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      <invstOrSec>
        <name>NAGAILEBEN CO LTD</name>
        <lei>N/A</lei>
        <title>NAGAILEBEN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3647000003"/>
        </identifiers>
        <balance>55779.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>821197.34000000</valUSD>
        <pctVal>0.389457922595</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>KBC ANCORA</name>
        <lei>549300I4XZ0RR3ZOSZ55</lei>
        <title>KBC ANCORA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003867844"/>
        </identifiers>
        <balance>22429.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1463540.70000000</valUSD>
        <pctVal>0.694093237875</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>BANK OF IRELAND GROUP PLC</name>
        <lei>635400C8EK6DRI12LJ39</lei>
        <title>BANK OF IRELAND GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BD1RP616"/>
        </identifiers>
        <balance>98296.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1149736.49000000</valUSD>
        <pctVal>0.545269648495</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>HIKMA PHARMACEUTICALS PLC</name>
        <lei>549300BNS685UXH4JI75</lei>
        <title>HIKMA PHARMACEUTICALS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B0LCW083"/>
        </identifiers>
        <balance>22524.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>595852.04000000</valUSD>
        <pctVal>0.282586518938</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>SHOEI CO LTD</name>
        <lei>N/A</lei>
        <title>SHOEI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3360900009"/>
        </identifiers>
        <balance>94692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1107322.87000000</valUSD>
        <pctVal>0.525154726624</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>KONECRANES OYJ</name>
        <lei>549300EF0CDEQZBMA096</lei>
        <title>KONECRANES OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009005870"/>
        </identifiers>
        <balance>18837.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1254762.33000000</valUSD>
        <pctVal>0.595078803338</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAREHOUSES DE PAUW CVA</name>
        <lei>549300HWDYC5JXC85138</lei>
        <title>WAREHOUSES DE PAUW SCA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974349814"/>
        </identifiers>
        <balance>47039.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1197917.19000000</valUSD>
        <pctVal>0.568119643761</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>SWCC CORP</name>
        <lei>353800A7RNYOC4KL4T49</lei>
        <title>SWCC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3368400002"/>
        </identifiers>
        <balance>31761.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1439441.04000000</valUSD>
        <pctVal>0.682663824917</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>LANCASHIRE HOLDINGS LTD</name>
        <lei>5493002UNUYXLHOWF752</lei>
        <title>LANCASHIRE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG5361W1047"/>
        </identifiers>
        <balance>210813.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1581751.23000000</valUSD>
        <pctVal>0.750155313579</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>LINEA DIRECTA ASEGURADORA SA CIA DE SEGUROS Y REASEGUROS</name>
        <lei>95980079E2NBJT967T79</lei>
        <title>LINEA DIRECTA ASEGURADORA SA CIA DE SEGUROS Y REASEGUROS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105546008"/>
        </identifiers>
        <balance>788750.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1143725.36000000</valUSD>
        <pctVal>0.542418832877</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>AVANZA BANK HOLDING AB</name>
        <lei>549300MBWR5H8SIJLE03</lei>
        <title>AVANZA HOLDING BANK AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0012454072"/>
        </identifiers>
        <balance>44486.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.66550000"/>
        <valUSD>1484324.14000000</valUSD>
        <pctVal>0.703949912967</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>CAR GROUP LTD</name>
        <lei>5299009TFWZGH2AN7D11</lei>
        <title>CAR GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CAR3"/>
        </identifiers>
        <balance>44788.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>955968.57000000</valUSD>
        <pctVal>0.453374012802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FOOD and LIFE COMPANIES LTD</name>
        <lei>529900CWF7GCVZKS5M87</lei>
        <title>FOOD and LIFE COMPANIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3397150008"/>
        </identifiers>
        <balance>47211.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1731862.46000000</valUSD>
        <pctVal>0.821346493757</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>BEZEQ THE ISRAELI TEL CORP LTD</name>
        <lei>213800XCGZCFSWY9U863</lei>
        <title>BEZEQ THE ISRAELI TELECOM CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0002300114"/>
        </identifiers>
        <balance>1042759.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.63905000"/>
        <valUSD>1581739.65000000</valUSD>
        <pctVal>0.750149821692</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAIHATSU DIESEL MANUFACTURING CO LTD</name>
        <lei>N/A</lei>
        <title>DAIHATSU DIESEL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3497000004"/>
        </identifiers>
        <balance>80445.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1012736.05000000</valUSD>
        <pctVal>0.480296341644</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>MIURA CO LTD</name>
        <lei>N/A</lei>
        <title>MIURA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3880800002"/>
        </identifiers>
        <balance>36335.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>773815.04000000</valUSD>
        <pctVal>0.366986573472</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>PACIFIC BASIN SHIPPING LTD</name>
        <lei>254900LNPK737X4Y3V26</lei>
        <title>PACIFIC BASIN SHIPPING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG684371393"/>
        </identifiers>
        <balance>1807235.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75560000"/>
        <valUSD>405460.43000000</valUSD>
        <pctVal>0.192292119166</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>AS ONE CORPORATION</name>
        <lei>N/A</lei>
        <title>AS ONE CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3131300000"/>
        </identifiers>
        <balance>74904.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1184748.89000000</valUSD>
        <pctVal>0.561874495960</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>NIKON CORP</name>
        <lei>549300X7LIS9RFELXJ98</lei>
        <title>NIKON CORP</title>
        <cusip>654111103</cusip>
        <identifiers>
          <isin value="JP3657400002"/>
        </identifiers>
        <balance>108543.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1043689.72000000</valUSD>
        <pctVal>0.494976311278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISTRY GROUP PLC</name>
        <lei>2138001KOWN7CG9SLK53</lei>
        <title>VISTRY GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0001859296"/>
        </identifiers>
        <balance>162330.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1361193.60000000</valUSD>
        <pctVal>0.645554492061</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>KEMIRA OYJ</name>
        <lei>74370031Y7RK5H88CQ48</lei>
        <title>KEMIRA OY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009004824"/>
        </identifiers>
        <balance>47711.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>980996.72000000</valUSD>
