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      <regStreet1>225 Pictoria Drive</regStreet1>
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      <regCity>Cincinnati</regCity>
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      <regZipOrPostalCode>45246</regZipOrPostalCode>
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      <repPdEnd>2020-12-31</repPdEnd>
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      <totLiabs>326117.96</totLiabs>
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        <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>Japfa Ltd</name>
        <lei>254900A471SL0Z6E1X90</lei>
        <title>Japfa Ltd </title>
        <cusip>Y4288X105</cusip>
        <identifiers>
          <isin value="SG1AB9000005"/>
        </identifiers>
        <balance>1402363.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.39354000"/>
        <valUSD>693627.98000000</valUSD>
        <pctVal>0.389760507344</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>Diversified Gas &amp; Oil Plc</name>
        <lei>213800YR9TFRVHPGOS67</lei>
        <title>Diversified Gas &amp; Oil Plc </title>
        <cusip>G2891G105</cusip>
        <identifiers>
          <isin value="GB00BYX7JT74"/>
        </identifiers>
        <balance>912018.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>1081379.53000000</valUSD>
        <pctVal>0.607644221972</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>Lindab Intl Ab</name>
        <lei>54930085MH6IRQ1JP227</lei>
        <title>Lindab International AB </title>
        <cusip>W56316107</cusip>
        <identifiers>
          <isin value="SE0001852419"/>
        </identifiers>
        <balance>56584.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>666865.22000000</valUSD>
        <pctVal>0.374722090187</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>DIP Corporation</name>
        <lei>N/A</lei>
        <title>DIP Corporation </title>
        <cusip>J1231Q119</cusip>
        <identifiers>
          <isin value="JP3548640006"/>
        </identifiers>
        <balance>15400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>312816.26000000</valUSD>
        <pctVal>0.175776392704</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>Exedy Corp</name>
        <lei>35380047PHY08BBD5M18</lei>
        <title>Exedy Corp </title>
        <cusip>J1326T101</cusip>
        <identifiers>
          <isin value="JP3161160001"/>
        </identifiers>
        <balance>28606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>427026.82000000</valUSD>
        <pctVal>0.239953108600</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>Speedcast International Limited</name>
        <lei>254900X7XKXRGGDD3O38</lei>
        <title>Speedcast International Limited </title>
        <cusip>Q86164102</cusip>
        <identifiers>
          <isin value="AU000000SDA9"/>
        </identifiers>
        <balance>55059.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>25612.46000000</valUSD>
        <pctVal>0.014392045436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>St Barbara Limited</name>
        <lei>2549001WR6XSXNOD1F93</lei>
        <title>St Barbara Ltd </title>
        <cusip>Q8744Q173</cusip>
        <identifiers>
          <isin value="AU000000SBM8"/>
        </identifiers>
        <balance>506153.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>1120471.84000000</valUSD>
        <pctVal>0.629610807833</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>Nippo Corporation</name>
        <lei>N/A</lei>
        <title>NIPPO Corporation </title>
        <cusip>J53935102</cusip>
        <identifiers>
          <isin value="JP3750200002"/>
        </identifiers>
        <balance>9200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>232368.55000000</valUSD>
        <pctVal>0.130571554998</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>MIGDAL INS &amp; FINANCIAL HOLDINGS LTD</name>
        <lei>549300W4Y1WPXVCYYE42</lei>
        <title>Migdal Insurance and Financial Holdings Ltd </title>
        <cusip>M70079120</cusip>
        <identifiers>
          <isin value="IL0010811656"/>
        </identifiers>
        <balance>261004.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.46500000"/>
        <valUSD>136146.09000000</valUSD>
        <pctVal>0.076502636343</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>Yahagi Construct</name>
        <lei>N/A</lei>
        <title>YAHAGI CONSTRUCTION CO., LTD. </title>
        <cusip>J95336103</cusip>
        <identifiers>
          <isin value="JP3933200002"/>
        </identifiers>
        <balance>18200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>132989.16000000</valUSD>
        <pctVal>0.074728707560</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>Takara Leben Co Ltd</name>
        <lei>N/A</lei>
        <title>Takara Leben CO., LTD. </title>
        <cusip>J80744105</cusip>
        <identifiers>
          <isin value="JP3460800000"/>
        </identifiers>
        <balance>253557.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>850191.69000000</valUSD>
        <pctVal>0.477736126554</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>Veidekke</name>
        <lei>5967007LIEEXZXHF4O96</lei>
        <title>Veidekke ASA </title>
        <cusip>R9590N107</cusip>
        <identifiers>
          <isin value="NO0005806802"/>
        </identifiers>
        <balance>27653.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.62427000"/>
        <valUSD>335794.25000000</valUSD>
        <pctVal>0.188688087875</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>Prima Meat Packers</name>
        <lei>N/A</lei>
        <title>Prima Meat Packers Ltd </title>
        <cusip>J64040132</cusip>
        <identifiers>
          <isin value="JP3833200003"/>
        </identifiers>
        <balance>32100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>862081.96000000</valUSD>
        <pctVal>0.484417456894</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>BKW AG</name>
        <lei>549300IE30SKTUO98Q38</lei>
        <title>BKW AG </title>
        <cusip>H10053108</cusip>
        <identifiers>
          <isin value="CH0130293662"/>
        </identifiers>
        <balance>4696.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94747000"/>
        <valUSD>421602.90000000</valUSD>
        <pctVal>0.236905322363</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>BK Of Saga</name>
        <lei>353800F5W4TG8U8OOA26</lei>
        <title>Bank of Saga Ltd/The </title>
        <cusip>J04116109</cusip>
        <identifiers>
          <isin value="JP3315200000"/>
        </identifiers>
        <balance>12100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>131866.44000000</valUSD>
        <pctVal>0.074097833475</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>Mount Gibson Iron</name>
        <lei>254900QOF9A5FW2FHD67</lei>
        <title>Mount Gibson Iron Limited 25</title>
        <cusip>Q64224100</cusip>
        <identifiers>
          <isin value="AU000000MGX7"/>
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        <balance>1729456.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>737193.45000000</valUSD>
        <pctVal>0.414240632396</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>Uponor OYJ</name>
        <lei>743700KA2GMSYJM3CM12</lei>
        <title>UPONOR OYJ </title>
        <cusip>X9518X107</cusip>
        <identifiers>
          <isin value="FI0009002158"/>
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        <balance>83418.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>1129931.35000000</valUSD>
        <pctVal>0.634926255773</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>Savills</name>
        <lei>213800WXICGMBWHTA933</lei>
        <title>SAVILLS PLC </title>
        <cusip>G78283119</cusip>
        <identifiers>
          <isin value="GB00B135BJ46"/>
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        <balance>119429.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>1218036.55000000</valUSD>
        <pctVal>0.684433957944</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>Econocom Group</name>
        <lei>5493006G5O9JP185PU76</lei>
        <title>Econocom Group SE </title>
        <cusip>B33899178</cusip>
        <identifiers>
          <isin value="BE0974313455"/>
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        <balance>167699.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>339919.60000000</valUSD>
        <pctVal>0.191006187138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grieg Seafood</name>
        <lei>5967007LIEEXZXH5VC37</lei>
        <title>Grieg Seafood ASA </title>
        <cusip>R28594100</cusip>
        <identifiers>
          <isin value="NO0010365521"/>
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        <balance>15191.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.62427000"/>
        <valUSD>156177.00000000</valUSD>
        <pctVal>0.087758320758</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>Kungsleden AB (publ)</name>
        <lei>5493005OXRTBK0WSJN46</lei>
        <title>KUNGSLEDEN AB </title>
        <cusip>W53033101</cusip>
        <identifiers>
          <isin value="SE0000549412"/>
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        <balance>12853.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>96180.91000000</valUSD>
        <pctVal>0.054045571054</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>At&amp;S Austria Tech</name>
        <lei>529900EVOKN4LCCD9321</lei>
        <title>AT&amp;S Austria Technologie &amp; Sys </title>
        <cusip>A05345110</cusip>
        <identifiers>
          <isin value="AT0000969985"/>
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        <balance>32795.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>592181.74000000</valUSD>
        <pctVal>0.332756264276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westgold Resources</name>
        <lei>2549003AMX9BL7CKBQ74</lei>
        <title>Westgold Resources Limited </title>
        <cusip>Q97159232</cusip>
        <identifiers>
          <isin value="AU000000WGX6"/>
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        <balance>183911.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>270034.78000000</valUSD>
        <pctVal>0.151736804004</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>Intertrust N V</name>
        <lei>724500NRH17KKW68GO66</lei>
        <title>Intertrust N.V. </title>
        <cusip>N4584R101</cusip>
        <identifiers>
          <isin value="NL0010937058"/>
        </identifiers>
        <balance>17437.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>297050.14000000</valUSD>
        <pctVal>0.166917161088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CTT Correios De Portugal S.A.</name>
        <lei>529900G4A1IKOKC22K56</lei>
        <title>CTT - Correios de Portugal, S.A. </title>
        <cusip>X1R05J122</cusip>
        <identifiers>
          <isin value="PTCTT0AM0001"/>
        </identifiers>
        <balance>182958.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>433803.10000000</valUSD>
        <pctVal>0.243760807261</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Genesis Energy Limited</name>
        <lei>N/A</lei>
        <title>Genesis Energy Limited </title>
        <cusip>Q4008P118</cusip>
        <identifiers>
          <isin value="NZGNEE0001S7"/>
        </identifiers>
        <balance>54997.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.54850000"/>
        <valUSD>108092.70000000</valUSD>
        <pctVal>0.060738993822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anima Holding SPA</name>
        <lei>549300T1EREIRH8ICX03</lei>
        <title>Anima Holding SpA </title>
        <cusip>T0409R106</cusip>
        <identifiers>
          <isin value="IT0004998065"/>
        </identifiers>
        <balance>381411.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>1647764.10000000</valUSD>
        <pctVal>0.925904649349</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>Agrana Beteiligung</name>
        <lei>5299006C0EVA5LAYOR30</lei>
        <title>AGRANA Beteiligungs-Aktiengesellschaft </title>
        <cusip>A0091P145</cusip>
        <identifiers>
          <isin value="AT000AGRANA3"/>
        </identifiers>
        <balance>6430.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>132567.68000000</valUSD>
        <pctVal>0.074491871297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Gas Co Ltd</name>
        <lei>549300N3DC5V2XON9C60</lei>
        <title>NIPPON GAS CO. LTD. </title>
        <cusip>J50151117</cusip>
        <identifiers>
          <isin value="JP3695600001"/>
        </identifiers>
        <balance>2500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>107490.47000000</valUSD>
        <pctVal>0.060400591282</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>IMI</name>
        <lei>2138002W9Q21PF751R30</lei>
        <title>IMI PLC </title>
        <cusip>G47152114</cusip>
        <identifiers>
          <isin value="GB00BGLP8L22"/>
        </identifiers>
        <balance>78262.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>892856.01000000</valUSD>
        <pctVal>0.501709881201</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>Dainichiseika C&amp;C</name>
        <lei>N/A</lei>
        <title>Dainichiseika Color &amp; Chemicals Manufacturing Co., LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3492200005"/>
        </identifiers>
        <balance>4600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>99833.07000000</valUSD>
        <pctVal>0.056097777389</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>Tamron Co Ltd</name>
        <lei>N/A</lei>
        <title>Tamron Co., Ltd. </title>
        <cusip>J81625105</cusip>
        <identifiers>
          <isin value="JP3471800007"/>
        </identifiers>
        <balance>46700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>807792.42000000</valUSD>
        <pctVal>0.453911307684</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>Starzen Co Ltd</name>
        <lei>N/A</lei>
        <title>Starzen Co Ltd </title>
        <cusip>J7670K109</cusip>
        <identifiers>
          <isin value="JP3399100001"/>
        </identifiers>
        <balance>7703.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>303246.38000000</valUSD>
        <pctVal>0.170398926120</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>Maeda Corp</name>
        <lei>N/A</lei>
        <title>Maeda Corporation </title>
        <cusip>J39315106</cusip>
        <identifiers>
          <isin value="JP3861200008"/>
        </identifiers>
        <balance>78900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>603866.53000000</valUSD>
        <pctVal>0.339322132162</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>Valor Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Valor Holdings Co Ltd </title>
        <cusip>J94512100</cusip>
        <identifiers>
          <isin value="JP3778400006"/>
        </identifiers>
        <balance>5165.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>101001.58000000</valUSD>
        <pctVal>0.056754381597</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>Selvaag Bolig As</name>
        <lei>5967007LIEEXZXIHPK59</lei>
        <title>Selvaag Bolig ASA </title>
        <cusip>R7800E107</cusip>
        <identifiers>
          <isin value="NO0010612450"/>
        </identifiers>
        <balance>104709.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.62427000"/>
        <valUSD>621600.15000000</valUSD>
        <pctVal>0.349286933075</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>Invincible Investment Corporation</name>
        <lei>353800JY6M2692VAV685</lei>
        <title>INVINCIBLE INVESTMENT CORP </title>
        <cusip>J2442V103</cusip>
        <identifiers>
          <isin value="JP3046190009"/>
        </identifiers>
        <balance>2745.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>712486.68000000</valUSD>
