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        <valUSD>30774193.73000000</valUSD>
        <pctVal>0.627212226165</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>HARBOUR ENERGY PLC</name>
        <lei>213800YPC42DYBKVPF97</lei>
        <title>HARBOUR ENERGY PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BMBVGQ36"/>
        </identifiers>
        <balance>4880094.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>19667751.26000000</valUSD>
        <pctVal>0.400850600983</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>PICO FAR EAST HOLDINGS LTD</name>
        <lei>254900NL3DXVIEY4HJ17</lei>
        <title>PICO FAR EAST HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG7082H1276"/>
        </identifiers>
        <balance>61300071.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>13495219.05000000</valUSD>
        <pctVal>0.275047543315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GENESIS LAND DEVELOPMENT CORP</name>
        <lei>N/A</lei>
        <title>GENESIS LAND DEVELOPMENT CORP</title>
        <cusip>37183V102</cusip>
        <identifiers>
          <isin value="CA37183V1022"/>
        </identifiers>
        <balance>4518899.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38065000"/>
        <valUSD>11062817.24000000</valUSD>
        <pctVal>0.225472494572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROBINSONS LAND CORP</name>
        <lei>254900BUUS5N9MUSIS52</lei>
        <title>ROBINSONS LAND CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY731961264"/>
        </identifiers>
        <balance>85329700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="58.33500000"/>
        <valUSD>21619490.29000000</valUSD>
        <pctVal>0.440629208756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS AG LONDN BRANCH</name>
        <lei>BFM8T61CT2L1QCEMIK50</lei>
        <title>ANHUI HELI CO LTD A (UBS) (ELN) 12/08/2025</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1309016876"/>
        </identifiers>
        <balance>8014256.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20025221.47000000</valUSD>
        <pctVal>0.408136240638</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>CRANSWICK PLC</name>
        <lei>549300LDZLPU51XOSK43</lei>
        <title>CRANSWICK PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0002318888"/>
        </identifiers>
        <balance>490300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>30034041.24000000</valUSD>
        <pctVal>0.612127096883</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>RICHTER GEDEON PLC</name>
        <lei>549300J6ZJW5IH4WEE46</lei>
        <title>RICHTER GEDEON VEGYESZETI NY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HU0000123096"/>
        </identifiers>
        <balance>1497000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="364.10260000"/>
        <valUSD>42677146.50000000</valUSD>
        <pctVal>0.869807615351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RICHELIEU HARDWARE LTD</name>
        <lei>5493007VPNETW465DN04</lei>
        <title>RICHELIEU HARDWARE LTD</title>
        <cusip>76329W103</cusip>
        <identifiers>
          <isin value="CA76329W1032"/>
        </identifiers>
        <balance>300900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38065000"/>
        <valUSD>8887626.84000000</valUSD>
        <pctVal>0.181139699858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHIP HEALTHCARE HOLDINGS INC</name>
        <lei>353800BIFUE1L527TH13</lei>
        <title>SHIP HEALTHCARE HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3274150006"/>
        </identifiers>
        <balance>1964400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>30160008.01000000</valUSD>
        <pctVal>0.614694439473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPAR NORD BANK A/S</name>
        <lei>549300DHT635Q5P8J715</lei>
        <title>SPAR NORD BANKAKTIELSKAB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060036564"/>
        </identifiers>
        <balance>1301875.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.89540000"/>
        <valUSD>26545758.77000000</valUSD>
        <pctVal>0.541032028311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASKUL CORP</name>
        <lei>N/A</lei>
        <title>ASKUL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3119920001"/>
        </identifiers>
        <balance>1602100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>22768738.69000000</valUSD>
        <pctVal>0.464052166761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACOMO NV</name>
        <lei>7245001M40ANG7IIS437</lei>
        <title>ACOMO NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000313286"/>
        </identifiers>
        <balance>915999.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>17110527.05000000</valUSD>
        <pctVal>0.348731533181</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>VERTICALSCOPE HOLDINGS INC</name>
        <lei>8945005PUXHOJDPPBO77</lei>
        <title>VERTICALSCOPE HOLDINGS INC SUB VOT</title>
        <cusip>92537Y104</cusip>
        <identifiers>
          <isin value="CA92537Y1043"/>
        </identifiers>
        <balance>380119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38065000"/>
        <valUSD>2175019.09000000</valUSD>
        <pctVal>0.044329303225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARCADIS NV</name>
        <lei>7245000UZH70GO047N03</lei>
        <title>ARCADIS NV (NETH)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0006237562"/>
        </identifiers>
        <balance>443150.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>31629559.96000000</valUSD>
        <pctVal>0.644645539350</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>LANCASHIRE HOLDINGS LTD</name>
        <lei>5493002UNUYXLHOWF752</lei>
        <title>LANCASHIRE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG5361W1047"/>
        </identifiers>
        <balance>2892700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>23576624.57000000</valUSD>
        <pctVal>0.480517777712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHERVON HOLDINGS LTD</name>
        <lei>254900QZTJZRI14G4020</lei>
        <title>CHERVON HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000811882"/>
        </identifiers>
        <balance>3345000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>7655157.85000000</valUSD>
        <pctVal>0.156020613858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1123891.37000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>HEXPOL AB</name>
        <lei>549300MN30TBRLYN3465</lei>
        <title>HEXPOL AB B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0007074281"/>
        </identifiers>
        <balance>2043700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="10.70920000"/>
        <valUSD>22843059.24000000</valUSD>
        <pctVal>0.465566902062</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>XINGDA INTERNATIONAL HOLDINGS LTD</name>
        <lei>213800SJEZ2WD4VQFS05</lei>
        <title>XINGDA INTL HLDGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9827V1068"/>
        </identifiers>
        <balance>72583353.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>11891523.82000000</valUSD>
        <pctVal>0.242362454499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NET ONE SYSTEMS CO LTD</name>
        <lei>N/A</lei>
        <title>NET ONE SYSTEMS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3758200004"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>30309402.22000000</valUSD>
        <pctVal>0.617739259294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RS GROUP PLC</name>
        <lei>549300KVXDURRKVW7R37</lei>
        <title>RS GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0003096442"/>
        </identifiers>
        <balance>2485053.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>26132317.96000000</valUSD>
        <pctVal>0.532605645703</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>THE HOUR GLASS LTD</name>
        <lei>N/A</lei>
        <title>THE HOUR GLASS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1AE9000009"/>
        </identifiers>
        <balance>14188880.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.33670000"/>
        <valUSD>16771474.83000000</valUSD>
        <pctVal>0.341821272605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ECN CAPITAL CORP</name>
        <lei>549300E2G773NN59KY61</lei>
        <title>ECN CAPITAL CORP</title>
        <cusip>26829L107</cusip>
        <identifiers>
          <isin value="CA26829L1076"/>
        </identifiers>
        <balance>5364300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38065000"/>
        <valUSD>8236928.98000000</valUSD>
        <pctVal>0.167877755227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AS ONE CORPORATION</name>
        <lei>N/A</lei>
        <title>AS ONE CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3131300000"/>
        </identifiers>
        <balance>1171400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>25374273.22000000</valUSD>
        <pctVal>0.517155852506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISTRY GROUP PLC</name>
        <lei>2138001KOWN7CG9SLK53</lei>
        <title>VISTRY GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0001859296"/>
        </identifiers>
        <balance>1896298.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>33738956.91000000</valUSD>