        <pctVal>0.465243767891</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>BURBERRY GROUP PLC</name>
        <lei>213800PE1KEFCNFR1R50</lei>
        <title>BURBERRY GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0031743007"/>
        </identifiers>
        <balance>33507.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>326317.17000000</valUSD>
        <pctVal>0.154757938128</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>BANKINTER SA</name>
        <lei>VWMYAEQSTOPNV0SUGU82</lei>
        <title>BANKINTER SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0113679I37"/>
        </identifiers>
        <balance>160335.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1859947.57000000</valUSD>
        <pctVal>0.882091650160</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>OKINAWA CELLULAR TELEPHONE CO</name>
        <lei>N/A</lei>
        <title>OKINAWA CELLULAR TELEPHONE CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3194650002"/>
        </identifiers>
        <balance>42728.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1265583.16000000</valUSD>
        <pctVal>0.600210648959</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>PATRIZIA SE</name>
        <lei>5299002NZCMF1NIHZ018</lei>
        <title>PATRIZIA SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000PAT1AG3"/>
        </identifiers>
        <balance>104325.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>868656.63000000</valUSD>
        <pctVal>0.411965784701</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>FUYO GENERAL LEASE CO LTD</name>
        <lei>353800IE82QJT7UQJK58</lei>
        <title>FUYO GENERAL LEASE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3826270005"/>
        </identifiers>
        <balance>48259.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1343340.47000000</valUSD>
        <pctVal>0.637087534628</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>STANLEY ELECTRIC CO LTD</name>
        <lei>N/A</lei>
        <title>STANLEY ELECTRIC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3399400005"/>
        </identifiers>
        <balance>58474.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1094802.76000000</valUSD>
        <pctVal>0.519216986943</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>MAPLETREE INDUSTRIAL REIT</name>
        <lei>549300R7WZFHXNKDJF41</lei>
        <title>MAPLETREE INDUSTRIAL REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG2C32962814"/>
        </identifiers>
        <balance>811707.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.30610000"/>
        <valUSD>1255613.70000000</valUSD>
        <pctVal>0.595482570832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITIE GROUP PLC</name>
        <lei>213800MTCLTKEHWZMJ03</lei>
        <title>MITIE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004657408"/>
        </identifiers>
        <balance>985483.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1893855.31000000</valUSD>
        <pctVal>0.898172605781</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>C and C GROUP PLC</name>
        <lei>635400LNUHA2LDXXV850</lei>
        <title>C and C GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00B010DT83"/>
        </identifiers>
        <balance>828146.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1518650.16000000</valUSD>
        <pctVal>0.720229240467</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>DOWA HOLDINGS CO LTD</name>
        <lei>353800ZSQZKFE140A689</lei>
        <title>DOWA HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3638600001"/>
        </identifiers>
        <balance>29729.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>953842.83000000</valUSD>
        <pctVal>0.452365867446</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>BUCHER INDUSTRIES AG</name>
        <lei>52990014AQ91A29HPB27</lei>
        <title>BUCHER INDUSTRIES AG (REGD)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0002432174"/>
        </identifiers>
        <balance>2480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.82535000"/>
        <valUSD>1066698.98000000</valUSD>
        <pctVal>0.505888595285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MENSCH UND MASCHINE SOFTWRE SE</name>
        <lei>391200KPS0L1YQ88JY41</lei>
        <title>MENSCH UND MASCHINE SOFTWARE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006580806"/>
        </identifiers>
        <balance>17569.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1134473.37000000</valUSD>
        <pctVal>0.538031019340</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>FLUIDRA SA</name>
        <lei>95980020140005026620</lei>
        <title>FLUIDRA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0137650018"/>
        </identifiers>
        <balance>24595.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>566164.90000000</valUSD>
        <pctVal>0.268507208998</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>SUMCO CORP</name>
        <lei>353800SUSRUOM0V6KU92</lei>
        <title>SUMCO CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3322930003"/>
        </identifiers>
        <balance>129324.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>891829.57000000</valUSD>
        <pctVal>0.422955694962</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>ATEA ASA</name>
        <lei>5967007LIEEXZXINVS13</lei>
        <title>ATEA ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0004822503"/>
        </identifiers>
        <balance>84963.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.40340000"/>
        <valUSD>1159692.60000000</valUSD>
        <pctVal>0.549991395301</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>SURUGA BANK LTD</name>
        <lei>3538003A9JIMKE5G3M02</lei>
        <title>SURUGA BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3411000007"/>
        </identifiers>
        <balance>193096.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1698942.29000000</valUSD>
        <pctVal>0.805733899323</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>KANEKA CORP</name>
        <lei>529900FWWCF6RY313R16</lei>
        <title>KANEKA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3215800008"/>
        </identifiers>
        <balance>44418.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1082956.69000000</valUSD>
        <pctVal>0.513598914906</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>BEACH ENERGY LTD</name>
        <lei>8Q9PJD25OKTQT5FHUF40</lei>
        <title>BEACH ENERGY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000BPT9"/>
        </identifiers>
        <balance>907295.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>682947.16000000</valUSD>
        <pctVal>0.323891918811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CDL HOSPITALITY TRUSTS</name>
        <lei>N/A</lei>
        <title>CDL HOSPIT TRUSTS (STAPLED)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1T66931158"/>
        </identifiers>
        <balance>1385839.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.30610000"/>
        <valUSD>843859.21000000</valUSD>
        <pctVal>0.400205454744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONTACT ENERGY LIMITED</name>
        <lei>549300FT5JOXS1PZ1I32</lei>
        <title>CONTACT ENERGY LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZCENE0001S6"/>
        </identifiers>
        <balance>289575.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.68350168"/>
        <valUSD>1525476.44000000</valUSD>
        <pctVal>0.723466646019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUROCOMMERCIAL PROPERTIES NV</name>
        <lei>724500SFK53FPNM68L95</lei>
        <title>EUROCOMMERCIAL PROPERTIES NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015000K93"/>
        </identifiers>
        <balance>46666.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1345428.96000000</valUSD>
