
        <balance>603400</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3664307.5</valUSD>
        <pctVal>0.2877682887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Itoham Yonekyu Holdings Inc</name>
        <lei>N/A</lei>
        <title>Itoham Yonekyu Holdings Inc NPV</title>
        <cusip>J25898115</cusip>
        <identifiers>
          <isin value="JP3144500000"/>
          <ticker value="IYYFF"/>
        </identifiers>
        <balance>57160</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1542653.99</valUSD>
        <pctVal>0.1211489207</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>Stockland Corp Ltd.</name>
        <lei>N/A</lei>
        <title>Stockland Corp Ltd. NPV (STAPLED)</title>
        <cusip>Q8773B105</cusip>
        <identifiers>
          <isin value="AU000000SGP0"/>
          <ticker value="SGP"/>
        </identifiers>
        <balance>676600</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>2440387.25</valUSD>
        <pctVal>0.1916504176</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>Sumitomo Heavy Industries Ltd</name>
        <lei>353800VSTEIRMBC3S374</lei>
        <title>Sumitomo Heavy Industries Ltd NPV</title>
        <cusip>J77497170</cusip>
        <identifiers>
          <isin value="JP3405400007"/>
          <ticker value="SOHVF"/>
        </identifiers>
        <balance>82200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1988988.54</valUSD>
        <pctVal>0.1562008179</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>United Overseas Bank Ltd.</name>
        <lei>IO66REGK3RCBAMA8HR66</lei>
        <title>United Overseas Bank Ltd. NPV</title>
        <cusip>Y9T10P105</cusip>
        <identifiers>
          <isin value="SG1M31001969"/>
          <ticker value="UOVEF"/>
        </identifiers>
        <balance>139800</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="0.778059"/>
        <valUSD>3489683.38</valUSD>
        <pctVal>0.2740545695</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>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG CHF0.49 (REGD)</title>
        <cusip>H5820Q150</cusip>
        <identifiers>
          <isin value="CH0012005267"/>
          <ticker value="NVSEF"/>
        </identifiers>
        <balance>148700</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>17121672.5</valUSD>
        <pctVal>1.3446126982</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>Seino Holdings Co Ltd.</name>
        <lei>3538001D12EPCPYTTF24</lei>
        <title>Seino Holdings Co Ltd. NPV</title>
        <cusip>J70316138</cusip>
        <identifiers>
          <isin value="JP3415400005"/>
          <ticker value="SEOTF"/>
        </identifiers>
        <balance>44600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>750279.03</valUSD>
        <pctVal>0.0589215049</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="709397.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alps Alpine Co Ltd.</name>
        <lei>529900PWNU4ASLY9VI90</lei>
        <title>Alps Alpine Co Ltd. NPV</title>
        <cusip>J01176114</cusip>
        <identifiers>
          <isin value="JP3126400005"/>
          <ticker value="APELF"/>
        </identifiers>
        <balance>235800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2562031.5</valUSD>
        <pctVal>0.2012034799</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>Roche Holdings AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>Roche Holdings AG GENUSSCHEINE NPV</title>
        <cusip>H69293217</cusip>
        <identifiers>
          <isin value="CH0012032048"/>
          <ticker value="RHHVF"/>
        </identifiers>
        <balance>59266</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>18966142.16</valUSD>
        <pctVal>1.4894640453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>Holcim AG</name>
        <lei>529900EHPFPYHV6IQO98</lei>
        <title>Holcim AG CHF2 (REGD)</title>
        <cusip>H3816Q102</cusip>
        <identifiers>
          <isin value="CH0012214059"/>
          <ticker value="HCMLF"/>
        </identifiers>
        <balance>96500</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>9450521.87</valUSD>
        <pctVal>0.7421758424</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>Okamura Corp</name>
        <lei>N/A</lei>
        <title>Okamura Corp NPV</title>
        <cusip>J60514114</cusip>
        <identifiers>
          <isin value="JP3192400004"/>
          <ticker value="OKAMF"/>
        </identifiers>
        <balance>181700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2522508.59</valUSD>
        <pctVal>0.1980996355</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>Kohnan Shoji Co Ltd</name>
        <lei>N/A</lei>
        <title>Kohnan Shoji Co Ltd NPV</title>
        <cusip>J3479K101</cusip>
        <identifiers>
          <isin value="JP3283750002"/>
          <ticker value="KHJCF"/>
        </identifiers>
        <balance>73400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1955710</valUSD>
        <pctVal>0.1535873613</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>North Pacific Bank Ltd.</name>
        <lei>549300A1ZLTL4KX3DZ92</lei>
        <title>North Pacific Bank Ltd. NPV</title>
        <cusip>J22260111</cusip>
        <identifiers>
          <isin value="JP3843400007"/>
          <ticker value="NPAKF"/>
        </identifiers>
        <balance>22400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>60928.48</valUSD>
        <pctVal>0.0047848835</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="54035.140000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui-Soko Holdings Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Mitsui-Soko Holdings Co. Ltd. NPV</title>
        <cusip>J45314101</cusip>
        <identifiers>
          <isin value="JP3891200002"/>
          <ticker value="MSOKF"/>
        </identifiers>
        <balance>38600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1671702.77</valUSD>
        <pctVal>0.1312834813</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>Eni SpA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>Eni SpA NPV</title>
        <cusip>T3643A145</cusip>
        <identifiers>
          <isin value="IT0003132476"/>
          <ticker value="EIPAF"/>
        </identifiers>
        <balance>173600</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2641770.69</valUSD>
        <pctVal>0.2074656209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yara International ASA</name>
        <lei>213800WKOUWXWFJ5Z514</lei>
        <title>Yara International ASA NOK1.7</title>
        <cusip>R9900C106</cusip>
        <identifiers>
          <isin value="NO0010208051"/>
          <ticker value="YRAIF"/>
        </identifiers>
        <balance>58600</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="0.09476"/>
        <valUSD>1851368.16</valUSD>
        <pctVal>0.1453931056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yokohama Rubber Co Ltd</name>
        <lei>52990036XNWY2FMYWB76</lei>
        <title>Yokohama Rubber Co Ltd NPV</title>
        <cusip>J97536171</cusip>
        <identifiers>
          <isin value="JP3955800002"/>
          <ticker value="YORUF"/>
        </identifiers>
        <balance>108600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2440882.26</valUSD>
        <pctVal>0.1916892921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lion Corp</name>
        <lei>529900MPGS2GM7VPG855</lei>
        <title>Lion Corp NPV</title>
        <cusip>J38933107</cusip>
        <identifiers>
          <isin value="JP3965400009"/>
          <ticker value="LIOPF"/>
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        <balance>173700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1954288.51</valUSD>
        <pctVal>0.1534757277</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>Rohto Pharmaceutical Co Ltd</name>
        <lei>N/A</lei>
        <title>Rohto Pharmaceutical Co Ltd NPV</title>
        <cusip>J65371106</cusip>
        <identifiers>
          <isin value="JP3982400008"/>
          <ticker value="RPHCF"/>
        </identifiers>
        <balance>324900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>8132124.89</valUSD>
        <pctVal>0.6386384502</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Kingboard Holdings Ltd.</name>
        <lei>529900G89MY26MMSDR76</lei>
        <title>Kingboard Holdings Ltd. HKD0.10</title>
        <cusip>G52562140</cusip>
        <identifiers>
          <isin value="KYG525621408"/>
          <ticker value="KBDCF"/>
        </identifiers>
        <balance>710000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="0.128636"/>
        <valUSD>1786042.13</valUSD>
        <pctVal>0.1402628702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WH Group Ltd.</name>
        <lei>254900A4AYEDRWYSE928</lei>
        <title>WH Group Ltd. USD0.0001</title>
        <cusip>G96007102</cusip>
        <identifiers>
          <isin value="KYG960071028"/>
          <ticker value="WHGRF"/>
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        <balance>5235500</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="0.128636"/>
        <valUSD>4123476.18</valUSD>
        <pctVal>0.3238280859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Euronext N.V.</name>
        <lei>724500QJ4QSZ3H9QU415</lei>
        <title>Euronext N.V. EUR1.60</title>
        <cusip>N3113K397</cusip>
        <identifiers>
          <isin value="NL0006294274"/>
          <ticker value="EUXTF"/>
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        <balance>67671</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>7345504.5</valUSD>
        <pctVal>0.5768629569</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>
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      </invstOrSec>
      <invstOrSec>
        <name>BAWAG Group AG</name>
        <lei>529900S9YO2JHTIIDG38</lei>
        <title>BAWAG Group AG NPV</title>
        <cusip>A0997C107</cusip>
        <identifiers>
          <isin value="AT0000BAWAG2"/>
          <ticker value="BWAGF"/>
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        <balance>53400</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>4137276.62</valUSD>
        <pctVal>0.3249118729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Helia Group Ltd.</name>
        <lei>529900RUQ2G0JXJOF423</lei>