        <pctVal>0.400357508463</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>Hexpol</name>
        <lei>549300MN30TBRLYN3465</lei>
        <title>HEXPOL AB </title>
        <cusip>W4580B159</cusip>
        <identifiers>
          <isin value="SE0007074281"/>
        </identifiers>
        <balance>15289.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>114067.87000000</valUSD>
        <pctVal>0.064096536133</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>Conviviality PLC</name>
        <lei>213800QZEVZPBN5XA643</lei>
        <title>Conviviality PLC </title>
        <cusip>G2404L104</cusip>
        <identifiers>
          <isin value="GB00BC7H5F74"/>
        </identifiers>
        <balance>284313.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</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>Raysum Co Ltd</name>
        <lei>N/A</lei>
        <title>Raysum Co Ltd </title>
        <cusip>J64329105</cusip>
        <identifiers>
          <isin value="JP3979100009"/>
        </identifiers>
        <balance>32300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>284925.32000000</valUSD>
        <pctVal>0.160104033402</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>Qol Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Qol Holdings Co., Ltd. </title>
        <cusip>J64663107</cusip>
        <identifiers>
          <isin value="JP3266160005"/>
        </identifiers>
        <balance>25550.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>268575.86000000</valUSD>
        <pctVal>0.150917013835</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>BIC</name>
        <lei>969500UR00DF63I0VH67</lei>
        <title>SOCIETE BIC SA </title>
        <cusip>F10080103</cusip>
        <identifiers>
          <isin value="FR0000120966"/>
        </identifiers>
        <balance>1964.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>100024.58000000</valUSD>
        <pctVal>0.056205389880</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>Cleanup Corp</name>
        <lei>N/A</lei>
        <title>Cleanup Corp </title>
        <cusip>J08106106</cusip>
        <identifiers>
          <isin value="JP3270200003"/>
        </identifiers>
        <balance>15900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>84569.51000000</valUSD>
        <pctVal>0.047520942167</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>D/S Norden</name>
        <lei>529900RGXD3CBR3BRU63</lei>
        <title>Dampskibsselskabet NORDEN A/S </title>
        <cusip>K19911146</cusip>
        <identifiers>
          <isin value="DK0060083210"/>
        </identifiers>
        <balance>71622.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.63321000"/>
        <valUSD>966230.28000000</valUSD>
        <pctVal>0.542940041352</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>Tourism Holdings</name>
        <lei>549300V6QK7IM7HZ2F86</lei>
        <title>Tourism Holdings Limited </title>
        <cusip>Q90295108</cusip>
        <identifiers>
          <isin value="NZHELE0001S9"/>
        </identifiers>
        <balance>239708.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.54850000"/>
        <valUSD>308766.19000000</valUSD>
        <pctVal>0.173500594461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Newriver Reit Plc</name>
        <lei>2138004GX1VAUMH66L31</lei>
        <title>NewRiver REIT plc </title>
        <cusip>G64950101</cusip>
        <identifiers>
          <isin value="GB00BD7XPJ64"/>
        </identifiers>
        <balance>912817.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>711008.72000000</valUSD>
        <pctVal>0.399527019417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kyorin Co Ltd</name>
        <lei>N/A</lei>
        <title>KYORIN Holdings, Inc. </title>
        <cusip>J37996113</cusip>
        <identifiers>
          <isin value="JP3247090008"/>
        </identifiers>
        <balance>32100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>657372.38000000</valUSD>
        <pctVal>0.369387913594</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>Draegerwerk AG &amp; Co. KGaA</name>
        <lei>5493005UFVHY0PPNKD75</lei>
        <title>Draegerwerk AG &amp; Co KGaA </title>
        <cusip>D22938100</cusip>
        <identifiers>
          <isin value="DE0005550602"/>
        </identifiers>
        <balance>8585.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>576502.15000000</valUSD>
        <pctVal>0.323945655233</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>LEOVEGAS AB</name>
        <lei>549300Z1CNOA0L1K8J51</lei>
        <title>LeoVegas AB </title>
        <cusip>W5S14M117</cusip>
        <identifiers>
          <isin value="SE0008091904"/>
        </identifiers>
        <balance>171949.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>772172.84000000</valUSD>
        <pctVal>0.433896103609</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>Babcock International Group plc</name>
        <lei>213800TSKOLX4EU6L377</lei>
        <title>Babcock International Group PLC </title>
        <cusip>G0689Q152</cusip>
        <identifiers>
          <isin value="GB0009697037"/>
        </identifiers>
        <balance>269010.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>1030975.12000000</valUSD>
        <pctVal>0.579321188616</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>Bellway Plc</name>
        <lei>213800CY4L3HST4FGZ98</lei>
        <title>Bellway p.l.c. </title>
        <cusip>G09744155</cusip>
        <identifiers>
          <isin value="GB0000904986"/>
        </identifiers>
        <balance>15390.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>484719.50000000</valUSD>
        <pctVal>0.272371535877</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>Clinigen Group Plc</name>
        <lei>213800OBIKGI2JYYS227</lei>
        <title>Clinigen Group plc </title>
        <cusip>G2R22L107</cusip>
        <identifiers>
          <isin value="GB00B89J2419"/>
        </identifiers>
        <balance>5009.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>50199.62000000</valUSD>
        <pctVal>0.028207958623</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>Dicker Data Ltd</name>
        <lei>549300Z9AR1B5G2UQJ37</lei>
        <title>Dicker Data, Ltd. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000DDR5"/>
        </identifiers>
        <balance>86308.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>416482.38000000</valUSD>
        <pctVal>0.234028021373</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>Daikyonishikawa Corporation</name>
        <lei>N/A</lei>
        <title>Daikyonishikawa Corp </title>
        <cusip>J10207108</cusip>
        <identifiers>
          <isin value="JP3481300006"/>
        </identifiers>
        <balance>78664.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>353893.24000000</valUSD>
        <pctVal>0.198858195957</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>Takara Leben Real Estate Investment Corporation</name>
        <lei>353800B55299YP0HS329</lei>
        <title>Takara Leben Real Estate Investment Trust </title>
        <cusip>J80746100</cusip>
        <identifiers>
          <isin value="JP3048750008"/>
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        <balance>1244.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>1032022.24000000</valUSD>
        <pctVal>0.579909581867</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>Wihlborgs Fastigheter AB</name>
        <lei>549300RC1YDJPITF8X06</lei>
        <title>Wihlborgs Fastigheter AB </title>
        <cusip>W9899F155</cusip>
        <identifiers>
          <isin value="SE0011205194"/>
        </identifiers>
        <balance>14188.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>233349.43000000</valUSD>
        <pctVal>0.131122726948</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>Crystal International Group Limited</name>
        <lei>N/A</lei>
        <title>Crystal International Group Limited </title>
        <cusip>G2701R101</cusip>
        <identifiers>
          <isin value="KYG2701R1011"/>
        </identifiers>
        <balance>401500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75052000"/>
        <valUSD>87588.16000000</valUSD>
        <pctVal>0.049217169236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aiful Corporation</name>
        <lei>5299005WK14QZ676ZY35</lei>
        <title>AIFUL Corporation </title>
        <cusip>J00557108</cusip>
        <identifiers>
          <isin value="JP3105040004"/>
        </identifiers>
        <balance>242700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>536372.47000000</valUSD>
        <pctVal>0.301396154799</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>Pharma Mar SA</name>
        <lei>959800QWKZ45ZQC2AV58</lei>
        <title>Pharma Mar SA </title>
        <cusip>E8075H100</cusip>
        <identifiers>
          <isin value="ES0169501030"/>
        </identifiers>
        <balance>27619.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>238643.80000000</valUSD>
        <pctVal>0.134097716996</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>Landis &amp; Gyr Group Ag</name>
        <lei>529900PZYVAKCYSLFL19</lei>
        <title>Landis+Gyr Group AG </title>
        <cusip>H893NZ107</cusip>
        <identifiers>
          <isin value="CH0371153492"/>
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        <balance>4772.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94747000"/>
        <valUSD>309124.81000000</valUSD>
        <pctVal>0.173702108698</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>Corestate Capital Holding SA</name>
        <lei>529900GNB86RB7HRX793</lei>
        <title>CORESTATE CAPITAL HOLDINGS </title>
        <cusip>L1994V104</cusip>
        <identifiers>
          <isin value="LU1296758029"/>
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        <balance>50390.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>1024808.30000000</valUSD>
        <pctVal>0.575855955146</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>Eutelsat Communica</name>
        <lei>549300EFWH9UR17YSK05</lei>
        <title>Eutelsat Communications S.A. </title>
        <cusip>F3692M128</cusip>
        <identifiers>
          <isin value="FR0010221234"/>
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        <balance>70585.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>653063.54000000</valUSD>
        <pctVal>0.366966708405</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Kumagai Gumi Co Ltd</name>
        <lei>529900M993KYZI2Q1Q47</lei>
        <title>Kumagai Gumi Co Ltd </title>
        <cusip>J36705150</cusip>
        <identifiers>
          <isin value="JP3266800006"/>
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        <balance>55000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>1320928.71000000</valUSD>
        <pctVal>0.742250686277</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>Origin Enterprises</name>
        <lei>213800AIB4U7N5BLS350</lei>
        <title>Origin Enterprises Public Limited Company </title>
        <cusip>G68097107</cusip>
        <identifiers>
          <isin value="IE00B1WV4493"/>
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        <balance>106975.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>324567.37000000</valUSD>
        <pctVal>0.182379526844</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>Mitsubishi Researc</name>
        <lei>N/A</lei>
        <title>Mitsubishi Research Institute, Incorporated </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3902200009"/>
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        <balance>15500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>620127.42000000</valUSD>
        <pctVal>0.348459382849</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>Takamatsu Construc</name>
        <lei>N/A</lei>
        <title>TAKAMATSU CONSTRUCTION GROUP CO., LTD. 38</title>
        <cusip>J80443104</cusip>
        <identifiers>
          <isin value="JP3457900003"/>
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        <balance>26167.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>585988.72000000</valUSD>
        <pctVal>0.329276308613</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>Gerresheimer Ag</name>
        <lei>5299006GD4UWSYZOKC28</lei>
        <title>GERRESHEIMER AG </title>
        <cusip>D2852S109</cusip>
        <identifiers>
          <isin value="DE000A0LD6E6"/>
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        <balance>12036.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>1112532.28000000</valUSD>
        <pctVal>0.625149443784</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>MIRAI CORPORATION</name>
        <lei>353800HQCYM7P10R9D93</lei>
        <title>MIRAI Corporation </title>
        <cusip>J4309J108</cusip>
        <identifiers>
          <isin value="JP3048370005"/>
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        <balance>3028.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>1069062.80000000</valUSD>
        <pctVal>0.600723257028</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>Summit R/Est Hldgs</name>
        <lei>254900R2MAR4ZEW3DO03</lei>
        <title>Summit Real Estate Holdings Ltd </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010816861"/>
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        <balance>18697.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.46500000"/>
        <valUSD>171300.78000000</valUSD>
        <pctVal>0.096256611391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IS</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banca Farmafactoring S.P.A</name>
        <lei>815600522538355AE429</lei>
        <title>Banca Farmafactoring S.p.A. </title>
        <cusip>T1R288116</cusip>
        <identifiers>
          <isin value="IT0005244402"/>
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        <balance>52708.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>300379.28000000</valUSD>
        <pctVal>0.168787857388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyota Boshoku Cp</name>
        <lei>529900KS87U6EY7PWG26</lei>
        <title>Toyota Boshoku Corp </title>
        <cusip>J91214106</cusip>
        <identifiers>
          <isin value="JP3635400009"/>
        </identifiers>
        <balance>38200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>515117.87000000</valUSD>
        <pctVal>0.289452859663</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>Haitong International Securities Group Limited</name>
        <lei>549300Q1JC7X89PPGN26</lei>
        <title>Haitong International Securiti </title>
        <cusip>G4232X102</cusip>
        <identifiers>
          <isin value="BMG4232X1020"/>
        </identifiers>
        <balance>903000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75052000"/>
        <valUSD>216732.61000000</valUSD>
        <pctVal>0.121785473578</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>Navigator Global Investments Ltd</name>
        <lei>9845000577CDA8B2C946</lei>
        <title>Navigator Global Investments Limited </title>
        <cusip>Q6S02S105</cusip>
        <identifiers>
          <isin value="AU000000NGI6"/>
        </identifiers>
        <balance>221374.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>182166.05000000</valUSD>
        <pctVal>0.102361978057</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>Kikuchi Co Ltd</name>
        <lei>N/A</lei>
        <title>G-Tekt Corp </title>
        <cusip>J32653107</cusip>
        <identifiers>
          <isin value="JP3236750000"/>
        </identifiers>
        <balance>26700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>259074.78000000</valUSD>
        <pctVal>0.145578207057</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>Tower Semiconductor Limited</name>
        <lei>54930086ZSNXZOUX0C54</lei>
        <title>TOWER SEMICONDUCTOR LTD. </title>
        <cusip>M87915274</cusip>
        <identifiers>