        <pctVal>0.638078013941</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>TOKYO TATEMONO CO LTD</name>
        <lei>529900RQA4JTW1869J86</lei>
        <title>TOKYO TATEMONO CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3582600007"/>
        </identifiers>
        <balance>85007.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1524033.38000000</valUSD>
        <pctVal>0.722782265880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOHO TITANIUM CO LTD</name>
        <lei>353800CQ82BJ87SIZZ65</lei>
        <title>TOHO TITANIUM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3601800000"/>
        </identifiers>
        <balance>106600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>757487.76000000</valUSD>
        <pctVal>0.359243259848</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>UNITE GROUP PLC</name>
        <lei>213800BBUUWVDH9YI827</lei>
        <title>UNITE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0006928617"/>
        </identifiers>
        <balance>104442.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1197728.69000000</valUSD>
        <pctVal>0.568030246469</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>NOVA LTD</name>
        <lei>529900B2DSWE5V3SC292</lei>
        <title>NOVA MEASURING INSTRUMENTS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010845571"/>
        </identifiers>
        <balance>6262.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.63905000"/>
        <valUSD>1201103.58000000</valUSD>
        <pctVal>0.569630808945</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIVENDI SE</name>
        <lei>969500FU4DRAEVJW7U54</lei>
        <title>VIVENDI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000127771"/>
        </identifiers>
        <balance>240478.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>744811.32000000</valUSD>
        <pctVal>0.353231379697</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>BREMBO N.V.</name>
        <lei>549300BLWVJN2BAT0A44</lei>
        <title>BREMBO N.V.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015001KT6"/>
        </identifiers>
        <balance>127054.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1183130.28000000</valUSD>
        <pctVal>0.561106860146</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>SCHOELLER-BLECKMANN OIL EQP AG</name>
        <lei>549300ZD9ED8GSG3JW36</lei>
        <title>SCHOELLER-BLECKMANN OIL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000946652"/>
        </identifiers>
        <balance>24418.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>867201.55000000</valUSD>
        <pctVal>0.411275704003</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>PARK24 CO LTD</name>
        <lei>549300LFG2WZWCWM4M68</lei>
        <title>PARK24 CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3780100008"/>
        </identifiers>
        <balance>67875.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>960589.33000000</valUSD>
        <pctVal>0.455565436839</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>STEADFAST GROUP LTD</name>
        <lei>9845003B6BEAA12DBD91</lei>
        <title>STEADFAST GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SDF8"/>
        </identifiers>
        <balance>433321.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>1628361.65000000</valUSD>
        <pctVal>0.772260593832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAEDA KOSEN CO LTD</name>
        <lei>353800PBX8SI9I66NP60</lei>
        <title>MAEDA KOSEN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3861250003"/>
        </identifiers>
        <balance>82030.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1172103.02000000</valUSD>
        <pctVal>0.555877113820</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>BANCA GENERALI SPA</name>
        <lei>815600903231FA2E7698</lei>
        <title>BANCA GENERALI SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001031084"/>
        </identifiers>
        <balance>31641.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1867498.81000000</valUSD>
        <pctVal>0.885672872480</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>AUSTRIA TECHNOLOGIE and SYSTEM</name>
        <lei>529900EVOKN4LCCD9321</lei>
        <title>AUSTRIA TECHNOLOGIE and SYSTEM</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000969985"/>
        </identifiers>
        <balance>30327.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>489228.61000000</valUSD>
        <pctVal>0.232019697146</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>VZ HOLDING AG</name>
        <lei>529900JMJUZCFUVQ0Q82</lei>
        <title>VZ HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0528751586"/>
        </identifiers>
        <balance>8837.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.82535000"/>
        <valUSD>1818043.98000000</valUSD>
        <pctVal>0.862218613174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAVILLS PLC</name>
        <lei>213800WXICGMBWHTA933</lei>
        <title>SAVILLS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B135BJ46"/>
        </identifiers>
        <balance>112710.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1392433.88000000</valUSD>
        <pctVal>0.660370388262</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>JTC PLC</name>
        <lei>213800DVUG4KLF2ASK33</lei>
        <title>JTC PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BF4X3P53"/>
        </identifiers>
        <balance>122082.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1356907.00000000</valUSD>
        <pctVal>0.643521545472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAIWABO HOLDINGS CO LTD</name>
        <lei>N/A</lei>
        <title>DAIWABO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3505400006"/>
        </identifiers>
        <balance>74473.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1259707.31000000</valUSD>
        <pctVal>0.597423990718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GAMES WORKSHOP GROUP PLC</name>
        <lei>213800RP9QJQYGWHNT41</lei>
        <title>GAMES WORKSHOP GROUP CO PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0003718474"/>
        </identifiers>
        <balance>5801.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1191345.97000000</valUSD>
        <pctVal>0.565003201993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOYO SUISAN KAISHA LTD</name>
        <lei>N/A</lei>
        <title>TOYO SUISAN KAISHA LTD</title>
        <cusip>892306101</cusip>
        <identifiers>
          <isin value="JP3613000003"/>
        </identifiers>
        <balance>22224.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1433104.49000000</valUSD>
        <pctVal>0.679658676849</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>SANDFIRE RESOURCES NL</name>
        <lei>213800ZW52P23FVH1V47</lei>
        <title>SANDFIRE RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SFR8"/>
        </identifiers>
        <balance>140348.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>893860.59000000</valUSD>
        <pctVal>0.423918918771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANWA HOLDINGS CORP</name>
        <lei>5299003X6BCA4ROO5A70</lei>
        <title>SANWA HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3344400001"/>
        </identifiers>
        <balance>52570.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1722919.43000000</valUSD>
        <pctVal>0.817105206412</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>RIKEN KEIKI CO LTD</name>
        <lei>N/A</lei>
        <title>RIKEN KEIKI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3971000009"/>
        </identifiers>
        <balance>42059.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>784818.94000000</valUSD>
        <pctVal>0.372205241173</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>GRAINGER PLC</name>
        <lei>2138007CEIRKZMNI2979</lei>