        <pctVal>0.687637390525</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>ADTALEM GLOBAL EDUCATION INC</name>
        <lei>549300Z467EZLMODV621</lei>
        <title>ADTALEM GLOBAL EDUCATION INC</title>
        <cusip>00737L103</cusip>
        <identifiers>
          <isin value="US00737L1035"/>
        </identifiers>
        <balance>281600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22080256.00000000</valUSD>
        <pctVal>0.450020125354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SELVAAG BOLIG ASA</name>
        <lei>5967007LIEEXZXIHPK59</lei>
        <title>SELVAAG BOLIG ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010612450"/>
        </identifiers>
        <balance>2186000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.91060000"/>
        <valUSD>7553406.78000000</valUSD>
        <pctVal>0.153946814112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMPRO PRECISION INDUSTRIES LTD</name>
        <lei>N/A</lei>
        <title>IMPRO PRECISION INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG4723A1085"/>
        </identifiers>
        <balance>24717300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>6390618.79000000</valUSD>
        <pctVal>0.130247904234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHENZHEN YUTO PACKAGING TECHNOLOGY CO LTD</name>
        <lei>300300FSMGQ1XKYWTT66</lei>
        <title>SHENZHEN YUTO PACKAGING TECHNOLOGY CO LTD A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100002H00"/>
        </identifiers>
        <balance>5208166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="7.21975000"/>
        <valUSD>16829739.64000000</valUSD>
        <pctVal>0.343008774104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALTAREA SCA</name>
        <lei>969500ICGCY1PD6OT783</lei>
        <title>ALTAREA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000033219"/>
        </identifiers>
        <balance>146357.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>15823646.91000000</valUSD>
        <pctVal>0.322503487550</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="83574.27000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAPLETREE INDUSTRIAL REIT</name>
        <lei>549300R7WZFHXNKDJF41</lei>
        <title>MAPLETREE INDUSTRIAL REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG2C32962814"/>
        </identifiers>
        <balance>15498931.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.33670000"/>
        <valUSD>26784267.68000000</valUSD>
        <pctVal>0.545893104631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PERSOL HOLDINGS CO LTD</name>
        <lei>3538000H6OI725NB2008</lei>
        <title>PERSOL HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3547670004"/>
        </identifiers>
        <balance>12087700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>20858252.06000000</valUSD>
        <pctVal>0.425114328689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAGNIFICENT HOTEL INVESTMENT LTD</name>
        <lei>N/A</lei>
        <title>MAGNIFICENT HOTEL INVESTMENT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0201008726"/>
        </identifiers>
        <balance>316412000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>3037419.12000000</valUSD>
        <pctVal>0.061905973061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YUNG CHI PAINT and VARNSH CO LTD</name>
        <lei>N/A</lei>
        <title>YUNG CHI PAINT and VARNISH CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0001726008"/>
        </identifiers>
        <balance>2908000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.72700000"/>
        <valUSD>7093414.75000000</valUSD>
        <pctVal>0.144571665971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITANI CORP (SHOJI)</name>
        <lei>N/A</lei>
        <title>MITANI CORP (MITANI SHOJI)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3886800006"/>
        </identifiers>
        <balance>1137700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>12576557.52000000</valUSD>
        <pctVal>0.256324201661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUMCO CORP</name>
        <lei>353800SUSRUOM0V6KU92</lei>
        <title>SUMCO CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3322930003"/>
        </identifiers>
        <balance>1511600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>24851296.21000000</valUSD>
        <pctVal>0.506497000562</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>EMBASSY OFFICE PARKS REIT</name>
        <lei>335800O555A557E43Z08</lei>
        <title>EMBASSY OFFICE PARKS REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE041025011"/>
        </identifiers>
        <balance>5523100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="83.72780000"/>
        <valUSD>23924167.46000000</valUSD>
        <pctVal>0.487601087566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FAR EAST HORIZON LTD</name>
        <lei>549300S9XRGO1ZPUHE62</lei>
        <title>FAR EAST HORIZON LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000077468"/>
        </identifiers>
        <balance>26280000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>17928464.00000000</valUSD>
        <pctVal>0.365401996095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOTAL ENERGY SVCS INC</name>
        <lei>549300R3W0R3EV800D58</lei>
        <title>TOTAL ENERGY SERVICES INC</title>
        <cusip>89154B102</cusip>
        <identifiers>
          <isin value="CA89154B1022"/>
        </identifiers>
        <balance>892300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38065000"/>
        <valUSD>6333639.95000000</valUSD>
        <pctVal>0.129086612231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKMANNI GROUP CORP</name>
        <lei>743700VMG6KWF0FW1560</lei>
        <title>TOKMANNI GROUP CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000197934"/>
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        <balance>1107600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>13557298.19000000</valUSD>
        <pctVal>0.276312785093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>QUEBECOR INC</name>
        <lei>N/A</lei>
        <title>QUEBECOR INC CL A MULTI VTG DTC ELIGIBLE</title>
        <cusip>748193109</cusip>
        <identifiers>
          <isin value="CA7481931094"/>
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        <balance>568500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38065000"/>
        <valUSD>13176402.42000000</valUSD>
        <pctVal>0.268549706523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANTERO RESOURCES CORPORATION</name>
        <lei>APVBKPOULHUX7YZLKU17</lei>
        <title>ANTERO RES CORP</title>
        <cusip>03674X106</cusip>
        <identifiers>
          <isin value="US03674X1063"/>
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        <balance>1002400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29089648.00000000</valUSD>
        <pctVal>0.592879314419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCA TRANSILVANIA SA</name>
        <lei>549300RG3H390KEL8896</lei>
        <title>BANCA TRANSILVANIA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ROTLVAACNOR1"/>
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        <balance>5950794.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="RON" exchangeRt="4.59765000"/>
        <valUSD>37535050.73000000</valUSD>
        <pctVal>0.765005996067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GRUPO COMERCIAL CHEDRAUI SA DE CV</name>
        <lei>4469000001BRXSV0JO96</lei>
        <title>GRUPO COMERCIAL CHEDRAUI SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01CH170002"/>
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        <balance>5581100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.63100000"/>
        <valUSD>41593888.41000000</valUSD>
        <pctVal>0.847729613110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARK24 CO LTD</name>
        <lei>549300LFG2WZWCWM4M68</lei>
        <title>PARK24 CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3780100008"/>
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        <balance>808000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>8702700.18000000</valUSD>
        <pctVal>0.177370689267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAYPP GROUP</name>
        <lei>N/A</lei>
        <title>HAYPP GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0016829469"/>
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        <balance>1232700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="10.70920000"/>
        <valUSD>11510663.73000000</valUSD>
        <pctVal>0.234600103127</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>BANCA GENERALI SPA</name>
        <lei>815600903231FA2E7698</lei>
        <title>BANCA GENERALI SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001031084"/>
        </identifiers>
        <balance>716400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>31168020.91000000</valUSD>
        <pctVal>0.635238861224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOULBRAIN CO LTD</name>
        <lei>N/A</lei>
        <title>SOULBRAIN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7357780006"/>
        </identifiers>
        <balance>150600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1369.79000000"/>
        <valUSD>28970207.11000000</valUSD>