        <title>Helia Group Ltd. NPV</title>
        <cusip>Q3983N155</cusip>
        <identifiers>
          <isin value="AU0000251498"/>
          <ticker value="HLIGF"/>
        </identifiers>
        <balance>1040900</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>2906804.25</valUSD>
        <pctVal>0.2282794456</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Signify NV</name>
        <lei>549300072P3J1X8NZO35</lei>
        <title>Signify NV EUR0.01</title>
        <cusip>N8063K107</cusip>
        <identifiers>
          <isin value="NL0011821392"/>
          <ticker value="SFFYF"/>
        </identifiers>
        <balance>92300</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2177318</valUSD>
        <pctVal>0.1709908556</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ASML Holding N.V.</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML Holding N.V. EUR0.09</title>
        <cusip>N07059202</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
          <ticker value="ASMLF"/>
        </identifiers>
        <balance>5602</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>4660091.04</valUSD>
        <pctVal>0.3659699476</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>ING Groep N.V.</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING Groep N.V. EUR0.01</title>
        <cusip>N4578E595</cusip>
        <identifiers>
          <isin value="NL0011821202"/>
          <ticker value="INGVF"/>
        </identifiers>
        <balance>219900</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3989657.25</valUSD>
        <pctVal>0.3133189120</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Stellantis N.V</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>Stellantis N.V COM EUR0.01</title>
        <cusip>N82405106</cusip>
        <identifiers>
          <isin value="NL00150001Q9"/>
          <ticker value="STLA"/>
        </identifiers>
        <balance>166012</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2302302.25</valUSD>
        <pctVal>0.1808062174</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>Jyske Bank AS</name>
        <lei>3M5E1GQGKL17HI6CPN30</lei>
        <title>Jyske Bank AS DKK10</title>
        <cusip>K55633117</cusip>
        <identifiers>
          <isin value="DK0010307958"/>
          <ticker value="JYSKF"/>
        </identifiers>
        <balance>10068</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="0.149331"/>
        <valUSD>783600.95</valUSD>
        <pctVal>0.0615383683</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>Sydbank AS</name>
        <lei>GP5DT10VX1QRQUKVBK64</lei>
        <title>Sydbank AS DKK10</title>
        <cusip>K9419V113</cusip>
        <identifiers>
          <isin value="DK0010311471"/>
          <ticker value="SYANF"/>
        </identifiers>
        <balance>100585</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="0.149331"/>
        <valUSD>4950981.79</valUSD>
        <pctVal>0.3888144095</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>Schindler Holding AG</name>
        <lei>5299007DRLI319H7Q933</lei>
        <title>Schindler Holding AG CHF0.10 (PTG CERT)</title>
        <cusip>H7258G209</cusip>
        <identifiers>
          <isin value="CH0024638196"/>
          <ticker value="SHLAF"/>
        </identifiers>
        <balance>16156</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>4741853.98</valUSD>
        <pctVal>0.3723910193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TotalEnergies SE</name>
        <lei>529900S21EQ1BO4ESM68</lei>
        <title>TotalEnergies SE EUR2.5</title>
        <cusip>F92124100</cusip>
        <identifiers>
          <isin value="FR0000120271"/>
          <ticker value="TTFNF"/>
        </identifiers>
        <balance>413788</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>26869515.64</valUSD>
        <pctVal>2.1101380093</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>Mowi ASA</name>
        <lei>549300W1OGQF5LZIH349</lei>
        <title>Mowi ASA NOK7.50</title>
        <cusip>R4S04H101</cusip>
        <identifiers>
          <isin value="NO0003054108"/>
          <ticker value="MNHVF"/>
        </identifiers>
        <balance>87100</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="0.09476"/>
        <valUSD>1564608.13</valUSD>
        <pctVal>0.1228730405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inghams Group Ltd.</name>
        <lei>529900ZZ4VRHSGVBNE41</lei>
        <title>Inghams Group Ltd. NPV</title>
        <cusip>Q4912E100</cusip>
        <identifiers>
          <isin value="AU000000ING6"/>
          <ticker value="INGGF"/>
        </identifiers>
        <balance>1028800</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>2092873.51</valUSD>
        <pctVal>0.1643591943</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="27463.730000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Woodside Energy Group Ltd.</name>
        <lei>2549005ZC5RXAOO7FH41</lei>
        <title>Woodside Energy Group Ltd. NPV</title>
        <cusip>Q98327333</cusip>
        <identifiers>
          <isin value="AU0000224040"/>
          <ticker value="WOPEF"/>
        </identifiers>
        <balance>480704</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>8285988.11</valUSD>
        <pctVal>0.6507217581</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>
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      </invstOrSec>
      <invstOrSec>
        <name>DnB Bank ASA</name>
        <lei>549300GKFG0RYRRQ1414</lei>
        <title>DnB Bank ASA NOK12.50</title>
        <cusip>R1R15X100</cusip>
        <identifiers>
          <isin value="NO0010161896"/>
          <ticker value="DNBBF"/>
        </identifiers>
        <balance>113800</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="0.09476"/>
        <valUSD>2333702.75</valUSD>
        <pctVal>0.1832721863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Epiroc AB</name>
        <lei>5493004Q73OEYW1SPE91</lei>
        <title>Epiroc AB SER'A'NPV</title>
        <cusip>W25918124</cusip>
        <identifiers>
          <isin value="SE0015658109"/>
          <ticker value="EPIAF"/>
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        <balance>216827</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="0.098465"/>
        <valUSD>4696357.33</valUSD>
        <pctVal>0.3688180405</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>Cargotec Oyj</name>
        <lei>5493002B0GOVF42KWX33</lei>
        <title>Cargotec Oyj SER'B'NPV</title>
        <cusip>X10788184</cusip>
        <identifiers>
          <isin value="FI4000571013"/>
          <ticker value="CYJBF"/>
        </identifiers>
        <balance>38300</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2237417.5</valUSD>
        <pctVal>0.1757106370</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>Kalmar Oyj</name>
        <lei>636700Z25ZQXLMZ3CY73</lei>
        <title>Kalmar Oyj SER'B'NPV</title>
        <cusip>X4S8SE108</cusip>
        <identifiers>
          <isin value="FI4000571054"/>
          <ticker value="KALMAR"/>
        </identifiers>
        <balance>38300</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1245097.88</valUSD>
        <pctVal>0.0977810094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Galp Energia SGPS SA</name>
        <lei>2138003319Y7NM75FG53</lei>
        <title>Galp Energia SGPS SA EUR1</title>
        <cusip>X3078L108</cusip>
        <identifiers>
          <isin value="PTGAL0AM0009"/>
          <ticker value="GLPEF"/>
        </identifiers>
        <balance>179828</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3365908.15</valUSD>
        <pctVal>0.2643341554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aker BP ASA</name>
        <lei>549300NFTY73920OYK69</lei>
        <title>Aker BP ASA NOK1</title>
        <cusip>R0139K100</cusip>
        <identifiers>
          <isin value="NO0010345853"/>
          <ticker value="AKRBF"/>
        </identifiers>
        <balance>225872</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="0.09476"/>
        <valUSD>4834342.45</valUSD>
        <pctVal>0.3796543968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Volvo AB</name>
        <lei>549300HGV012CNC8JD22</lei>
        <title>Volvo AB SER'B'NPV</title>
        <cusip>928856301</cusip>
        <identifiers>
          <isin value="SE0000115446"/>
          <ticker value="VOLVF"/>
        </identifiers>
        <balance>312100</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="0.098465"/>
        <valUSD>8255730.47</valUSD>
        <pctVal>0.6483455412</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>Julius Baer Gruppe AG</name>
        <lei>5299007MF0604ZGJER92</lei>
        <title>Julius Baer Gruppe AG CHF0.02 (REGD)</title>
        <cusip>H4414N103</cusip>
        <identifiers>
          <isin value="CH0102484968"/>
          <ticker value="JBARF"/>
        </identifiers>
        <balance>92535</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>5580224.3</valUSD>
        <pctVal>0.4382305790</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>Swiss Reinsurance Company Limited</name>
        <lei>529900PS9YW3YY29F326</lei>
        <title>Swiss Reinsurance Company Limited CHF0.10</title>
        <cusip>H8431B109</cusip>
        <identifiers>
          <isin value="CH0126881561"/>
          <ticker value="SSREF"/>
        </identifiers>
        <balance>54800</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>7583196.19</valUSD>
        <pctVal>0.5955295483</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>Otsuka Holdings Co Ltd.</name>
        <lei>N/A</lei>
        <title>Otsuka Holdings Co Ltd. NPV</title>
        <cusip>J63117105</cusip>
        <identifiers>
          <isin value="JP3188220002"/>
          <ticker value="OTSKF"/>
        </identifiers>
        <balance>54800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>3112592.07</valUSD>
        <pctVal>0.2444405371</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>Hiscox Ltd</name>
        <lei>5493007JXOLJ0QCY2D70</lei>
        <title>Hiscox Ltd ORD GBP0.065 (DI)</title>
        <cusip>G4593F138</cusip>
        <identifiers>
          <isin value="BMG4593F1389"/>
          <ticker value="HCXLF"/>
        </identifiers>
        <balance>217932</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>3336125.01</valUSD>