        <title>GRAINGER PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B04V1276"/>
        </identifiers>
        <balance>331921.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>951054.90000000</valUSD>
        <pctVal>0.451043674383</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>JUNGHEINRICH AG</name>
        <lei>529900PHZORTU6FSXE73</lei>
        <title>JUNGHEINRICH AG NON-VTG PFD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006219934"/>
        </identifiers>
        <balance>27339.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>986116.20000000</valUSD>
        <pctVal>0.467671712976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STABILUS SE</name>
        <lei>529900JOSL94HJN4VZ28</lei>
        <title>STABILUS SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000STAB1L8"/>
        </identifiers>
        <balance>13105.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>360757.78000000</valUSD>
        <pctVal>0.171091610645</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>TKH GROUP NV</name>
        <lei>7245008G22FOV7TYYJ34</lei>
        <title>TKH GROUP NV DUTCH CERTIFICATE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000852523"/>
        </identifiers>
        <balance>20778.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>816781.00000000</valUSD>
        <pctVal>0.387363446008</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>CIE AUTOMOTIVE SA</name>
        <lei>95980020140005381252</lei>
        <title>CIE AUTOMOTIVE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105630315"/>
        </identifiers>
        <balance>41362.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1089423.89000000</valUSD>
        <pctVal>0.516666024545</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>SOSILA LOGISTICS REIT INC</name>
        <lei>N/A</lei>
        <title>SOSILA LOGISTICS REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048960003"/>
        </identifiers>
        <balance>1571.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1214124.35000000</valUSD>
        <pctVal>0.575805989730</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>TRUSTPILOT GROUP PLC</name>
        <lei>2138002ILUNMGNPSGG46</lei>
        <title>TRUSTPILOT GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BNK9TP58"/>
        </identifiers>
        <balance>336288.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1003006.73000000</valUSD>
        <pctVal>0.475682151399</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>NEXTAGE CO LTD</name>
        <lei>N/A</lei>
        <title>NEXTAGE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3758210003"/>
        </identifiers>
        <balance>98401.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1228464.02000000</valUSD>
        <pctVal>0.582606667006</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>BARCO NEW NV</name>
        <lei>549300N17QCD827TII61</lei>
        <title>BARCO NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974362940"/>
        </identifiers>
        <balance>72805.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>993024.82000000</valUSD>
        <pctVal>0.470948168783</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>KYORITSU MAINTENANCE CO LTD</name>
        <lei>353800IO2MFHL1NA0986</lei>
        <title>KYORITSU MAINTENANCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3253900009"/>
        </identifiers>
        <balance>52758.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1113976.79000000</valUSD>
        <pctVal>0.528310389379</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>INTERMEDIATE CAPITAL GROUP PLC</name>
        <lei>549300OGASR5WRKJ8R68</lei>
        <title>INTERMEDIATE CAPITAL GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYT1DJ19"/>
        </identifiers>
        <balance>48544.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1213670.48000000</valUSD>
        <pctVal>0.575590739073</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>AZ-COM MARUWA HOLDINGS INC</name>
        <lei>353800T8U9EBANSQUQ17</lei>
        <title>AZ-COM MARUWA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3879170003"/>
        </identifiers>
        <balance>14200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>131095.26000000</valUSD>
        <pctVal>0.062172738676</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>BARRY CALLEBAUT AG</name>
        <lei>213800Y5RWKLDPUTT265</lei>
        <title>CALLEBAUT (BARRY) AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0009002962"/>
        </identifiers>
        <balance>833.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.82535000"/>
        <valUSD>747868.18000000</valUSD>
        <pctVal>0.354681114478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RINNAI CORP</name>
        <lei>N/A</lei>
        <title>RINNAI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3977400005"/>
        </identifiers>
        <balance>43209.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>967956.55000000</valUSD>
        <pctVal>0.459059386535</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>ACERINOX SA</name>
        <lei>95980020140005582721</lei>
        <title>ACERINOX SA (REGD)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0132105018"/>
        </identifiers>
        <balance>79732.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>897372.88000000</valUSD>
        <pctVal>0.425584644049</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>SENIOR PLC</name>
        <lei>5493002HQHWN5JQHKQ51</lei>
        <title>SENIOR PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0007958233"/>
        </identifiers>
        <balance>586534.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1083399.97000000</valUSD>
        <pctVal>0.513809143190</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>GVS SPA</name>
        <lei>81560013EACB40B52D17</lei>
        <title>GVS SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005411209"/>
        </identifiers>
        <balance>166176.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>804779.36000000</valUSD>
        <pctVal>0.381671593935</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>HENSOLDT AG</name>
        <lei>894500686FYLLZD3M624</lei>
        <title>HENSOLDT AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000HAG0005"/>
        </identifiers>
        <balance>13928.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1076082.43000000</valUSD>
        <pctVal>0.510338754542</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>RESONAC HOLDINGS CORP</name>
        <lei>5493006AIPA1V92YPP18</lei>
        <title>RESONAC HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3368000000"/>
        </identifiers>
        <balance>45812.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>833227.22000000</valUSD>
        <pctVal>0.395163167663</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>DEXERIALS CORP</name>
        <lei>N/A</lei>
        <title>DEXERIALS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3548770001"/>
        </identifiers>
        <balance>62391.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>730469.53000000</valUSD>
        <pctVal>0.346429696999</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>NIB HOLDINGS LTD</name>
        <lei>529900SPKHL951XMJC07</lei>
        <title>NIB HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NHF0"/>
        </identifiers>
        <balance>294606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>1285261.34000000</valUSD>
        <pctVal>0.609543147653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DYNO NOBEL LTD</name>
        <lei>254900UW2F3BKV6Z9V18</lei>
        <title>DYNO NOBEL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000390544"/>
        </identifiers>
        <balance>637945.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>926042.00000000</valUSD>