        <pctVal>0.590444976507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SERVCORP LIMITED</name>
        <lei>N/A</lei>
        <title>SERVCORP LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SRV5"/>
        </identifiers>
        <balance>7066585.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.52916890"/>
        <valUSD>20194614.51000000</valUSD>
        <pctVal>0.411588658812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WH SMITH PLC</name>
        <lei>2138001KJNGUJ34G7X91</lei>
        <title>SMITH (WH) PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B2PDGW16"/>
        </identifiers>
        <balance>1264600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>21459326.28000000</valUSD>
        <pctVal>0.437364888457</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>LUXFER HLDGS PLC</name>
        <lei>21380045UF5SJYZOXE41</lei>
        <title>LUXFER HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BNK03D49"/>
        </identifiers>
        <balance>1078259.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13952671.46000000</valUSD>
        <pctVal>0.284370931182</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>VISCOFAN SA</name>
        <lei>95980020140005684765</lei>
        <title>VISCOFAN SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0184262212"/>
        </identifiers>
        <balance>301121.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>20074713.35000000</valUSD>
        <pctVal>0.409144940087</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>TEST RESEARCH CO LTD</name>
        <lei>N/A</lei>
        <title>TEST RESEARCH CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003030003"/>
        </identifiers>
        <balance>7693000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.72700000"/>
        <valUSD>34721699.38000000</valUSD>
        <pctVal>0.707666772863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAVILLS PLC</name>
        <lei>213800WXICGMBWHTA933</lei>
        <title>SAVILLS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B135BJ46"/>
        </identifiers>
        <balance>2234400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>36652244.21000000</valUSD>
        <pctVal>0.747013419315</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>INFORMA PLC</name>
        <lei>5493006VM2LKUPSEDU20</lei>
        <title>INFORMA PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BMJ6DW54"/>
        </identifiers>
        <balance>3145433.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>35147070.38000000</valUSD>
        <pctVal>0.716336305985</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>MCCOY GLOBAL INC</name>
        <lei>254900YGJXG62J21UW62</lei>
        <title>MCCOY GLOBAL INC</title>
        <cusip>57980Q106</cusip>
        <identifiers>
          <isin value="CA57980Q1063"/>
        </identifiers>
        <balance>815970.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38065000"/>
        <valUSD>1182008.47000000</valUSD>
        <pctVal>0.024090644593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRAINGER PLC</name>
        <lei>2138007CEIRKZMNI2979</lei>
        <title>GRAINGER PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B04V1276"/>
        </identifiers>
        <balance>7345266.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>22756923.26000000</valUSD>
        <pctVal>0.463811355183</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>ASHTEAD TECHNOLOGY HOLDINGS PLC</name>
        <lei>213800LHEWVY66RPGR58</lei>
        <title>ASHTEAD TECHNOLOGY HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BLH42507"/>
        </identifiers>
        <balance>6922000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>77328635.32000000</valUSD>
        <pctVal>1.576043419071</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>ARCLANDS CORP</name>
        <lei>N/A</lei>
        <title>ARCLANDS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3100100001"/>
        </identifiers>
        <balance>2194589.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>26662340.91000000</valUSD>
        <pctVal>0.543408101725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUNAI SOKEN HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>FUNAI SOKEN HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3825800000"/>
        </identifiers>
        <balance>1380800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>20259660.22000000</valUSD>
        <pctVal>0.412914362580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STABILUS SE</name>
        <lei>529900JOSL94HJN4VZ28</lei>
        <title>STABILUS SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000STAB1L8"/>
        </identifiers>
        <balance>345400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>16914864.11000000</valUSD>
        <pctVal>0.344743705287</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AFYA LTD</name>
        <lei>54930008Y7J8Z1BSDT57</lei>
        <title>AFYA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG011251066"/>
        </identifiers>
        <balance>1307000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23460650.00000000</valUSD>
        <pctVal>0.478154087248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEITEC GROUP HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>MEITEC GROUP HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3919200000"/>
        </identifiers>
        <balance>1044700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>23780427.89000000</valUSD>
        <pctVal>0.484671515586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BFF BANK SPA</name>
        <lei>815600522538355AE429</lei>
        <title>BFF BANK SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005244402"/>
        </identifiers>
        <balance>2405056.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>27200011.01000000</valUSD>
        <pctVal>0.554366415152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIE AUTOMOTIVE SA</name>
        <lei>95980020140005381252</lei>
        <title>CIE AUTOMOTIVE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105630315"/>
        </identifiers>
        <balance>928200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>27122700.27000000</valUSD>
        <pctVal>0.552790736459</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="225964.06000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISUZU MOTORS LTD</name>
        <lei>529900C0QSXVCC7AR494</lei>
        <title>ISUZU MOTORS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3137200006"/>
        </identifiers>
        <balance>1705200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>23066456.05000000</valUSD>
        <pctVal>0.470119977010</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>MINCON GROUP PLC</name>
        <lei>635400LCBSV68KQHN886</lei>
        <title>MINCON GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BD64C665"/>
        </identifiers>
        <balance>13529844.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>5857069.49000000</valUSD>
        <pctVal>0.119373577285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OPEN TEXT CORPORATION</name>
        <lei>549300UQROQS42RKHM85</lei>
        <title>OPEN TEXT CORPORATION</title>
        <cusip>683715106</cusip>
        <identifiers>
          <isin value="CA6837151068"/>
        </identifiers>
        <balance>727396.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38065000"/>
        <valUSD>22928529.26000000</valUSD>
        <pctVal>0.467308875938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORDNET AB</name>
        <lei>549300D6WW5ZTWLZ4C08</lei>
        <title>NORDNET AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015192067"/>
        </identifiers>
        <balance>427400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="10.70920000"/>
        <valUSD>8724240.84000000</valUSD>
        <pctVal>0.177809711827</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2780224.12000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OPAP SA</name>
        <lei>213800M4NRGFJCI34834</lei>
        <title>GREEK ORG OF FOOTBL PROGNOC SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS419003009"/>
        </identifiers>
        <balance>900000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>15691542.82000000</valUSD>
        <pctVal>0.319811059566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PETS AT HOME GROUP PLC</name>
        <lei>2138003Y9ULD24PD3J93</lei>
        <title>PETS AT HOME GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BJ62K685"/>
        </identifiers>
        <balance>3026900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>11938297.66000000</valUSD>
        <pctVal>0.243315757275</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>LUMAX INTERNATIONAL CORP LTD</name>
        <lei>N/A</lei>
        <title>LUMAX INTERNATIONAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006192008"/>
        </identifiers>
        <balance>4537292.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.72700000"/>
        <valUSD>16467641.26000000</valUSD>
        <pctVal>0.335628807207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAYR MELNHOF KARTON AG</name>
        <lei>5299001AMHDLKUM80611</lei>
        <title>MAYR MELNHOF KARTON AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000938204"/>
        </identifiers>