        <pctVal>0.2619952024</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>Compagnie Financiere Richemont Sa</name>
        <lei>549300YIPGJ6UX2QPS51</lei>
        <title>Compagnie Financiere Richemont Sa CHF1 (REGD)</title>
        <cusip>H25662182</cusip>
        <identifiers>
          <isin value="CH0210483332"/>
          <ticker value="CFRHF"/>
        </identifiers>
        <balance>20352</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>3231984.99</valUSD>
        <pctVal>0.2538167961</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>Sandoz Group AG</name>
        <lei>5493000JWK6XWFEUD320</lei>
        <title>Sandoz Group AG CHF0.05</title>
        <cusip>H7140B103</cusip>
        <identifiers>
          <isin value="CH1243598427"/>
          <ticker value="SDZXF"/>
        </identifiers>
        <balance>43880</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>1828607.38</valUSD>
        <pctVal>0.1436056380</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>Knorr-Bremse AG</name>
        <lei>5299001GRRO0Z25YZT52</lei>
        <title>Knorr-Bremse AG NPV</title>
        <cusip>D4S43E114</cusip>
        <identifiers>
          <isin value="DE000KBX1006"/>
          <ticker value="KNBHF"/>
        </identifiers>
        <balance>61888</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>5514530.21</valUSD>
        <pctVal>0.4330714388</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>DFDS AS</name>
        <lei>549300JZVW1Y1UZ5UK38</lei>
        <title>DFDS AS DKK20</title>
        <cusip>K29758164</cusip>
        <identifiers>
          <isin value="DK0060655629"/>
          <ticker value="DFDDF"/>
        </identifiers>
        <balance>25700</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="0.149331"/>
        <valUSD>657342.72</valUSD>
        <pctVal>0.0516229573</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>Scandinavian Tobacco Group A/s</name>
        <lei>5299003KG4JS99TRML67</lei>
        <title>Scandinavian Tobacco Group A/s DKK1</title>
        <cusip>K8553U105</cusip>
        <identifiers>
          <isin value="DK0060696300"/>
          <ticker value="SNDVF"/>
        </identifiers>
        <balance>124000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="0.149331"/>
        <valUSD>1903547.38</valUSD>
        <pctVal>0.1494908852</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>International Consolidated Airlines Group S.A.</name>
        <lei>959800TZHQRUSH1ESL13</lei>
        <title>International Consolidated Airlines Group S.A. ORD EUR0.10 (CDI)</title>
        <cusip>E67674106</cusip>
        <identifiers>
          <isin value="ES0177542018"/>
          <ticker value="BABWF"/>
        </identifiers>
        <balance>440100</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.113152"/>
        <valUSD>1006066.56</valUSD>
        <pctVal>0.0790092131</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>Dassault Systemes</name>
        <lei>96950065LBWY0APQIM86</lei>
        <title>Dassault Systemes EUR0.10</title>
        <cusip>F24571451</cusip>
        <identifiers>
          <isin value="FR0014003TT8"/>
          <ticker value="DASTF"/>
        </identifiers>
        <balance>79994</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3177430.52</valUSD>
        <pctVal>0.2495324814</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>Tokmanni Group Oyj</name>
        <lei>743700VMG6KWF0FW1560</lei>
        <title>Tokmanni Group Oyj NPV</title>
        <cusip>X9078R102</cusip>
        <identifiers>
          <isin value="FI4000197934"/>
          <ticker value="TOKMAN"/>
        </identifiers>
        <balance>112500</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1386291.52</valUSD>
        <pctVal>0.1088693398</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="112546.230000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nordea Bank ABP</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>Nordea Bank ABP NPV</title>
        <cusip>X5S8VL105</cusip>
        <identifiers>
          <isin value="FI4000297767"/>
          <ticker value="NBNKF"/>
        </identifiers>
        <balance>244400</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2885206</valUSD>
        <pctVal>0.2265832748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Verallia</name>
        <lei>5299007YZU978DE0ZY32</lei>
        <title>Verallia EUR3.38</title>
        <cusip>F96976117</cusip>
        <identifiers>
          <isin value="FR0013447729"/>
          <ticker value="VRLAF"/>
        </identifiers>
        <balance>62900</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1840947.49</valUSD>
        <pctVal>0.1445747413</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>Compagnie Generale des Etablissements Michelin</name>
        <lei>549300SOSI58J6VIW052</lei>
        <title>Compagnie Generale des Etablissements Michelin EUR0.50 (POST SUBDIVISION)</title>
        <cusip>F61824870</cusip>
        <identifiers>
          <isin value="FR001400AJ45"/>
          <ticker value="MGDDF"/>
        </identifiers>
        <balance>90400</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3671448</valUSD>
        <pctVal>0.2883290521</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>Aviva PLC</name>
        <lei>YF0Y5B0IB8SM0ZFG9G81</lei>
        <title>Aviva PLC ORD GBP0.328947368</title>
        <cusip>G0683Q158</cusip>
        <identifiers>
          <isin value="GB00BPQY8M80"/>
          <ticker value="AIVAF"/>
        </identifiers>
        <balance>359400</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>2327270.82</valUSD>
        <pctVal>0.1827670689</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>PAX Global Technology Ltd.</name>
        <lei>5299008CRGPD1WZXCD36</lei>
        <title>PAX Global Technology Ltd. HKD0.10</title>
        <cusip>G6955J103</cusip>
        <identifiers>
          <isin value="BMG6955J1036"/>
          <ticker value="PXGYF"/>
        </identifiers>
        <balance>2174000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="0.128636"/>
        <valUSD>1452869.4</valUSD>
        <pctVal>0.1140978864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qinetiq Group PLC</name>
        <lei>213800S8OBDOZMCMUW34</lei>
        <title>Qinetiq Group PLC ORD GBP0.01</title>
        <cusip>G7303P106</cusip>
        <identifiers>
          <isin value="GB00B0WMWD03"/>
          <ticker value="QNTQF"/>
        </identifiers>
        <balance>227900</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>1372753.67</valUSD>
        <pctVal>0.1078061747</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>Pets At Home Group PLC</name>
        <lei>2138003Y9ULD24PD3J93</lei>
        <title>Pets At Home Group PLC ORD GBP0.01</title>
        <cusip>G7041J107</cusip>
        <identifiers>
          <isin value="GB00BJ62K685"/>
          <ticker value="PAHGF"/>
        </identifiers>
        <balance>415400</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>1694988.92</valUSD>
        <pctVal>0.1331122077</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>Computacenter PLC</name>
        <lei>549300XSXUZ1I19DB105</lei>
        <title>Computacenter PLC ORD GBP0.075555</title>
        <cusip>G23356150</cusip>
        <identifiers>
          <isin value="GB00BV9FP302"/>
          <ticker value="CUUCF"/>
        </identifiers>
        <balance>65200</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>2155851.64</valUSD>
        <pctVal>0.1693050425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Spirax Group PLC</name>
        <lei>213800WFVZQMHOZP2W17</lei>
        <title>Spirax Group PLC ORD GBP0.269230769</title>
        <cusip>G83561129</cusip>
        <identifiers>
          <isin value="GB00BWFGQN14"/>
          <ticker value="SPXSF"/>
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        <balance>29512</balance>
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        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>2972981.32</valUSD>
        <pctVal>0.2334765155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ezaki Glico Co., Ltd.</name>
        <lei>3538001RG4BHKDFV6G61</lei>
        <title>Ezaki Glico Co., Ltd. NPV</title>
        <cusip>J13314109</cusip>
        <identifiers>
          <isin value="JP3161200005"/>
          <ticker value="EZKGF"/>
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        <balance>83300</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2546071.16</valUSD>
        <pctVal>0.1999500698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>K's Holdings Corp</name>
        <lei>3538003LJ09YLR6NHG27</lei>
        <title>K's Holdings Corp NPV</title>
        <cusip>J3672R101</cusip>
        <identifiers>
          <isin value="JP3277150003"/>
          <ticker value="8282"/>
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        <balance>116900</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1257813.06</valUSD>
        <pctVal>0.0987795680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Megmilk Snow Brand</name>
        <lei>N/A</lei>
        <title>Megmilk Snow Brand NPV</title>
        <cusip>J41966102</cusip>
        <identifiers>
          <isin value="JP3947800003"/>
          <ticker value="MMSBF"/>
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        <balance>58700</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1106289.39</valUSD>
        <pctVal>0.0868799915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nippo Soda Co Ltd.</name>
        <lei>N/A</lei>
        <title>Nippo Soda Co Ltd. NPV</title>
        <cusip>J55870109</cusip>
        <identifiers>
          <isin value="JP3726200003"/>
          <ticker value="NSDFF"/>
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        <balance>95400</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1662810.94</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tokuyama Corp</name>
        <lei>529900MHGZKHNMNCQB62</lei>
        <title>Tokuyama Corp NPV</title>
        <cusip>J86506110</cusip>
        <identifiers>
          <isin value="JP3625000009"/>
          <ticker value="TKYMF"/>
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        <balance>115600</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2339761.6</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Takeuchi Mfg Co Ltd</name>