        <pctVal>0.439181151701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KURARAY CO LTD</name>
        <lei>549300W9JPTOE739QZ31</lei>
        <title>KURARAY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3269600007"/>
        </identifiers>
        <balance>74933.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>875329.14000000</valUSD>
        <pctVal>0.415130263879</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>MILBON CO LTD</name>
        <lei>N/A</lei>
        <title>MILBON CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3910650005"/>
        </identifiers>
        <balance>47254.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>894316.16000000</valUSD>
        <pctVal>0.424134975664</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>HILL and SMITH PLC</name>
        <lei>2138003A3ISGQZBOWI83</lei>
        <title>HILL and SMITH PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004270301"/>
        </identifiers>
        <balance>45044.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1074539.48000000</valUSD>
        <pctVal>0.509607000952</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>BAYCURRENT INC</name>
        <lei>N/A</lei>
        <title>BAYCURRENT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3835250006"/>
        </identifiers>
        <balance>30760.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1657459.73000000</valUSD>
        <pctVal>0.786060538421</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>CONVATEC GROUP PLC</name>
        <lei>213800LS272L4FIDOH92</lei>
        <title>CONVATEC GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BD3VFW73"/>
        </identifiers>
        <balance>276226.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>956392.36000000</valUSD>
        <pctVal>0.453574997833</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>WIENERBERGER AG</name>
        <lei>529900VXIFBHO0SW2I31</lei>
        <title>WIENERBERGER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000831706"/>
        </identifiers>
        <balance>30562.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1069132.35000000</valUSD>
        <pctVal>0.507042636073</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>KINEPOLIS GROUP NV</name>
        <lei>5493002BJQRO0S06F161</lei>
        <title>KINEPOLIS GROUP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974274061"/>
        </identifiers>
        <balance>23086.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>795050.44000000</valUSD>
        <pctVal>0.377057593392</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>VENTIA SERVICES GROUP PTY LTD</name>
        <lei>N/A</lei>
        <title>VENTIA SERVICES GROUP PTY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000184459"/>
        </identifiers>
        <balance>327819.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>887565.44000000</valUSD>
        <pctVal>0.420933404910</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAMIGUMI CO LTD</name>
        <lei>N/A</lei>
        <title>KAMIGUMI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3219000001"/>
        </identifiers>
        <balance>53510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1307623.02000000</valUSD>
        <pctVal>0.620148312836</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>RELO GROUP INC</name>
        <lei>353800T595XRZDA8IB59</lei>
        <title>RELO GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3755200007"/>
        </identifiers>
        <balance>83237.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1095039.84000000</valUSD>
        <pctVal>0.519329423601</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>DAIEI KANKYO CO LTD</name>
        <lei>N/A</lei>
        <title>DAIEI KANKYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3480470008"/>
        </identifiers>
        <balance>59207.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1208737.12000000</valUSD>
        <pctVal>0.573251062550</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>DAIICHIKOSHO CO LTD</name>
        <lei>N/A</lei>
        <title>DAIICHIKOSHO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3475200006"/>
        </identifiers>
        <balance>104631.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1221353.61000000</valUSD>
        <pctVal>0.579234511042</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>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>96687.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1720998.85000000</valUSD>
        <pctVal>0.816194359457</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>SAWAI GROUP HOLDINGS CO LTD</name>
        <lei>N/A</lei>
        <title>SAWAI GROUP HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3323040000"/>
        </identifiers>
        <balance>92977.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1332748.37000000</valUSD>
        <pctVal>0.632064165626</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>SPECTRIS PLC</name>
        <lei>213800Z4CO2CZO3M3T10</lei>
        <title>SPECTRIS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0003308607"/>
        </identifiers>
        <balance>30880.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>823075.52000000</valUSD>
        <pctVal>0.390348661088</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>MARUWA CERAMIC CO LTD</name>
        <lei>3538009BXGIG8PFXNI29</lei>
        <title>MARUWA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3879250003"/>
        </identifiers>
        <balance>4535.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>921717.02000000</valUSD>
        <pctVal>0.437130003160</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>WORKMAN CO LTD</name>
        <lei>N/A</lei>
        <title>WORKMAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3990100004"/>
        </identifiers>
        <balance>29609.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>936023.78000000</valUSD>
        <pctVal>0.443915072664</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>IHI CORP</name>
        <lei>549300ETQIESIUQ2OE26</lei>
        <title>IHI CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3134800006"/>
        </identifiers>
        <balance>19276.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1509930.98000000</valUSD>
        <pctVal>0.716094115371</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>MEIDENSHA CORP</name>
        <lei>529900VFKHJPVURD7985</lei>
        <title>MEIDENSHA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3919800007"/>
        </identifiers>
        <balance>37561.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1029788.22000000</valUSD>
        <pctVal>0.488383438838</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>OCI NV</name>
        <lei>549300NCMRGIBJYUOE57</lei>
        <title>OCI NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0010558797"/>
        </identifiers>
        <balance>71258.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>589289.76000000</valUSD>
        <pctVal>0.279474317021</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>FP CORP</name>
        <lei>N/A</lei>
        <title>FP CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3167000003"/>
        </identifiers>
        <balance>55309.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1191437.40000000</valUSD>
        <pctVal>0.565046563236</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>HUHTAMAKI OY</name>
        <lei>5493007050SJVMXN6L29</lei>
        <title>HUHTAMAKI OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009000459"/>
        </identifiers>
        <balance>29178.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1071620.32000000</valUSD>
        <pctVal>0.508222571249</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>H.U. GROUP HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>H.U. GROUP HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3822000000"/>