        <balance>232300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>26498263.66000000</valUSD>
        <pctVal>0.540064025252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TECHNOPRO HOLDINGS INC</name>
        <lei>3538001DJ8I5PJQNHU53</lei>
        <title>TECHNOPRO HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3545240008"/>
        </identifiers>
        <balance>1400000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>26920585.09000000</valUSD>
        <pctVal>0.548671404752</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>LSL PROPERTY SERVICES PLC</name>
        <lei>213800T4VM5VR3C7S706</lei>
        <title>LSL PROPERTY SERVICES PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1G5HX72"/>
        </identifiers>
        <balance>4204235.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>18484259.80000000</valUSD>
        <pctVal>0.376729731407</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>PRECISION TSUGAMI CHINA CORP LTD</name>
        <lei>N/A</lei>
        <title>PRECISION TSUGAMI CHINA CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG7215M1006"/>
        </identifiers>
        <balance>9991453.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>12315312.90000000</valUSD>
        <pctVal>0.250999746336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAKKT AG</name>
        <lei>549300AZ0JTVTW3IZY37</lei>
        <title>TAKKT AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007446007"/>
        </identifiers>
        <balance>1395512.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>16160133.69000000</valUSD>
        <pctVal>0.329361461611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEARS GROUP PLC</name>
        <lei>213800DHCALLH8IRJV57</lei>
        <title>MEARS GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0005630420"/>
        </identifiers>
        <balance>7803114.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>36313281.54000000</valUSD>
        <pctVal>0.740104983867</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>KANSAI ELECTRIC POWER CO INC</name>
        <lei>353800PFUKP5ONPJNZ86</lei>
        <title>KANSAI ELECTRIC POWER CO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3228600007"/>
        </identifiers>
        <balance>2172900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>37190913.49000000</valUSD>
        <pctVal>0.757992097139</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>MARR SPA</name>
        <lei>815600576D5536AC7B34</lei>
        <title>MARR SPA INCREASED VOTING LINE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005484644"/>
        </identifiers>
        <balance>985827.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>12290817.89000000</valUSD>
        <pctVal>0.250500510844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RATHBONES GROUP PLC</name>
        <lei>213800MBTHM6UE8ZQP29</lei>
        <title>RATHBONES GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0002148343"/>
        </identifiers>
        <balance>923400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>22839359.07000000</valUSD>
        <pctVal>0.465491488491</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>YAGEO CORP</name>
        <lei>5493001P0TOZH7GGNQ21</lei>
        <title>YAGEO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0002327004"/>
        </identifiers>
        <balance>922578.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.72700000"/>
        <valUSD>22596039.77000000</valUSD>
        <pctVal>0.460532371083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HKT TRUST AND HKT LTD</name>
        <lei>N/A</lei>
        <title>HKT TRUST AND HKT LTD(STAPLED)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000093390"/>
        </identifiers>
        <balance>15025000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>18192656.97000000</valUSD>
        <pctVal>0.370786542066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INGHAMS GROUP LTD</name>
        <lei>529900ZZ4VRHSGVBNE41</lei>
        <title>INGHAMS GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ING6"/>
        </identifiers>
        <balance>12245540.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.52916890"/>
        <valUSD>30190050.16000000</valUSD>
        <pctVal>0.615306731836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STAR PETROLEUM REFINING PCL</name>
        <lei>N/A</lei>
        <title>STAR PETROLEUM REFINING PCL(FOR)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TH6838010010"/>
        </identifiers>
        <balance>76469600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="35.54750000"/>
        <valUSD>16564200.58000000</valUSD>
        <pctVal>0.337596793325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEXERIALS CORP</name>
        <lei>N/A</lei>
        <title>DEXERIALS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3548770001"/>
        </identifiers>
        <balance>749000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>36643776.91000000</valUSD>
        <pctVal>0.746840846342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYPERA SA</name>
        <lei>25490092WKPBKTIZX403</lei>
        <title>HYPERA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRHYPEACNOR0"/>
        </identifiers>
        <balance>5325300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.65615000"/>
        <valUSD>27115377.07000000</valUSD>
        <pctVal>0.552641481515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIB HOLDINGS LTD</name>
        <lei>529900SPKHL951XMJC07</lei>
        <title>NIB HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NHF0"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.52916890"/>
        <valUSD>24621217.45000000</valUSD>
        <pctVal>0.501807740056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STRABAG SE</name>
        <lei>529900TYYSRJH2VJSP60</lei>
        <title>STRABAG SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT000000STR1"/>
        </identifiers>
        <balance>312197.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>13075770.42000000</valUSD>
        <pctVal>0.266498714666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEIFU HIGH-TECHNOLOGY CO LTD</name>
        <lei>836800MCS4V36YPBDO22</lei>
        <title>WEIFU HIGH-TECHNOLOGY CO B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE000000J36"/>
        </identifiers>
        <balance>7955075.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>12116627.42000000</valUSD>
        <pctVal>0.246950315722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KURARAY CO LTD</name>
        <lei>549300W9JPTOE739QZ31</lei>
        <title>KURARAY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3269600007"/>
        </identifiers>
        <balance>2391700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>29248199.60000000</valUSD>
        <pctVal>0.596110772012</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>RHEINMETALL</name>
        <lei>5299001OU9CSE29O6S05</lei>
        <title>RHEINMETALL AG ORD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007030009"/>
        </identifiers>
        <balance>146725.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>79999979.87000000</valUSD>
        <pctVal>1.630488386070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DALATA HOTEL GROUP PLC</name>
        <lei>635400L2CWET7ONOBJ04</lei>
        <title>DALATA HOTEL GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BJMZDW83"/>
        </identifiers>
        <balance>4968109.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>22071501.24000000</valUSD>
        <pctVal>0.449841693628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WOOD (JOHN) GROUP PLC</name>
        <lei>549300PLYY6I10B6S323</lei>
        <title>JOHN WOOD GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B5N0P849"/>
        </identifiers>
        <balance>11397900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>29891243.63000000</valUSD>
        <pctVal>0.609216723093</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>HISCOX LTD</name>
        <lei>5493007JXOLJ0QCY2D70</lei>
        <title>HISCOX LTD (NE HISCOX BERMUDA)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG4593F1389"/>
        </identifiers>
        <balance>2702648.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>44159486.10000000</valUSD>
        <pctVal>0.900019341728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LECTRA</name>
        <lei>9695000KWQEBUDT6IO19</lei>
        <title>LECTRA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000065484"/>
        </identifiers>
        <balance>178160.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>5022795.86000000</valUSD>
        <pctVal>0.102370154700</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>BAYCURRENT CONSULTING INC</name>
        <lei>N/A</lei>
        <title>BAYCURRENT CONSULTING INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3835250006"/>
        </identifiers>
        <balance>1300000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>39441273.66000000</valUSD>
        <pctVal>0.803856935201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORMA GROUP SE</name>
        <lei>5299000LM9HC76W5XD46</lei>
        <title>NORMA GROUP SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A1H8BV3"/>
        </identifiers>
        <balance>623692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>11596339.71000000</valUSD>
