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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAIWA SECURITIES GROUP INC</name>
        <lei>353800WRC7Y23PWFJG38</lei>
        <title>DAIWA SECURITIES GROUP INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3502200003"/>
          <ticker value="8601"/>
          <other otherDesc="SEDOL" value="6251448"/>
        </identifiers>
        <balance>3255300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>30641702.24000000</valUSD>
        <pctVal>0.489688230122</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>MITSUI KINZOKU CO LTD</name>
        <lei>35380021EYAHSQM25559</lei>
        <title>MITSUI KINZOKU CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3888400003"/>
          <ticker value="5706"/>
          <other otherDesc="SEDOL" value="6597346"/>
        </identifiers>
        <balance>48000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13188417.64000000</valUSD>
        <pctVal>0.210765473851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MURATA MANUFACTURING COMPANY LTD</name>
        <lei>529900QZG6DL8ZRI7140</lei>
        <title>MURATA MANUFACTURING COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3914400001"/>
          <ticker value="6981"/>
          <other otherDesc="SEDOL" value="6610403"/>
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        <balance>1672700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>55473845.82000000</valUSD>
        <pctVal>0.886533299125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STANDARD CHARTERED PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>STANDARD CHARTERED PLC ORD USD0.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0004082847"/>
          <ticker value="STAN"/>
          <other otherDesc="SEDOL" value="0408284"/>
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        <balance>522735.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>13311372.85000000</valUSD>
        <pctVal>0.212730433849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOYO TIRE CORP</name>
        <lei>529900Y41RD7VQM9RF75</lei>
        <title>TOYO TIRE CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3610600003"/>
          <ticker value="5105"/>
          <other otherDesc="SEDOL" value="6900182"/>
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        <balance>54700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1341141.36000000</valUSD>
        <pctVal>0.021432919547</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>SCOUT24 SE</name>
        <lei>5493007EIKM2ENQS7U66</lei>
        <title>SCOUT24 SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000A12DM80"/>
          <ticker value="G24"/>
          <other otherDesc="SEDOL" value="BYT9340"/>
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        <balance>172191.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>14337040.80000000</valUSD>
        <pctVal>0.229121740024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MITSUI O.S.K.LINES LTD</name>
        <lei>353800P8O843TMAZ6S09</lei>
        <title>MITSUI O.S.K.LINES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3362700001"/>
          <ticker value="9104"/>
          <other otherDesc="SEDOL" value="6597584"/>
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        <balance>362800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13704466.83000000</valUSD>
        <pctVal>0.219012509624</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>ALPS ALPINE CO LTD</name>
        <lei>529900PWNU4ASLY9VI90</lei>
        <title>ALPS ALPINE CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3126400005"/>
          <ticker value="6770"/>
          <other otherDesc="SEDOL" value="6021500"/>
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        <balance>80000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1200497.28000000</valUSD>
        <pctVal>0.019185271878</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>REPSOL SA</name>
        <lei>BSYCX13Y0NOTV14V9N85</lei>
        <title>REPSOL SA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0173516115"/>
          <ticker value="REP"/>
          <other otherDesc="SEDOL" value="5669354"/>
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        <balance>1448036.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>38895980.23000000</valUSD>
        <pctVal>0.621600705094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KINDEN CORP</name>
        <lei>35380008T6JUN5TU9T34</lei>
        <title>KINDEN CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3263000006"/>
          <ticker value="1944"/>
          <other otherDesc="SEDOL" value="6492924"/>
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        <balance>333200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>17853191.45000000</valUSD>
        <pctVal>0.285313709228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCHE HOLDING AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>ROCHE HOLDING AG CHF0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1499059983"/>
          <ticker value="ROP"/>
          <other otherDesc="SEDOL" value="BTMJD19"/>
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        <balance>83942.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>34206365.21000000</valUSD>
        <pctVal>0.546655479757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HONG KONG EXCHANGES AND CLEARING LTD</name>
        <lei>213800YTVSXYQN17BW16</lei>
        <title>HONG KONG EXCHANGES AND CLEARING LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0388045442"/>
          <ticker value="388"/>
          <other otherDesc="SEDOL" value="6267359"/>
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        <balance>215700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>11488775.47000000</valUSD>
        <pctVal>0.183603315576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNILEVER PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>UNILEVER PLC ORD GBP0.035</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BVZK7T90"/>
          <ticker value="UNA"/>
          <other otherDesc="SEDOL" value="BTMR1D1"/>
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        <balance>566265.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>33161092.14000000</valUSD>
        <pctVal>0.529950862121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCA GENERALI SPA</name>
        <lei>815600903231FA2E7698</lei>
        <title>BANCA GENERALI SPA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0001031084"/>
          <ticker value="BGN"/>
          <other otherDesc="SEDOL" value="B1HKSV6"/>
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        <balance>48318.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>3169245.23000000</valUSD>
        <pctVal>0.050648037610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NGK CORP</name>
        <lei>353800701BNCL25VYY16</lei>
        <title>NGK CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3695200000"/>
          <ticker value="5333"/>
          <other otherDesc="SEDOL" value="6619507"/>
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        <balance>1298900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.657205275011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BNP PARIBAS SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP PARIBAS SA EUR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000131104"/>
          <ticker value="BNP"/>
          <other otherDesc="SEDOL" value="7309681"/>
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        <balance>526951.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>55341243.26000000</valUSD>
        <pctVal>0.884414163824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMADEUS IT GROUP SA</name>
        <lei>9598004A3FTY3TEHHN09</lei>
        <title>AMADEUS IT GROUP SA EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0109067019"/>
          <ticker value="AMS"/>
          <other otherDesc="SEDOL" value="B3MSM28"/>
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        <balance>130345.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <pctVal>0.120197370393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RS GROUP PLC</name>
        <lei>549300KVXDURRKVW7R37</lei>
        <title>RS GROUP PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0003096442"/>
          <ticker value="RS1"/>
          <other otherDesc="SEDOL" value="0309644"/>
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        <balance>96831.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>793212.87000000</valUSD>
        <pctVal>0.012676417366</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>
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      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL GRID PLC</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>NATIONAL GRID PLC ORD GBP0.12431289</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BDR05C01"/>
          <ticker value="NG/"/>
          <other otherDesc="SEDOL" value="BDR05C0"/>
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        <balance>2182133.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>39061498.49000000</valUSD>
        <pctVal>0.624245869621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BASF SE</name>
        <lei>529900PM64WH8AF1E917</lei>
        <title>BASF SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000BASF111"/>
          <ticker value="BAS"/>
          <other otherDesc="SEDOL" value="5086577"/>
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        <balance>429303.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>27534058.00000000</valUSD>
        <pctVal>0.440024644339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GSK PLC</name>
        <lei>5493000HZTVUYLO1D793</lei>
        <title>GSK PLC SPONSORED ADR</title>
        <cusip>37733W204</cusip>
        <identifiers>
          <isin value="US37733W2044"/>
          <ticker value="GSK"/>
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        <balance>632003.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33060076.93000000</valUSD>
        <pctVal>0.528336527545</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>RELX PLC</name>
        <lei>549300WSX3VBUFFJOO66</lei>
        <title>RELX PLC ORD GBP0.1444</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B2B0DG97"/>
          <ticker value="REL"/>
          <other otherDesc="SEDOL" value="B2B0DG9"/>
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        <balance>365849.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>13341195.09000000</valUSD>
        <pctVal>0.213207026168</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>BRAMBLES LTD</name>
        <lei>N/A</lei>
        <title>BRAMBLES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BXB1"/>
          <ticker value="BXB"/>
          <other otherDesc="SEDOL" value="B1FJ0C0"/>
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        <balance>447587.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>7292298.92000000</valUSD>
        <pctVal>0.116538987412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KBC ANCORA SA</name>
        <lei>549300I4XZ0RR3ZOSZ55</lei>
        <title>KBC ANCORA SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003867844"/>
          <ticker value="KBCA"/>
          <other otherDesc="SEDOL" value="B1YWXY3"/>
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        <balance>9167.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>836794.90000000</valUSD>
        <pctVal>0.013372906320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NOVARTIS AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>NOVARTIS AG CHF0.49 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0012005267"/>
          <ticker value="NOVN"/>
          <other otherDesc="SEDOL" value="7103065"/>
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        <balance>202881.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>29983715.86000000</valUSD>
        <pctVal>0.479172881355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ING GROEP NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING GROEP NV EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0011821202"/>
          <ticker value="INGA"/>
          <other otherDesc="SEDOL" value="BZ57390"/>
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        <balance>1495192.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>43272978.98000000</valUSD>
        <pctVal>0.691549977310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>L'AIR LIQUIDE SA</name>
        <lei>969500MMPQVHK671GT54</lei>
        <title>L'AIR LIQUIDE SA EUR5.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000120073"/>
          <ticker value="AI"/>
          <other otherDesc="SEDOL" value="B1YXBJ7"/>
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        <balance>241902.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>52042942.81000000</valUSD>
        <pctVal>0.831703681321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RENESAS ELECTRONICS CORP</name>
        <lei>5299000EPC47VJQOFB81</lei>
        <title>RENESAS ELECTRONICS CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3164720009"/>
          <ticker value="6723"/>
          <other otherDesc="SEDOL" value="6635677"/>