        </identifiers>
        <balance>69016.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1351551.27000000</valUSD>
        <pctVal>0.640981557362</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>ALS LTD</name>
        <lei>549300RYCQ8DMIO2J661</lei>
        <title>ALS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ALQ6"/>
        </identifiers>
        <balance>139630.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>1532084.69000000</valUSD>
        <pctVal>0.726600649494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UACJ CORP</name>
        <lei>353800GO7FBE4RSRH831</lei>
        <title>UACJ CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3826900007"/>
        </identifiers>
        <balance>29454.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>991894.04000000</valUSD>
        <pctVal>0.470411889367</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>FLETCHER BUILDING LTD</name>
        <lei>549300UPHQTT2LG75045</lei>
        <title>FLETCHER BUILDING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZFBUE0001S0"/>
        </identifiers>
        <balance>567380.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.68350168"/>
        <valUSD>1033049.37000000</valUSD>
        <pctVal>0.489930059415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOGISTA INTEGRAL SA</name>
        <lei>9598000ANNAL42UJ7X28</lei>
        <title>LOGISTA INTEGRAL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105027009"/>
        </identifiers>
        <balance>46927.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1601216.91000000</valUSD>
        <pctVal>0.759387032832</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>TAKEUCHI MFG CO LTD</name>
        <lei>N/A</lei>
        <title>TAKEUCHI MFG CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3462660006"/>
        </identifiers>
        <balance>26773.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>834198.59000000</valUSD>
        <pctVal>0.395623845899</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>MORINAGA and CO LTD</name>
        <lei>N/A</lei>
        <title>MORINAGA and CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3926400007"/>
        </identifiers>
        <balance>68616.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1221583.63000000</valUSD>
        <pctVal>0.579343599451</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>ME GROUP INTERNATIONAL PLC</name>
        <lei>2138006YJ65EKBYYYX41</lei>
        <title>ME GROUP INTERNATIONAL PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0008481250"/>
        </identifiers>
        <balance>429266.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1152746.84000000</valUSD>
        <pctVal>0.546697325620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Cash Central Fund</title>
        <cusip>31635A105</cusip>
        <identifiers>
          <isin value="US31635A1051"/>
        </identifiers>
        <balance>9423407.23200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9425291.91000000</valUSD>
        <pctVal>4.470003041072</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>RAMI LEVI CHAIN STORES HASHIKMA MARKETING 2006 LTD</name>
        <lei>N/A</lei>
        <title>RAMI LEVI CHAIN STRES HASHIKMA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011042491"/>
        </identifiers>
        <balance>20273.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.63905000"/>
        <valUSD>1550398.02000000</valUSD>
        <pctVal>0.735285859626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZEGONA COMMUNICATIONS PLC</name>
        <lei>213800ASI1VZL2ED4S65</lei>
        <title>ZEGONA COMMUNICATIONS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BVGBY890"/>
        </identifiers>
        <balance>133739.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1204861.60000000</valUSD>
        <pctVal>0.571413073196</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>DCC PLC</name>
        <lei>213800UPS1QEE4TD3T45</lei>
        <title>DCC PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE0002424939"/>
        </identifiers>
        <balance>20370.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1326407.26000000</valUSD>
        <pctVal>0.629056854951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMI PLC</name>
        <lei>2138002W9Q21PF751R30</lei>
        <title>IMI PLC ORD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BGLP8L22"/>
        </identifiers>
        <balance>38503.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>907212.92000000</valUSD>
        <pctVal>0.430251343939</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>SUMITOMO MITSUI CONST CO LTD</name>
        <lei>N/A</lei>
        <title>SUMITOMO MITSUI CONSTR CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3889200006"/>
        </identifiers>
        <balance>373976.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1323484.80000000</valUSD>
        <pctVal>0.627670860202</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>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>80288.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1370702.25000000</valUSD>
        <pctVal>0.650064028192</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>847957.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1421630.95000000</valUSD>
        <pctVal>0.674217279471</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>290936.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1304325.08000000</valUSD>
        <pctVal>0.618584244373</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>SEB SA</name>
        <lei>969500WP61NBK098AC47</lei>
        <title>SEB SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000121709"/>
        </identifiers>
        <balance>6630.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>621142.79000000</valUSD>
        <pctVal>0.294580813703</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>NSD CO LTD</name>
        <lei>N/A</lei>
        <title>NSD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3712600000"/>
        </identifiers>
        <balance>50747.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1192188.93000000</valUSD>
        <pctVal>0.565402980991</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>PSP SWISS PROPERTY AG</name>
        <lei>50670042Y437P8X44F56</lei>
        <title>PSP SWISS PROPERTY AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0018294154"/>
        </identifiers>
        <balance>8789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.82535000"/>
        <valUSD>1564311.02000000</valUSD>
        <pctVal>0.741884186012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZUKEN INC</name>
        <lei>N/A</lei>
        <title>ZUKEN INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3412000006"/>
        </identifiers>
        <balance>30363.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1095769.20000000</valUSD>
        <pctVal>0.519675327096</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>DAIWA SECURITIES LIVING INVESTMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>DAIWA SECURITIES LIVING INVESTMENT CORPORATION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046410001"/>
        </identifiers>
        <balance>1760.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1110309.13000000</valUSD>
        <pctVal>0.526570978917</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>JET2 PLC</name>
        <lei>I72RQ3PNLDPW8R7JIJ56</lei>
        <title>JET2 PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1722W11"/>
        </identifiers>
        <balance>83205.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1755346.01000000</valUSD>
        <pctVal>0.832483712733</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>IMDEX LIMITED</name>
        <lei>529900H31NX5KRKXB865</lei>