          <isin value="IL0010823792"/>
        </identifiers>
        <balance>46807.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.46500000"/>
        <valUSD>890410.09000000</valUSD>
        <pctVal>0.500335480156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IS</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Civitas Social Housing Plc</name>
        <lei>213800PGBG84J8GM6F95</lei>
        <title>Civitas Social Housing PLC </title>
        <cusip>G2251U108</cusip>
        <identifiers>
          <isin value="GB00BD8HBD32"/>
        </identifiers>
        <balance>870256.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>1183382.10000000</valUSD>
        <pctVal>0.664961075645</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>Kiwi Property Group Limited</name>
        <lei>N/A</lei>
        <title>KIWI PROPERTY GROUP LTD </title>
        <cusip>Q5349C104</cusip>
        <identifiers>
          <isin value="NZKPGE0001S9"/>
        </identifiers>
        <balance>185910.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.54850000"/>
        <valUSD>126577.88000000</valUSD>
        <pctVal>0.071126108158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIE Automotive Sa</name>
        <lei>95980020140005381252</lei>
        <title>CIE Automotive, S.A. </title>
        <cusip>E21245118</cusip>
        <identifiers>
          <isin value="ES0105630315"/>
        </identifiers>
        <balance>30333.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>534120.67000000</valUSD>
        <pctVal>0.300130832845</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>Miquel Y Costas</name>
        <lei>95980020140005204809</lei>
        <title>Miquel y Costas &amp; Miquel S.A. </title>
        <cusip>E75370101</cusip>
        <identifiers>
          <isin value="ES0164180012"/>
        </identifiers>
        <balance>15871.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>227813.97000000</valUSD>
        <pctVal>0.128012264625</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>First Real Estate Investment Trust</name>
        <lei>549300SI6X0UQQINB286</lei>
        <title>First Real Estate Investment Trust </title>
        <cusip>Y2560E100</cusip>
        <identifiers>
          <isin value="SG1U27933225"/>
        </identifiers>
        <balance>1482503.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.39354000"/>
        <valUSD>744056.85000000</valUSD>
        <pctVal>0.418097285160</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>Dios Fastigheter AB</name>
        <lei>549300G3VF7LZQ9IW435</lei>
        <title>Dios Fastigheter AB </title>
        <cusip>W2592B100</cusip>
        <identifiers>
          <isin value="SE0001634262"/>
        </identifiers>
        <balance>134331.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>899673.08000000</valUSD>
        <pctVal>0.505540500406</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>Kanamoto Co Ltd</name>
        <lei>N/A</lei>
        <title>Kanamoto Co Ltd </title>
        <cusip>J29557105</cusip>
        <identifiers>
          <isin value="JP3215200001"/>
        </identifiers>
        <balance>28282.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>619477.44000000</valUSD>
        <pctVal>0.348094148830</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>Megmilk Snow Brand</name>
        <lei>N/A</lei>
        <title>MEGMILK SNOW BRAND Co., Ltd. </title>
        <cusip>J41966102</cusip>
        <identifiers>
          <isin value="JP3947800003"/>
        </identifiers>
        <balance>28500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>663811.04000000</valUSD>
        <pctVal>0.373005898250</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>Hazama Ando Corporation</name>
        <lei>353800YSSP5B2GMQ6E51</lei>
        <title>Hazama Ando Corp </title>
        <cusip>J1912N104</cusip>
        <identifiers>
          <isin value="JP3767810009"/>
        </identifiers>
        <balance>62900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>364855.27000000</valUSD>
        <pctVal>0.205017933594</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>Maeda Road Const</name>
        <lei>N/A</lei>
        <title>Maeda Road Construction Co. LTD. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3861600009"/>
        </identifiers>
        <balance>31500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>594044.00000000</valUSD>
        <pctVal>0.333802697557</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>Computacenter</name>
        <lei>549300XSXUZ1I19DB105</lei>
        <title>Computacenter PLC </title>
        <cusip>G23356150</cusip>
        <identifiers>
          <isin value="GB00BV9FP302"/>
        </identifiers>
        <balance>93338.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>1891702.48000000</valUSD>
        <pctVal>1.062977474395</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>Encavis Ag</name>
        <lei>391200ECRGNL09Y2KJ67</lei>
        <title>Encavis AG </title>
        <cusip>D4875F106</cusip>
        <identifiers>
          <isin value="DE0006095003"/>
        </identifiers>
        <balance>31390.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>457439.32000000</valUSD>
        <pctVal>0.257042372256</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>Tokyo Kiraboshi Financial Gp Inc</name>
        <lei>N/A</lei>
        <title>Tokyo Kiraboshi Financial Group, Inc. 37</title>
        <cusip>J9370A100</cusip>
        <identifiers>
          <isin value="JP3584400000"/>
        </identifiers>
        <balance>3200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>32789.03000000</valUSD>
        <pctVal>0.018424673364</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>Dart Group Public Limited Company</name>
        <lei>I72RQ3PNLDPW8R7JIJ56</lei>
        <title>DART GROUP PLC </title>
        <cusip>G2657C132</cusip>
        <identifiers>
          <isin value="GB00B1722W11"/>
        </identifiers>
        <balance>56056.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>582426.53000000</valUSD>
        <pctVal>0.327274657841</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>Compania De Distribucion Integral Logista Holdings S.A.U</name>
        <lei>9598000ANNAL42UJ7X28</lei>
        <title>Compania de Distribucion Integral Hldgs, S.A. </title>
        <cusip>E0304S106</cusip>
        <identifiers>
          <isin value="ES0105027009"/>
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        <balance>7669.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>143700.15000000</valUSD>
        <pctVal>0.080747381859</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>Sto SE &amp; Co. Kgaa</name>
        <lei>5299006NYTD89XM31K74</lei>
        <title>STO SE &amp; Co. KGaA </title>
        <cusip>D81328102</cusip>
        <identifiers>
          <isin value="DE0007274136"/>
        </identifiers>
        <balance>2339.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>265466.91000000</valUSD>
        <pctVal>0.149170045771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>INA INVEST HOLDING AG</name>
        <lei>N/A</lei>
        <title>INA Invest Holding AG </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0524026959"/>
        </identifiers>
        <balance>1813.40000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94747000"/>
        <valUSD>40192.72000000</valUSD>
        <pctVal>0.022584923605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Euronav N.V.</name>
        <lei>549300D80RYON74MEJ03</lei>
        <title>Euronav NV </title>
        <cusip>B38564108</cusip>
        <identifiers>
          <isin value="BE0003816338"/>
        </identifiers>
        <balance>137408.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>1109619.55000000</valUSD>
        <pctVal>0.623512734834</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nishimatsu Construction Co Ltd</name>
        <lei>N/A</lei>
        <title>Nishimatsu Construction Co., Ltd. </title>
        <cusip>J56730120</cusip>
        <identifiers>
          <isin value="JP3659200004"/>
        </identifiers>
        <balance>40797.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>814259.12000000</valUSD>
        <pctVal>0.457545048458</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>INVESTEC AUSTRALIA PROPERTY FUND</name>
        <lei>N/A</lei>
        <title>Investec Australia Property Fund </title>
        <cusip>Q496B8136</cusip>
        <identifiers>
          <isin value="AU0000046005"/>
        </identifiers>
        <balance>423431.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>356087.94000000</valUSD>
        <pctVal>0.200091432519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T-Gaia Corporation</name>
        <lei>N/A</lei>
        <title>T-Gaia Corp </title>
        <cusip>J8337D108</cusip>
        <identifiers>
          <isin value="JP3893700009"/>
        </identifiers>
        <balance>23032.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>435321.22000000</valUSD>
        <pctVal>0.244613862845</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>THE TOWA BANK,LTD</name>
        <lei>3538009WQM5M1AUS0I04</lei>
        <title>Towa Bank Ltd/The </title>
        <cusip>J90376104</cusip>
        <identifiers>
          <isin value="JP3622400004"/>
        </identifiers>
        <balance>43146.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>279950.87000000</valUSD>
        <pctVal>0.157308811450</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>Delek Automotive S</name>
        <lei>N/A</lei>
        <title>Delek Automotive Systems Ltd. </title>
        <cusip>M2756V109</cusip>
        <identifiers>
          <isin value="IL0008290103"/>
        </identifiers>
        <balance>45087.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.46500000"/>
        <valUSD>205457.40000000</valUSD>
        <pctVal>0.115449755158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IS</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Penta-Ocean Construction Co</name>
        <lei>529900QN42Q9UIW3AS17</lei>
        <title>Penta-Ocean Construction Co Lt </title>
        <cusip>J63653109</cusip>
        <identifiers>
          <isin value="JP3309000002"/>
        </identifiers>
        <balance>154400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>833806.55000000</valUSD>
        <pctVal>0.468529057832</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>Ht &amp; E Ltd</name>
        <lei>N/A</lei>
        <title>HT&amp;E LIMITED </title>
        <cusip>Q4678V106</cusip>
        <identifiers>
          <isin value="AU000000HT18"/>
        </identifiers>
        <balance>100829.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>83639.92000000</valUSD>
        <pctVal>0.046998590877</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>Keller Group</name>
        <lei>549300QO4MBL43UHSN10</lei>
        <title>Keller Group PLC </title>
        <cusip>G5222K109</cusip>
        <identifiers>
          <isin value="GB0004866223"/>
        </identifiers>
        <balance>13375.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>105070.94000000</valUSD>
        <pctVal>0.059041019195</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>TP Icap Plc</name>
        <lei>5493009UWRK48KKUD358</lei>
        <title>TP ICAP plc </title>
        <cusip>G8984B101</cusip>
        <identifiers>
          <isin value="GB00B1H0DZ51"/>
        </identifiers>
        <balance>402135.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>1746516.08000000</valUSD>
        <pctVal>0.981394945207</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>Austevoll Seafood ASA</name>
        <lei>5967007LIEEXZXFFDC03</lei>
        <title>Austevoll Seafood ASA </title>
        <cusip>R0814U100</cusip>
        <identifiers>
          <isin value="NO0010073489"/>
        </identifiers>
        <balance>12541.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.62427000"/>
        <valUSD>104162.09000000</valUSD>
        <pctVal>0.058530322038</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>Tokai Rika Co Ltd</name>
        <lei>N/A</lei>
        <title>Tokai Rika Co Ltd </title>
        <cusip>J85968105</cusip>
        <identifiers>
          <isin value="JP3566600007"/>
        </identifiers>
        <balance>26800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>389935.91000000</valUSD>
        <pctVal>0.219111140980</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>Ultra Electronic</name>
        <lei>213800E68EATZGAJIP64</lei>
        <title>Ultra Electronics Holdings plc </title>
        <cusip>G9187G103</cusip>
        <identifiers>
          <isin value="GB0009123323"/>
        </identifiers>
        <balance>4594.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>113287.62000000</valUSD>
        <pctVal>0.063658101345</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>Airtel Africa Plc</name>
        <lei>254900ZNZDQL6OWQH623</lei>
        <title>Airtel Africa PLC </title>
        <cusip>G01415101</cusip>
        <identifiers>
          <isin value="GB00BKDRYJ47"/>
        </identifiers>
        <balance>780510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>606196.26000000</valUSD>
        <pctVal>0.340631244212</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>Topre Corporation</name>
        <lei>N/A</lei>
        <title>Topre Corp </title>
        <cusip>J89365100</cusip>
        <identifiers>
          <isin value="JP3598200008"/>
        </identifiers>
        <balance>37300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>418098.04000000</valUSD>
        <pctVal>0.234935886222</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>International Personal Finance PLC</name>
        <lei>213800II1O44IRKUZB59</lei>
        <title>International Personal Finance </title>
        <cusip>G4906Q102</cusip>
        <identifiers>
          <isin value="GB00B1YKG049"/>
        </identifiers>
        <balance>195061.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>126331.27000000</valUSD>
        <pctVal>0.070987534108</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>Eizo Corp</name>
        <lei>N/A</lei>
        <title>Eizo Corp </title>
        <cusip>J1287L105</cusip>
        <identifiers>
          <isin value="JP3651080008"/>
        </identifiers>
        <balance>11396.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>428242.64000000</valUSD>
        <pctVal>0.240636297043</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>Vital Ksk Holdings</name>
        <lei>353800RLGNMAZY8D4488</lei>
        <title>Vital KSK Holdings, Inc. </title>
        <cusip>J9460Q106</cusip>
        <identifiers>
          <isin value="JP3778280002"/>
        </identifiers>
        <balance>65900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>632645.29000000</valUSD>
        <pctVal>0.355493371532</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>Recipharm AB</name>
        <lei>549300FHCTIFJOZ9D484</lei>
        <title>Recipharm AB publ </title>
        <cusip>W7S15G123</cusip>
        <identifiers>
          <isin value="SE0005757267"/>
        </identifiers>
        <balance>47668.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>591167.49000000</valUSD>
        <pctVal>0.332186341197</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>Unipol Gruppo SpA</name>
        <lei>8156005CE5E7340CCA86</lei>
        <title>Unipol Gruppo SpA </title>
        <cusip>T9532W106</cusip>
        <identifiers>
          <isin value="IT0004810054"/>
        </identifiers>
        <balance>90906.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>355193.20000000</valUSD>
        <pctVal>0.199588663994</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>Quadient</name>
        <lei>549300K4W3A5ITOPTK67</lei>
        <title>Quadient </title>
        <cusip>F7488R100</cusip>
        <identifiers>
          <isin value="FR0000120560"/>
        </identifiers>
        <balance>5225.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>76379.44000000</valUSD>