        <pctVal>0.236346274696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRANGES AB</name>
        <lei>5493006UG44TYSIXOB13</lei>
        <title>GRANGES AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0006288015"/>
        </identifiers>
        <balance>2166476.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="10.70920000"/>
        <valUSD>26440669.07000000</valUSD>
        <pctVal>0.538890183580</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>YDUQS PARTICIPACOES SA</name>
        <lei>N/A</lei>
        <title>YDUQS PARTICIPACOES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRYDUQACNOR3"/>
        </identifiers>
        <balance>5293500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.65615000"/>
        <valUSD>10238570.41000000</valUSD>
        <pctVal>0.208673429300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINO LAND LTD</name>
        <lei>529900G5P51053HJVZ92</lei>
        <title>SINO LAND CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0083000502"/>
        </identifiers>
        <balance>12116375.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>12530678.31000000</valUSD>
        <pctVal>0.255389132437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GENOMMA LAB INTERNACIONAL SA</name>
        <lei>N/A</lei>
        <title>GENOMMA LAB INTERNACIONAL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01LA010006"/>
        </identifiers>
        <balance>16940461.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.63100000"/>
        <valUSD>17494201.58000000</valUSD>
        <pctVal>0.356551245964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QINGDAO PORT INTL CO LTD</name>
        <lei>529900URO8Y3C7A1JM55</lei>
        <title>QINGDAO PORT INTL CO LTD H</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100001SG2"/>
        </identifiers>
        <balance>37582000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>28043935.31000000</valUSD>
        <pctVal>0.571566529103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WIENERBERGER AG</name>
        <lei>529900VXIFBHO0SW2I31</lei>
        <title>WIENERBERGER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000831706"/>
        </identifiers>
        <balance>880600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>31221241.64000000</valUSD>
        <pctVal>0.636323558774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUROPRIS ASA</name>
        <lei>5967007LIEEXZXGA8G28</lei>
        <title>EUROPRIS ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010735343"/>
        </identifiers>
        <balance>4904600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.91060000"/>
        <valUSD>29286628.60000000</valUSD>
        <pctVal>0.596893997686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHRIRAM FINANCE LTD</name>
        <lei>335800TM2YO24B76XL26</lei>
        <title>SHRIRAM FINANCE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE721A01013"/>
        </identifiers>
        <balance>1133252.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="83.72780000"/>
        <valUSD>39683811.13000000</valUSD>
        <pctVal>0.808800118045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HYUNDAI MARINE and FIRE INSURANCE CO LTD</name>
        <lei>988400SYR92543UITC37</lei>
        <title>HYUNDAI MARINE and FIRE INSURANCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7001450006"/>
        </identifiers>
        <balance>596426.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1369.79000000"/>
        <valUSD>15696681.46000000</valUSD>
        <pctVal>0.319915790753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLIANCE PHARMA PLC</name>
        <lei>213800RYIWZA4Q5WPZ13</lei>
        <title>ALLIANCE PHARMA PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0031030819"/>
        </identifiers>
        <balance>11528306.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>5631681.26000000</valUSD>
        <pctVal>0.114779914987</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="146552.70000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AERCAP HOLDINGS NV</name>
        <lei>549300SZYINBBLJQU475</lei>
        <title>AERCAP HOLDINGS NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000687663"/>
        </identifiers>
        <balance>312072.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29319164.40000000</valUSD>
        <pctVal>0.597557113404</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>HRNETGROUP LTD</name>
        <lei>5493005F7ABID7YZD323</lei>
        <title>HRNETGROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1DH2000003"/>
        </identifiers>
        <balance>32187700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.33670000"/>
        <valUSD>16374381.69000000</valUSD>
        <pctVal>0.333728073657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAMIGUMI CO LTD</name>
        <lei>N/A</lei>
        <title>KAMIGUMI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3219000001"/>
        </identifiers>
        <balance>1459800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>33521658.16000000</valUSD>
        <pctVal>0.683208600808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAHANAGAR GAS LTD</name>
        <lei>3358001GYZI2KS7FHN90</lei>
        <title>MAHANAGAR GAS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE002S01010"/>
        </identifiers>
        <balance>1715800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="83.72780000"/>
        <valUSD>38311933.31000000</valUSD>
        <pctVal>0.780839725352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOKUHOKU FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
        <title>HOKUHOKU FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3842400008"/>
        </identifiers>
        <balance>1452200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>20691705.22000000</valUSD>
        <pctVal>0.421719919230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEST PACIFIC INTERNATIONAL HOLDINGS LIMITED</name>
        <lei>529900NJSWRANNDZ2L52</lei>
        <title>BEST PACIFIC INTERNATIONAL HOLDINGS LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG106891008"/>
        </identifiers>
        <balance>22158900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>6438201.55000000</valUSD>
        <pctVal>0.131217693698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SELAMAT SEMPURNA TBK PT</name>
        <lei>N/A</lei>
        <title>SELAMAT SEMPURNA TBK PT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ID1000095409"/>
        </identifiers>
        <balance>167179060.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="IDR" exchangeRt="16260.00000000"/>
        <valUSD>21180126.91000000</valUSD>
        <pctVal>0.431674495398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOST WERKE SE</name>
        <lei>529900G977BSS7DATK68</lei>
        <title>JOST WERKE SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000JST4000"/>
        </identifiers>
        <balance>437020.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>19769932.70000000</valUSD>
        <pctVal>0.402933172147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMANO CORP</name>
        <lei>N/A</lei>
        <title>AMANO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3124400007"/>
        </identifiers>
        <balance>1067650.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>27189244.35000000</valUSD>
        <pctVal>0.554146978671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARUWA CERAMIC CO LTD</name>
        <lei>3538009BXGIG8PFXNI29</lei>
        <title>MARUWA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3879250003"/>
        </identifiers>
        <balance>133300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>36126831.55000000</valUSD>
        <pctVal>0.736304926120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WH GROUP LTD</name>
        <lei>254900A4AYEDRWYSE928</lei>
        <title>WH GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG960071028"/>
        </identifiers>
        <balance>21022000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>13668732.92000000</valUSD>
        <pctVal>0.278583948578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ON THE BEACH GROUP PLC</name>
        <lei>213800K51Y9BZY7F9R69</lei>
        <title>ON THE BEACH GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYM1K758"/>
        </identifiers>
        <balance>6731236.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>12720410.50000000</valUSD>
        <pctVal>0.259256085064</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>AUB GROUP LTD</name>
        <lei>N/A</lei>
        <title>AUB GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000AUB9"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.52916890"/>
        <valUSD>21109505.95000000</valUSD>
        <pctVal>0.430235161847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUHTAMAKI OY</name>
        <lei>5493007050SJVMXN6L29</lei>
        <title>HUHTAMAKI OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009000459"/>
        </identifiers>
        <balance>897100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>36369407.51000000</valUSD>
        <pctVal>0.741248893433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PREMIER FOODS PLC</name>
        <lei>213800ZD5I8XHNMCJA67</lei>
        <title>PREMIER FOODS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B7N0K053"/>