        <title>IMDEX LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000IMD5"/>
        </identifiers>
        <balance>563272.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>1065595.22000000</valUSD>
        <pctVal>0.505365130272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AAK AB</name>
        <lei>549300GK4LGIDDWJWL07</lei>
        <title>AAK AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0011337708"/>
        </identifiers>
        <balance>41315.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.66550000"/>
        <valUSD>1078879.11000000</valUSD>
        <pctVal>0.511665097346</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>PENTA OCEAN CONST CO LTD</name>
        <lei>529900QN42Q9UIW3AS17</lei>
        <title>PENTA OCEAN CONSTRUCTION CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3309000002"/>
        </identifiers>
        <balance>239101.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1371260.46000000</valUSD>
        <pctVal>0.650328762740</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>GERRESHEIMER AG</name>
        <lei>5299006GD4UWSYZOKC28</lei>
        <title>GERRESHEIMER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A0LD6E6"/>
        </identifiers>
        <balance>12058.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>811398.37000000</valUSD>
        <pctVal>0.384810700406</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>KISSEI PHARMACEUTICAL CO LTD</name>
        <lei>N/A</lei>
        <title>KISSEI PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3240600001"/>
        </identifiers>
        <balance>36688.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>960949.50000000</valUSD>
        <pctVal>0.455736249692</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>AMOTIV LTD</name>
        <lei>254900KHH5GGEGUIZS22</lei>
        <title>AMOTIV LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000340770"/>
        </identifiers>
        <balance>176313.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>874271.64000000</valUSD>
        <pctVal>0.414628737957</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANSELL LTD</name>
        <lei>549300NEGJ5G23VCJM45</lei>
        <title>ANSELL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ANN9"/>
        </identifiers>
        <balance>59283.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>1150063.56000000</valUSD>
        <pctVal>0.545424763467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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>52734.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1386028.62000000</valUSD>
        <pctVal>0.657332654051</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>HYSAN DEVELOPMENT LTD</name>
        <lei>5299007BABFLKIH9HL03</lei>
        <title>HYSAN DEVELOPMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0014000126"/>
        </identifiers>
        <balance>395383.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75560000"/>
        <valUSD>645410.90000000</valUSD>
        <pctVal>0.306090115116</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>FAGRON</name>
        <lei>549300TRKRUFK2RRG779</lei>
        <title>FAGRON</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003874915"/>
        </identifiers>
        <balance>61065.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1418138.45000000</valUSD>
        <pctVal>0.672560939723</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>SPAREBANK 1 SMN</name>
        <lei>7V6Z97IO7R1SEAO84Q32</lei>
        <title>SPAREBANK 1 SMN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0006390301"/>
        </identifiers>
        <balance>97528.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.40340000"/>
        <valUSD>1763742.42000000</valUSD>
        <pctVal>0.836465762158</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>INCHCAPE PLC</name>
        <lei>213800RGEH1MPPNM2T57</lei>
        <title>INCHCAPE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B61TVQ02"/>
        </identifiers>
        <balance>136522.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>1221746.37000000</valUSD>
        <pctVal>0.579420779904</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>EUROAPI SASU</name>
        <lei>9695002FT7GGI3CKKJ14</lei>
        <title>EUROAPI SASU</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0014008VX5"/>
        </identifiers>
        <balance>101810.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>316480.50000000</valUSD>
        <pctVal>0.150092836481</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>KOTOBUKI SPIRITS CO LTD</name>
        <lei>N/A</lei>
        <title>KOTOBUKI SPIRITS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3299600001"/>
        </identifiers>
        <balance>81109.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1204325.13000000</valUSD>
        <pctVal>0.571158648978</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>SEGA SAMMY HLDINGS INC</name>
        <lei>5493006B6WMKNQ8QNP51</lei>
        <title>SEGA SAMMY HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3419050004"/>
        </identifiers>
        <balance>56583.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1184253.93000000</valUSD>
        <pctVal>0.561639758115</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>COSMOS PHARMACEUTICAL CORP</name>
        <lei>N/A</lei>
        <title>COSMOS PHARMACEUTICAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3298400007"/>
        </identifiers>
        <balance>27447.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1767027.80000000</valUSD>
        <pctVal>0.838023873963</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>PUUILO OYJ</name>
        <lei>743700UJUT6FWHBXPR69</lei>
        <title>PUUILO OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000507124"/>
        </identifiers>
        <balance>79571.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1130380.77000000</valUSD>
        <pctVal>0.536090078452</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>ADDLIFE AB</name>
        <lei>5493005T3M7CD7XWE013</lei>
        <title>ADDLIFE AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0014401378"/>
        </identifiers>
        <balance>79090.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.66550000"/>
        <valUSD>1497436.24000000</valUSD>
        <pctVal>0.710168407570</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>EVOLUTION MINING LTD</name>
        <lei>254900BCFW5QO5LW8F27</lei>
        <title>EVOLUTION MINING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000EVN4"/>
        </identifiers>
        <balance>236759.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>1187351.83000000</valUSD>
        <pctVal>0.563108956370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOSOKAWA MICRON CORP</name>
        <lei>N/A</lei>
        <title>HOSOKAWA MICRON CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3846000002"/>
        </identifiers>
        <balance>38394.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1066052.45000000</valUSD>
        <pctVal>0.505581974430</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>DOF GROUP ASA</name>
        <lei>213800GIV9N2A714T434</lei>
        <title>DOF GROUP ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0012851874"/>
        </identifiers>
        <balance>141121.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="10.40340000"/>
        <valUSD>1096721.54000000</valUSD>
        <pctVal>0.520126980237</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>ANRITSU CORP</name>
        <lei>N/A</lei>
        <title>ANRITSU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3128800004"/>
        </identifiers>
        <balance>92697.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>926127.18000000</valUSD>
        <pctVal>0.439221548844</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>RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA</name>