        <pctVal>0.042918812596</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>NRW Holdings Ltd</name>
        <lei>5493003S2MORCH0HEL95</lei>
        <title>NRW Holdings Limited </title>
        <cusip>Q6951V109</cusip>
        <identifiers>
          <isin value="AU000000NWH5"/>
        </identifiers>
        <balance>792527.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>1038962.97000000</valUSD>
        <pctVal>0.583809687578</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>Arteria Networks Corp</name>
        <lei>353800EX93NBF7DHNR51</lei>
        <title>ARTERIA Networks Corporation </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3126240005"/>
        </identifiers>
        <balance>24600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>437245.22000000</valUSD>
        <pctVal>0.245694988805</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>Metlifecare Limited</name>
        <lei>N/A</lei>
        <title>Metlifecare Limited </title>
        <cusip>Q6070M105</cusip>
        <identifiers>
          <isin value="NZMETE0001S2"/>
        </identifiers>
        <balance>68806.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.54850000"/>
        <valUSD>230572.79000000</valUSD>
        <pctVal>0.129562489117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vetropack Hldg Sa</name>
        <lei>894500HGD08C8B6GS128</lei>
        <title>Vetropack Holding AG </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0530235594"/>
        </identifiers>
        <balance>15672.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94747000"/>
        <valUSD>866742.80000000</valUSD>
        <pctVal>0.487036456438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOA Corp(Const)</name>
        <lei>N/A</lei>
        <title>TOA CORPORATION </title>
        <cusip>J83603100</cusip>
        <identifiers>
          <isin value="JP3556000002"/>
        </identifiers>
        <balance>44100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>640154.68000000</valUSD>
        <pctVal>0.359713016271</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>Super Retail Groupt Ltd - Rights </name>
        <lei>N/A</lei>
        <title>Super Retail Groupt Ltd - Rights </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000091530"/>
        </identifiers>
        <balance>37169.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kasai Kogyo Co Ltd</name>
        <lei>N/A</lei>
        <title>KASAI KOGYO COMPANY, LTD. </title>
        <cusip>J30685101</cusip>
        <identifiers>
          <isin value="JP3208600001"/>
        </identifiers>
        <balance>47831.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>202510.11000000</valUSD>
        <pctVal>0.113793626399</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>Tate &amp; Lyle plc</name>
        <lei>2138008K14474WPKZ244</lei>
        <title>Tate &amp; Lyle Public Limited Company </title>
        <cusip>G86838128</cusip>
        <identifiers>
          <isin value="GB0008754136"/>
        </identifiers>
        <balance>60824.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>502807.41000000</valUSD>
        <pctVal>0.282535417931</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>UDG Healthcare Plc</name>
        <lei>549300IWG5ZPP6B8HH13</lei>
        <title>UDG Healthcare PLC </title>
        <cusip>G9285S108</cusip>
        <identifiers>
          <isin value="IE0033024807"/>
        </identifiers>
        <balance>26267.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>233461.09000000</valUSD>
        <pctVal>0.131185470464</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>Aisan Industry Co</name>
        <lei>N/A</lei>
        <title>Aisan Industry Co Ltd </title>
        <cusip>J00672105</cusip>
        <identifiers>
          <isin value="JP3101600009"/>
        </identifiers>
        <balance>22717.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>111615.75000000</valUSD>
        <pctVal>0.062718651210</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>The Miyazaki Bank, Ltd.</name>
        <lei>353800S4OVI1UXARXE24</lei>
        <title>The Miyazaki Bank, Ltd. </title>
        <cusip>J45894102</cusip>
        <identifiers>
          <isin value="JP3908000007"/>
        </identifiers>
        <balance>7500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>166211.09000000</valUSD>
        <pctVal>0.093396634266</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>Norwegian Finans Holding ASA</name>
        <lei>5967007LIEEXZX70WG48</lei>
        <title>Norwegian Finans Holding ASA </title>
        <cusip>R6349B103</cusip>
        <identifiers>
          <isin value="NO0010387004"/>
        </identifiers>
        <balance>149798.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.62427000"/>
        <valUSD>1034109.62000000</valUSD>
        <pctVal>0.581082513628</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>SKY Perfect JSAT Holdings Inc.</name>
        <lei>5299009SAF34W9TVEF26</lei>
        <title>SKY Perfect JSAT Holdings Inc </title>
        <cusip>J75606103</cusip>
        <identifiers>
          <isin value="JP3396350005"/>
        </identifiers>
        <balance>141517.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>526050.69000000</valUSD>
        <pctVal>0.295596183740</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>Hakuto Co Ltd</name>
        <lei>N/A</lei>
        <title>Hakuto Co Ltd </title>
        <cusip>J18113100</cusip>
        <identifiers>
          <isin value="JP3766400000"/>
        </identifiers>
        <balance>12700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>116143.55000000</valUSD>
        <pctVal>0.065262893479</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>Asahi Holdings Inc</name>
        <lei>353800W25FCOFE32EM73</lei>
        <title>Asahi Holdings Inc </title>
        <cusip>J02773109</cusip>
        <identifiers>
          <isin value="JP3116700000"/>
        </identifiers>
        <balance>22900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>609611.83000000</valUSD>
        <pctVal>0.342550506893</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>Loomis Ab</name>
        <lei>213800NS2XXVRYS7WP40</lei>
        <title>Loomis AB </title>
        <cusip>W5650X104</cusip>
        <identifiers>
          <isin value="SE0002683557"/>
        </identifiers>
        <balance>67781.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>1618959.03000000</valUSD>
        <pctVal>0.909718625974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Peab Ab</name>
        <lei>549300FQS4VD3153I854</lei>
        <title>Peab AB </title>
        <cusip>W9624E101</cusip>
        <identifiers>
          <isin value="SE0000106205"/>
        </identifiers>
        <balance>151135.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>1249095.11000000</valUSD>
        <pctVal>0.701886252909</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>Kaga Electronics Co</name>
        <lei>N/A</lei>
        <title>Kaga Electronics Co., Ltd. </title>
        <cusip>J28922102</cusip>
        <identifiers>
          <isin value="JP3206200002"/>
        </identifiers>
        <balance>29400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>534835.09000000</valUSD>
        <pctVal>0.300532276717</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>Tokyo Steel Mfg</name>
        <lei>N/A</lei>
        <title>Tokyo Steel Manufacturing Co., Ltd. </title>
        <cusip>J88204110</cusip>
        <identifiers>
          <isin value="JP3579800008"/>
        </identifiers>
        <balance>64200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>369715.71000000</valUSD>
        <pctVal>0.207749091527</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>Sawai Pharmaceutical Co. Ltd.</name>
        <lei>N/A</lei>
        <title>Sawai Pharmaceutical Company Limited </title>
        <cusip>J69811107</cusip>
        <identifiers>
          <isin value="JP3323050009"/>
        </identifiers>
        <balance>11900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>611626.50000000</valUSD>
        <pctVal>0.343682581757</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>UBE Industries Ltd</name>
        <lei>529900XMRZ2VNF3ZPS69</lei>
        <title>Ube Industries, Ltd. </title>
        <cusip>J93796159</cusip>
        <identifiers>
          <isin value="JP3158800007"/>
        </identifiers>
        <balance>5727.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>98700.54000000</valUSD>
        <pctVal>0.055461390911</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>Go-Ahead Group</name>
        <lei>2138009TF1SYOMQLBJ60</lei>
        <title>GO - AHEAD GROUP PLC </title>
        <cusip>G87976109</cusip>
        <identifiers>
          <isin value="GB0003753778"/>
        </identifiers>
        <balance>83240.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>863457.84000000</valUSD>
        <pctVal>0.485190585577</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>Morgan Sindall</name>
        <lei>2138008339ULDGZRB345</lei>
        <title>Morgan Sindall Group plc </title>
        <cusip>G81560107</cusip>
        <identifiers>
          <isin value="GB0008085614"/>
        </identifiers>
        <balance>19350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>294708.11000000</valUSD>
        <pctVal>0.165601137474</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>Mercialys S.A.</name>
        <lei>969500081CGAXB7YS433</lei>
        <title>Mercialys SA </title>
        <cusip>F61573105</cusip>
        <identifiers>
          <isin value="FR0010241638"/>
        </identifiers>
        <balance>132096.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>1107622.07000000</valUSD>
        <pctVal>0.622390319302</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>ASR NEDERLAND NV</name>
        <lei>7245000G0HS48PZWUD53</lei>
        <title>ASR Nederland NV </title>
        <cusip>N0709G103</cusip>
        <identifiers>
          <isin value="NL0011872643"/>
        </identifiers>
        <balance>14656.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>451015.62000000</valUSD>
        <pctVal>0.253432793861</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>Mediclinic International Plc</name>
        <lei>2138002S5BSBIZTD5I60</lei>
        <title>Mediclinic International plc </title>
        <cusip>G5960R100</cusip>
        <identifiers>
          <isin value="GB00B8HX8Z88"/>
        </identifiers>
        <balance>90654.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>297803.87000000</valUSD>
        <pctVal>0.167340693869</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>Serica Energy Plc</name>
        <lei>213800EZZOKA815VC426</lei>
        <title>Serica Energy PLC </title>
        <cusip>G80475109</cusip>
        <identifiers>
          <isin value="GB00B0CY5V57"/>
        </identifiers>
        <balance>14418.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>19586.80000000</valUSD>
        <pctVal>0.011006131997</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>The Nisshin OilliO Group Ltd</name>
        <lei>549300DMFXTY70ZEGQ59</lei>
        <title>Nisshin Oillio Group (The), Ltd. </title>
        <cusip>J57719122</cusip>
        <identifiers>
          <isin value="JP3677200002"/>
        </identifiers>
        <balance>16386.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>512801.64000000</valUSD>
        <pctVal>0.288151333476</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>Towa Pharm Co Ltd</name>
        <lei>35380036BH1C3PNO2426</lei>
        <title>Towa Pharmaceutical Company Ltd. </title>
        <cusip>J90505108</cusip>
        <identifiers>
          <isin value="JP3623150004"/>
        </identifiers>
        <balance>29473.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>545874.86000000</valUSD>
        <pctVal>0.306735697686</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>Sopra Steria Group</name>
        <lei>96950020QIOHAAK9V551</lei>
        <title>Sopra Steria Group </title>
        <cusip>F20906115</cusip>
        <identifiers>
          <isin value="FR0000050809"/>
        </identifiers>
        <balance>2631.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>325544.76000000</valUSD>
        <pctVal>0.182928737709</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>Sasseur Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>Sasseur Real Estate Investment Trust </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1ED2000000"/>
        </identifiers>
        <balance>1072600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.39354000"/>
        <valUSD>572726.56000000</valUSD>
        <pctVal>0.321824091634</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>NICHIAS Corporation</name>
        <lei>N/A</lei>
        <title>Nichias Corp </title>
        <cusip>J49205107</cusip>
        <identifiers>
          <isin value="JP3660400007"/>
        </identifiers>
        <balance>32900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>687569.55000000</valUSD>
        <pctVal>0.386356179926</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>Tekken Corp</name>
        <lei>N/A</lei>
        <title>Tekken Corporation </title>
        <cusip>J82883109</cusip>
        <identifiers>
          <isin value="JP3545600003"/>
        </identifiers>
        <balance>2882.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>55329.97000000</valUSD>
        <pctVal>0.031090783244</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>Galenica Ag</name>
        <lei>506700W4772BD8016Z20</lei>
        <title>Galenica AG </title>
        <cusip>H28456103</cusip>
        <identifiers>
          <isin value="CH0360674466"/>
        </identifiers>
        <balance>22788.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94747000"/>
        <valUSD>1633757.60000000</valUSD>
        <pctVal>0.918034175977</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>Aggreko Plc</name>
        <lei>2138003R7TGCSVF27H47</lei>
        <title>AGGREKO PLC </title>
        <cusip>G0116S185</cusip>
        <identifiers>
          <isin value="GB00BK1PTB77"/>
        </identifiers>
        <balance>39401.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>216680.75000000</valUSD>
        <pctVal>0.121756332626</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>SURUGA bank Ltd.</name>
        <lei>3538003A9JIMKE5G3M02</lei>
        <title>Suruga Bank Ltd. </title>
        <cusip>J78400108</cusip>
        <identifiers>
          <isin value="JP3411000007"/>
        </identifiers>
        <balance>240000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>843555.53000000</valUSD>
        <pctVal>0.474007163532</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>Gamesys Group Plc</name>
        <lei>213800J9SZ4YJ2RYMU17</lei>
        <title>Gamesys Group PLC </title>
        <cusip>G3727J107</cusip>
        <identifiers>
          <isin value="GB00BZ14BX56"/>
        </identifiers>
        <balance>89680.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>951589.08000000</valUSD>
        <pctVal>0.534712920036</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>Getinge Ab</name>
        <lei>5493003PZ4F570G3W735</lei>
        <title>GETINGE AB-B SHS </title>
        <cusip>W3443C107</cusip>
        <identifiers>
          <isin value="SE0000202624"/>
        </identifiers>
        <balance>81827.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>1524565.82000000</valUSD>
        <pctVal>0.856677591760</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>Toda Corp</name>
        <lei>N/A</lei>
        <title>Toda Corporation </title>
        <cusip>J84377100</cusip>
        <identifiers>
          <isin value="JP3627000007"/>
        </identifiers>
        <balance>60200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>389425.82000000</valUSD>
        <pctVal>0.218824513360</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>ACEA spa</name>
        <lei>549300Q3448N041CTH56</lei>