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        <balance>1103200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>22309625.02000000</valUSD>
        <pctVal>0.356532437563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DAI NIPPON PRINTING CO LTD</name>
        <lei>529900S7NFNQ4FT6OP83</lei>
        <title>DAI NIPPON PRINTING CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3493800001"/>
          <ticker value="7912"/>
          <other otherDesc="SEDOL" value="6250906"/>
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        <balance>193700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3668897.49000000</valUSD>
        <pctVal>0.058633032339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>DEUTSCHE BANK AG ORD NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005140008"/>
          <ticker value="DBK"/>
          <other otherDesc="SEDOL" value="5750355"/>
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        <balance>2272573.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>70606720.17000000</valUSD>
        <pctVal>1.128373337876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IG GROUP HOLDINGS PLC</name>
        <lei>2138003A5Q1M7ANOUD76</lei>
        <title>IG GROUP HOLDINGS PLC ORD GBP0.00005</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B06QFB75"/>
          <ticker value="IGG"/>
          <other otherDesc="SEDOL" value="B06QFB7"/>
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        <balance>100055.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>2046334.48000000</valUSD>
        <pctVal>0.032702684136</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ROLLS-ROYCE HOLDINGS PLC</name>
        <lei>213800EC7997ZBLZJH69</lei>
        <title>ROLLS-ROYCE HOLDINGS PLC ORD GBP0.20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B63H8491"/>
          <ticker value="RR/"/>
          <other otherDesc="SEDOL" value="B63H849"/>
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        <balance>1326397.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>21343821.55000000</valUSD>
        <pctVal>0.341097831869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASML HOLDING NV</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML HOLDING NV EUR0.09</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
          <ticker value="ASML"/>
          <other otherDesc="SEDOL" value="B929F46"/>
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        <balance>134546.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>194492645.94000000</valUSD>
        <pctVal>3.108207201288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NSK LTD</name>
        <lei>353800FVQK6SULSPBC69</lei>
        <title>NSK LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3720800006"/>
          <ticker value="6471"/>
          <other otherDesc="SEDOL" value="6641544"/>
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        <balance>800200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6499514.95000000</valUSD>
        <pctVal>0.103869424341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNICREDIT SPA</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UNICREDIT SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005239360"/>
          <ticker value="UCG"/>
          <other otherDesc="SEDOL" value="BYMXPS7"/>
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        <balance>373891.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>28895214.59000000</valUSD>
        <pctVal>0.461777429359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCO SANTANDER SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>BANCO SANTANDER SA EUR0.50(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0113900J37"/>
          <ticker value="SAN"/>
          <other otherDesc="SEDOL" value="5705946"/>
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        <balance>703952.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>8589862.33000000</valUSD>
        <pctVal>0.137275483209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>HENKEL AG &amp; CO. KGAA</name>
        <lei>549300VZCL1HTH4O4Y49</lei>
        <title>HENKEL AG &amp; CO. KGAA NPV(BR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006048408"/>
          <ticker value="HEN"/>
          <other otherDesc="SEDOL" value="5002465"/>
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        <balance>37125.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <pctVal>0.040887733840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LEGRAND SA</name>
        <lei>969500XXRPGD7HCAFA90</lei>
        <title>LEGRAND SA EUR4</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0010307819"/>
          <ticker value="LR"/>
          <other otherDesc="SEDOL" value="B11ZRK9"/>
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        <balance>190792.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <pctVal>0.546282362849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NATWEST GROUP PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NATWEST GROUP PLC ORD GBP1.0769</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BM8PJY71"/>
          <ticker value="NWG"/>
          <other otherDesc="SEDOL" value="BM8PJY7"/>
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        <balance>4139147.00000000</balance>
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        <pctVal>0.527590021091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRESENIUS SE &amp; CO. KGAA</name>
        <lei>XDFJ0CYCOO1FXRFTQS51</lei>
        <title>FRESENIUS SE &amp; CO. KGAA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005785604"/>
          <ticker value="FRE"/>
          <other otherDesc="SEDOL" value="4352097"/>
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        <balance>451589.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARISTOCRAT LEISURE LTD</name>
        <lei>529900TE2HO3OZKYKC27</lei>
        <title>ARISTOCRAT LEISURE LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ALL7"/>
          <ticker value="ALL"/>
          <other otherDesc="SEDOL" value="6253983"/>
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        <balance>90668.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3119477.85000000</valUSD>
        <pctVal>0.049852699935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKIO MARINE HOLDINGS INC</name>
        <lei>5299009QN2NZ191KLS29</lei>
        <title>TOKIO MARINE HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3910660004"/>
          <ticker value="8766"/>
          <other otherDesc="SEDOL" value="6513126"/>
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        <balance>260600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11934638.44000000</valUSD>
        <pctVal>0.190728698068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AOZORA BANK LTD</name>
        <lei>X0XUGKC9FD2CYUQNC010</lei>
        <title>AOZORA BANK LTD NPV</title>
        <cusip>000000000</cusip>
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        <balance>224900.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WH GROUP LTD</name>
        <lei>254900A4AYEDRWYSE928</lei>
        <title>WH GROUP LTD USD0.0001</title>
        <cusip>000000000</cusip>
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          <isin value="KYG960071028"/>
          <ticker value="288"/>
          <other otherDesc="SEDOL" value="BLLHKZ1"/>
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        <balance>20986000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HARBOUR ENERGY PLC</name>
        <lei>213800YPC42DYBKVPF97</lei>
        <title>HARBOUR ENERGY PLC ORD GBP0.00002</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BMBVGQ36"/>
          <ticker value="HBR"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKYO GAS COMPANY LTD</name>
        <lei>353800678EIJLOQSWZ83</lei>
        <title>TOKYO GAS COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3573000001"/>
          <ticker value="9531"/>
          <other otherDesc="SEDOL" value="6895448"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FUJIFILM HOLDINGS CORP</name>
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        <title>FUJIFILM HOLDINGS CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3814000000"/>
          <ticker value="4901"/>
          <other otherDesc="SEDOL" value="6356525"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EASYJET PLC</name>
        <lei>2138001S47XKWIB7TH90</lei>
        <title>EASYJET PLC ORD GBP0.27285714</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B7KR2P84"/>
          <ticker value="EZJ"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANCO BPM SPA</name>
        <lei>815600E4E6DCD2D25E30</lei>
        <title>BANCO BPM SPA NPV</title>
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        <identifiers>
          <isin value="IT0005218380"/>
          <ticker value="BAMI"/>
          <other otherDesc="SEDOL" value="BYMD5K9"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CELLNEX TELECOM SA</name>
        <lei>5493008T4YG3AQUI7P67</lei>
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        <cusip>000000000</cusip>
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          <isin value="ES0105066007"/>
          <ticker value="CLNX"/>
          <other otherDesc="SEDOL" value="BX90C05"/>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AAC TECHNOLOGIES HOLDINGS INC</name>
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          <isin value="KYG2953R1149"/>
          <ticker value="2018"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DISCO CORP</name>
        <lei>N/A</lei>
        <title>DISCO CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3548600000"/>
          <ticker value="6146"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ARGENX SE</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MITSUI &amp; CO. LTD</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3893600001"/>
          <ticker value="8031"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KONGSBERG MARITIME ASA</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SMITHS GROUP PLC</name>
        <lei>213800MJL6IPZS3ASA11</lei>
        <title>SMITHS GROUP PLC ORD GBP0.375</title>
        <cusip>000000000</cusip>
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        <name>SUMITOMO FORESTRY COMPANY LTD</name>
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        <name>ASM INTERNATIONAL NV</name>
        <lei>7245001I22ND6ZFHX623</lei>
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        <invCountry>NL</invCountry>
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        <name>GOLDMAN SACHS TRUST</name>
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        <title>Goldman Sachs Financial Square Government Fund</title>
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        <name>H&amp;M HENNES &amp; MAURITZ AB</name>
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        <name>ORIX CORP</name>
        <lei>35380016EMHNBOVYE123</lei>
        <title>ORIX CORP NPV</title>
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          <ticker value="8591"/>
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        <name>NIPPON ELECTRIC GLASS CO LTD</name>
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        <title>NIPPON ELECTRIC GLASS CO LTD NPV</title>
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          <ticker value="5214"/>
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        <name>SOFTBANK GROUP CORP</name>
        <lei>5493003BZYYYCDIO0R13</lei>
        <title>SOFTBANK GROUP CORP NPV</title>
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          <isin value="JP3436100006"/>
          <ticker value="9984"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SAGE GROUP PLC (THE)</name>
        <lei>2138005RN5XYLTF8G138</lei>
        <title>SAGE GROUP PLC (THE) GBP0.01051948</title>
        <cusip>000000000</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>CHIBA BANK LTD (THE)</name>
        <lei>FGJPAKKCTZVSKZXNBS63</lei>
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          <isin value="JP3511800009"/>
          <ticker value="8331"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>HSBC HOLDINGS PLC</name>
        <lei>MLU0ZO3ML4LN2LL2TL39</lei>
        <title>HSBC HOLDINGS PLC ORD USD0.50</title>
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          <isin value="GB0005405286"/>
          <ticker value="HSBA"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CK ASSET HOLDINGS LTD</name>
        <lei>5299006GJZSGP78B8S35</lei>
        <title>CK ASSET HOLDINGS LTD HKD1</title>
        <cusip>000000000</cusip>
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          <isin value="KYG2177B1014"/>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORICA LTD</name>
        <lei>N/A</lei>
        <title>ORICA LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000ORI1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AMG CRITICAL MATERIALS NV</name>
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          <isin value="NL0000888691"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEMETSCHEK SE</name>
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        <cusip>000000000</cusip>
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          <isin value="DE0006452907"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CONTINENTAL AG</name>