        </identifiers>
        <balance>21377300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>49466858.63000000</valUSD>
        <pctVal>1.008189484831</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>CHAILEASE HOLDING COMPANY LIMITED</name>
        <lei>529900L76E6T0JCM3J27</lei>
        <title>CHAILEASE HOLDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG202881093"/>
        </identifiers>
        <balance>5100000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.72700000"/>
        <valUSD>23896239.35000000</valUSD>
        <pctVal>0.487031881686</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>ATACADAO SA</name>
        <lei>549300SMI26ISJIRM371</lei>
        <title>ATACADAO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BRCRFBACNOR2"/>
        </identifiers>
        <balance>10664500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.65615000"/>
        <valUSD>17459450.33000000</valUSD>
        <pctVal>0.355842976917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIA DE DISTRIBUCION INTEGRAL LOGISTA HOLDINGS SA</name>
        <lei>9598000ANNAL42UJ7X28</lei>
        <title>CIA DE DISTRIBUCION INTEGRAL LOGISTA HOLDINGS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105027009"/>
        </identifiers>
        <balance>1510300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>44655146.01000000</valUSD>
        <pctVal>0.910121440854</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>S FOODS INC</name>
        <lei>N/A</lei>
        <title>S FOODS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3399300007"/>
        </identifiers>
        <balance>1137623.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>22766888.65000000</valUSD>
        <pctVal>0.464014460892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PARKLAND CORP</name>
        <lei>549300UY5C6HUV0XLS53</lei>
        <title>PARKLAND CORP</title>
        <cusip>70137W108</cusip>
        <identifiers>
          <isin value="CA70137W1086"/>
        </identifiers>
        <balance>711400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38065000"/>
        <valUSD>19956195.99000000</valUSD>
        <pctVal>0.406729424741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DIRECT LINE INSURANCE GROUP PL C</name>
        <lei>213800FF2R23ALJQOP04</lei>
        <title>DIRECT LINE INSURANCE GRP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BY9D0Y18"/>
        </identifiers>
        <balance>9160900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>22199258.66000000</valUSD>
        <pctVal>0.452445531653</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>EUROTELESITES AG</name>
        <lei>5299007TJV9W1OY91Y28</lei>
        <title>EUROTELESITES AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT000000ETS9"/>
        </identifiers>
        <balance>2412000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>10128301.60000000</valUSD>
        <pctVal>0.206426028559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Cash Central Fund</title>
        <cusip>31635A105</cusip>
        <identifiers>
          <isin value="US31635A1051"/>
        </identifiers>
        <balance>103428544.94700000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>103449230.66000000</valUSD>
        <pctVal>2.108410144767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>METLEN ENERGY and METALS SA</name>
        <lei>213800KT8MEUJEJ2KW41</lei>
        <title>METLEN ENERGY and METALS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS393503008"/>
        </identifiers>
        <balance>1026216.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>40515500.44000000</valUSD>
        <pctVal>0.825750869320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINOPHARM GROUP CO LTD</name>
        <lei>529900N54X78YH9JYK92</lei>
        <title>SINOPHARM GROUP CO LTD H</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CNE100000FN7"/>
        </identifiers>
        <balance>6896400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>16206365.67000000</valUSD>
        <pctVal>0.330303720679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPORTON INTERNATIONAL INC</name>
        <lei>N/A</lei>
        <title>SPORTON INTERNATIONAL INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0006146004"/>
        </identifiers>
        <balance>2147977.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.72700000"/>
        <valUSD>14801570.17000000</valUSD>
        <pctVal>0.301672429130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRUPO CATALANA OCCIDENTE SA</name>
        <lei>959800H2P9S8MS95DT42</lei>
        <title>GRUPO CATALANA OCCIDENTE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0116920333"/>
        </identifiers>
        <balance>798222.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>34555030.53000000</valUSD>
        <pctVal>0.704269876705</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>IRISH RESIDENTIAL PROPERTIES REIT PLC</name>
        <lei>635400EOPACLULRENY18</lei>
        <title>IRISH RESIDENTIAL PROPERTIES REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BJ34P519"/>
        </identifiers>
        <balance>15711500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>15643469.27000000</valUSD>
        <pctVal>0.318831267258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DCC PLC</name>
        <lei>213800UPS1QEE4TD3T45</lei>
        <title>DCC PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE0002424939"/>
        </identifiers>
        <balance>457300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>31510476.13000000</valUSD>
        <pctVal>0.642218478717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELEKOM AUSTRIA AG</name>
        <lei>529900KCNFQU5OJH7L33</lei>
        <title>TELEKOM AUSTRIA AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000720008"/>
        </identifiers>
        <balance>2941500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>27250232.61000000</valUSD>
        <pctVal>0.555389987104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDUSIND BANK LTD</name>
        <lei>335800JDVJ8HSXG9G512</lei>
        <title>INDUSIND BANK LTD (DEMAT)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="INE095A01012"/>
        </identifiers>
        <balance>1043700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="83.72780000"/>
        <valUSD>17798089.28000000</valUSD>
        <pctVal>0.362744814591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROSEGUR COMP SECURIDAD SA</name>
        <lei>549300N94L4D5NDBFG97</lei>
        <title>PROSEGUR COMP SECURIDAD (REG)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0175438003"/>
        </identifiers>
        <balance>7627481.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>14165307.76000000</valUSD>
        <pctVal>0.288704694992</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="36444.53000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KYOTO FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
        <title>KYOTO FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3252200005"/>
        </identifiers>
        <balance>1275700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>24184693.43000000</valUSD>
        <pctVal>0.492910896007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SABRE INSURANCE GROUP PLC</name>
        <lei>2138006RXRQ8P8VKGV98</lei>
        <title>SABRE INSURANCE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYWVDP49"/>
        </identifiers>
        <balance>9562200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>19471615.04000000</valUSD>
        <pctVal>0.396853127117</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>B and M EUROPEAN VALUE RETAIL S.A.</name>
        <lei>213800UK7ZRLY2K1X530</lei>
        <title>B and M EUROPEAN VALUE RETAIL S.A.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU1072616219"/>
        </identifiers>
        <balance>5048300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>30378950.83000000</valUSD>
        <pctVal>0.619156737162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAPCOM CO LTD</name>
        <lei>529900JJWQKXS3TC8744</lei>
        <title>CAPCOM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3218900003"/>
        </identifiers>
        <balance>1473000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>31484569.94000000</valUSD>
        <pctVal>0.641690481810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMURFIT WESTROCK PLC</name>
        <lei>635400EGSEOPDW2EXS14</lei>
        <title>SMURFIT WESTROCK PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00028FXN24"/>
        </identifiers>
        <balance>327700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14694068.00000000</valUSD>
        <pctVal>0.299481415583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NSD CO LTD</name>
        <lei>N/A</lei>
        <title>NSD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3712600000"/>
        </identifiers>
        <balance>1485700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>30744434.43000000</valUSD>
        <pctVal>0.626605698600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RHI MAGNESITA NV</name>
        <lei>724500UWG6A61XNA3Y36</lei>
        <title>RHI MAGNESITA NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0012650360"/>
        </identifiers>
        <balance>984391.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>46443257.49000000</valUSD>