        <lei>N/A</lei>
        <title>Takeuchi Mfg Co Ltd NPV</title>
        <cusip>J8135G105</cusip>
        <identifiers>
          <isin value="JP3462660006"/>
          <ticker value="TKUGF"/>
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        <balance>41500</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1291494.76</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dts Corporation</name>
        <lei>529900WBOTPBINBCF151</lei>
        <title>Dts Corporation NPV</title>
        <cusip>J1261S100</cusip>
        <identifiers>
          <isin value="JP3548500002"/>
          <ticker value="9682"/>
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        <balance>35600</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1005875.17</valUSD>
        <pctVal>0.0789941827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Japan Post Holdings Co Ltd.</name>
        <lei>5299003D9N4JBS256X18</lei>
        <title>Japan Post Holdings Co Ltd. NPV</title>
        <cusip>J2800D109</cusip>
        <identifiers>
          <isin value="JP3752900005"/>
          <ticker value="JPHLF"/>
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        <balance>486800</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>4667998.41</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rengo Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Rengo Co., Ltd. NPV</title>
        <cusip>J64382104</cusip>
        <identifiers>
          <isin value="JP3981400009"/>
          <ticker value="RNGOF"/>
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        <balance>266700</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1863151.41</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CK Hutchison Holdings Ltd.</name>
        <lei>254900Z8HM1VEPOQ2G79</lei>
        <title>CK Hutchison Holdings Ltd. HKD1</title>
        <cusip>G21765105</cusip>
        <identifiers>
          <isin value="KYG217651051"/>
          <ticker value="CKHUF"/>
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        <balance>357000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="0.128636"/>
        <valUSD>2024088.44</valUSD>
        <pctVal>0.1589573109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TKH Group NV</name>
        <lei>7245008G22FOV7TYYJ34</lei>
        <title>TKH Group NV CVA EUR0.25</title>
        <cusip>N8661A121</cusip>
        <identifiers>
          <isin value="NL0000852523"/>
          <ticker value="TWEKA"/>
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        <balance>30500</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1284484.7</valUSD>
        <pctVal>0.1008741663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NN Group N.V.</name>
        <lei>724500OHYNDT9OY6Q215</lei>
        <title>NN Group N.V. EUR0.12</title>
        <cusip>N64038107</cusip>
        <identifiers>
          <isin value="NL0010773842"/>
          <ticker value="NNGPF"/>
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        <balance>77200</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3851986.95</valUSD>
        <pctVal>0.3025072794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Koninklijke Ahold Delhaize NV</name>
        <lei>724500C9GNBV20UYRX36</lei>
        <title>Koninklijke Ahold Delhaize NV EUR0.01</title>
        <cusip>N0074E105</cusip>
        <identifiers>
          <isin value="NL0011794037"/>
          <ticker value="AHODF"/>
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        <balance>169000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>5837446.5</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Iveco Group NV</name>
        <lei>549300ZWF2ZJDD9EOR96</lei>
        <title>Iveco Group NV EUR0.01</title>
        <cusip>N47017103</cusip>
        <identifiers>
          <isin value="NL0015000LU4"/>
          <ticker value="IVCGF"/>
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        <balance>99382</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1000479.02</valUSD>
        <pctVal>0.0785704080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Betsson AB (publ)</name>
        <lei>549300W61XW8OFGBG077</lei>
        <title>Betsson AB (publ) NPV B (RED SHS 26/09/2024)</title>
        <cusip>W1556V177</cusip>
        <identifiers>
          <isin value="SE0022726469"/>
          <ticker value="BETS IL B"/>
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        <balance>214000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="0.098465"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Internet AG</name>
        <lei>3VEKWPJHTD4NKMBVG947</lei>
        <title>United Internet AG NPV</title>
        <cusip>D8542B125</cusip>
        <identifiers>
          <isin value="DE0005089031"/>
          <ticker value="UDIRF"/>
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        <balance>69200</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1423479.88</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Indra Sistemas S.A.</name>
        <lei>95980020140005308793</lei>
        <title>Indra Sistemas S.A. EUR0.20 SER 'A'</title>
        <cusip>E6271Z155</cusip>
        <identifiers>
          <isin value="ES0118594417"/>
          <ticker value="ISMAF"/>
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        <balance>180100</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3310579.75</valUSD>
        <pctVal>0.2599890618</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>
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      </invstOrSec>
      <invstOrSec>
        <name>SAP SE</name>
        <lei>529900D6BF99LW9R2E68</lei>
        <title>SAP SE ORD NPV</title>
        <cusip>D66992104</cusip>
        <identifiers>
          <isin value="DE0007164600"/>
          <ticker value="SAPGF"/>
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        <balance>63054</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>14422531.24</valUSD>
        <pctVal>1.1326416065</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Bayer AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>Bayer AG NPV (REGD)</title>
        <cusip>D0712D163</cusip>
        <identifiers>
          <isin value="DE000BAY0017"/>
          <ticker value="BAYZF"/>
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        <balance>112061</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3791224.2</valUSD>
        <pctVal>0.2977354111</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>Komatsu Ltd.</name>
        <lei>5493004LQ0B4T7QPQV17</lei>
        <title>Komatsu Ltd. NPV</title>
        <cusip>J35759125</cusip>
        <identifiers>
          <isin value="JP3304200003"/>
          <ticker value="KMTUF"/>
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        <balance>114300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>3199797.63</valUSD>
        <pctVal>0.2512890330</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>BlueScope Steel (Finance) Ltd / BlueScope Steel Finance (USA) LLC</name>
        <lei>529900H6UQI16XACWC95</lei>
        <title>BlueScope Steel (Finance) Ltd / BlueScope Steel Finance (USA) LLC NPV</title>
        <cusip>Q1415L177</cusip>
        <identifiers>
          <isin value="AU000000BSL0"/>
          <ticker value="BLSFF"/>
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        <balance>249300</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>3805533.25</valUSD>
        <pctVal>0.2988591407</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>Nice Limited</name>
        <lei>254900YTY4EF5Z4W0A51</lei>
        <title>Nice Limited SPONSORED ADR</title>
        <cusip>653656108</cusip>
        <identifiers>
          <isin value="US6536561086"/>
          <ticker value="NICE"/>
        </identifiers>
        <balance>20215</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3510739.08</valUSD>
        <pctVal>0.2757081323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Marubeni Corp.</name>
        <lei>4P4N3ORD02UGQT1T1W12</lei>
        <title>Marubeni Corp. NPV</title>
        <cusip>J39788138</cusip>
        <identifiers>
          <isin value="JP3877600001"/>
          <ticker value="MARUF"/>
        </identifiers>
        <balance>157100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2595582.79</valUSD>
        <pctVal>0.2038383563</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Mizuho Financial Group Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group Inc. NPV</title>
        <cusip>J4599L102</cusip>
        <identifiers>
          <isin value="JP3885780001"/>
          <ticker value="MZHOF"/>
        </identifiers>
        <balance>153100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>3164705</valUSD>
        <pctVal>0.2485331108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Electric Corp.</name>
        <lei>549300TRXM9Y6561AX39</lei>
        <title>Mitsubishi Electric Corp. NPV</title>
        <cusip>J43873116</cusip>
        <identifiers>
          <isin value="JP3902400005"/>
          <ticker value="MIELF"/>
        </identifiers>
        <balance>621700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>10084562.77</valUSD>
        <pctVal>0.7919688428</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsui &amp; Co Ltd.</name>
        <lei>2NRSB4GOU9DD6CNW5R48</lei>
        <title>Mitsui &amp; Co Ltd. NPV</title>
        <cusip>J44690139</cusip>
        <identifiers>
          <isin value="JP3893600001"/>
          <ticker value="MITSF"/>
        </identifiers>
        <balance>84000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1878579.27</valUSD>
        <pctVal>0.1475300699</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Nippon Telegraph &amp; Telephone Corp.</name>
        <lei>353800VHQU5VIXVUA841</lei>
        <title>Nippon Telegraph &amp; Telephone Corp. NPV</title>
        <cusip>J59396101</cusip>
        <identifiers>
          <isin value="JP3735400008"/>
          <ticker value="NPPXF"/>
        </identifiers>
        <balance>1726600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1770085</valUSD>
        <pctVal>0.1390097123</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="66937.780000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nomura Holdings Inc.</name>