        <lei>529900A7YD9C0LLXM621</lei>
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          <isin value="DE0005439004"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AIRBUS SE</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KYUSHU RAILWAY COMPANY</name>
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          <isin value="JP3247010006"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INDUSTRIA DE DISENO TEXTIL SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GALENICA AG</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RIO TINTO PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TENARIS SA</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>AL SYDBANK A/S</name>
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        <name>SPOTIFY TECHNOLOGY SA</name>
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        <name>KNORR BREMSE AG</name>
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        <name>CREDIT SAISON COMPANY LTD</name>
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        <title>CREDIT SAISON COMPANY LTD NPV</title>
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        <name>LASERTEC CORP</name>
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        <name>MITSUBISHI UFJ FINANCIAL GROUP INC</name>
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        <name>SUMITOMO HEAVY INDUSTRIES LTD</name>
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        <title>SUMITOMO HEAVY INDUSTRIES LTD NPV</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TELEFONAKTIEBOLAGET LM ERICSSON</name>
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        <title>TELEFONAKTIEBOLAGET LM ERICSSON SER'B'NPV</title>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SERVICE STREAM LTD</name>
        <lei>254900BGR8Y25CRN1892</lei>
        <title>SERVICE STREAM LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SSM2"/>
          <ticker value="SSM"/>
          <other otherDesc="SEDOL" value="B04KLG8"/>
        </identifiers>
        <balance>473685.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>667824.97000000</valUSD>
        <pctVal>0.010672580296</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>GEA GROUP AG</name>
        <lei>549300PHUU0ZZWO8EO07</lei>
        <title>GEA GROUP AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006602006"/>
          <ticker value="G1A"/>
          <other otherDesc="SEDOL" value="4557104"/>
        </identifiers>
        <balance>248425.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>16987730.41000000</valUSD>
        <pctVal>0.271482686343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HACHIJUNI NAGANO BANK LTD</name>
        <lei>FE70I3MHDCWOZWK19W48</lei>
        <title>HACHIJUNI NAGANO BANK LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3769000005"/>
          <ticker value="8359"/>
          <other otherDesc="SEDOL" value="6400626"/>
        </identifiers>
        <balance>123200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1669156.37000000</valUSD>
        <pctVal>0.026674961535</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>SWIRE PROPERTIES LTD</name>
        <lei>5299001L12PHYVQ92465</lei>
        <title>SWIRE PROPERTIES LTD HKD1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000063609"/>
          <ticker value="1972"/>
          <other otherDesc="SEDOL" value="B67C2G0"/>
        </identifiers>
        <balance>1636000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>5221832.11000000</valUSD>
        <pctVal>0.083450642001</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>KIOXIA HOLDINGS CORP</name>
        <lei>35380080RTKRARNH4R73</lei>
        <title>KIOXIA HOLDINGS CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3236330001"/>
          <ticker value="285A"/>
          <other otherDesc="SEDOL" value="BMGYJ02"/>
        </identifiers>
        <balance>42600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10307439.03000000</valUSD>
        <pctVal>0.164724255074</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>DASSAULT AVIATION SA</name>
        <lei>969500CVFTUT88V8QN95</lei>
        <title>DASSAULT AVIATION SA EUR0.80</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0014004L86"/>
          <ticker value="AM"/>
          <other otherDesc="SEDOL" value="BMT9L19"/>
        </identifiers>
        <balance>41103.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>14373644.94000000</valUSD>
        <pctVal>0.229706714592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PANDORA A/S</name>
        <lei>5299007OWYZ6I1E46843</lei>
        <title>PANDORA A/S DKK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0060252690"/>
          <ticker value="PNDORA"/>
          <other otherDesc="SEDOL" value="B44XTX8"/>
        </identifiers>
        <balance>99360.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>7561196.38000000</valUSD>
        <pctVal>0.120836265685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>3I GROUP PLC</name>
        <lei>35GDVHRBMFE7NWATNM84</lei>
        <title>3I GROUP PLC ORD GBP0.738636</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B1YW4409"/>
          <ticker value="III"/>
          <other otherDesc="SEDOL" value="B1YW440"/>
        </identifiers>
        <balance>71237.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>2477466.05000000</valUSD>
        <pctVal>0.039592642592</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>RECKITT BENCKISER GROUP PLC</name>
        <lei>5493003JFSMOJG48V108</lei>
        <title>RECKITT BENCKISER GROUP PLC ORD GBP0.1041666666666667</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BSZBP530"/>
          <ticker value="RKT"/>
          <other otherDesc="SEDOL" value="BSZBP53"/>
        </identifiers>
        <balance>410180.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>26099220.67000000</valUSD>
        <pctVal>0.417094359750</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>HERMES INTERNATIONAL SA</name>
        <lei>969500Y4IJGHJE2MTJ13</lei>
        <title>HERMES INTERNATIONAL SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000052292"/>
          <ticker value="RMS"/>
          <other otherDesc="SEDOL" value="5253973"/>
        </identifiers>
        <balance>16735.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>32015786.26000000</valUSD>
        <pctVal>0.511647609745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICG PLC</name>
        <lei>549300OGASR5WRKJ8R68</lei>
        <title>ICG PLC ORD GBP0.2625</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BYT1DJ19"/>
          <ticker value="ICG"/>
          <other otherDesc="SEDOL" value="BYT1DJ1"/>
        </identifiers>
        <balance>71186.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>1755073.82000000</valUSD>
        <pctVal>0.028048017238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUJITSU LTD</name>
        <lei>3538000246DHJLRTUZ24</lei>
        <title>FUJITSU LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3818000006"/>
          <ticker value="6702"/>
          <other otherDesc="SEDOL" value="6356945"/>
        </identifiers>
        <balance>1851400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>37160101.80000000</valUSD>
        <pctVal>0.593859451380</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>KONGSBERG GRUPPEN ASA</name>
        <lei>5967007LIEEXZXJ9HK73</lei>
        <title>KONGSBERG GRUPPEN ASA NOK0.19</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0013536151"/>
          <ticker value="KOG"/>
          <other otherDesc="SEDOL" value="BSTRB82"/>
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        <balance>284104.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>9506216.07000000</valUSD>
        <pctVal>0.151919827626</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>ENDEAVOUR MINING PLC</name>
        <lei>529900NI5MXQ91GHXR07</lei>
        <title>ENDEAVOUR MINING PLC ORD USD0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BL6K5J42"/>
          <ticker value="EDV"/>
          <other otherDesc="SEDOL" value="BL6K5J4"/>
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        <balance>339721.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>20504488.15000000</valUSD>
        <pctVal>0.327684357516</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>YOKOHAMA FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
        <title>YOKOHAMA FINANCIAL GROUP INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3305990008"/>
          <ticker value="7186"/>
          <other otherDesc="SEDOL" value="BD97JW7"/>
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        <balance>2053600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>19494017.71000000</valUSD>
        <pctVal>0.311535924329</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>JARDINE MATHESON HOLDINGS LTD</name>
        <lei>2138009KENVUNWOLPK41</lei>
        <title>JARDINE MATHESON HOLDINGS LTD USD0.25(SINGAPORE REG)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG507361001"/>
          <ticker value="JM"/>
          <other otherDesc="SEDOL" value="6472119"/>
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        <balance>87600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5971892.87000000</valUSD>
        <pctVal>0.095437441010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMPO PLC</name>
        <lei>743700UF3RL386WIDA22</lei>
        <title>SAMPO PLC NPV A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000552500"/>
          <ticker value="SAMPO"/>
          <other otherDesc="SEDOL" value="BMXX645"/>
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        <balance>3733329.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>38793953.08000000</valUSD>
        <pctVal>0.619970198600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERLIN PROPERTIES SOCIMI SA</name>
        <lei>959800L8KD863DP30X04</lei>
        <title>MERLIN PROPERTIES SOCIMI SA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0105025003"/>
          <ticker value="MRL"/>
          <other otherDesc="SEDOL" value="BNGNB77"/>
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        <balance>1146404.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>20047420.43000000</valUSD>
        <pctVal>0.320379910750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MABUCHI MOTOR CO LTD</name>
        <lei>N/A</lei>
        <title>MABUCHI MOTOR CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3870000001"/>
          <ticker value="6592"/>
          <other otherDesc="SEDOL" value="6551030"/>
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        <balance>146600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1379722.21000000</valUSD>
        <pctVal>0.022049484124</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>KAO CORP</name>
        <lei>353800HM38HFCB8RGL63</lei>
        <title>KAO CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3205800000"/>
          <ticker value="4452"/>
          <other otherDesc="SEDOL" value="6483809"/>
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        <balance>174000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6484085.47000000</valUSD>
        <pctVal>0.103622844217</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>SINGAPORE TECHNOLOGIES ENGINEERING LTD</name>
        <lei>254900OEXGGWCR24DG90</lei>
        <title>SINGAPORE TECHNOLOGIES ENGINEERING LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1F60858221"/>
          <ticker value="STE"/>
          <other otherDesc="SEDOL" value="6043214"/>
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        <balance>2227500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>18876898.70000000</valUSD>
        <pctVal>0.301673681252</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>CENTRICA PLC</name>
        <lei>E26EDV109X6EEPBKVH76</lei>
        <title>CENTRICA PLC ORD GBP0.061728395</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B033F229"/>
          <ticker value="CNA"/>
          <other otherDesc="SEDOL" value="B033F22"/>
        </identifiers>
        <balance>1317130.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>3849831.87000000</valUSD>
        <pctVal>0.061524563482</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>HOEGH AUTOLINERS ASA</name>
        <lei>549300D7GNMPKTA4HD46</lei>
        <title>HOEGH AUTOLINERS ASA NOK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0011082075"/>
          <ticker value="HAUTO"/>
          <other otherDesc="SEDOL" value="BMFDP24"/>
        </identifiers>
        <balance>83254.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>1190665.11000000</valUSD>
        <pctVal>0.019028142947</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>ASX 24</name>
        <lei>549300SDXT36XYPVWI79</lei>
        <title>ASX SPI 200 Index Futures</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="APM6"/>
          <other otherDesc="FIGI" value="BBG01RBHJ5P0"/>
        </identifiers>
        <balance>57.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>-297277.43000000</valUSD>
        <pctVal>-0.00475082152</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ASX 24</counterpartyName>
              <counterpartyLei>549300SDXT36XYPVWI79</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>STANDARD AND POOR'S</issuerName>
                <issueTitle>S&amp;P/ASX 200</issueTitle>