        <pctVal>0.946565137538</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>ECONOCOM GROUP SA</name>
        <lei>5493006G5O9JP185PU76</lei>
        <title>ECONOCOM GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974313455"/>
        </identifiers>
        <balance>4581895.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>9818336.65000000</valUSD>
        <pctVal>0.200108598831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CCL INDUSTRIES INC</name>
        <lei>549300TD3EMSRRC0YH75</lei>
        <title>CCL INDUSTRIES INC B NON VTG</title>
        <cusip>124900309</cusip>
        <identifiers>
          <isin value="CA1249003098"/>
        </identifiers>
        <balance>412900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38065000"/>
        <valUSD>22462549.52000000</valUSD>
        <pctVal>0.457811691620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JET2 PLC</name>
        <lei>I72RQ3PNLDPW8R7JIJ56</lei>
        <title>JET2 PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1722W11"/>
        </identifiers>
        <balance>1827500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>33360665.41000000</valUSD>
        <pctVal>0.679927389869</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>TIS INC</name>
        <lei>35380064HYEZXBQHDF07</lei>
        <title>TIS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3104890003"/>
        </identifiers>
        <balance>981500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>21162477.89000000</valUSD>
        <pctVal>0.431314788781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THERMADOR GROUPE SA</name>
        <lei>969500SSIGMAGT008F11</lei>
        <title>THERMADOR HOLDINGS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013333432"/>
        </identifiers>
        <balance>390266.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>32226478.52000000</valUSD>
        <pctVal>0.656811402155</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>IMDEX LIMITED</name>
        <lei>529900H31NX5KRKXB865</lei>
        <title>IMDEX LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000IMD5"/>
        </identifiers>
        <balance>14171197.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.52916890"/>
        <valUSD>21222012.25000000</valUSD>
        <pctVal>0.432528165118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEPKOR HOLDINGS LTD</name>
        <lei>3789006D677C34F69875</lei>
        <title>PEPKOR HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000259479"/>
        </identifiers>
        <balance>20580200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="18.21250000"/>
        <valUSD>23040783.97000000</valUSD>
        <pctVal>0.469596751525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GCC SAB DE CV</name>
        <lei>254900WY9XL8033CKX68</lei>
        <title>GCC SAB DE CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01GC2M0006"/>
        </identifiers>
        <balance>1762369.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.63100000"/>
        <valUSD>14963724.55000000</valUSD>
        <pctVal>0.304977315379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMOTIV LTD</name>
        <lei>254900KHH5GGEGUIZS22</lei>
        <title>AMOTIV LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000340770"/>
        </identifiers>
        <balance>2957137.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.52916890"/>
        <valUSD>20904591.36000000</valUSD>
        <pctVal>0.426058775057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLIGO AB</name>
        <lei>549300AZV2TAMUBEZS90</lei>
        <title>ALLIGO AB CL B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0009922305"/>
        </identifiers>
        <balance>900797.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="10.70920000"/>
        <valUSD>11843295.26000000</valUSD>
        <pctVal>0.241379502915</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>BOLSA MEXICANA DE VALORES SA</name>
        <lei>894500CS2D6RLGW61A19</lei>
        <title>BOLSA MEXICANA DE VALORES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01BM1B0000"/>
        </identifiers>
        <balance>11378282.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.63100000"/>
        <valUSD>17710814.13000000</valUSD>
        <pctVal>0.360966050163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA METAL RECYCLING (HOLDINGS) LIMITED</name>
        <lei>N/A</lei>
        <title>CHINA METAL RECYCL (HLDGS) LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG211311009"/>
        </identifiers>
        <balance>436800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>0.56000000</valUSD>
        <pctVal>0.000000011413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INABA DENKI SANGYO CO LTD</name>
        <lei>N/A</lei>
        <title>INABA DENKISANGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3146200005"/>
        </identifiers>
        <balance>1334000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>35263442.48000000</valUSD>
        <pctVal>0.718708098551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FAGRON</name>
        <lei>549300TRKRUFK2RRG779</lei>
        <title>FAGRON</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003874915"/>
        </identifiers>
        <balance>1727100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>35588691.84000000</valUSD>
        <pctVal>0.725337041520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRUMA SAB DE CV</name>
        <lei>5493000XJLJ6C4T0PG82</lei>
        <title>GRUMA SAB CL B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXP4948K1056"/>
        </identifiers>
        <balance>2356677.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.63100000"/>
        <valUSD>44059778.47000000</valUSD>
        <pctVal>0.897987189558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATHENS INTERNATIONAL AIRPORT SA</name>
        <lei>213800BC45UCMQYR4995</lei>
        <title>ATHENS INTERNATIONAL AIRPORT SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GRS536003007"/>
        </identifiers>
        <balance>2322300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>20010967.74000000</valUSD>
        <pctVal>0.407845733800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPAREBANK 1 SMN</name>
        <lei>7V6Z97IO7R1SEAO84Q32</lei>
        <title>SPAREBANK 1 SMN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0006390301"/>
        </identifiers>
        <balance>2429700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.91060000"/>
        <valUSD>36267569.34000000</valUSD>
        <pctVal>0.739173318493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Securities Lending Cash Central Fund</title>
        <cusip>31635A303</cusip>
        <identifiers>
          <isin value="US31635A3032"/>
        </identifiers>
        <balance>6889205.22100000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6889894.14000000</valUSD>
        <pctVal>0.140423690040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="6889894.14000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAN-AI OBBLI CO LTD</name>
        <lei>N/A</lei>
        <title>SAN-AI OBBLI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3323600001"/>
        </identifiers>
        <balance>1960300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>27048096.53000000</valUSD>
        <pctVal>0.551270229432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERNATIONAL GAMES SYSTEM CO LTD</name>
        <lei>N/A</lei>
        <title>INTERNATIONAL GAMES SYS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003293007"/>
        </identifiers>
        <balance>3261000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.72700000"/>
        <valUSD>74934236.27000000</valUSD>
        <pctVal>1.527242908759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LASSONDE INDUSTRIES INC</name>
        <lei>549300U3Y8OW3GQ0VE25</lei>
        <title>LASSONDE INDS INC CL A SUB VTG</title>
        <cusip>517907101</cusip>
        <identifiers>
          <isin value="CA5179071017"/>
        </identifiers>
        <balance>297030.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38065000"/>
        <valUSD>32270669.61000000</valUSD>
        <pctVal>0.657712065619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VAN LANSCHOT KEMPEN NV</name>
        <lei>724500D8WOYCL1BUCB80</lei>
        <title>VAN LANSCHOT KEMPEN NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000302636"/>
        </identifiers>
        <balance>283041.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>12237528.89000000</valUSD>
        <pctVal>0.249414421875</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>TRIPOD TECHNOLOGY CORP</name>
        <lei>N/A</lei>
        <title>TRIPOD TECHNOLOGY CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="TW0003044004"/>
        </identifiers>
        <balance>4938000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="32.72700000"/>
        <valUSD>30437141.60000000</valUSD>
        <pctVal>0.620342729643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VITZROCELL CO LTD</name>
        <lei>N/A</lei>
        <title>VITZROCELL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7082920000"/>
        </identifiers>
        <balance>1496641.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1369.79000000"/>
        <valUSD>21906753.63000000</valUSD>