        <lei>549300B3CEAHYG7K8164</lei>
        <title>Nomura Holdings Inc. NPV</title>
        <cusip>J58646100</cusip>
        <identifiers>
          <isin value="JP3762600009"/>
          <ticker value="NRSCF"/>
        </identifiers>
        <balance>473800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2472755.41</valUSD>
        <pctVal>0.1941923795</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>Olympus Corp.</name>
        <lei>5299000Y52IFDI1I2A21</lei>
        <title>Olympus Corp. NPV</title>
        <cusip>J61240107</cusip>
        <identifiers>
          <isin value="JP3201200007"/>
          <ticker value="OCPNF"/>
        </identifiers>
        <balance>219000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>4163037.88</valUSD>
        <pctVal>0.3269349765</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>ONO Pharmaceutical Co Ltd</name>
        <lei>529900G26L4NG4GFJZ86</lei>
        <title>ONO Pharmaceutical Co Ltd NPV</title>
        <cusip>J61546115</cusip>
        <identifiers>
          <isin value="JP3197600004"/>
          <ticker value="OPHLF"/>
        </identifiers>
        <balance>218400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2931655.47</valUSD>
        <pctVal>0.2302310812</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2107921.450000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORIX Corp.</name>
        <lei>35380016EMHNBOVYE123</lei>
        <title>ORIX Corp. NPV</title>
        <cusip>J61933123</cusip>
        <identifiers>
          <isin value="JP3200450009"/>
          <ticker value="ORXCF"/>
        </identifiers>
        <balance>200700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>4696150.39</valUSD>
        <pctVal>0.3688017889</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>QBE Insurance Group Ltd.</name>
        <lei>549300D2FBW76FPUSG65</lei>
        <title>QBE Insurance Group Ltd. NPV</title>
        <cusip>Q78063114</cusip>
        <identifiers>
          <isin value="AU000000QBE9"/>
          <ticker value="QBEIF"/>
        </identifiers>
        <balance>279400</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>3190329.61</valUSD>
        <pctVal>0.2505454829</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>Samsung Electronics Co Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co Ltd. KRW100</title>
        <cusip>Y74718100</cusip>
        <identifiers>
          <isin value="KR7005930003"/>
          <ticker value="SSNLF"/>
        </identifiers>
        <balance>245539</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="0.000765"/>
        <valUSD>11476196.07</valUSD>
        <pctVal>0.9012576875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Corp.</name>
        <lei>V82KK8NH1P0JS71FJC05</lei>
        <title>Sumitomo Corp. NPV</title>
        <cusip>J77282119</cusip>
        <identifiers>
          <isin value="JP3404600003"/>
          <ticker value="SSUMF"/>
        </identifiers>
        <balance>119900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2692480.77</valUSD>
        <pctVal>0.2114480249</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2680460.600000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Agilent Technologies Inc.</name>
        <lei>QUIX8Y7A2WP0XRMW7G29</lei>
        <title>Agilent Technologies Inc. COM USD0.01</title>
        <cusip>00846U101</cusip>
        <identifiers>
          <isin value="US00846U1016"/>
          <ticker value="A"/>
        </identifiers>
        <balance>64178</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9529149.48</valUSD>
        <pctVal>0.7483506879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Analog Devices Inc.</name>
        <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
        <title>Analog Devices Inc. COM USD0.16 2/3</title>
        <cusip>032654105</cusip>
        <identifiers>
          <isin value="US0326541051"/>
          <ticker value="ADI"/>
        </identifiers>
        <balance>33052</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7607578.99</valUSD>
        <pctVal>0.5974443976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yokogawa Electric Corporation</name>
        <lei>529900MV0U7C9WWF4L22</lei>
        <title>Yokogawa Electric Corporation NPV</title>
        <cusip>J97272124</cusip>
        <identifiers>
          <isin value="JP3955000009"/>
          <ticker value="YOKEF"/>
        </identifiers>
        <balance>67500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1729677.94</valUSD>
        <pctVal>0.1358364331</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>Axa SA</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
        <title>Axa SA EUR2.29</title>
        <cusip>F06106102</cusip>
        <identifiers>
          <isin value="FR0000120628"/>
          <ticker value="AXAHF"/>
        </identifiers>
        <balance>140600</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>5412669.25</valUSD>
        <pctVal>0.4250720135</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>FirstGroup PLC</name>
        <lei>549300DEJZCPWA4HKM93</lei>
        <title>FirstGroup PLC ORD GBP0.05</title>
        <cusip>G34604101</cusip>
        <identifiers>
          <isin value="GB0003452173"/>
          <ticker value="FGROF"/>
        </identifiers>
        <balance>915400</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>1786815.02</valUSD>
        <pctVal>0.1403235674</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>Associated British Foods PLC</name>
        <lei>GBQKSY6W7G0OHCQ8OQ72</lei>
        <title>Associated British Foods PLC ORD 5 15/22P</title>
        <cusip>G05600138</cusip>
        <identifiers>
          <isin value="GB0006731235"/>
          <ticker value="ASBFF"/>
        </identifiers>
        <balance>121685</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>3801358.36</valUSD>
        <pctVal>0.2985312750</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>EssilorLuxottica SA</name>
        <lei>549300M3VH1A3ER1TB49</lei>
        <title>EssilorLuxottica SA EUR0.18</title>
        <cusip>F31665106</cusip>
        <identifiers>
          <isin value="FR0000121667"/>
          <ticker value="ESLOF"/>
        </identifiers>
        <balance>39413</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>9337917.86</valUSD>
        <pctVal>0.7333327354</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>Compagnie de Saint-Gobain SA</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
        <title>Compagnie de Saint-Gobain SA EUR4</title>
        <cusip>F80343100</cusip>
        <identifiers>
          <isin value="FR0000125007"/>
          <ticker value="CODGF"/>
        </identifiers>
        <balance>181348</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>16539423.01</valUSD>
        <pctVal>1.2988870217</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>BP PLC</name>
        <lei>213800LH1BZH3DI6G760</lei>
        <title>BP PLC ORD USD0.25</title>
        <cusip>G12793108</cusip>
        <identifiers>
          <isin value="GB0007980591"/>
          <ticker value="BPAQF"/>
        </identifiers>
        <balance>715500</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>3731246.78</valUSD>
        <pctVal>0.2930252170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lloyds Banking Group PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>Lloyds Banking Group PLC ORD GBP0.1</title>
        <cusip>G5533W248</cusip>
        <identifiers>
          <isin value="GB0008706128"/>
          <ticker value="LLDTF"/>
        </identifiers>
        <balance>11049992</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>8685583.15</valUSD>
        <pctVal>0.6821030711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Novonesis (Novozymes) B</name>
        <lei>529900T6WNZXD2R3JW38</lei>
        <title>Novonesis (Novozymes) B SER'B'DKK2</title>
        <cusip>K7317J133</cusip>
        <identifiers>
          <isin value="DK0060336014"/>
          <ticker value="NVZMF"/>
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        <balance>53451</balance>
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        <currencyConditional curCd="DKK" exchangeRt="0.149331"/>
        <valUSD>3848227.85</valUSD>
        <pctVal>0.3022120668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ProSiebenSat.1 Media SE</name>
        <lei>529900NY0WWQUKOMWQ37</lei>
        <title>ProSiebenSat.1 Media SE NPV</title>
        <cusip>D6216S143</cusip>
        <identifiers>
          <isin value="DE000PSM7770"/>
          <ticker value="PBSFF"/>
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        <balance>224800</balance>
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        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
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        <pctVal>0.1146422773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bruker Corporation</name>
        <lei>LEBZ6VLQ6I8XB1NHVY15</lei>
        <title>Bruker Corporation COM USD0.01</title>
        <cusip>116794108</cusip>
        <identifiers>
          <isin value="US1167941087"/>
          <ticker value="BRKR"/>
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        <balance>76276</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5267620.49</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BT Group PLC</name>
        <lei>213800LRO7NS5CYQMN21</lei>
        <title>BT Group PLC ORD GBP0.05</title>
        <cusip>G16612106</cusip>
        <identifiers>
          <isin value="GB0030913577"/>
          <ticker value="BTGOF"/>
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        <balance>2511000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>4975302.88</valUSD>
        <pctVal>0.3907244126</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>
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      <invstOrSec>
        <name>Tesco PLC</name>
        <lei>2138002P5RNKC5W2JZ46</lei>
        <title>Tesco PLC ORD GBP0.0633333</title>
        <cusip>G8T67X102</cusip>
        <identifiers>
          <isin value="GB00BLGZ9862"/>
          <ticker value="TSCDF"/>
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        <balance>1283400</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>6160290.98</valUSD>
        <pctVal>0.4837848333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sankyu Inc</name>