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                  <cusip value="000000000"/>
                  <ticker value="AS51"/>
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                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-19</expDate>
            <notionalAmt>9190030.03000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-297277.43000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHELL PLC</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>SHELL PLC ORD EUR0.07</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BP6MXD84"/>
          <ticker value="SHELL"/>
          <other otherDesc="SEDOL" value="BP6MXT4"/>
        </identifiers>
        <balance>625569.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>28244906.34000000</valUSD>
        <pctVal>0.451384785586</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>BP PLC</name>
        <lei>213800LH1BZH3DI6G760</lei>
        <title>BP PLC SPONSORED ADR</title>
        <cusip>055622104</cusip>
        <identifiers>
          <isin value="US0556221044"/>
          <ticker value="BP"/>
        </identifiers>
        <balance>915017.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43353505.46000000</valUSD>
        <pctVal>0.692836879361</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>SBM OFFSHORE NV</name>
        <lei>549300RDGCRYZ5QE6513</lei>
        <title>SBM OFFSHORE NV EUR0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000360618"/>
          <ticker value="SBMO"/>
          <other otherDesc="SEDOL" value="B156T57"/>
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        <balance>313991.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>13432991.30000000</valUSD>
        <pctVal>0.214674030947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DSV A/S</name>
        <lei>529900X41C0BSLK67H70</lei>
        <title>DSV A/S DKK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0060079531"/>
          <ticker value="DSV"/>
          <other otherDesc="SEDOL" value="B1WT5G2"/>
        </identifiers>
        <balance>23054.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>5669896.17000000</valUSD>
        <pctVal>0.090611200341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMMERZBANK AG</name>
        <lei>851WYGNLUQLFZBSYGB56</lei>
        <title>COMMERZBANK AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000CBK1001"/>
          <ticker value="CBK"/>
          <other otherDesc="SEDOL" value="B90LKT4"/>
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        <balance>195986.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>8100871.98000000</valUSD>
        <pctVal>0.129460877573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOLIDEN AB</name>
        <lei>21380059QU7IM1ONDJ56</lei>
        <title>BOLIDEN AB NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0020050417"/>
          <ticker value="BOL"/>
          <other otherDesc="SEDOL" value="BPYTZ57"/>
        </identifiers>
        <balance>277384.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>14580795.24000000</valUSD>
        <pctVal>0.233017205079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="9365277.01000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON SANSO HOLDINGS CORP</name>
        <lei>353800F1K6653B4VPY57</lei>
        <title>NIPPON SANSO HOLDINGS CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3711600001"/>
          <ticker value="4091"/>
          <other otherDesc="SEDOL" value="6640541"/>
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        <balance>104500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3684196.55000000</valUSD>
        <pctVal>0.058877528208</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>HOYA CORP</name>
        <lei>353800X4VR3BHEUCJB42</lei>
        <title>HOYA CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3837800006"/>
          <ticker value="7741"/>
          <other otherDesc="SEDOL" value="6441506"/>
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        <balance>208800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>38992105.75000000</valUSD>
        <pctVal>0.623136897026</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>IMPERIAL BRANDS PLC</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>IMPERIAL BRANDS PLC GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0004544929"/>
          <ticker value="IMB"/>
          <other otherDesc="SEDOL" value="0454492"/>
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        <balance>1251066.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>47531393.41000000</valUSD>
        <pctVal>0.759604141175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WESTPAC BANKING CORP</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>WESTPAC BANKING CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000WBC1"/>
          <ticker value="WBC"/>
          <other otherDesc="SEDOL" value="6076146"/>
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        <balance>1378786.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>38573839.95000000</valUSD>
        <pctVal>0.616452547778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASMPT LTD</name>
        <lei>529900PYFA1HFYKPT360</lei>
        <title>ASMPT LTD HKD0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG0535Q1331"/>
          <ticker value="522"/>
          <other otherDesc="SEDOL" value="6002453"/>
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        <balance>202700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>4246041.36000000</valUSD>
        <pctVal>0.067856428546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KEPPEL REIT LTD</name>
        <lei>549300ZD5HZLQCF55J25</lei>
        <title>KEPPEL REIT LTD NPV (REIT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1T22929874"/>
          <ticker value="KREIT"/>
          <other otherDesc="SEDOL" value="B12RQH4"/>
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        <balance>128944.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>90785.06000000</valUSD>
        <pctVal>0.001450845485</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>
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      </invstOrSec>
      <invstOrSec>
        <name>EVOLUTION MINING LTD</name>
        <lei>254900BCFW5QO5LW8F27</lei>
        <title>EVOLUTION MINING LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000EVN4"/>
          <ticker value="EVN"/>
          <other otherDesc="SEDOL" value="B3X0F91"/>
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        <balance>1932051.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>17081551.68000000</valUSD>
        <pctVal>0.272982053816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PLUS500 LTD</name>
        <lei>549300X8NGW9C5OJZU13</lei>
        <title>PLUS500 LTD ORD ILS0.01 (DI)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011284465"/>
          <ticker value="PLUS"/>
          <other otherDesc="SEDOL" value="BBT3PS9"/>
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        <balance>37715.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>2290948.89000000</valUSD>
        <pctVal>0.036611892461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO MITSUI FINANCIAL GROUP INC</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMITOMO MITSUI FINANCIAL GROUP INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3890350006"/>
          <ticker value="8316"/>
          <other otherDesc="SEDOL" value="6563024"/>
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        <balance>1040300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>36732008.99000000</valUSD>
        <pctVal>0.587018055663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASTRAZENECA PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>ASTRAZENECA PLC ORD USD0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0009895292"/>
          <ticker value="AZN"/>
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        <balance>417924.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>78306419.88000000</valUSD>
        <pctVal>1.251423039682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARTNERS GROUP HOLDING AG</name>
        <lei>549300I3IVVWZWDHI788</lei>
        <title>PARTNERS GROUP HOLDING AG CHF0.01 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0024608827"/>
          <ticker value="PGHN"/>
          <other otherDesc="SEDOL" value="B119QG0"/>
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        <balance>16986.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>18467233.22000000</valUSD>
        <pctVal>0.295126774613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AEDIFICA SA</name>
        <lei>529900DTKNXL0AXQFN28</lei>
        <title>AEDIFICA SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003851681"/>
          <ticker value="AED"/>
          <other otherDesc="SEDOL" value="B1G5XP1"/>
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        <balance>65697.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>5538352.12000000</valUSD>
        <pctVal>0.088508981198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIB GROUP PLC</name>
        <lei>635400AKJBGNS5WNQL34</lei>
        <title>AIB GROUP PLC ORD EUR0.625</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00BF0L3536"/>
          <ticker value="AIBG"/>
          <other otherDesc="SEDOL" value="BF0L353"/>
        </identifiers>
        <balance>1273206.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>14675690.98000000</valUSD>
        <pctVal>0.234533743769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AZIMUT HOLDING SPA</name>
        <lei>81560025690EF8540635</lei>
        <title>AZIMUT HOLDING SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0003261697"/>
          <ticker value="AZM"/>
          <other otherDesc="SEDOL" value="B019M65"/>
        </identifiers>
        <balance>49423.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>2098746.96000000</valUSD>
        <pctVal>0.033540293429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERCONTINENTAL HOTELS GROUP PLC</name>
        <lei>2138007ZFQYRUSLU3J98</lei>
        <title>INTERCONTINENTAL HOTELS GROUP PLC ORD GBP0.208521303</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BHJYC057"/>
          <ticker value="IHG"/>
          <other otherDesc="SEDOL" value="BHJYC05"/>
        </identifiers>
        <balance>156679.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22402146.73000000</valUSD>
        <pctVal>0.358011036633</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>KLEPIERRE SA</name>
        <lei>969500PB4U31KEFHZ621</lei>
        <title>KLEPIERRE SA EUR1.40</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000121964"/>
          <ticker value="LI"/>
          <other otherDesc="SEDOL" value="7582556"/>
        </identifiers>
        <balance>236826.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>9595309.84000000</valUSD>
        <pctVal>0.153343644430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF IRELAND GROUP PLC</name>
        <lei>635400C8EK6DRI12LJ39</lei>
        <title>BANK OF IRELAND GROUP PLC ORD EUR1.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00BD1RP616"/>
          <ticker value="BIRG"/>
          <other otherDesc="SEDOL" value="BD1RP61"/>
        </identifiers>
        <balance>224466.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>4421401.30000000</valUSD>
        <pctVal>0.070658873984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINGAPORE EXCHANGE LTD</name>
        <lei>549300IQ650PPXM76X03</lei>
        <title>SINGAPORE EXCHANGE LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1J26887955"/>
          <ticker value="SGX"/>
          <other otherDesc="SEDOL" value="6303866"/>
        </identifiers>
        <balance>176000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>3009379.59000000</valUSD>
        <pctVal>0.048093208192</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>NORDEA BANK ABP</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>NORDEA BANK ABP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI4000297767"/>
          <ticker value="NDA"/>
          <other otherDesc="SEDOL" value="BFM0SV9"/>
        </identifiers>
        <balance>2458559.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>46232980.36000000</valUSD>
        <pctVal>0.738854067193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VAULT MINERALS LTD</name>
        <lei>5299008TF8KHQ8CIQG34</lei>
        <title>VAULT MINERALS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU0000355588"/>
          <ticker value="VAU"/>
          <other otherDesc="SEDOL" value="BSML1B4"/>
        </identifiers>
        <balance>569243.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>1899142.20000000</valUSD>
        <pctVal>0.030350389002</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>EIFFAGE SA</name>
        <lei>969500OQXKE5WDM9M994</lei>
        <title>EIFFAGE SA EUR4</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000130452"/>
          <ticker value="FGR"/>
          <other otherDesc="SEDOL" value="B13X013"/>
        </identifiers>
        <balance>18792.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>3029808.59000000</valUSD>
        <pctVal>0.048419686165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENKEL AG &amp; CO. KGAA</name>
        <lei>549300VZCL1HTH4O4Y49</lei>