        <lei>815600FBF92FD3531704</lei>
        <title>RECORDATI SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003828271"/>
        </identifiers>
        <balance>18367.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1078845.85000000</valUSD>
        <pctVal>0.511649323585</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>IPSOS SA</name>
        <lei>9695002OY2X35E9X8W87</lei>
        <title>IPSOS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000073298"/>
        </identifiers>
        <balance>22052.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1038735.27000000</valUSD>
        <pctVal>0.492626632692</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>VALLOUREC SA</name>
        <lei>969500P2Q1B47H4MCJ34</lei>
        <title>VALLOUREC SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013506730"/>
        </identifiers>
        <balance>88611.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1636744.35000000</valUSD>
        <pctVal>0.776236141205</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>VICAT (SA DES CIMENTS)</name>
        <lei>9695009YI1863TOVDP79</lei>
        <title>VICAT (SA DES CIMENTS)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000031775"/>
        </identifiers>
        <balance>17224.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>960000.65000000</valUSD>
        <pctVal>0.455286251705</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>ZENKOKU HOSHO CO LTD</name>
        <lei>353800VOQEKTSCSL9O03</lei>
        <title>ZENKOKU HOSHO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3429250008"/>
        </identifiers>
        <balance>74372.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1607804.25000000</valUSD>
        <pctVal>0.762511119610</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>NATIONAL STORAGE REIT</name>
        <lei>N/A</lei>
        <title>NATIONAL STORAGE REIT STAPLED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NSR2"/>
        </identifiers>
        <balance>914480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>1344664.81000000</valUSD>
        <pctVal>0.637715611072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELIS SA</name>
        <lei>969500UX71LCE8MAY492</lei>
        <title>ELIS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0012435121"/>
        </identifiers>
        <balance>56155.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1435158.72000000</valUSD>
        <pctVal>0.680632908145</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>GALILEI CO LTD</name>
        <lei>N/A</lei>
        <title>GALILEI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3805150004"/>
        </identifiers>
        <balance>50789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1017342.96000000</valUSD>
        <pctVal>0.482481197233</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>REXEL SA</name>
        <lei>969500N6AVPA51648T62</lei>
        <title>REXEL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010451203"/>
        </identifiers>
        <balance>45793.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1265270.27000000</valUSD>
        <pctVal>0.600062258939</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>KYUSHU RAILWAY COMPANY</name>
        <lei>5299002CCI6HLWAN3K50</lei>
        <title>KYUSHU RAILWAY COMPANY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3247010006"/>
        </identifiers>
        <balance>51112.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1313726.40000000</valUSD>
        <pctVal>0.623042878587</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>RAI WAY SPA</name>
        <lei>815600303CCB3CFD2264</lei>
        <title>RAI WAY SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005054967"/>
        </identifiers>
        <balance>180932.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1238011.65000000</valUSD>
        <pctVal>0.587134689644</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>ADDTECH AB</name>
        <lei>549300QZ5U2IDRHPWL60</lei>
        <title>ADDTECH AB CL B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0014781795"/>
        </identifiers>
        <balance>35951.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.66550000"/>
        <valUSD>1207355.50000000</valUSD>
        <pctVal>0.572595820711</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>SAF HOLLAND SE</name>
        <lei>222100QJQLUJHWREL058</lei>
        <title>SAF HOLLAND SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000SAFH001"/>
        </identifiers>
        <balance>77789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1402922.44000000</valUSD>
        <pctVal>0.665344652777</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>ELEMENTIS PLC</name>
        <lei>549300LQIH685LI2ML36</lei>
        <title>ELEMENTIS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0002418548"/>
        </identifiers>
        <balance>490526.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75035642"/>
        <valUSD>818462.44000000</valUSD>
        <pctVal>0.388160879338</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>101425.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75560000"/>
        <valUSD>682653.18000000</valUSD>
        <pctVal>0.323752496976</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>DIGITAL GARAGE INC</name>
        <lei>353800XMG9BC18FQ8862</lei>
        <title>DIGITAL GARAGE INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3549070005"/>
        </identifiers>
        <balance>30363.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>954550.88000000</valUSD>
        <pctVal>0.452701664542</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>VIRBAC SA (SOCIETE)</name>
        <lei>969500QQ1X5XHG649644</lei>
        <title>VIRBAC SA (SOCIETE)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000031577"/>
        </identifiers>
        <balance>3569.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.88272940"/>
        <valUSD>1253980.38000000</valUSD>
        <pctVal>0.594707958710</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>WHITEHAVEN COAL LTD</name>
        <lei>529900WCZ4I6ZO3RRP86</lei>
        <title>WHITEHAVEN COAL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000WHC8"/>
        </identifiers>
        <balance>240166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.56115838"/>
        <valUSD>768227.63000000</valUSD>
        <pctVal>0.364336709687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOOMIS AB</name>
        <lei>213800NS2XXVRYS7WP40</lei>
        <title>LOOMIS AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0014504817"/>
        </identifiers>
        <balance>30771.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.66550000"/>
        <valUSD>1286170.81000000</valUSD>
        <pctVal>0.609974469431</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>LUK FOOK HOLDINGS INTERNATIONAL LTD</name>
        <lei>529900U7PECBLERIIX44</lei>
        <title>LUK FOOK HOLDINGS INTL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG5695X1258"/>
        </identifiers>
        <balance>471635.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75560000"/>
        <valUSD>1028942.21000000</valUSD>
        <pctVal>0.487982213358</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>NIPPON GAS CO LTD</name>
        <lei>549300N3DC5V2XON9C60</lei>
        <title>NIPPON GAS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3695600001"/>
        </identifiers>
        <balance>56479.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="142.98000000"/>
        <valUSD>1039082.46000000</valUSD>
        <pctVal>0.492791289699</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>
    <explntrNotes>
      <explntrNote note="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-05-30</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>
</edgarSubmission>