        <title>ACEA SpA </title>
        <cusip>T0040K106</cusip>
        <identifiers>
          <isin value="IT0001207098"/>
        </identifiers>
        <balance>47509.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>913668.43000000</valUSD>
        <pctVal>0.513404708417</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>Virtus Health Limited</name>
        <lei>N/A</lei>
        <title>Virtus Health Ltd </title>
        <cusip>Q945A0106</cusip>
        <identifiers>
          <isin value="AU000000VRT3"/>
        </identifiers>
        <balance>162658.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>319972.19000000</valUSD>
        <pctVal>0.179797422691</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>FOM Const Y Contra</name>
        <lei>95980020140005178328</lei>
        <title>Fomento de Construcciones y Contratas, S.A. </title>
        <cusip>E52236143</cusip>
        <identifiers>
          <isin value="ES0122060314"/>
        </identifiers>
        <balance>45787.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>433257.85000000</valUSD>
        <pctVal>0.243454422682</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>Trelleborg AB</name>
        <lei>213800XY16PAWG2PAD14</lei>
        <title>Trelleborg AB </title>
        <cusip>W96297101</cusip>
        <identifiers>
          <isin value="SE0000114837"/>
        </identifiers>
        <balance>34208.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>501816.46000000</valUSD>
        <pctVal>0.281978587489</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>Ioof Holdings Ltd</name>
        <lei>N/A</lei>
        <title>IOOF Holdings Ltd </title>
        <cusip>Q49809108</cusip>
        <identifiers>
          <isin value="AU000000IFL2"/>
        </identifiers>
        <balance>84807.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>291420.09000000</valUSD>
        <pctVal>0.163753547152</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>Edreams Odigeo</name>
        <lei>959800Y8LQ5MR2YZ4N96</lei>
        <title>eDreams ODIGEO S.A. </title>
        <cusip>L2841H108</cusip>
        <identifiers>
          <isin value="LU1048328220"/>
        </identifiers>
        <balance>48271.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>134342.66000000</valUSD>
        <pctVal>0.075489260568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HORNBACH-Baumarkt-AG</name>
        <lei>5299008WW53GLXRORN29</lei>
        <title>Hornbach-Baumarkt-Aktiengesellschaft </title>
        <cusip>D33904109</cusip>
        <identifiers>
          <isin value="DE0006084403"/>
        </identifiers>
        <balance>6029.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>194402.71000000</valUSD>
        <pctVal>0.109237950405</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>Clas Ohlson Ab</name>
        <lei>549300MH8OETHBBKJU80</lei>
        <title>Clas Ohlson AB </title>
        <cusip>W22137108</cusip>
        <identifiers>
          <isin value="SE0000584948"/>
        </identifiers>
        <balance>70334.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>788150.26000000</valUSD>
        <pctVal>0.442874068029</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>Man Group Plc (New)</name>
        <lei>2549003YWC1DW6LALB09</lei>
        <title>Man Group PLC </title>
        <cusip>G57991104</cusip>
        <identifiers>
          <isin value="JE00BJ1DLW90"/>
        </identifiers>
        <balance>244590.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>395979.10000000</valUSD>
        <pctVal>0.222506904802</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>Contact Energy Ltd</name>
        <lei>549300FT5JOXS1PZ1I32</lei>
        <title>Contact Energy Limited </title>
        <cusip>Q2818G104</cusip>
        <identifiers>
          <isin value="NZCENE0001S6"/>
        </identifiers>
        <balance>28567.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.54850000"/>
        <valUSD>116176.96000000</valUSD>
        <pctVal>0.065281667085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokuyama Corp</name>
        <lei>529900MHGZKHNMNCQB62</lei>
        <title>Tokuyama Corp </title>
        <cusip>J86506110</cusip>
        <identifiers>
          <isin value="JP3625000009"/>
        </identifiers>
        <balance>56000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>1324964.34000000</valUSD>
        <pctVal>0.744518370455</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>HUMANA AB</name>
        <lei>549300A5X3MXUDS67N81</lei>
        <title>Humana AB </title>
        <cusip>W4R62T240</cusip>
        <identifiers>
          <isin value="SE0008040653"/>
        </identifiers>
        <balance>52974.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>269952.72000000</valUSD>
        <pctVal>0.151690693195</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>Godo Steel Ltd</name>
        <lei>N/A</lei>
        <title>Godo Steel Ltd </title>
        <cusip>J17388117</cusip>
        <identifiers>
          <isin value="JP3307800007"/>
        </identifiers>
        <balance>20150.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>343550.49000000</valUSD>
        <pctVal>0.193046441524</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>Piaggio &amp; C. S.p.A.</name>
        <lei>8156000256C2431C2E92</lei>
        <title>Piaggio &amp; C. S.p.A. </title>
        <cusip>T74237107</cusip>
        <identifiers>
          <isin value="IT0003073266"/>
        </identifiers>
        <balance>351069.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>851102.27000000</valUSD>
        <pctVal>0.478247795825</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>Fletcher Building Limited</name>
        <lei>549300UPHQTT2LG75045</lei>
        <title>FLETCHER BUILDING LTD </title>
        <cusip>Q3915B105</cusip>
        <identifiers>
          <isin value="NZFBUE0001S0"/>
        </identifiers>
        <balance>78018.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.54850000"/>
        <valUSD>187886.64000000</valUSD>
        <pctVal>0.105576467849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Norstar Holdings Inc</name>
        <lei>N/A</lei>
        <title>Norstar Holdings Inc </title>
        <cusip>P7311Y107</cusip>
        <identifiers>
          <isin value="PAL0605071A3"/>
        </identifiers>
        <balance>15515.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.46500000"/>
        <valUSD>76835.60000000</valUSD>
        <pctVal>0.043175136098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Signify Nv</name>
        <lei>549300072P3J1X8NZO35</lei>
        <title>Signify N.V. </title>
        <cusip>N8063K107</cusip>
        <identifiers>
          <isin value="NL0011821392"/>
        </identifiers>
        <balance>71403.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>1836132.44000000</valUSD>
        <pctVal>1.031751792029</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>Credit Saison Co Ltd</name>
        <lei>529900SV58ZWTGRH3A66</lei>
        <title>CREDIT SAISON CO LTD </title>
        <cusip>J7007M109</cusip>
        <identifiers>
          <isin value="JP3271400008"/>
        </identifiers>
        <balance>68800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>790506.77000000</valUSD>
        <pctVal>0.444198228183</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>Vistry Group Plc</name>
        <lei>2138001KOWN7CG9SLK53</lei>
        <title>Vistry Group plc </title>
        <cusip>G9424B107</cusip>
        <identifiers>
          <isin value="GB0001859296"/>
        </identifiers>
        <balance>142268.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>1253118.16000000</valUSD>
        <pctVal>0.704146868188</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>Sanshin Electronic</name>
        <lei>N/A</lei>
        <title>Sanshin Electronics Co., Ltd. 29</title>
        <cusip>J68381110</cusip>
        <identifiers>
          <isin value="JP3333200008"/>
        </identifiers>
        <balance>12800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>182854.20000000</valUSD>
        <pctVal>0.102748660401</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>STAR ASIA INVESTOMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>Star Asia Investment Corp. </title>
        <cusip>J76639103</cusip>
        <identifiers>
          <isin value="JP3048200004"/>
        </identifiers>
        <balance>290.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>256549.08000000</valUSD>
        <pctVal>0.144158976371</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>SUN Hung Kai &amp; Co. Limited</name>
        <lei>N/A</lei>
        <title>Sun Hung Kai &amp; Co Ltd </title>
        <cusip>Y82415103</cusip>
        <identifiers>
          <isin value="HK0086000525"/>
        </identifiers>
        <balance>1072000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75052000"/>
        <valUSD>421961.10000000</valUSD>
        <pctVal>0.237106600595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Life Corporation</name>
        <lei>N/A</lei>
        <title>Life Corporation </title>
        <cusip>J38828109</cusip>
        <identifiers>
          <isin value="JP3966600003"/>
        </identifiers>
        <balance>10400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>334216.86000000</valUSD>
        <pctVal>0.187801727543</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>Chow Sang Sang Hld</name>
        <lei>N/A</lei>
        <title>Chow Sang Sang Holdings International Limited </title>
        <cusip>G2113M120</cusip>
        <identifiers>
          <isin value="BMG2113M1203"/>
        </identifiers>
        <balance>313000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75052000"/>
        <valUSD>332896.09000000</valUSD>
        <pctVal>0.187059566039</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>Phoenix Group Holdings Plc</name>
        <lei>2138001P49OLAEU33T68</lei>
        <title>Phoenix Group Holdings PLC </title>
        <cusip>G7S8MZ109</cusip>
        <identifiers>
          <isin value="GB00BGXQNP29"/>
        </identifiers>
        <balance>59124.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>472448.71000000</valUSD>
        <pctVal>0.265476385344</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>Atea Asa</name>
        <lei>5967007LIEEXZXINVS13</lei>
        <title>ATEA ASA </title>
        <cusip>R0728G106</cusip>
        <identifiers>
          <isin value="NO0004822503"/>
        </identifiers>
        <balance>108399.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.62427000"/>
        <valUSD>1049219.51000000</valUSD>
        <pctVal>0.589572999252</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>VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe</name>
        <lei>549300JCRU23I1THU176</lei>
        <title>VIENNA INSURANC - RECLAIM </title>
        <cusip>A9142L128</cusip>
        <identifiers>
          <isin value="AT0000908504"/>
        </identifiers>
        <balance>7397.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>165892.67000000</valUSD>
        <pctVal>0.093217709043</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>LA Doria Spa</name>
        <lei>815600857F45E3102897</lei>
        <title>La Doria S.p.A </title>
        <cusip>T6299F102</cusip>
        <identifiers>
          <isin value="IT0001055521"/>
        </identifiers>
        <balance>8456.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>107995.02000000</valUSD>
        <pctVal>0.060684105889</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>Hosiden Corp</name>
        <lei>353800IQGIGW1XT2JX97</lei>
        <title>Hosiden Corporation </title>
        <cusip>J22470108</cusip>
        <identifiers>
          <isin value="JP3845800006"/>
        </identifiers>
        <balance>61300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>539065.68000000</valUSD>
        <pctVal>0.302909511996</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>Plus500 Ltd</name>
        <lei>549300X8NGW9C5OJZU13</lei>
        <title>Plus500 Ltd </title>
        <cusip>M7S2CK109</cusip>
        <identifiers>
          <isin value="IL0011284465"/>
        </identifiers>
        <balance>85632.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>1396696.49000000</valUSD>
        <pctVal>0.784825797467</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>REN - Redes Energeticas Nacionais, SGPS, S.A</name>
        <lei>549300FR1FN48IGHR915</lei>
        <title>REN - Redes Energeticas Nacionais, SGPS, S.A. </title>
        <cusip>X70955103</cusip>
        <identifiers>
          <isin value="PTREL0AM0008"/>
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        <balance>44122.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>120422.46000000</valUSD>
        <pctVal>0.067667280528</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>Yuasa Trading Co</name>
        <lei>N/A</lei>
        <title>Yuasa Trading Co., Ltd. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3945200008"/>
        </identifiers>
        <balance>21254.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>574543.57000000</valUSD>
        <pctVal>0.322845098225</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>Bekaert Sa</name>
        <lei>5493008SR6XZECH6BN71</lei>
        <title>Bekaert SA </title>
        <cusip>B6346B111</cusip>
        <identifiers>
          <isin value="BE0974258874"/>
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        <balance>5918.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>116369.03000000</valUSD>
        <pctVal>0.065389594249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bawag Group Ag</name>
        <lei>529900S9YO2JHTIIDG38</lei>
        <title>BAWAG Group AG </title>
        <cusip>A0997C107</cusip>
        <identifiers>
          <isin value="AT0000BAWAG2"/>
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        <balance>23412.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>810263.51000000</valUSD>
        <pctVal>0.455299852149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Granges AB</name>
        <lei>5493006UG44TYSIXOB13</lei>
        <title>GRANGES AB </title>
        <cusip>W38254111</cusip>
        <identifiers>
          <isin value="SE0006288015"/>
        </identifiers>
        <balance>60146.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>479445.70000000</valUSD>
        <pctVal>0.269408104437</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>Hikma Pharmaceuticals PLC</name>
        <lei>549300BNS685UXH4JI75</lei>
        <title>HIKMA PHARMACEUTICALS PLC </title>
        <cusip>G4576K104</cusip>
        <identifiers>
          <isin value="GB00B0LCW083"/>
        </identifiers>
        <balance>21588.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>592389.17000000</valUSD>
        <pctVal>0.332872822467</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>Rexel, S.A.</name>
        <lei>969500N6AVPA51648T62</lei>
        <title>Rexel S.A. </title>
        <cusip>F7782J366</cusip>
        <identifiers>
          <isin value="FR0010451203"/>
        </identifiers>
        <balance>128649.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>1474756.59000000</valUSD>
        <pctVal>0.828688999438</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>Beach Energy Limited</name>
        <lei>8Q9PJD25OKTQT5FHUF40</lei>
        <title>Beach Energy Ltd </title>
        <cusip>Q13921103</cusip>
        <identifiers>
          <isin value="AU000000BPT9"/>
        </identifiers>
        <balance>464594.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>496358.89000000</valUSD>
        <pctVal>0.278911892786</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>Axial Retailing Inc</name>
        <lei>N/A</lei>
        <title>Axial Retailing Inc </title>
        <cusip>J18795104</cusip>
        <identifiers>
          <isin value="JP3772400002"/>
        </identifiers>
        <balance>9799.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>392264.57000000</valUSD>