        <title>HENKEL AG &amp; CO. KGAA NON-VTG PRF NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006048432"/>
          <ticker value="HEN3"/>
          <other otherDesc="SEDOL" value="5076705"/>
        </identifiers>
        <balance>221147.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>16092453.63000000</valUSD>
        <pctVal>0.257175175017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INVESTOR AB</name>
        <lei>549300VEBQPHRZBKUX38</lei>
        <title>INVESTOR AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0015811963"/>
          <ticker value="INVEB"/>
          <other otherDesc="SEDOL" value="BMV7PQ4"/>
        </identifiers>
        <balance>296163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>12019947.65000000</valUSD>
        <pctVal>0.192092033425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NINTENDO COMPANY LTD</name>
        <lei>353800FEEXU6I9M0ZF27</lei>
        <title>NINTENDO COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3756600007"/>
          <ticker value="7974"/>
          <other otherDesc="SEDOL" value="6639550"/>
        </identifiers>
        <balance>101500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4965267.69000000</valUSD>
        <pctVal>0.079350459323</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>PRYSMIAN SPA</name>
        <lei>529900X0H1IO3RS1A464</lei>
        <title>PRYSMIAN SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0004176001"/>
          <ticker value="PRY"/>
          <other otherDesc="SEDOL" value="B1W4V69"/>
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        <balance>233298.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>35486809.11000000</valUSD>
        <pctVal>0.567118386884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAFRAN SA</name>
        <lei>969500UIC89GT3UL7L24</lei>
        <title>SAFRAN SA EUR0.20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000073272"/>
          <ticker value="SAF"/>
          <other otherDesc="SEDOL" value="B058TZ6"/>
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        <balance>188607.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>60564180.23000000</valUSD>
        <pctVal>0.967882462708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPAN TOBACCO INC</name>
        <lei>353800Z0ENYBQO0XRJ31</lei>
        <title>JAPAN TOBACCO INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3726800000"/>
          <ticker value="2914"/>
          <other otherDesc="SEDOL" value="6474535"/>
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        <balance>2070600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>77139656.87000000</valUSD>
        <pctVal>1.232776878680</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>USS COMPANY LTD</name>
        <lei>5299000RRQD6UZXG4W72</lei>
        <title>USS COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3944130008"/>
          <ticker value="4732"/>
          <other otherDesc="SEDOL" value="6171494"/>
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        <balance>123900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1341448.69000000</valUSD>
        <pctVal>0.021437831020</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>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC ORD GBP0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0031348658"/>
          <ticker value="BARC"/>
          <other otherDesc="SEDOL" value="3134865"/>
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        <balance>2458776.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>14452502.44000000</valUSD>
        <pctVal>0.230966944500</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>FUJIKURA LTD</name>
        <lei>353800PSDZ8VRCKVPL51</lei>
        <title>FUJIKURA LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3811000003"/>
          <ticker value="5803"/>
          <other otherDesc="SEDOL" value="6356707"/>
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        <balance>598500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>23091925.34000000</valUSD>
        <pctVal>0.369034460334</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>AUMOVIO SE</name>
        <lei>391200IGI9RQ7VTOK384</lei>
        <title>AUMOVIO SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000AUM0V10"/>
          <ticker value="AMV0"/>
          <other otherDesc="SEDOL" value="BMYPLM3"/>
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        <balance>119974.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>5188760.53000000</valUSD>
        <pctVal>0.082922121641</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>FISHER &amp; PAYKEL HEALTHCARE CORP LTD</name>
        <lei>N/A</lei>
        <title>FISHER &amp; PAYKEL HEALTHCARE CORP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NZFAPE0001S2"/>
          <ticker value="FPH"/>
          <other otherDesc="SEDOL" value="6340250"/>
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        <balance>152079.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69276350"/>
        <valUSD>3277343.74000000</valUSD>
        <pctVal>0.052375571140</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>DCC PLC</name>
        <lei>213800UPS1QEE4TD3T45</lei>
        <title>DCC PLC ORD EUR0.25 (CDI)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE0002424939"/>
          <ticker value="DCC"/>
          <other otherDesc="SEDOL" value="0242493"/>
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        <balance>36602.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>2758808.96000000</valUSD>
        <pctVal>0.044088812895</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAWASAKI KISEN KAISHA LTD</name>
        <lei>353800FL04R73DS5P870</lei>
        <title>KAWASAKI KISEN KAISHA LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3223800008"/>
          <ticker value="9107"/>
          <other otherDesc="SEDOL" value="6484686"/>
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        <balance>737500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.192914883050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KONINKLIJKE BAM GROEP NV</name>
        <lei>724500V38C5KTDY5BS93</lei>
        <title>KONINKLIJKE BAM GROEP NV EUR0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0000337319"/>
          <ticker value="BAMNB"/>
          <other otherDesc="SEDOL" value="B12W5Y9"/>
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        <balance>82146.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>903577.08000000</valUSD>
        <pctVal>0.014440159284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MITSUI FUDOSAN COMPANY LTD</name>
        <lei>353800ND4ZKNZDYKMF33</lei>
        <title>MITSUI FUDOSAN COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3893200000"/>
          <ticker value="8801"/>
          <other otherDesc="SEDOL" value="6597603"/>
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        <balance>740100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8105598.28000000</valUSD>
        <pctVal>0.129536409065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANGLO AMERICAN PLC</name>
        <lei>549300S9XF92D1X8ME43</lei>
        <title>ANGLO AMERICAN PLC ORD USD0.623855311355311</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BTK05J60"/>
          <ticker value="AAL"/>
          <other otherDesc="SEDOL" value="BTK05J6"/>
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        <balance>358250.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>17728014.08000000</valUSD>
        <pctVal>0.283313236660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZURICH INSURANCE GROUP AG</name>
        <lei>529900QVNRBND50TXP03</lei>
        <title>ZURICH INSURANCE GROUP AG CHF0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0011075394"/>
          <ticker value="ZURN"/>
          <other otherDesc="SEDOL" value="5983816"/>
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        <balance>19177.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>13370593.56000000</valUSD>
        <pctVal>0.213676846175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NISHI-NIPPON FINANCIAL HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>NISHI-NIPPON FINANCIAL HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3658850007"/>
          <ticker value="7189"/>
          <other otherDesc="SEDOL" value="BD57ZM3"/>
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        <balance>107400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.043096569640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YAMAGUCHI FINANCIAL GROUP INC</name>
        <lei>353800898JPV95YSY548</lei>
        <title>YAMAGUCHI FINANCIAL GROUP INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3935300008"/>
          <ticker value="8418"/>
          <other otherDesc="SEDOL" value="B1DGKS9"/>
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        <balance>77100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.021171884355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VINCI SA</name>
        <lei>213800WFQ334R8UXUG83</lei>
        <title>VINCI SA EUR2.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000125486"/>
          <ticker value="DG"/>
          <other otherDesc="SEDOL" value="B1XH026"/>
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        <balance>194418.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>29400380.03000000</valUSD>
        <pctVal>0.469850530791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCO COMERCIAL PORTUGUES SA</name>
        <lei>JU1U6S0DG9YLT7N8ZV32</lei>
        <title>BANCO COMERCIAL PORTUGUES SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PTBCP0AM0015"/>
          <ticker value="BCP"/>
          <other otherDesc="SEDOL" value="BZCNN35"/>
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        <balance>14286106.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>15270172.34000000</valUSD>
        <pctVal>0.244034212207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITSUBISHI ELECTRIC CORP</name>
        <lei>549300TRXM9Y6561AX39</lei>
        <title>MITSUBISHI ELECTRIC CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3902400005"/>
          <ticker value="6503"/>
          <other otherDesc="SEDOL" value="6597045"/>
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        <balance>197900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7941923.16000000</valUSD>
        <pctVal>0.126920699950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NOVO NORDISK A/S</name>
        <lei>549300DAQ1CVT6CXN342</lei>
        <title>NOVO NORDISK A/S SER'B'DKK0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0062498333"/>
          <ticker value="NOVOB"/>
          <other otherDesc="SEDOL" value="BP6KMJ1"/>
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        <balance>94839.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>4034068.20000000</valUSD>
        <pctVal>0.064468863432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REPLY SPA</name>
        <lei>815600DAEFB0388F3521</lei>
        <title>REPLY SPA EUR0.13(POST SUBD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005282865"/>
          <ticker value="REY"/>
          <other otherDesc="SEDOL" value="BZ1DZ96"/>
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        <balance>12504.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>1386373.50000000</valUSD>
        <pctVal>0.022155779081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANOFI SA</name>
        <lei>549300E9PC51EN656011</lei>
        <title>SANOFI SA EUR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000120578"/>
          <ticker value="SAN"/>
          <other otherDesc="SEDOL" value="5671735"/>
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        <balance>891197.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>83395150.24000000</valUSD>
        <pctVal>1.332746568775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VODAFONE GROUP PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GROUP PLC SPONSORED ADR</title>
        <cusip>92857W308</cusip>
        <identifiers>
          <isin value="US92857W3088"/>
          <ticker value="VOD"/>
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        <balance>1046649.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16537054.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SIEMENS AG</name>
        <lei>W38RGI023J3WT1HWRP32</lei>
        <title>SIEMENS AG NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007236101"/>
          <ticker value="SIE"/>
          <other otherDesc="SEDOL" value="5727973"/>
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        <balance>222153.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAWAG GROUP AG</name>
        <lei>529900S9YO2JHTIIDG38</lei>
        <title>BAWAG GROUP AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000BAWAG2"/>
          <ticker value="BG"/>
          <other otherDesc="SEDOL" value="BZ1GZ06"/>
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        <balance>120945.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OSAKA GAS CO LTD (OSAKA GAS KABUSHIKI KAISHA)</name>
        <lei>353800024KMNOPQRWZ02</lei>
        <title>OSAKA GAS CO LTD (OSAKA GAS KABUSHIKI KAISHA) NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3180400008"/>
          <ticker value="9532"/>
          <other otherDesc="SEDOL" value="6661768"/>