        <lei>529900QWTXZZEM1T5G75</lei>
        <title>Sankyu Inc NPV</title>
        <cusip>J68037100</cusip>
        <identifiers>
          <isin value="JP3326000001"/>
          <ticker value="SNKUF"/>
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        <balance>32200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1087482.5</valUSD>
        <pctVal>0.0854030340</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>
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      <invstOrSec>
        <name>LVMH Moet Hennessy Vuitton SE</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH Moet Hennessy Vuitton SE EUR0.30</title>
        <cusip>F58485115</cusip>
        <identifiers>
          <isin value="FR0000121014"/>
          <ticker value="LVMHF"/>
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        <balance>3355</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2572873.75</valUSD>
        <pctVal>0.2020549520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Danske Bank A/S</name>
        <lei>MAES062Z21O4RZ2U7M96</lei>
        <title>Danske Bank A/S DKK10</title>
        <cusip>K22272114</cusip>
        <identifiers>
          <isin value="DK0010274414"/>
          <ticker value="DNSKF"/>
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        <balance>157000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="0.149331"/>
        <valUSD>4722359.01</valUSD>
        <pctVal>0.3708600249</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Tsubakimoto Chain Co</name>
        <lei>N/A</lei>
        <title>Tsubakimoto Chain Co NPV</title>
        <cusip>J93020105</cusip>
        <identifiers>
          <isin value="JP3535400000"/>
          <ticker value="TSKMF"/>
        </identifiers>
        <balance>102600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1353012.47</valUSD>
        <pctVal>0.1062558432</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>
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      <invstOrSec>
        <name>D/S Norden</name>
        <lei>529900RGXD3CBR3BRU63</lei>
        <title>D/S Norden DKK1</title>
        <cusip>K19911146</cusip>
        <identifiers>
          <isin value="DK0060083210"/>
          <ticker value="DPBSF"/>
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        <balance>48600</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="0.149331"/>
        <valUSD>2018455.26</valUSD>
        <pctVal>0.1585149216</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>
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      <invstOrSec>
        <name>Heidelberg Materials AG</name>
        <lei>LZ2C6E0W5W7LQMX5ZI37</lei>
        <title>Heidelberg Materials AG NPV</title>
        <cusip>D31709104</cusip>
        <identifiers>
          <isin value="DE0006047004"/>
          <ticker value="HLBZF"/>
        </identifiers>
        <balance>51000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>5555944.25</valUSD>
        <pctVal>0.4363237989</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Securitas AB</name>
        <lei>635400TTYKE8EIWDS617</lei>
        <title>Securitas AB SER'B'NPV</title>
        <cusip>W7912C118</cusip>
        <identifiers>
          <isin value="SE0000163594"/>
          <ticker value="SCTBF"/>
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        <balance>225300</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="0.098465"/>
        <valUSD>2860151.05</valUSD>
        <pctVal>0.2246156397</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank N.V. DR EACH REP SHS</title>
        <cusip>N0162C102</cusip>
        <identifiers>
          <isin value="NL0011540547"/>
          <ticker value="ABMRF"/>
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        <balance>220600</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3986656.32</valUSD>
        <pctVal>0.3130832406</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Eurocommercial Properties N.V</name>
        <lei>724500SFK53FPNM68L95</lei>
        <title>Eurocommercial Properties N.V EUR10.00</title>
        <cusip>N31068195</cusip>
        <identifiers>
          <isin value="NL0015000K93"/>
          <ticker value="ECMPF"/>
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        <balance>82400</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2283920.62</valUSD>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>Repsol SA</name>
        <lei>BSYCX13Y0NOTV14V9N85</lei>
        <title>Repsol SA EUR1</title>
        <cusip>E8471S130</cusip>
        <identifiers>
          <isin value="ES0173516115"/>
          <ticker value="REPYF"/>
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        <balance>357500</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>4715177.63</valUSD>
        <pctVal>0.3702960511</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Wolters Kluwer NV</name>
        <lei>724500TEM53I0U077B74</lei>
        <title>Wolters Kluwer NV EUR0.12</title>
        <cusip>N9643A197</cusip>
        <identifiers>
          <isin value="NL0000395903"/>
          <ticker value="WKL"/>
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        <balance>56816</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>9583270.54</valUSD>
        <pctVal>0.7526009657</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>
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      <invstOrSec>
        <name>Elders Limited</name>
        <lei>254900Y0SQG962QL6549</lei>
        <title>Elders Limited NPV</title>
        <cusip>Q3414A186</cusip>
        <identifiers>
          <isin value="AU000000ELD6"/>
          <ticker value="EDRSF"/>
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        <balance>318400</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>1855166.19</valUSD>
        <pctVal>0.1456913754</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>
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      <invstOrSec>
        <name>Boliden AB</name>
        <lei>21380059QU7IM1ONDJ56</lei>
        <title>Boliden AB NPV</title>
        <cusip>W17218210</cusip>
        <identifiers>
          <isin value="SE0020050417"/>
          <ticker value="BLIDF"/>
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        <balance>42600</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="0.098465"/>
        <valUSD>1445798.5</valUSD>
        <pctVal>0.1135425889</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Betsson AB (publ)</name>
        <lei>549300W61XW8OFGBG077</lei>
        <title>Betsson AB (publ) NPV B</title>
        <cusip>W1556V193</cusip>
        <identifiers>
          <isin value="SE0022726485"/>
          <ticker value="BTSBF"/>
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        <balance>214000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="0.098465"/>
        <valUSD>2625521.25</valUSD>
        <pctVal>0.2061895070</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Banco Santander, S.A.</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>Banco Santander, S.A. EUR0.50(REGD)</title>
        <cusip>E19790109</cusip>
        <identifiers>
          <isin value="ES0113900J37"/>
          <ticker value="SAN"/>
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        <balance>893000.01</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>4575621.14</valUSD>
        <pctVal>0.3593362907</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Telefonica, S.A.</name>
        <lei>549300EEJH4FEPDBBR25</lei>
        <title>Telefonica, S.A. EUR1</title>
        <cusip>879382109</cusip>
        <identifiers>
          <isin value="ES0178430E18"/>
          <ticker value="TEFOF"/>
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        <balance>342000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>1673096.63</valUSD>
        <pctVal>0.1313929451</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1475854.730000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Bekaert SA</name>
        <lei>5493008SR6XZECH6BN71</lei>
        <title>Bekaert SA NPV</title>
        <cusip>B6346B111</cusip>
        <identifiers>
          <isin value="BE0974258874"/>
          <ticker value="BEKSF"/>
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        <balance>54300</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2231903.66</valUSD>
        <pctVal>0.1752776198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STMicroelectronics N.V.</name>
        <lei>213800Z8NOHIKRI42W10</lei>
        <title>STMicroelectronics N.V. EUR1.04</title>
        <cusip>N83574108</cusip>
        <identifiers>
          <isin value="NL0000226223"/>
          <ticker value="STMEF"/>
        </identifiers>
        <balance>99700</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2977481.25</valUSD>
        <pctVal>0.2338299075</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>DBS Group Holdings Ltd.</name>
        <lei>5493007FKT78NKPM5V55</lei>
        <title>DBS Group Holdings Ltd. NPV</title>
        <cusip>Y20246107</cusip>
        <identifiers>
          <isin value="SG1L01001701"/>
          <ticker value="DBSDF"/>
        </identifiers>
        <balance>94270</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="0.778059"/>
        <valUSD>2791741.5</valUSD>
        <pctVal>0.2192432469</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>Jardine Cycle &amp; Carriage Ltd.</name>
        <lei>254900WEP6OCEXFWML09</lei>
        <title>Jardine Cycle &amp; Carriage Ltd. NPV</title>
        <cusip>Y43703100</cusip>
        <identifiers>
          <isin value="SG1B51001017"/>
          <ticker value="JCYCF"/>
        </identifiers>
        <balance>152400</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="0.778059"/>
        <valUSD>3269390.19</valUSD>
        <pctVal>0.2567543308</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1309963.820000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yue Yuen Industrial (Holdings) Limited</name>
        <lei>254900YUFIBANZ1XU687</lei>
        <title>Yue Yuen Industrial (Holdings) Limited HKD0.25</title>
        <cusip>G98803144</cusip>
        <identifiers>
          <isin value="BMG988031446"/>
          <ticker value="YUEIF"/>
        </identifiers>
        <balance>627500</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="0.128636"/>