        <pctVal>0.220419651780</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>Orange Belgium</name>
        <lei>5493007JS0ZHJVBUWP18</lei>
        <title>MOBISTAR SA </title>
        <cusip>B60667100</cusip>
        <identifiers>
          <isin value="BE0003735496"/>
        </identifiers>
        <balance>42472.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>693066.77000000</valUSD>
        <pctVal>0.389445154590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eagle Hospitality Trust</name>
        <lei>N/A</lei>
        <title>Eagle Hospitality Trust </title>
        <cusip>Y2188L106</cusip>
        <identifiers>
          <isin value="SGXC28500103"/>
        </identifiers>
        <balance>1204600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>165030.20000000</valUSD>
        <pctVal>0.092733073540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Australian Pharmac</name>
        <lei>254900EY97OAX8NFLD75</lei>
        <title>Australian Pharmaceutical Indu </title>
        <cusip>Q1075Q102</cusip>
        <identifiers>
          <isin value="AU000000API4"/>
        </identifiers>
        <balance>1244900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>986254.63000000</valUSD>
        <pctVal>0.554192039600</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>Drax Group</name>
        <lei>549300YPSNTXR4ZHSR98</lei>
        <title>Drax Group plc </title>
        <cusip>G2904K127</cusip>
        <identifiers>
          <isin value="GB00B1VNSX38"/>
        </identifiers>
        <balance>420203.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>1341030.98000000</valUSD>
        <pctVal>0.753546469001</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>Hitachi Capital Corporation</name>
        <lei>353800YUHF3P4VZ74A67</lei>
        <title>Hitachi Capital Corporation </title>
        <cusip>J20286118</cusip>
        <identifiers>
          <isin value="JP3786600001"/>
        </identifiers>
        <balance>22183.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>491047.32000000</valUSD>
        <pctVal>0.275927237787</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>Wereldhave NV</name>
        <lei>724500YRQCY3BD9RJZ92</lei>
        <title>WERELDHAVE N.V. </title>
        <cusip>N95060120</cusip>
        <identifiers>
          <isin value="NL0000289213"/>
        </identifiers>
        <balance>13285.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>122472.65000000</valUSD>
        <pctVal>0.068819314641</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>Tassal Group</name>
        <lei>N/A</lei>
        <title>Tassal Group Ltd </title>
        <cusip>Q8881G103</cusip>
        <identifiers>
          <isin value="AU000000TGR4"/>
        </identifiers>
        <balance>367454.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>879866.70000000</valUSD>
        <pctVal>0.494410982941</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>Strauss Group Ltd</name>
        <lei>254900GBA9EK5FGVQA80</lei>
        <title>Strauss Group Ltd </title>
        <cusip>M8553H110</cusip>
        <identifiers>
          <isin value="IL0007460160"/>
        </identifiers>
        <balance>27979.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.46500000"/>
        <valUSD>775519.06000000</valUSD>
        <pctVal>0.435776397430</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>Cineworld Group</name>
        <lei>213800J2J3TOOI176M73</lei>
        <title>Cineworld Group plc </title>
        <cusip>G219AH100</cusip>
        <identifiers>
          <isin value="GB00B15FWH70"/>
        </identifiers>
        <balance>153009.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>114862.45000000</valUSD>
        <pctVal>0.064543023173</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>Chubu Shiryo Co</name>
        <lei>N/A</lei>
        <title>CHUBU SHIRYO CO. LTD. </title>
        <cusip>J06678106</cusip>
        <identifiers>
          <isin value="JP3525400002"/>
        </identifiers>
        <balance>19288.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>292328.46000000</valUSD>
        <pctVal>0.164263974589</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>Aventus Group</name>
        <lei>N/A</lei>
        <title>Aventus Group </title>
        <cusip>Q1R25C105</cusip>
        <identifiers>
          <isin value="AU000000AVN2"/>
        </identifiers>
        <balance>405946.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>589626.34000000</valUSD>
        <pctVal>0.331320344692</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>Austal Limited</name>
        <lei>254900DJEFGICBICBU73</lei>
        <title>AUSTAL LIMITED </title>
        <cusip>Q07106109</cusip>
        <identifiers>
          <isin value="AU000000ASB3"/>
        </identifiers>
        <balance>492252.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>1109607.35000000</valUSD>
        <pctVal>0.623505879462</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>SembCorp Industries Ltd</name>
        <lei>254900J0FF14U6TPQM96</lei>
        <title>SEMBCORP INDUSTRIES LTD </title>
        <cusip>Y79711159</cusip>
        <identifiers>
          <isin value="SG1R50925390"/>
        </identifiers>
        <balance>137200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.39354000"/>
        <valUSD>173683.22000000</valUSD>
        <pctVal>0.097595342022</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>Perenti Global Limited</name>
        <lei>25490044GUNE4S2E6K11</lei>
        <title>Ausdrill Limited </title>
        <cusip>Q73992101</cusip>
        <identifiers>
          <isin value="AU0000061897"/>
        </identifiers>
        <balance>1326829.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>1077309.14000000</valUSD>
        <pctVal>0.605357005600</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>Totetsu Kogyo Co</name>
        <lei>N/A</lei>
        <title>TOTETSU KOGYO CO., LTD. </title>
        <cusip>J90182106</cusip>
        <identifiers>
          <isin value="JP3595400007"/>
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        <balance>12550.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>316806.48000000</valUSD>
        <pctVal>0.178018560287</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>Charter Hall Long Wale Reit</name>
        <lei>N/A</lei>
        <title>Charter Hall Long Wale REIT </title>
        <cusip>Q2308E106</cusip>
        <identifiers>
          <isin value="AU000000CLW0"/>
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        <balance>295310.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>880997.98000000</valUSD>
        <pctVal>0.495046667025</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>Inwido AB</name>
        <lei>529900A9NKQW5UTHBG13</lei>
        <title>Inwido AB </title>
        <cusip>W5R447107</cusip>
        <identifiers>
          <isin value="SE0006220018"/>
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        <balance>156759.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>1093615.60000000</valUSD>
        <pctVal>0.614519862789</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>Resurs Holding Ab</name>
        <lei>5493006KHWZ6OVF3IO54</lei>
        <title>Resurs Holding AB </title>
        <cusip>W7552F108</cusip>
        <identifiers>
          <isin value="SE0007665823"/>
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        <balance>58918.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>243008.91000000</valUSD>
        <pctVal>0.136550541186</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>Kaken Pharmaceutical Co</name>
        <lei>N/A</lei>
        <title>Kaken Pharmaceutical Co Ltd </title>
        <cusip>J29266103</cusip>
        <identifiers>
          <isin value="JP3207000005"/>
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        <balance>24900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>1275131.14000000</valUSD>
        <pctVal>0.716516309012</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>Vicat</name>
        <lei>9695009YI1863TOVDP79</lei>
        <title>Vicat S.A. </title>
        <cusip>F18060107</cusip>
        <identifiers>
          <isin value="FR0000031775"/>
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        <balance>15162.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>465985.73000000</valUSD>
        <pctVal>0.261844734897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aperam SA</name>
        <lei>5493001136GE6L4R7M63</lei>
        <title>APERAM SA </title>
        <cusip>L0187K107</cusip>
        <identifiers>
          <isin value="LU0569974404"/>
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        <balance>28865.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>809372.36000000</valUSD>
        <pctVal>0.454799100902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ontex Group NV</name>
        <lei>549300AQESC6JJOPW253</lei>
        <title>Ontex Group NV </title>
        <cusip>B6S9X0109</cusip>
        <identifiers>
          <isin value="BE0974276082"/>
        </identifiers>
        <balance>16540.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>243173.93000000</valUSD>
        <pctVal>0.136643268528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daiwabo Co Ltd</name>
        <lei>N/A</lei>
        <title>Daiwabo Holdings Company Ltd. </title>
        <cusip>J11256104</cusip>
        <identifiers>
          <isin value="JP3505400006"/>
        </identifiers>
        <balance>21200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>1391325.12000000</valUSD>
        <pctVal>0.781807539904</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>Per Aarsleff Holding A/S</name>
        <lei>5493008HS8STXVZXYZ63</lei>
        <title>PER AARSLEFF Holding A/S </title>
        <cusip>K7627X145</cusip>
        <identifiers>
          <isin value="DK0060700516"/>
        </identifiers>
        <balance>30049.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.63321000"/>
        <valUSD>1082768.08000000</valUSD>
        <pctVal>0.608424470128</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>Dialog Semiconductor PLC</name>
        <lei>529900QA2LORU6646N15</lei>
        <title>Dialog Semiconductor plc </title>
        <cusip>G5821P111</cusip>
        <identifiers>
          <isin value="GB0059822006"/>
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        <balance>20161.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>921714.20000000</valUSD>
        <pctVal>0.517925753541</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>Kureha Corporation</name>
        <lei>N/A</lei>
        <title>Kureha Corporation </title>
        <cusip>J37049111</cusip>
        <identifiers>
          <isin value="JP3271600003"/>
        </identifiers>
        <balance>8000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>351729.86000000</valUSD>
        <pctVal>0.197642558597</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>Cawachi Limited</name>
        <lei>N/A</lei>
        <title>Cawachi Limited </title>
        <cusip>J0535K109</cusip>
        <identifiers>
          <isin value="JP3226450009"/>
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        <balance>20500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>529478.55000000</valUSD>
        <pctVal>0.297522352365</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>San ju San Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>San ju San Financial Group Inc </title>
        <cusip>J67264101</cusip>
        <identifiers>
          <isin value="JP3333500001"/>
        </identifiers>
        <balance>15965.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>196150.90000000</valUSD>
        <pctVal>0.110220285952</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>Pacific Textiles H</name>
        <lei>5299009IC8ZP94KPH034</lei>
        <title>Pacific Textiles Holdings Limited </title>
        <cusip>G68612103</cusip>
        <identifiers>
          <isin value="KYG686121032"/>
        </identifiers>
        <balance>1572000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75052000"/>
        <valUSD>761977.60000000</valUSD>
        <pctVal>0.428167237373</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>Japan Hotel REIT Investment Corporation</name>
        <lei>353800L8KG849FP1JI68</lei>
        <title>JAPAN HOTEL REIT INVESTMENT </title>
        <cusip>J2761Q107</cusip>
        <identifiers>
          <isin value="JP3046400002"/>
        </identifiers>
        <balance>2909.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>1206673.19000000</valUSD>
        <pctVal>0.678048706647</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>Lippo Malls Indonesia Retail Trust</name>
        <lei>5493003TYHRXE6MX7954</lei>
        <title>Lippo Malls Indonesia Retail T </title>
        <cusip>Y5309Y113</cusip>
        <identifiers>
          <isin value="SG1W27938677"/>
        </identifiers>
        <balance>2028629.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.39354000"/>
        <valUSD>198418.53000000</valUSD>
        <pctVal>0.111494503032</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>Stagecoach Group plc</name>
        <lei>4L663LRNTBQ008OK2N07</lei>
        <title>Stagecoach Group PLC </title>
        <cusip>G8403M233</cusip>
        <identifiers>
          <isin value="GB00B6YTLS95"/>
        </identifiers>
        <balance>331438.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>245515.05000000</valUSD>
        <pctVal>0.137958780798</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>Best World Intl</name>
        <lei>N/A</lei>
        <title>Best World International Limited </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1DG3000004"/>
        </identifiers>
        <balance>88900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.39354000"/>
        <valUSD>73743.16000000</valUSD>
        <pctVal>0.041437445263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kenedix Retail REIT Corporation</name>
        <lei>N/A</lei>
        <title>Kenedix Retail REIT Corporation </title>
        <cusip>J3243R101</cusip>
        <identifiers>
          <isin value="JP3047900000"/>
        </identifiers>
        <balance>139.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>260245.34000000</valUSD>
        <pctVal>0.146235963192</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>Lar Espana Real Estate Socimi SA</name>
        <lei>9598002PHMH00MHN3741</lei>
        <title>Lar Espana Real Estate SOCIMI, S.A. </title>
        <cusip>E7S5A1113</cusip>
        <identifiers>
          <isin value="ES0105015012"/>
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        <balance>68801.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>359119.73000000</valUSD>
        <pctVal>0.201795043161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vtech Hldgs</name>
        <lei>N/A</lei>
        <title>VTech Holdings Limited </title>
        <cusip>G9400S132</cusip>
        <identifiers>
          <isin value="BMG9400S1329"/>
        </identifiers>
        <balance>29438.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75052000"/>
        <valUSD>177339.24000000</valUSD>
        <pctVal>0.099649717352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fuyo General Lease</name>
        <lei>N/A</lei>
        <title>Fuyo General Lease Co., Ltd. 28</title>
        <cusip>J1755C108</cusip>
        <identifiers>
          <isin value="JP3826270005"/>
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        <balance>10400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>579467.50000000</valUSD>
        <pctVal>0.325611932191</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>Faurecia S.E.</name>
        <lei>969500F0VMZLK2IULV85</lei>
        <title>Faurecia </title>
        <cusip>F3445A108</cusip>
        <identifiers>
          <isin value="FR0000121147"/>