        <pctVal>0.446483954474</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA</name>
        <lei>815600FBF92FD3531704</lei>
        <title>RECORDATI SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003828271"/>
        </identifiers>
        <balance>552011.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>30079790.23000000</valUSD>
        <pctVal>0.613059512079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPUTER MODELLING GROUP LTD</name>
        <lei>N/A</lei>
        <title>COMPUTER MODELLING GROUP LTD</title>
        <cusip>205249105</cusip>
        <identifiers>
          <isin value="CA2052491057"/>
        </identifiers>
        <balance>3344863.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38065000"/>
        <valUSD>33578242.99000000</valUSD>
        <pctVal>0.684361862450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IPSOS SA</name>
        <lei>9695002OY2X35E9X8W87</lei>
        <title>IPSOS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000073298"/>
        </identifiers>
        <balance>425000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>26286499.80000000</valUSD>
        <pctVal>0.535748042737</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>JD WETHERSPOON PLC</name>
        <lei>213800CHWARFAAN7UB85</lei>
        <title>WETHERSPOON (JD) PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0001638955"/>
        </identifiers>
        <balance>2092400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>20079990.26000000</valUSD>
        <pctVal>0.409252489370</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>VALLOUREC SA</name>
        <lei>969500P2Q1B47H4MCJ34</lei>
        <title>VALLOUREC SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013506730"/>
        </identifiers>
        <balance>1338400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>21698281.43000000</valUSD>
        <pctVal>0.442235059643</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>ARGAN SA</name>
        <lei>529900FXM41XSCUSGH04</lei>
        <title>ARGAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010481960"/>
        </identifiers>
        <balance>313700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>25632387.90000000</valUSD>
        <pctVal>0.522416516180</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>NATIONAL STORAGE REIT</name>
        <lei>N/A</lei>
        <title>NATIONAL STORAGE REIT STAPLED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NSR2"/>
        </identifiers>
        <balance>9547071.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.52916890"/>
        <valUSD>15420968.46000000</valUSD>
        <pctVal>0.314296453784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RENESAS ELECTRONICS CORP</name>
        <lei>5299000EPC47VJQOFB81</lei>
        <title>RENESAS ELECTRONICS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3164720009"/>
        </identifiers>
        <balance>2739700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>47188243.78000000</valUSD>
        <pctVal>0.961748785029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORTH WEST CO INC</name>
        <lei>254900VT1HQAZR3IVM76</lei>
        <title>NORTH WEST COMPANY INC</title>
        <cusip>663278208</cusip>
        <identifiers>
          <isin value="CA6632782083"/>
        </identifiers>
        <balance>1190300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.38065000"/>
        <valUSD>38545839.28000000</valUSD>
        <pctVal>0.785606988645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TSURUHA HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>TSURUHA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3536150000"/>
        </identifiers>
        <balance>374200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>23183139.41000000</valUSD>
        <pctVal>0.472498113400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTURY PACIFIC FOOD INC</name>
        <lei>254900NFV7QTJB821G52</lei>
        <title>CENTURY PACIFIC FOOD INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PHY1249R1024"/>
        </identifiers>
        <balance>64787600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="58.33500000"/>
        <valUSD>38316142.97000000</valUSD>
        <pctVal>0.780925522895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRESTIGE INTERNATIONAL INC</name>
        <lei>N/A</lei>
        <title>PRESTIGE INTERNATIONAL INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3833620002"/>
        </identifiers>
        <balance>3604500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>17179753.68000000</valUSD>
        <pctVal>0.350142448739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TALANX AG</name>
        <lei>5299006ZIILJ6VJVSJ32</lei>
        <title>TALANX AKTIENGESELLSCHAFT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000TLX1005"/>
        </identifiers>
        <balance>632867.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>48115652.04000000</valUSD>
        <pctVal>0.980650394749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BODYCOTE PLC</name>
        <lei>213800V93QFW53NB7Y29</lei>
        <title>BODYCOTE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B3FLWH99"/>
        </identifiers>
        <balance>2147471.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77787717"/>
        <valUSD>19269555.86000000</valUSD>
        <pctVal>0.392734936752</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>ASMPT LTD</name>
        <lei>529900PYFA1HFYKPT360</lei>
        <title>ASMPT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG0535Q1331"/>
        </identifiers>
        <balance>2824900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.81285000"/>
        <valUSD>29468036.63000000</valUSD>
        <pctVal>0.600591294692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOF CORP</name>
        <lei>N/A</lei>
        <title>NOF CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3753400005"/>
        </identifiers>
        <balance>2317800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>33396557.52000000</valUSD>
        <pctVal>0.680658910909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JUSTSYSTEMS CORP</name>
        <lei>5299006DS4ZV570NR192</lei>
        <title>JUSTSYSTEMS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3388450003"/>
        </identifiers>
        <balance>562400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>11882086.71000000</valUSD>
        <pctVal>0.242170115722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NISHIMOTO CO LTD</name>
        <lei>N/A</lei>
        <title>NISHIMOTO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3659350007"/>
        </identifiers>
        <balance>1199100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>11254194.45000000</valUSD>
        <pctVal>0.229372974532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANTIN INFRASTRUCTURE PARTNERS SA</name>
        <lei>2138008FABJXP4HUOK53</lei>
        <title>ANTIN INFRASTRUCTURE PARTNERS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0014005AL0"/>
        </identifiers>
        <balance>405055.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>5488402.11000000</valUSD>
        <pctVal>0.111859726877</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>INTERCORP FINANCIAL SERVICES INC</name>
        <lei>5299004181WFTEWB1398</lei>
        <title>INTERCORP FINANCIAL SVCS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PAL2400671A3"/>
        </identifiers>
        <balance>683100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15547356.00000000</valUSD>
        <pctVal>0.316872372134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUALITAS CONTROLADO SAB DE CV</name>
        <lei>N/A</lei>
        <title>QUALITAS CONTROLADO SAB DE CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01Q0000008"/>
        </identifiers>
        <balance>3895035.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.63100000"/>
        <valUSD>35904315.97000000</valUSD>
        <pctVal>0.731769811617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTRAL AUTOMOTIVE PRODUCTS LTD</name>
        <lei>353800X9460YZVHWB065</lei>
        <title>CENTRAL AUTOMOTIVE PRODS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3515400004"/>
        </identifiers>
        <balance>624100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>20767921.63000000</valUSD>
        <pctVal>0.423273294262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SESA SPA</name>
        <lei>81560005C031D4E76707</lei>
        <title>SESA SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0004729759"/>
        </identifiers>
        <balance>216271.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92400092"/>
        <valUSD>23757018.01000000</valUSD>
        <pctVal>0.484194396247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2225088.68000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TKC CORP</name>
        <lei>N/A</lei>
        <title>TKC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3539400006"/>
        </identifiers>
        <balance>358600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.80500000"/>
        <valUSD>8557758.42000000</valUSD>
        <pctVal>0.174416615320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Stacie M. Smith</ncom:nameOfApplicant>
      <ncom:signature>Stacie M. Smith</ncom:signature>
      <ncom:signerName>Stacie M. Smith</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