        <valUSD>1189614.88</valUSD>
        <pctVal>0.0934237747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Gas Chemical Co Inc.</name>
        <lei>529900G5O4J27ZPLJJ89</lei>
        <title>Mitsubishi Gas Chemical Co Inc. NPV</title>
        <cusip>J43959113</cusip>
        <identifiers>
          <isin value="JP3896800004"/>
          <ticker value="MBGCF"/>
        </identifiers>
        <balance>114700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2236388.88</valUSD>
        <pctVal>0.1756298566</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2223412.050000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seiko Epson Corp</name>
        <lei>549300NIOFQDR749W206</lei>
        <title>Seiko Epson Corp NPV</title>
        <cusip>J7030F105</cusip>
        <identifiers>
          <isin value="JP3414750004"/>
          <ticker value="SEKEF"/>
        </identifiers>
        <balance>158300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2928338.63</valUSD>
        <pctVal>0.2299706005</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2167467.910000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NGK Insulators Ltd</name>
        <lei>353800701BNCL25VYY16</lei>
        <title>NGK Insulators Ltd NPV</title>
        <cusip>J49076110</cusip>
        <identifiers>
          <isin value="JP3695200000"/>
          <ticker value="NGKIF"/>
        </identifiers>
        <balance>31400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>412976.88</valUSD>
        <pctVal>0.0324322263</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>Santen Pharmaceutical Co Ltd.</name>
        <lei>529900TPT3I7C17MIM03</lei>
        <title>Santen Pharmaceutical Co Ltd. NPV</title>
        <cusip>J68467109</cusip>
        <identifiers>
          <isin value="JP3336000009"/>
          <ticker value="SNPHF"/>
        </identifiers>
        <balance>159100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1931367.87</valUSD>
        <pctVal>0.1516757059</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>Toyota Boshoku Corp.</name>
        <lei>529900KS87U6EY7PWG26</lei>
        <title>Toyota Boshoku Corp. NPV</title>
        <cusip>J91214106</cusip>
        <identifiers>
          <isin value="JP3635400009"/>
          <ticker value="TDBOF"/>
        </identifiers>
        <balance>153500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2017915.94</valUSD>
        <pctVal>0.1584725673</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2000709.460000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Yamaha Motor Co Ltd.</name>
        <lei>3538004LR5NXILJDHY88</lei>
        <title>Yamaha Motor Co Ltd. NPV</title>
        <cusip>J95776126</cusip>
        <identifiers>
          <isin value="JP3942800008"/>
          <ticker value="YAMHF"/>
        </identifiers>
        <balance>303600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2734254.25</valUSD>
        <pctVal>0.2147286128</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>Deutsche Boerse AG</name>
        <lei>529900G3SW56SHYNPR95</lei>
        <title>Deutsche Boerse AG NPV(REGD)</title>
        <cusip>D1882G119</cusip>
        <identifiers>
          <isin value="DE0005810055"/>
          <ticker value="DBOEF"/>
        </identifiers>
        <balance>58730</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>13787990.64</valUSD>
        <pctVal>1.0828093632</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>Adecco Group AG</name>
        <lei>NI14Y5UMU60O7JE9P611</lei>
        <title>Adecco Group AG CHF0.1 (REGD)</title>
        <cusip>H00392318</cusip>
        <identifiers>
          <isin value="CH0012138605"/>
          <ticker value="ADEN"/>
        </identifiers>
        <balance>27800</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>948100.43</valUSD>
        <pctVal>0.0744569713</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>Petroleo Brasileiro SA</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>Petroleo Brasileiro SA SPON ADR REP 2 PRF SHS</title>
        <cusip>71654V101</cusip>
        <identifiers>
          <isin value="US71654V1017"/>
          <ticker value="PBR/A"/>
        </identifiers>
        <balance>228766</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3017423.57</valUSD>
        <pctVal>0.2369666893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyo Suisan Kaisha Ltd</name>
        <lei>N/A</lei>
        <title>Toyo Suisan Kaisha Ltd NPV</title>
        <cusip>892306101</cusip>
        <identifiers>
          <isin value="JP3613000003"/>
          <ticker value="TSUKF"/>
        </identifiers>
        <balance>129500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>8502329.16</valUSD>
        <pctVal>0.6677116241</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>Wienerberger AG</name>
        <lei>529900VXIFBHO0SW2I31</lei>
        <title>Wienerberger AG NPV</title>
        <cusip>A95384110</cusip>
        <identifiers>
          <isin value="AT0000831706"/>
          <ticker value="WBRBF"/>
        </identifiers>
        <balance>83400</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2757255.01</valUSD>
        <pctVal>0.2165349266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AGL Energy Ltd.</name>
        <lei>549300QAZ8A74DEDXO80</lei>
        <title>AGL Energy Ltd. NPV</title>
        <cusip>Q01630195</cusip>
        <identifiers>
          <isin value="AU000000AGL7"/>
          <ticker value="AGLNF"/>
        </identifiers>
        <balance>446400</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>3647268.66</valUSD>
        <pctVal>0.2864301810</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>Super Retail Group Ltd.</name>
        <lei>N/A</lei>
        <title>Super Retail Group Ltd. NPV</title>
        <cusip>Q88009107</cusip>
        <identifiers>
          <isin value="AU000000SUL0"/>
          <ticker value="SSGRF"/>
        </identifiers>
        <balance>202900</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>2541395.61</valUSD>
        <pctVal>0.1995828859</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>Metcash Ltd.</name>
        <lei>25490065W4SN3LZMX216</lei>
        <title>Metcash Ltd. NPV</title>
        <cusip>Q6014C106</cusip>
        <identifiers>
          <isin value="AU000000MTS0"/>
          <ticker value="MCSHF"/>
        </identifiers>
        <balance>716900</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="0.691348"/>
        <valUSD>1772128.5</valUSD>
        <pctVal>0.1391701940</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>Mitsubishi Chemical Group Corp.</name>
        <lei>353800YNKX4RQUGAR072</lei>
        <title>Mitsubishi Chemical Group Corp. NPV</title>
        <cusip>J44046100</cusip>
        <identifiers>
          <isin value="JP3897700005"/>
          <ticker value="MTLHF"/>
        </identifiers>
        <balance>347200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2233340.32</valUSD>
        <pctVal>0.1753904447</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>Experian PLC</name>
        <lei>635400RXXHHYT1JTSZ26</lei>
        <title>Experian PLC ORD USD0.10</title>
        <cusip>G32655105</cusip>
        <identifiers>
          <isin value="GB00B19NLV48"/>
          <ticker value="EXPGF"/>
        </identifiers>
        <balance>192901</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>10157458.88</valUSD>
        <pctVal>0.7976935776</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>Symrise AG</name>
        <lei>529900D82I6R9601CF26</lei>
        <title>Symrise AG NPV (BR)</title>
        <cusip>D827A1108</cusip>
        <identifiers>
          <isin value="DE000SYM9999"/>
          <ticker value="SYIEF"/>
        </identifiers>
        <balance>41774</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>5781094.88</valUSD>
        <pctVal>0.4540055059</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>Svenska Cellulosa Aktiebolaget SCA (publ)</name>
        <lei>549300FW5JDRV1IJ0M67</lei>
        <title>Svenska Cellulosa Aktiebolaget SCA (publ) SER'B'NPV</title>
        <cusip>W90152120</cusip>
        <identifiers>
          <isin value="SE0000112724"/>
          <ticker value="SVCBF"/>
        </identifiers>
        <balance>218277</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="0.098465"/>
        <valUSD>3182317.17</valUSD>
        <pctVal>0.2499162437</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>Anglo American PLC</name>
        <lei>549300S9XF92D1X8ME43</lei>
        <title>Anglo American PLC ORD USD0.54945</title>
        <cusip>G03764134</cusip>
        <identifiers>
          <isin value="GB00B1XZS820"/>
          <ticker value="AAUKF"/>
        </identifiers>
        <balance>68900</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>2239186.13</valUSD>
        <pctVal>0.1758495325</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>Caixabank S.A.</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
        <title>Caixabank S.A. EUR1</title>
        <cusip>E2427M123</cusip>
        <identifiers>
          <isin value="ES0140609019"/>
          <ticker value="CIXPF"/>
        </identifiers>
        <balance>2334123</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>13929945.27</valUSD>
        <pctVal>1.0939574563</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>Franco Nevada Corp</name>
        <lei>N/A</lei>
        <title>Franco Nevada Corp COM NPV</title>
        <cusip>351858105</cusip>
        <identifiers>
          <isin value="CA3518581051"/>
          <ticker value="FNV"/>
        </identifiers>
        <balance>140790</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="0.739399"/>
        <valUSD>17486712.4</valUSD>
        <pctVal>1.3732802998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wheaton Precious Metals Corporation</name>
        <lei>549300XSFG5ZCGVYD886</lei>
        <title>Wheaton Precious Metals Corporation COM NPV</title>
        <cusip>962879102</cusip>
        <identifiers>
          <isin value="CA9628791027"/>
          <ticker value="WPM"/>
        </identifiers>
        <balance>116632</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="0.739399"/>
        <valUSD>7123223.22</valUSD>
        <pctVal>0.5594065880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coca-Cola HBC AG</name>