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        <balance>140700.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LANCASHIRE HOLDINGS LTD</name>
        <lei>5493002UNUYXLHOWF752</lei>
        <title>LANCASHIRE HOLDINGS LTD COM SHS USD0.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5361W1047"/>
          <ticker value="LRE"/>
          <other otherDesc="SEDOL" value="B0PYHC7"/>
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        <balance>100557.00000000</balance>
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        <pctVal>0.012551910183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TELE2 AB</name>
        <lei>213800EKD193RVI9HL76</lei>
        <title>TELE2 AB SER'B'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0005190238"/>
          <ticker value="TEL2B"/>
          <other otherDesc="SEDOL" value="B97C733"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BURCKHARDT COMPRESSION HOLDING AG</name>
        <lei>5067004N56DLX7GY3E95</lei>
        <title>BURCKHARDT COMPRESSION HOLDING AG CHF2.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0025536027"/>
          <ticker value="BCHN"/>
          <other otherDesc="SEDOL" value="B176416"/>
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        <balance>1034.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PIRELLI &amp; C. SPA</name>
        <lei>815600A0C9AFC1F2A709</lei>
        <title>PIRELLI &amp; C. SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0005278236"/>
          <ticker value="PIRC"/>
          <other otherDesc="SEDOL" value="BZ5ZHK3"/>
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        <balance>280961.00000000</balance>
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        <valUSD>1932511.13000000</valUSD>
        <pctVal>0.030883661342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TOTALENERGIES SE</name>
        <lei>529900S21EQ1BO4ESM68</lei>
        <title>TOTALENERGIES SE EUR2.5</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000120271"/>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MACQUARIE GROUP LTD</name>
        <lei>ACMHD8HWFMFUIQQ8Y590</lei>
        <title>MACQUARIE GROUP LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000MQG1"/>
          <ticker value="MQG"/>
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        <pctVal>0.351999814202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>COMPASS GROUP PLC</name>
        <lei>2138008M6MH9OZ6U2T68</lei>
        <title>COMPASS GROUP PLC ORD GBP0.1105</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BD6K4575"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TOSOH CORP</name>
        <lei>529900YSLFVJF2MDBX02</lei>
        <title>TOSOH CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3595200001"/>
          <ticker value="4042"/>
          <other otherDesc="SEDOL" value="6900289"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UCB SA</name>
        <lei>2138008J191VLSGY5A09</lei>
        <title>UCB SA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BE0003739530"/>
          <ticker value="UCB"/>
          <other otherDesc="SEDOL" value="5596991"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CARNIVAL PLC</name>
        <lei>4DR1VPDQMHD3N3QW8W95</lei>
        <title>CARNIVAL PLC ADS</title>
        <cusip>14365C103</cusip>
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          <isin value="US14365C1036"/>
          <ticker value="CUK"/>
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        <balance>348998.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9230997.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RICOH COMPANY LTD</name>
        <lei>549300HFIB2GRUMDID72</lei>
        <title>RICOH COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3973400009"/>
          <ticker value="7752"/>
          <other otherDesc="SEDOL" value="6738220"/>
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        <balance>511800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NN GROUP NV</name>
        <lei>724500OHYNDT9OY6Q215</lei>
        <title>NN GROUP NV EUR0.12</title>
        <cusip>000000000</cusip>
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          <isin value="NL0010773842"/>
          <ticker value="NN"/>
          <other otherDesc="SEDOL" value="BNG8PQ9"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TDK CORP</name>
        <lei>3538005O8WNU39U8NX03</lei>
        <title>TDK CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3538800008"/>
          <ticker value="6762"/>
          <other otherDesc="SEDOL" value="6869302"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANCO BILBAO VIZCAYA ARGENTARIA SA</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>BANCO BILBAO VIZCAYA ARGENTARIA SA EUR0.49</title>
        <cusip>000000000</cusip>
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          <isin value="ES0113211835"/>
          <ticker value="BBVA"/>
          <other otherDesc="SEDOL" value="5501906"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <pctVal>0.075762674947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AURIZON HOLDINGS LTD</name>
        <lei>5299005PC1O6NOWL3H48</lei>
        <title>AURIZON HOLDINGS LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000AZJ1"/>
          <ticker value="AZJ"/>
          <other otherDesc="SEDOL" value="B87CVM3"/>
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        <balance>1936644.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.093499724639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JAPAN EXCHANGE GROUP INC</name>
        <lei>353800578ADEGIJTVW07</lei>
        <title>JAPAN EXCHANGE GROUP INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3183200009"/>
          <ticker value="8697"/>
          <other otherDesc="SEDOL" value="6743882"/>
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        <balance>638800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AVIVA PLC</name>
        <lei>YF0Y5B0IB8SM0ZFG9G81</lei>
        <title>AVIVA PLC ORD GBP0.328947368</title>
        <cusip>000000000</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAIXABANK SA</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
        <title>CAIXABANK SA EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="ES0140609019"/>
          <ticker value="CABK"/>
          <other otherDesc="SEDOL" value="B283W97"/>
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        <balance>156752.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TELSTRA GROUP LTD</name>
        <lei>894500WRW54CVN62K416</lei>
        <title>TELSTRA GROUP LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000TLS2"/>
          <ticker value="TLS"/>
          <other otherDesc="SEDOL" value="6087289"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COMPAGNIE DE SAINT-GOBAIN SA</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
        <title>COMPAGNIE DE SAINT-GOBAIN SA EUR4</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000125007"/>
          <ticker value="SGO"/>
          <other otherDesc="SEDOL" value="7380482"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALLIANZ SE</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>ALLIANZ SE NPV(REGD)(VINKULIERT)</title>
        <cusip>000000000</cusip>
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          <isin value="DE0008404005"/>
          <ticker value="ALV"/>
          <other otherDesc="SEDOL" value="5231485"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NORDEX SE</name>
        <lei>529900HVDYCUWVD0OE76</lei>
        <title>NORDEX SE NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A0D6554"/>
          <ticker value="NDX1"/>
          <other otherDesc="SEDOL" value="B06CF71"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>COSMO ENERGY HOLDINGS CO LTD</name>
        <lei>353800Y4GZ7KR5X7L150</lei>
        <title>COSMO ENERGY HOLDINGS CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3298000005"/>
          <ticker value="5021"/>
          <other otherDesc="SEDOL" value="BYSJJ43"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>PAN AFRICAN RESOURCES PLC</name>
        <lei>213800EAXURCXMX6RL85</lei>
        <title>PAN AFRICAN RESOURCES PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <ticker value="PAF"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NESTLE' CAPITAL MARKETS SA</name>
        <lei>549300PZN3NFSOUXLC42</lei>
        <title>NESTLE' CAPITAL MARKETS SA CHF0.10 (REGD)</title>
        <cusip>000000000</cusip>
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          <ticker value="NESN"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CONVATEC GROUP PLC</name>
        <lei>213800LS272L4FIDOH92</lei>
        <title>CONVATEC GROUP PLC ORD GBP0.1</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BD3VFW73"/>
          <ticker value="CTEC"/>
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        <balance>1221289.00000000</balance>
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        <pctVal>0.055972982853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COCA-COLA HBC AG</name>
        <lei>549300EFP3TNG7JGVE49</lei>
        <title>COCA-COLA HBC AG ORD CHF6.70(CDI)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0198251305"/>
          <ticker value="CCH"/>
          <other otherDesc="SEDOL" value="B9895B7"/>
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        <balance>94249.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>5497451.69000000</valUSD>
        <pctVal>0.087855347172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEXANS SA</name>
        <lei>96950015FU78G84UIV14</lei>
        <title>NEXANS SA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000044448"/>
          <ticker value="NEX"/>
          <other otherDesc="SEDOL" value="7130836"/>
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        <balance>30589.00000000</balance>
        <units>NS</units>
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        <pctVal>0.091245093068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENAGAS SA</name>
        <lei>213800OU3FQKGM4M2U23</lei>
        <title>ENAGAS SA EUR1.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0130960018"/>
          <ticker value="ENG"/>
          <other otherDesc="SEDOL" value="7383072"/>
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        <balance>129955.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <pctVal>0.041558814597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ITV PLC</name>
        <lei>ZLECI7ED2QMWFGYCXZ59</lei>
        <title>ITV PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0033986497"/>
          <ticker value="ITV"/>
          <other otherDesc="SEDOL" value="3398649"/>
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        <balance>1189802.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BILFINGER SE</name>
        <lei>529900H0HULEN2BZ4604</lei>
        <title>BILFINGER SE NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0005909006"/>
          <ticker value="GBF"/>
          <other otherDesc="SEDOL" value="5117381"/>
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        <balance>26083.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FINECOBANK BANCA FINECO SPA</name>
        <lei>549300L7YCATGO57ZE10</lei>
        <title>FINECOBANK BANCA FINECO SPA EUR0.33</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0000072170"/>
          <ticker value="FBK"/>
          <other otherDesc="SEDOL" value="BNGN9Z1"/>
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        <balance>1219180.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ORIGIN ENERGY LTD</name>
        <lei>ZSN2LWNPYW6ISMRUC664</lei>
        <title>ORIGIN ENERGY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ORG5"/>
          <ticker value="ORG"/>
          <other otherDesc="SEDOL" value="6214861"/>
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        <balance>1175897.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.164320449492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OBAYASHI CORP</name>
        <lei>529900YT4O5S0LCXWD54</lei>
        <title>OBAYASHI CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3190000004"/>
          <ticker value="1802"/>
          <other otherDesc="SEDOL" value="6656407"/>
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        <balance>528000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>12413639.69000000</valUSD>
        <pctVal>0.198383666858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ITOCHU CORP</name>
        <lei>J48DJYXDTLHM30UMYI18</lei>
        <title>ITOCHU CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3143600009"/>
          <ticker value="8001"/>
          <other otherDesc="SEDOL" value="6467803"/>
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        <balance>551600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THALES SA</name>
        <lei>529900FNDVTQJOVVPZ19</lei>
        <title>THALES SA EUR3</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000121329"/>
          <ticker value="HO"/>
          <other otherDesc="SEDOL" value="4162791"/>
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        <balance>148927.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <pctVal>0.653880560382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DIASORIN SPA</name>