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        <balance>8623.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>338852.50000000</valUSD>
        <pctVal>0.190406566809</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>Valiant Holding Ag</name>
        <lei>529900R30EKFHO09CN42</lei>
        <title>Valiant Holding AG-REG </title>
        <cusip>H90203128</cusip>
        <identifiers>
          <isin value="CH0014786500"/>
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        <balance>6082.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.94747000"/>
        <valUSD>567512.17000000</valUSD>
        <pctVal>0.318894043610</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>Integrated Researc</name>
        <lei>N/A</lei>
        <title>Integrated Research Limited </title>
        <cusip>Q49372107</cusip>
        <identifiers>
          <isin value="AU000000IRI3"/>
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        <balance>172163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>459543.21000000</valUSD>
        <pctVal>0.258224581246</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>JB Hi-Fi</name>
        <lei>529900TPC8H040Y3ZQ65</lei>
        <title>JB HI-FI LIMITED </title>
        <cusip>Q5029L101</cusip>
        <identifiers>
          <isin value="AU000000JBH7"/>
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        <balance>25167.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>753016.91000000</valUSD>
        <pctVal>0.423132084263</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>Kandenko Co Ltd</name>
        <lei>35380080NSN7GCYZ3X14</lei>
        <title>KANDENKO CO., LTD. </title>
        <cusip>J29653102</cusip>
        <identifiers>
          <isin value="JP3230600003"/>
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        <balance>68900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>585622.73000000</valUSD>
        <pctVal>0.329070653057</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>Inabata &amp; Co Ltd</name>
        <lei>N/A</lei>
        <title>Inabata &amp; Co Ltd </title>
        <cusip>J23704109</cusip>
        <identifiers>
          <isin value="JP3146000009"/>
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        <balance>68200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>826615.22000000</valUSD>
        <pctVal>0.464488136026</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>Fuso Pharm</name>
        <lei>N/A</lei>
        <title>Fuso Pharmaceutical Industries </title>
        <cusip>J16716102</cusip>
        <identifiers>
          <isin value="JP3823600006"/>
        </identifiers>
        <balance>6000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>139518.77000000</valUSD>
        <pctVal>0.078397798455</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>Kyudenko Corp</name>
        <lei>N/A</lei>
        <title>Kyudenko Corporation </title>
        <cusip>J38425104</cusip>
        <identifiers>
          <isin value="JP3247050002"/>
        </identifiers>
        <balance>21700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>640523.01000000</valUSD>
        <pctVal>0.359919986710</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>Buzzi Unicem</name>
        <lei>5299003DX5YLKSVJ6K59</lei>
        <title>Buzzi Unicem Spa - Senza Vincoli Di Rappresentazione Grafica</title>
        <cusip>T2320M117</cusip>
        <identifiers>
          <isin value="IT0001369427"/>
        </identifiers>
        <balance>41147.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>513163.29000000</valUSD>
        <pctVal>0.288354550318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>Playtech Plc</name>
        <lei>21380068TTB6Z9ZEU548</lei>
        <title>PLAYTECH PLC </title>
        <cusip>G7132V100</cusip>
        <identifiers>
          <isin value="IM00B7S9G985"/>
        </identifiers>
        <balance>69747.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>243693.28000000</valUSD>
        <pctVal>0.136935099488</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>OIL Refineries Ltd</name>
        <lei>213800CWUC7NV7VR3D03</lei>
        <title>Oil Refineries Ltd </title>
        <cusip>M7521B106</cusip>
        <identifiers>
          <isin value="IL0025902482"/>
        </identifiers>
        <balance>304636.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.46500000"/>
        <valUSD>56863.19000000</valUSD>
        <pctVal>0.031952323756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IS</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Betsson Ab</name>
        <lei>549300W61XW8OFGBG077</lei>
        <title>Betsson AB Rights Redemption Shares redeemable @ 2.88 SEK</title>
        <cusip>W1556U567</cusip>
        <identifiers>
          <isin value="SE0014186557"/>
        </identifiers>
        <balance>142356.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>43838.98000000</valUSD>
        <pctVal>0.024633814636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Italgas Spa</name>
        <lei>815600F25FF44EF1FA76</lei>
        <title>ITALGAS SPA </title>
        <cusip>T6R89Z103</cusip>
        <identifiers>
          <isin value="IT0005211237"/>
        </identifiers>
        <balance>116571.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>678534.91000000</valUSD>
        <pctVal>0.381279473144</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>Conexio Corporation Limited</name>
        <lei>N/A</lei>
        <title>CONEXIO Corp </title>
        <cusip>J2501E109</cusip>
        <identifiers>
          <isin value="JP3104870005"/>
        </identifiers>
        <balance>35561.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>470744.45000000</valUSD>
        <pctVal>0.264518734757</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>Micro Focus International Plc</name>
        <lei>213800F8E4X648142844</lei>
        <title>Micro Focus International PLC 29</title>
        <cusip>G6117L194</cusip>
        <identifiers>
          <isin value="GB00BJ1F4N75"/>
        </identifiers>
        <balance>16029.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>85514.17000000</valUSD>
        <pctVal>0.048051761528</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>Eagle Industry Co</name>
        <lei>N/A</lei>
        <title>Eagle Industry Company, Ltd. </title>
        <cusip>J12558110</cusip>
        <identifiers>
          <isin value="JP3130400009"/>
        </identifiers>
        <balance>24500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>164532.58000000</valUSD>
        <pctVal>0.092453453010</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>Menora Mivtachim</name>
        <lei>2549009I6K3RDXFFY773</lei>
        <title>Menora Mivtachim Holdings Ltd. 30</title>
        <cusip>M69333108</cusip>
        <identifiers>
          <isin value="IL0005660183"/>
        </identifiers>
        <balance>7806.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.46500000"/>
        <valUSD>78521.48000000</valUSD>
        <pctVal>0.044122458673</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>Redde Northgate PLC</name>
        <lei>213800B3ZUTDOZYVJB41</lei>
        <title>Redde Northgate Plc </title>
        <cusip>G6644T140</cusip>
        <identifiers>
          <isin value="GB00B41H7391"/>
        </identifiers>
        <balance>437762.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>900031.73000000</valUSD>
        <pctVal>0.505742031501</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>Sumitomo Forestry Co Ltd</name>
        <lei>549300FIIRGO6D5FWR19</lei>
        <title>SUMITOMO FORESTRY CO </title>
        <cusip>J77454122</cusip>
        <identifiers>
          <isin value="JP3409800004"/>
        </identifiers>
        <balance>58500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>735977.52000000</valUSD>
        <pctVal>0.413557382142</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>Dws Group Se</name>
        <lei>529900VM3464806ERS69</lei>
        <title>DWS Group GmbH &amp; Co. KGaA </title>
        <cusip>D23390103</cusip>
        <identifiers>
          <isin value="DE000DWS1007"/>
        </identifiers>
        <balance>17782.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>648050.99000000</valUSD>
        <pctVal>0.364150077463</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>Allreal Holding AG</name>
        <lei>5067006XH174LA44H658</lei>
        <title>Allreal Holding AG </title>
        <cusip>H0151D100</cusip>
        <identifiers>
          <isin value="CH0008837566"/>
        </identifiers>
        <balance>2030.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94747000"/>
        <valUSD>402414.69000000</valUSD>
        <pctVal>0.226123164376</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>Torm Plc</name>
        <lei>213800VL1H1ABVM1ZF63</lei>
        <title>TORM PLC </title>
        <cusip>G89479102</cusip>
        <identifiers>
          <isin value="GB00BZ3CNK81"/>
        </identifiers>
        <balance>69002.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.63321000"/>
        <valUSD>476256.53000000</valUSD>
        <pctVal>0.267616059489</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>Marudai Food Company Limited</name>
        <lei>353800LHI69F4PWPX646</lei>
        <title>Marudai Food Co., Ltd. 22</title>
        <cusip>J39831128</cusip>
        <identifiers>
          <isin value="JP3876400007"/>
        </identifiers>
        <balance>26820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>472918.67000000</valUSD>
        <pctVal>0.265740463284</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>Spire Healthcare Group Plc</name>
        <lei>213800IBJPW3SE2RA350</lei>
        <title>Spire Healthcare Group PLC </title>
        <cusip>G83577109</cusip>
        <identifiers>
          <isin value="GB00BNLPYF73"/>
        </identifiers>
        <balance>320595.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>339174.45000000</valUSD>
        <pctVal>0.190587475595</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>Betsson Ab</name>
        <lei>549300W61XW8OFGBG077</lei>
        <title>Betsson AB </title>
        <cusip>W1556U542</cusip>
        <identifiers>
          <isin value="SE0014186532"/>
        </identifiers>
        <balance>142356.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.31960000"/>
        <valUSD>992325.27000000</valUSD>
        <pctVal>0.557603228010</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>Centamin Plc</name>
        <lei>213800PDI9G7OUKLPV84</lei>
        <title>Centamin plc </title>
        <cusip>G2055Q105</cusip>
        <identifiers>
          <isin value="JE00B5TT1872"/>
        </identifiers>
        <balance>66623.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>152076.28000000</valUSD>
        <pctVal>0.085454061481</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>Avast Plc</name>
        <lei>213800IR8G8LCZH4BO27</lei>
        <title>Avast PLC </title>
        <cusip>G0713S109</cusip>
        <identifiers>
          <isin value="GB00BDD85M81"/>
        </identifiers>
        <balance>139237.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>910019.76000000</valUSD>
        <pctVal>0.511354463168</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>Aida Engineering</name>
        <lei>N/A</lei>
        <title>AIDA ENGINEERING, LTD. </title>
        <cusip>J00546101</cusip>
        <identifiers>
          <isin value="JP3102400003"/>
        </identifiers>
        <balance>11119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>75237.50000000</valUSD>
        <pctVal>0.042277138490</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>Ferrexpo Plc</name>
        <lei>213800CEDKSNUTPAQZ41</lei>
        <title>Ferrexpo PLC </title>
        <cusip>G3435Y107</cusip>
        <identifiers>
          <isin value="GB00B1XH2C03"/>
        </identifiers>
        <balance>796577.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>1710708.46000000</valUSD>
        <pctVal>0.961274078489</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>Xebio Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>XEBIO holdings Co.,Ltd. </title>
        <cusip>J95204103</cusip>
        <identifiers>
          <isin value="JP3428800001"/>
        </identifiers>
        <balance>55900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>435517.93000000</valUSD>
        <pctVal>0.244724397298</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>Mediaset Espana Comunicacion Sa</name>
        <lei>95980020140005021479</lei>
        <title>Mediaset Espana Comunicacion, S.A. </title>
        <cusip>E7418Y101</cusip>
        <identifiers>
          <isin value="ES0152503035"/>
        </identifiers>
        <balance>301518.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>1118573.84000000</valUSD>
        <pctVal>0.628544291683</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>Derichebourg SA</name>
        <lei>969500QOO4C4IPGID263</lei>
        <title>Derichebourg SA </title>
        <cusip>F2546C237</cusip>
        <identifiers>
          <isin value="FR0000053381"/>
        </identifiers>
        <balance>155972.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>449455.25000000</valUSD>
        <pctVal>0.252555997335</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>Nippon Light Metal Holdings Company, Ltd.</name>
        <lei>353800J9KCFJSF2CGT47</lei>
        <title>NIPPON LIGHT METAL HOLDINGS </title>
        <cusip>J5470A107</cusip>
        <identifiers>
          <isin value="JP3700200003"/>
        </identifiers>
        <balance>12400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>21721.91000000</valUSD>
        <pctVal>0.012205883998</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>Raiznext Corporation</name>
        <lei>N/A</lei>
        <title>Raiznext Corp </title>
        <cusip>J73456105</cusip>
        <identifiers>
          <isin value="JP3331600001"/>
        </identifiers>
        <balance>26780.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>302651.79000000</valUSD>
        <pctVal>0.170064816617</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>Workspace Group</name>
        <lei>2138003GUZRFIN3UT430</lei>
        <title>Workspace Group PLC </title>
        <cusip>G5595E136</cusip>
        <identifiers>
          <isin value="GB00B67G5X01"/>
        </identifiers>
        <balance>34035.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>276082.66000000</valUSD>
        <pctVal>0.155135203211</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>Scandinavian Tobacco Group A/s</name>
        <lei>5299003KG4JS99TRML67</lei>
        <title>Scandinavian Tobacco Group A/S </title>
        <cusip>K8553U105</cusip>
        <identifiers>
          <isin value="DK0060696300"/>
        </identifiers>
        <balance>98366.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.63321000"/>
        <valUSD>1452382.40000000</valUSD>
        <pctVal>0.816116589014</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>Super Retail Group Ltd</name>
        <lei>N/A</lei>
        <title>SUPER RETAIL GROUP LTD </title>
        <cusip>Q88009107</cusip>
        <identifiers>
          <isin value="AU000000SUL0"/>
        </identifiers>
        <balance>260183.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>1463943.98000000</valUSD>
        <pctVal>0.822613223257</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>Sunrise Communications Group AG</name>
        <lei>529900AGH8BSNXVZ3D52</lei>
        <title>Sunrise Communications Group A </title>
        <cusip>H83659104</cusip>
        <identifiers>
          <isin value="CH0267291224"/>
        </identifiers>
        <balance>22236.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94747000"/>
        <valUSD>1977779.16000000</valUSD>
        <pctVal>1.111345319169</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>Feed One Co Ltd</name>
        <lei>N/A</lei>
        <title>FEED ONE CO., LTD. </title>
        <cusip>J1346M102</cusip>
        <identifiers>
          <isin value="JP3802960009"/>