        <lei>549300EFP3TNG7JGVE49</lei>
        <title>Coca-Cola HBC AG ORD CHF6.70(CDI)</title>
        <cusip>H1512E100</cusip>
        <identifiers>
          <isin value="CH0198251305"/>
          <ticker value="CCHBF"/>
        </identifiers>
        <balance>135400</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>4823699</valUSD>
        <pctVal>0.3788185370</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>UBS Group AG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS Group AG USD0.10 (REGD)</title>
        <cusip>H42097107</cusip>
        <identifiers>
          <isin value="CH0244767585"/>
          <ticker value="UBS"/>
        </identifiers>
        <balance>505308</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>15636276.28</valUSD>
        <pctVal>1.2279603899</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>Sika AG</name>
        <lei>549300R3N69ECGYPU434</lei>
        <title>Sika AG CHF0.01 (REG)</title>
        <cusip>H7631K273</cusip>
        <identifiers>
          <isin value="CH0418792922"/>
          <ticker value="SKFOF"/>
        </identifiers>
        <balance>14908</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>4941487.77</valUSD>
        <pctVal>0.3880688177</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>SGS SA</name>
        <lei>2138007JNS19JHNA2336</lei>
        <title>SGS SA CHF0.04 (REGD)</title>
        <cusip>H63838116</cusip>
        <identifiers>
          <isin value="CH1256740924"/>
          <ticker value="SGSOF"/>
        </identifiers>
        <balance>50771</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="1.181544"/>
        <valUSD>5669159.43</valUSD>
        <pctVal>0.4452149028</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>Daimler Truck Holding AG</name>
        <lei>529900PW78JIYOUBSR24</lei>
        <title>Daimler Truck Holding AG NPV</title>
        <cusip>D1T3RZ100</cusip>
        <identifiers>
          <isin value="DE000DTR0CK8"/>
          <ticker value="DTGHF"/>
        </identifiers>
        <balance>95500</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>3585778.26</valUSD>
        <pctVal>0.2816011684</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>Schaeffler AG</name>
        <lei>549300Q7E782X7GC1P43</lei>
        <title>Schaeffler AG NPV (NON VTG PRF SHS)</title>
        <cusip>D6T0B6130</cusip>
        <identifiers>
          <isin value="DE000SHA0159"/>
          <ticker value="SCFLF"/>
        </identifiers>
        <balance>423994</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2193310.28</valUSD>
        <pctVal>0.1722467740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="140928.980000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ipsen SA</name>
        <lei>549300M6SGDPB4Z94P11</lei>
        <title>Ipsen SA EUR1</title>
        <cusip>F5362H107</cusip>
        <identifiers>
          <isin value="FR0010259150"/>
          <ticker value="IPSEF"/>
        </identifiers>
        <balance>21100</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2599112.82</valUSD>
        <pctVal>0.2041155794</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>GSK plc</name>
        <lei>5493000HZTVUYLO1D793</lei>
        <title>GSK plc ORD GBP0.3125</title>
        <cusip>G3910J179</cusip>
        <identifiers>
          <isin value="GB00BN7SWP63"/>
          <ticker value="GLAXF"/>
        </identifiers>
        <balance>524100</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>10667707.56</valUSD>
        <pctVal>0.8377648297</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>Willis Towers Watson Public Limited Company</name>
        <lei>549300WHC56FF48KL350</lei>
        <title>Willis Towers Watson Public Limited Company COM USD0.000304635</title>
        <cusip>G96629103</cusip>
        <identifiers>
          <isin value="IE00BDB6Q211"/>
          <ticker value="WTW"/>
        </identifiers>
        <balance>18584</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5473545.61</valUSD>
        <pctVal>0.4298528039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</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 GBP0.28571428</title>
        <cusip>G47152114</cusip>
        <identifiers>
          <isin value="GB00BGLP8L22"/>
          <ticker value="IMIAF"/>
        </identifiers>
        <balance>405919</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.336952"/>
        <valUSD>9870633.28</valUSD>
        <pctVal>0.7751683632</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>National Bank of Greece SA</name>
        <lei>5UMCZOEYKCVFAW8ZLO05</lei>
        <title>National Bank of Greece SA EUR1.00 (POST CONS)</title>
        <cusip>X56533189</cusip>
        <identifiers>
          <isin value="GRS003003035"/>
          <ticker value="NBGIF"/>
        </identifiers>
        <balance>270784</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2314821.17</valUSD>
        <pctVal>0.1817893631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Ireland Group PLC</name>
        <lei>635400C8EK6DRI12LJ39</lei>
        <title>Bank of Ireland Group PLC ORD EUR1.00</title>
        <cusip>G0756R109</cusip>
        <identifiers>
          <isin value="IE00BD1RP616"/>
          <ticker value="BKRIF"/>
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        <balance>1143333</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>12768218.87</valUSD>
        <pctVal>1.0027238417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hosiden Corp</name>
        <lei>353800IQGIGW1XT2JX97</lei>
        <title>Hosiden Corp NPV</title>
        <cusip>J22470108</cusip>
        <identifiers>
          <isin value="JP3845800006"/>
          <ticker value="HOIEF"/>
        </identifiers>
        <balance>111300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1627899.51</valUSD>
        <pctVal>0.1278434892</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>Macnica Holdings Inc</name>
        <lei>N/A</lei>
        <title>Macnica Holdings Inc NPV</title>
        <cusip>J3923S106</cusip>
        <identifiers>
          <isin value="JP3862960006"/>
          <ticker value="MCNCF"/>
        </identifiers>
        <balance>69000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>960876.42</valUSD>
        <pctVal>0.0754603054</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>Nippon Shinyaku Co</name>
        <lei>N/A</lei>
        <title>Nippon Shinyaku Co NPV</title>
        <cusip>J55784102</cusip>
        <identifiers>
          <isin value="JP3717600005"/>
          <ticker value="NPNKF"/>
        </identifiers>
        <balance>18100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>472329.95</valUSD>
        <pctVal>0.0370933884</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>Sumitomo Forestry Co Ltd.</name>
        <lei>549300FIIRGO6D5FWR19</lei>
        <title>Sumitomo Forestry Co Ltd. NPV</title>
        <cusip>J77454122</cusip>
        <identifiers>
          <isin value="JP3409800004"/>
          <ticker value="SMFRF"/>
        </identifiers>
        <balance>76900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>3785383.25</valUSD>
        <pctVal>0.2972767050</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>Mebuki Financial Group Inc</name>
        <lei>353800K1RXV3E3JAE812</lei>
        <title>Mebuki Financial Group Inc NPV</title>
        <cusip>J4248A101</cusip>
        <identifiers>
          <isin value="JP3117700009"/>
          <ticker value="MEBUF"/>
        </identifiers>
        <balance>502280</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2033264.81</valUSD>
        <pctVal>0.1596779568</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>M3, Inc.</name>
        <lei>3538001UOKRWIODYM055</lei>
        <title>M3, Inc. NPV</title>
        <cusip>J4697J108</cusip>
        <identifiers>
          <isin value="JP3435750009"/>
          <ticker value="2413"/>
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        <balance>336700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>3371707.76</valUSD>
        <pctVal>0.2647896150</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>Daiwabo Holdings Co Ltd.</name>
        <lei>N/A</lei>
        <title>Daiwabo Holdings Co Ltd. NPV</title>
        <cusip>J1R29Q108</cusip>
        <identifiers>
          <isin value="JP3505400006"/>
          <ticker value="DIWCF"/>
        </identifiers>
        <balance>111800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>2132245.71</valUSD>
        <pctVal>0.1674512030</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>Ferrotec Holdings Corp.</name>
        <lei>3538005N4KWZD4R07U97</lei>
        <title>Ferrotec Holdings Corp. NPV</title>
        <cusip>J1347N109</cusip>
        <identifiers>
          <isin value="JP3802720007"/>
          <ticker value="FRRZF"/>
        </identifiers>
        <balance>103700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>1686102</valUSD>
        <pctVal>0.1324142930</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1581754.320000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arcs Company Limited</name>
        <lei>N/A</lei>
        <title>Arcs Company Limited NPV</title>
        <cusip>J0195H107</cusip>
        <identifiers>
          <isin value="JP3968600001"/>
          <ticker value="9948"/>
        </identifiers>
        <balance>52700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="0.006958"/>
        <valUSD>944635.75</valUSD>
        <pctVal>0.0741848803</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>ASR Nederland N.V.</name>
        <lei>7245000G0HS48PZWUD53</lei>
        <title>ASR Nederland N.V. EUR0.16</title>
        <cusip>N0709G103</cusip>
        <identifiers>
          <isin value="NL0011872643"/>
          <ticker value="ASRRF"/>
        </identifiers>
        <balance>41800</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="1.113152"/>
        <valUSD>2049139.38</valUSD>
        <pctVal>0.1609246311</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-03-21</ncom:dateSigned>
      <ncom:nameOfApplicant>EMPOWER FUNDS, INC.</ncom:nameOfApplicant>
      <ncom:signature>/s/Kelly New</ncom:signature>
      <ncom:signerName>Kelly New</ncom:signerName>
      <ncom:title>Treasurer, Empower Funds, Inc.</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