        <lei>8156002878BDF0EE4348</lei>
        <title>DIASORIN SPA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0003492391"/>
          <ticker value="DIA"/>
          <other otherDesc="SEDOL" value="B234WN9"/>
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        <balance>160756.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOYOTA TSUSHO CORP</name>
        <lei>549300CEE2ENIUJNXB84</lei>
        <title>TOYOTA TSUSHO CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3635000007"/>
          <ticker value="8015"/>
          <other otherDesc="SEDOL" value="6900580"/>
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        <balance>77500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EUROFINS SCIENTIFIC SE</name>
        <lei>529900JEHFM47DYY3S57</lei>
        <title>EUROFINS SCIENTIFIC SE EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0014000MR3"/>
          <ticker value="ERF"/>
          <other otherDesc="SEDOL" value="BNDPYV1"/>
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        <balance>139895.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UBE CORP</name>
        <lei>529900XMRZ2VNF3ZPS69</lei>
        <title>UBE CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3158800007"/>
          <ticker value="4208"/>
          <other otherDesc="SEDOL" value="6910705"/>
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        <balance>99400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TAKEDA PHARMACEUTICAL COMPANY LTD</name>
        <lei>549300ZLMVP4X0OGR454</lei>
        <title>TAKEDA PHARMACEUTICAL COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3463000004"/>
          <ticker value="4502"/>
          <other otherDesc="SEDOL" value="6870445"/>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SINGAPORE TELECOMMUNICATIONS LTD</name>
        <lei>2549003XJKIQO8YDYD89</lei>
        <title>SINGAPORE TELECOMMUNICATIONS LTD NPV(BOARD LOT 100)</title>
        <cusip>000000000</cusip>
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          <isin value="SG1T75931496"/>
          <ticker value="ST"/>
          <other otherDesc="SEDOL" value="B02PY11"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CK HUTCHISON HOLDINGS LTD</name>
        <lei>254900Z8HM1VEPOQ2G79</lei>
        <title>CK HUTCHISON HOLDINGS LTD HKD1</title>
        <cusip>000000000</cusip>
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          <isin value="KYG217651051"/>
          <ticker value="1"/>
          <other otherDesc="SEDOL" value="BW9P816"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TSUGAMI CORP</name>
        <lei>N/A</lei>
        <title>TSUGAMI CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3531800005"/>
          <ticker value="6101"/>
          <other otherDesc="SEDOL" value="6906760"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MITSUBISHI HEAVY INDUSTRIES LTD</name>
        <lei>353800TJ98PCAZROVE69</lei>
        <title>MITSUBISHI HEAVY INDUSTRIES LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3900000005"/>
          <ticker value="7011"/>
          <other otherDesc="SEDOL" value="6597067"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LLOYDS BANKING GROUP PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>LLOYDS BANKING GROUP PLC ORD GBP0.1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0008706128"/>
          <ticker value="LLOY"/>
          <other otherDesc="SEDOL" value="0870612"/>
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        <balance>40453661.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>QIAGEN NV</name>
        <lei>54930036WK3GMCN17Z57</lei>
        <title>QIAGEN NV ORD SHARES</title>
        <cusip>000000000</cusip>
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          <isin value="NL0015002SN0"/>
          <ticker value="QIA"/>
          <other otherDesc="SEDOL" value="BV6JKC9"/>
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        <balance>60647.00000000</balance>
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        <valUSD>2068765.65000000</valUSD>
        <pctVal>0.033061158996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RHEINMETALL AG</name>
        <lei>5299001OU9CSE29O6S05</lei>
        <title>RHEINMETALL AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007030009"/>
          <ticker value="RHM"/>
          <other otherDesc="SEDOL" value="5334588"/>
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        <balance>8692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>13862108.14000000</valUSD>
        <pctVal>0.221531791793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ULVAC INC</name>
        <lei>N/A</lei>
        <title>ULVAC INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3126190002"/>
          <ticker value="6728"/>
          <other otherDesc="SEDOL" value="6599483"/>
        </identifiers>
        <balance>95900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6039061.96000000</valUSD>
        <pctVal>0.096510877223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO CHEMICAL COMPANY LTD</name>
        <lei>353800RSAU9BD8U4DM91</lei>
        <title>SUMITOMO CHEMICAL COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3401400001"/>
          <ticker value="4005"/>
          <other otherDesc="SEDOL" value="6858560"/>
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        <balance>1360700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4440080.81000000</valUSD>
        <pctVal>0.070957393176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YAMAICHI ELECTRONICS CO LTD</name>
        <lei>N/A</lei>
        <title>YAMAICHI ELECTRONICS CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3934200001"/>
          <ticker value="6941"/>
          <other otherDesc="SEDOL" value="6985673"/>
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        <balance>71800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4790519.83000000</valUSD>
        <pctVal>0.076557795599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OMV AG</name>
        <lei>549300V62YJ9HTLRI486</lei>
        <title>OMV AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AT0000743059"/>
          <ticker value="OMV"/>
          <other otherDesc="SEDOL" value="4651459"/>
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        <balance>59024.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>4166517.54000000</valUSD>
        <pctVal>0.066585550109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SKANDINAVISKA ENSKILDA BANKEN AB</name>
        <lei>F3JS33DEI6XQ4ZBPTN86</lei>
        <title>SKANDINAVISKA ENSKILDA BANKEN AB SER'A'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0000148884"/>
          <ticker value="SEBA"/>
          <other otherDesc="SEDOL" value="4813345"/>
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        <balance>380129.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>7523581.93000000</valUSD>
        <pctVal>0.120235145248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EVONIK INDUSTRIES AG</name>
        <lei>41GUOJQTALQHLF39XJ34</lei>
        <title>EVONIK INDUSTRIES AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000EVNK013"/>
          <ticker value="EVK"/>
          <other otherDesc="SEDOL" value="B5ZQ9D3"/>
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        <balance>244968.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>5066728.72000000</valUSD>
        <pctVal>0.080971918595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OSAKA SECURITIES EXCHANGE</name>
        <lei>3538001249AILNPRUX57</lei>
        <title>TOPIX TRADE FUTURE, JUN 2026</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="FUT_TPX_260611"/>
          <other otherDesc="FIGI" value="BBG01SV6FJR2"/>
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        <balance>127.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>-169614.60000000</valUSD>
        <pctVal>-0.00271062856</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>OSAKA SECURITIES EXCHANGE</counterpartyName>
              <counterpartyLei>3538001249AILNPRUX57</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>TOKYO STOCK EXCHANGE</issuerName>
                <issueTitle>TOKYO STOCK PRICE INDEX</issueTitle>
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                  <cusip value="000000000"/>
                  <ticker value="TPX"/>
                  <other otherDesc="INTERNAL" value="TPX_INDEX_JP"/>
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              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-06-12</expDate>
            <notionalAmt>30541560.58000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-169614.60000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMMONWEALTH BANK OF AUSTRALIA</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
        <title>COMMONWEALTH BANK OF AUSTRALIA ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CBA7"/>
          <ticker value="CBA"/>
          <other otherDesc="SEDOL" value="6215035"/>
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        <balance>250040.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>31494215.26000000</valUSD>
        <pctVal>0.503312329352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA</name>
        <lei>95980020140005558665</lei>
        <title>ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA EUR0.5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0167050915"/>
          <ticker value="ACS"/>
          <other otherDesc="SEDOL" value="B01FLQ6"/>
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        <balance>102214.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>14732608.57000000</valUSD>
        <pctVal>0.235443349694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD</name>
        <lei>254900Z3JEM14YIGLM66</lei>
        <title>YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD NPV (SGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1U76934819"/>
          <ticker value="YZJSGD"/>
          <other otherDesc="SEDOL" value="B1VT035"/>
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        <balance>705100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>2404718.40000000</valUSD>
        <pctVal>0.038430054832</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>
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      </invstOrSec>
      <invstOrSec>
        <name>SUNCORP GROUP LTD</name>
        <lei>549300BVOKRTHDIWVT46</lei>
        <title>SUNCORP GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SUN6"/>
          <ticker value="SUN"/>
          <other otherDesc="SEDOL" value="6585084"/>
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        <balance>426201.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.084760737748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SONOVA HOLDING AG</name>
        <lei>5299004A0QNX7FBNHS61</lei>
        <title>SONOVA HOLDING AG CHF0.05 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0012549785"/>
          <ticker value="SOON"/>
          <other otherDesc="SEDOL" value="7156036"/>
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        <balance>125821.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
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        <pctVal>0.440774740308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RWE AG</name>
        <lei>529900GB7KCA94ACC940</lei>
        <title>RWE AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007037129"/>
          <ticker value="RWE"/>
          <other otherDesc="SEDOL" value="4768962"/>
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        <balance>446021.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <pctVal>0.519001845002</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TOKYO SEIMITSU CO LTD</name>
        <lei>N/A</lei>
        <title>TOKYO SEIMITSU CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3580200008"/>
          <ticker value="7729"/>
          <other otherDesc="SEDOL" value="6894304"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DAITO TRUST CONSTRUCTION CO LTD</name>
        <lei>353800QQ4DRI3KXS3038</lei>
        <title>DAITO TRUST CONSTRUCTION CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3486800000"/>
          <ticker value="1878"/>
          <other otherDesc="SEDOL" value="6250508"/>
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        <balance>290300.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RINGKJOBING LANDBOBANK A/S</name>
        <lei>2138002M5U5K4OUMVV62</lei>
        <title>RINGKJOBING LANDBOBANK A/S DKK1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DK0060854669"/>
          <ticker value="RILBA"/>
          <other otherDesc="SEDOL" value="BF1KD82"/>
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        <balance>3465.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>865770.01000000</valUSD>
        <pctVal>0.013835960566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUMITOMO PHARMA CO LTD</name>
        <lei>529900D60UKVYLJ2OJ79</lei>
        <title>SUMITOMO PHARMA CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3495000006"/>
          <ticker value="4506"/>
          <other otherDesc="SEDOL" value="6250865"/>
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        <balance>52900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.009333116873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SWISS RE AG</name>