        </identifiers>
        <balance>131846.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>246846.70000000</valUSD>
        <pctVal>0.138707055947</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>Hokuriku Electric Power Co Inc</name>
        <lei>353800Z4ZNGBULYR8W57</lei>
        <title>HOKURIKU ELECTRIC POWER C </title>
        <cusip>J22050108</cusip>
        <identifiers>
          <isin value="JP3845400005"/>
        </identifiers>
        <balance>13700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>87163.56000000</valUSD>
        <pctVal>0.048978579796</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>Hornbach Holding KGaA</name>
        <lei>529900EGQZ79V21LBL44</lei>
        <title>HORNBACH Holding AG &amp; Co. KGaA </title>
        <cusip>D33875119</cusip>
        <identifiers>
          <isin value="DE0006083405"/>
        </identifiers>
        <balance>17167.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>1423584.38000000</valUSD>
        <pctVal>0.799934527146</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>Bpost Sa/Nv</name>
        <lei>5493008AAX0BESN9WN06</lei>
        <title>bpost SA </title>
        <cusip>B1306V108</cusip>
        <identifiers>
          <isin value="BE0974268972"/>
        </identifiers>
        <balance>184926.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>1250176.65000000</valUSD>
        <pctVal>0.702493987302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bezeq Israel Telecommunication</name>
        <lei>213800XCGZCFSWY9U863</lei>
        <title>BEZEQ THE ISRAELI TELECOM </title>
        <cusip>M2012Q100</cusip>
        <identifiers>
          <isin value="IL0002300114"/>
        </identifiers>
        <balance>877546.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.46500000"/>
        <valUSD>796329.82000000</valUSD>
        <pctVal>0.447470291866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IS</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Koei Co</name>
        <lei>N/A</lei>
        <title>Nippon Koei Co., LTD </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3703200000"/>
        </identifiers>
        <balance>19300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>539959.63000000</valUSD>
        <pctVal>0.303411836608</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>Haseko Corporation</name>
        <lei>529900EH7TSG348O4045</lei>
        <title>HASEKO CORP </title>
        <cusip>J18984153</cusip>
        <identifiers>
          <isin value="JP3768600003"/>
        </identifiers>
        <balance>156100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>1970924.97000000</valUSD>
        <pctVal>1.107493841649</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>Aichi Steel Corp</name>
        <lei>N/A</lei>
        <title>Aichi Steel Corp </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3103600007"/>
        </identifiers>
        <balance>18500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>526228.79000000</valUSD>
        <pctVal>0.295696260940</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>Pendal Group Limited</name>
        <lei>254900CCBELY442C2M10</lei>
        <title>Pendal Group Limited </title>
        <cusip>Q74148109</cusip>
        <identifiers>
          <isin value="AU0000009789"/>
        </identifiers>
        <balance>237281.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>992762.58000000</valUSD>
        <pctVal>0.557848959400</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>Helvetia Holding</name>
        <lei>529900SUJBXTORH0LT80</lei>
        <title>Helvetia Holding AG </title>
        <cusip>H3701P102</cusip>
        <identifiers>
          <isin value="CH0466642201"/>
        </identifiers>
        <balance>14263.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94747000"/>
        <valUSD>1335985.60000000</valUSD>
        <pctVal>0.750711390364</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>Brown(N)Group</name>
        <lei>213800QFPJQF2NUVAP09</lei>
        <title>N Brown Group plc </title>
        <cusip>G64036125</cusip>
        <identifiers>
          <isin value="GB00B1P6ZR11"/>
        </identifiers>
        <balance>142235.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>61962.15000000</valUSD>
        <pctVal>0.034817509841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Takasago Thermal Engineering Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Takasago Thermal Engineering C </title>
        <cusip>J81023111</cusip>
        <identifiers>
          <isin value="JP3455200000"/>
        </identifiers>
        <balance>21200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>311798.32000000</valUSD>
        <pctVal>0.175204396155</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>Tanseisha Co Ltd</name>
        <lei>N/A</lei>
        <title>TANSEISHA Co., Ltd. </title>
        <cusip>J81840100</cusip>
        <identifiers>
          <isin value="JP3472200009"/>
        </identifiers>
        <balance>13300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>92936.07000000</valUSD>
        <pctVal>0.052222244255</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>Tietoevry Oyj</name>
        <lei>549300EW2KM4KROKQV31</lei>
        <title>TIETO OYJ </title>
        <cusip>Y8T39G104</cusip>
        <identifiers>
          <isin value="FI0009000277"/>
        </identifiers>
        <balance>45870.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>1255921.89000000</valUSD>
        <pctVal>0.705722328317</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>Yanlord Land Group Limited</name>
        <lei>N/A</lei>
        <title>Yanlord Land Group Ltd </title>
        <cusip>Y9729A101</cusip>
        <identifiers>
          <isin value="SG1T57930854"/>
        </identifiers>
        <balance>1056474.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.39354000"/>
        <valUSD>894063.69000000</valUSD>
        <pctVal>0.502388495650</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>Premier Foods</name>
        <lei>213800ZD5I8XHNMCJA67</lei>
        <title>Premier Foods PLC </title>
        <cusip>G7S17N124</cusip>
        <identifiers>
          <isin value="GB00B7N0K053"/>
        </identifiers>
        <balance>310794.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>267933.28000000</valUSD>
        <pctVal>0.150555937993</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>Energieversorgung Niederoster</name>
        <lei>529900P4JZBFEVNEAE60</lei>
        <title>EVN AG </title>
        <cusip>A19833101</cusip>
        <identifiers>
          <isin value="AT0000741053"/>
        </identifiers>
        <balance>10119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>171057.16000000</valUSD>
        <pctVal>0.096119717469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siltronic AG</name>
        <lei>5299003NKV26NNGHHR90</lei>
        <title>Siltronic AG </title>
        <cusip>D6948S114</cusip>
        <identifiers>
          <isin value="DE000WAF3001"/>
        </identifiers>
        <balance>11590.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>1188718.73000000</valUSD>
        <pctVal>0.667959812254</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>Also Holding AG</name>
        <lei>529900ACS8A6PTQI6141</lei>
        <title>ALSO Holding AG </title>
        <cusip>H0178Q159</cusip>
        <identifiers>
          <isin value="CH0024590272"/>
        </identifiers>
        <balance>3500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94747000"/>
        <valUSD>859739.12000000</valUSD>
        <pctVal>0.483100978128</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>Far East Consortium International Ltd</name>
        <lei>54930031259IQB0EH527</lei>
        <title>Far East Consortium International Limited </title>
        <cusip>G3307Z109</cusip>
        <identifiers>
          <isin value="KYG3307Z1090"/>
        </identifiers>
        <balance>882000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75052000"/>
        <valUSD>289159.38000000</valUSD>
        <pctVal>0.162483218529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sonae Sgps Sa</name>
        <lei>549300847SOBT7HY7R50</lei>
        <title>SONAE S.G.P.S., SA </title>
        <cusip>X8252W176</cusip>
        <identifiers>
          <isin value="PTSON0AM0001"/>
        </identifiers>
        <balance>88641.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>64130.51000000</valUSD>
        <pctVal>0.036035945542</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>Bumitama Agri Ltd</name>
        <lei>N/A</lei>
        <title>Bumitama Agri LTD </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG2E67980267"/>
        </identifiers>
        <balance>91042.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.39354000"/>
        <valUSD>28859.98000000</valUSD>
        <pctVal>0.016216878169</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>CAPITAL &amp; REGIONAL PLC</name>
        <lei>21380097W74N9OYF5Z25</lei>
        <title>CAPITAL &amp; REGIONAL PLC </title>
        <cusip>G1846K153</cusip>
        <identifiers>
          <isin value="GB00BL6XZ716"/>
        </identifiers>
        <balance>48879.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80705000"/>
        <valUSD>51480.27000000</valUSD>
        <pctVal>0.028927576066</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>Toyo Construction</name>
        <lei>N/A</lei>
        <title>TOYO CONSTRUCTION CO., LTD. </title>
        <cusip>J90999111</cusip>
        <identifiers>
          <isin value="JP3609800002"/>
        </identifiers>
        <balance>132000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>492491.77000000</valUSD>
        <pctVal>0.276738897035</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>Danieli &amp; Cofficine Meccaniche SPA</name>
        <lei>815600B4B8C6A353E566</lei>
        <title>Danieli &amp; C. Officine Meccaniche S.p.A. </title>
        <cusip>T73148107</cusip>
        <identifiers>
          <isin value="IT0000076486"/>
        </identifiers>
        <balance>43050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>352904.44000000</valUSD>
        <pctVal>0.198302573634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>Citic 1616 Hldgs</name>
        <lei>N/A</lei>
        <title>CITIC Telecom International Ho </title>
        <cusip>Y1640H109</cusip>
        <identifiers>
          <isin value="HK1883037637"/>
        </identifiers>
        <balance>2168000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75052000"/>
        <valUSD>690696.36000000</valUSD>
        <pctVal>0.388113183806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Euroshop AG</name>
        <lei>529900Y9QTEFHFEKQ736</lei>
        <title>Deutsche EuroShop AG </title>
        <cusip>D1854M102</cusip>
        <identifiers>
          <isin value="DE0007480204"/>
        </identifiers>
        <balance>48916.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88990000"/>
        <valUSD>691414.88000000</valUSD>
        <pctVal>0.388516931532</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>SAMTY RESIDENTIAL INVESTMENT CORP</name>
        <lei>N/A</lei>
        <title>Samty Residential Investment Corporation </title>
        <cusip>J6779Q108</cusip>
        <identifiers>
          <isin value="JP3047960004"/>
        </identifiers>
        <balance>213.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>209206.62000000</valUSD>
        <pctVal>0.117556501038</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>Zehnder Group</name>
        <lei>8945000LUWFSSFRPU761</lei>
        <title>Zehnder Group AG </title>
        <cusip>H9734C125</cusip>
        <identifiers>
          <isin value="CH0276534614"/>
        </identifiers>
        <balance>9542.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94747000"/>
        <valUSD>375701.25000000</valUSD>
        <pctVal>0.211112460904</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>Rengo Co., Ltd.</name>
        <lei>N/A</lei>
        <title>Aichi Steel Corp </title>
        <cusip>J64382104</cusip>
        <identifiers>
          <isin value="JP3981400009"/>
        </identifiers>
        <balance>147800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>1204815.78000000</valUSD>
        <pctVal>0.677004998659</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>The Akita Bank,Ltd.</name>
        <lei>353800N5LZ62LYDUOK89</lei>
        <title>The Akita Bank,Ltd. </title>
        <cusip>J01092105</cusip>
        <identifiers>
          <isin value="JP3107600003"/>
        </identifiers>
        <balance>10100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>136068.88000000</valUSD>
        <pctVal>0.076459250825</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>Token Corporation</name>
        <lei>N/A</lei>
        <title>TOKEN CORPORATION 17</title>
        <cusip>J8612T109</cusip>
        <identifiers>
          <isin value="JP3590900001"/>
        </identifiers>
        <balance>6800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>443622.07000000</valUSD>
        <pctVal>0.249278241446</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>Logitech International SA</name>
        <lei>549300SN6PRK6IJJC215</lei>
        <title>Logitech International S.A. </title>
        <cusip>H50430232</cusip>
        <identifiers>
          <isin value="CH0025751329"/>
        </identifiers>
        <balance>3862.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.94747000"/>
        <valUSD>253069.24000000</valUSD>
        <pctVal>0.142203599364</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>J-Oil Mills Inc</name>
        <lei>N/A</lei>
        <title>J-Oil Mills Inc </title>
        <cusip>J2231P101</cusip>
        <identifiers>
          <isin value="JP3840000008"/>
        </identifiers>
        <balance>12700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>469415.74000000</valUSD>
        <pctVal>0.263772111641</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>Bravura Solutions</name>
        <lei>529900RBSF446W3SB455</lei>
        <title>Bravura Solutions Limited </title>
        <cusip>Q17548167</cusip>
        <identifiers>
          <isin value="AU000000BVS9"/>
        </identifiers>
        <balance>71942.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.44900000"/>
        <valUSD>226733.78000000</valUSD>
        <pctVal>0.127405288819</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>Proto Corporation</name>
        <lei>N/A</lei>
        <title>Proto Corporation </title>
        <cusip>J6409J102</cusip>
        <identifiers>
          <isin value="JP3833740008"/>
        </identifiers>
        <balance>13500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>125950.55000000</valUSD>
        <pctVal>0.070773601532</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>First Pacific Company Limited</name>
        <lei>254900VS1MDQSDM9DE09</lei>
        <title>FIRST PACIFIC CO </title>
        <cusip>G34804107</cusip>
        <identifiers>
          <isin value="BMG348041077"/>
        </identifiers>
        <balance>880000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75052000"/>
        <valUSD>168836.94000000</valUSD>
        <pctVal>0.094872140816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ferrotec Holdings Corporation</name>
        <lei>N/A</lei>
        <title>Ferrotec Holdings Corp </title>
        <cusip>J1347N109</cusip>
        <identifiers>
          <isin value="JP3802720007"/>
        </identifiers>
        <balance>79500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.97700000"/>
        <valUSD>482248.41000000</valUSD>
        <pctVal>0.270982991412</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-07-15</ncom:dateSigned>
      <ncom:nameOfApplicant>SBH International Small Cap Fund</ncom:nameOfApplicant>
      <ncom:signature>Jennifer L. Leamer</ncom:signature>
      <ncom:signerName>Jennifer L. Leamer</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