        <lei>529900PS9YW3YY29F326</lei>
        <title>SWISS RE AG USD0.12</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0126881561"/>
          <ticker value="SREN"/>
          <other otherDesc="SEDOL" value="B545MG5"/>
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        <balance>30800.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>4961533.59000000</valUSD>
        <pctVal>0.079290784283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KINGFISHER PLC</name>
        <lei>213800KBMEV7I92FY281</lei>
        <title>KINGFISHER PLC ORD GBP0.157142857</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0033195214"/>
          <ticker value="KGF"/>
          <other otherDesc="SEDOL" value="3319521"/>
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        <balance>1516442.00000000</balance>
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        <valUSD>5963121.21000000</valUSD>
        <pctVal>0.095297260199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAP SE</name>
        <lei>529900D6BF99LW9R2E68</lei>
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        <cusip>000000000</cusip>
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          <isin value="DE0007164600"/>
          <ticker value="SAP"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>E.ON SE</name>
        <lei>Q9MAIUP40P25UFBFG033</lei>
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          <isin value="DE000ENAG999"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COMPAGNIE FINANCIERE RICHEMONT SA</name>
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        <title>COMPAGNIE FINANCIERE RICHEMONT SA CHF1 (REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="CH0210483332"/>
          <ticker value="CFR"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KYUSHU ELECTRIC POWER COMPANY INC</name>
        <lei>549300BYNZPLKQVQH430</lei>
        <title>KYUSHU ELECTRIC POWER COMPANY INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3246400000"/>
          <ticker value="9508"/>
          <other otherDesc="SEDOL" value="6499806"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KUBOTA CORP</name>
        <lei>549300CSY4INHEHQQT13</lei>
        <title>KUBOTA CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3266400005"/>
          <ticker value="6326"/>
          <other otherDesc="SEDOL" value="6497509"/>
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        <balance>351000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITIKA LTD</name>
        <lei>529900V8B6Q6I4JGE052</lei>
        <title>UNITIKA LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3951200009"/>
          <ticker value="3103"/>
          <other otherDesc="SEDOL" value="6918301"/>
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        <pctVal>0.011890203463</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HISCOX LTD</name>
        <lei>5493007JXOLJ0QCY2D70</lei>
        <title>HISCOX LTD ORD GBP0.065 (DI)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG4593F1389"/>
          <ticker value="HSX"/>
          <other otherDesc="SEDOL" value="BVZHXQ9"/>
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        <balance>208965.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTERTEK GROUP PLC</name>
        <lei>2138003GAT25WW1RN369</lei>
        <title>INTERTEK GROUP PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0031638363"/>
          <ticker value="ITRK"/>
          <other otherDesc="SEDOL" value="3163836"/>
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        <pctVal>0.184943945939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTESA SANPAOLO SPA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>INTESA SANPAOLO SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0000072618"/>
          <ticker value="ISP"/>
          <other otherDesc="SEDOL" value="4076836"/>
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        <balance>766686.00000000</balance>
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        <pctVal>0.083246336691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LONDON STOCK EXCHANGE GROUP PLC</name>
        <lei>213800QAUUUP6I445N30</lei>
        <title>LONDON STOCK EXCHANGE GROUP PLC ORD GBP0.06918604</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B0SWJX34"/>
          <ticker value="LSEG"/>
          <other otherDesc="SEDOL" value="B0SWJX3"/>
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        <balance>67787.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GLENCORE PLC</name>
        <lei>2138002658CPO9NBH955</lei>
        <title>GLENCORE PLC ORD USD0.01</title>
        <cusip>000000000</cusip>
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          <isin value="JE00B4T3BW64"/>
          <ticker value="GLEN"/>
          <other otherDesc="SEDOL" value="B4T3BW6"/>
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        <balance>1025277.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KUEHNE &amp; NAGEL INTERNATIONAL AG</name>
        <lei>529900Q0YED3805QXQ66</lei>
        <title>KUEHNE &amp; NAGEL INTERNATIONAL AG CHF1 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0025238863"/>
          <ticker value="KNIN"/>
          <other otherDesc="SEDOL" value="B142S60"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOLARIA ENERGIA Y MEDIO AMBIENTE SA</name>
        <lei>959800PM2YJU406K2789</lei>
        <title>SOLARIA ENERGIA Y MEDIO AMBIENTE SA EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="ES0165386014"/>
          <ticker value="SLR"/>
          <other otherDesc="SEDOL" value="B1YVKJ4"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NTN CORP</name>
        <lei>3538008XP7ZG9BKBQX64</lei>
        <title>NTN CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3165600002"/>
          <ticker value="6472"/>
          <other otherDesc="SEDOL" value="6651189"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENEOS HOLDINGS INC</name>
        <lei>3538001KQ5SAOZSQTT44</lei>
        <title>ENEOS HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3386450005"/>
          <ticker value="5020"/>
          <other otherDesc="SEDOL" value="B627LW9"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KYOTO FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
        <title>KYOTO FINANCIAL GROUP INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3252200005"/>
          <ticker value="5844"/>
          <other otherDesc="SEDOL" value="BMV4NR2"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HITACHI CONSTRUCTION MACHINERY CO LTD</name>
        <lei>5493009B7C53PDH8W826</lei>
        <title>HITACHI CONSTRUCTION MACHINERY CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3787000003"/>
          <ticker value="6305"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>UNICAJA BANCO SA</name>
        <lei>5493007SJLLCTM6J6M37</lei>
        <title>UNICAJA BANCO SA EUR0.25</title>
        <cusip>000000000</cusip>
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          <isin value="ES0180907000"/>
          <ticker value="UNI"/>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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      <invstOrSec>
        <name>SIEMENS ENERGY AG</name>
        <lei>5299005CHJZ14D4FDJ62</lei>
        <title>SIEMENS ENERGY AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000ENER6Y0"/>
          <ticker value="ENR"/>
          <other otherDesc="SEDOL" value="BMTVQK9"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MTU AERO ENGINES AG</name>
        <lei>529900807L67JY81RD65</lei>
        <title>MTU AERO ENGINES AG NPV (REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A0D9PT0"/>
          <ticker value="MTX"/>
          <other otherDesc="SEDOL" value="B09DHL9"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALCON AG</name>
        <lei>549300LDT5AP8S0NBM78</lei>
        <title>ALCON AG CHF0.04</title>
        <cusip>000000000</cusip>
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          <isin value="CH0432492467"/>
          <ticker value="ALC"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GALDERMA GROUP AG</name>
        <lei>89450001OK6O8ELQ4584</lei>
        <title>GALDERMA GROUP AG CHF0.01</title>
        <cusip>000000000</cusip>
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          <isin value="CH1335392721"/>
          <ticker value="GALD"/>
          <other otherDesc="SEDOL" value="BRC2T72"/>
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        <balance>109988.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
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        <pctVal>0.368760136693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HANNOVER RUECK SE</name>
        <lei>529900KIN5BE45V5KB18</lei>
        <title>HANNOVER RUECK SE ORD NPV(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0008402215"/>
          <ticker value="HNR1"/>
          <other otherDesc="SEDOL" value="4511809"/>
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        <balance>44857.00000000</balance>
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        <pctVal>0.216602975609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FORTESCUE LTD</name>
        <lei>529900VEJFORCO6I4826</lei>
        <title>FORTESCUE LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000FMG4"/>
          <ticker value="FMG"/>
          <other otherDesc="SEDOL" value="6086253"/>
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        <balance>399922.00000000</balance>
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        <pctVal>0.092116769441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ANA HOLDINGS INC</name>
        <lei>5493008IRKIY0G3TE305</lei>
        <title>ANA HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3429800000"/>
          <ticker value="9202"/>
          <other otherDesc="SEDOL" value="6014908"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SGS SA</name>
        <lei>2138007JNS19JHNA2336</lei>
        <title>SGS SA CHF0.04 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1256740924"/>
          <ticker value="SGSN"/>
          <other otherDesc="SEDOL" value="BMBQHZ4"/>
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        <balance>236870.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>25664884.97000000</valUSD>
        <pctVal>0.410153195759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GUNMA BANK LTD (THE)</name>
        <lei>54930054A69VC4I5BP89</lei>
        <title>GUNMA BANK LTD (THE) NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3276400003"/>
          <ticker value="8334"/>
          <other otherDesc="SEDOL" value="6398088"/>
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        <balance>3400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.000743994703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANDFIRE RESOURCES LTD</name>
        <lei>213800ZW52P23FVH1V47</lei>
        <title>SANDFIRE RESOURCES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000SFR8"/>
          <ticker value="SFR"/>
          <other otherDesc="SEDOL" value="6739739"/>
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        <balance>846581.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.163455635565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KYOCERA CORP</name>
        <lei>N/A</lei>
        <title>KYOCERA CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3249600002"/>
          <ticker value="6971"/>
          <other otherDesc="SEDOL" value="6499260"/>
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        <balance>464400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.128958067134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAN GROUP PLC</name>
        <lei>2549003YWC1DW6LALB09</lei>
        <title>MAN GROUP PLC ORD USD0.0342857142</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JE00BJ1DLW90"/>
          <ticker value="EMG"/>
          <other otherDesc="SEDOL" value="BJ1DLW9"/>
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        <balance>964361.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
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        <pctVal>0.053252410848</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FUGRO NV</name>
        <lei>7245000R8GNBSDTSZ396</lei>
        <title>FUGRO NV EUR0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL00150003E1"/>
          <ticker value="FUR"/>
          <other otherDesc="SEDOL" value="BN0TYP0"/>
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        <balance>137074.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>1987793.08000000</valUSD>
        <pctVal>0.031767127934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ISUZU MOTORS LTD</name>
        <lei>529900C0QSXVCC7AR494</lei>
        <title>ISUZU MOTORS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3137200006"/>
          <ticker value="7202"/>
          <other otherDesc="SEDOL" value="6467104"/>
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        <balance>2063900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.454462289156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELBIT SYSTEMS LTD</name>
        <lei>529900Q9CB1REUMZSS32</lei>
        <title>ELBIT SYSTEMS LTD ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0010811243"/>
          <ticker value="ESLT"/>
          <other otherDesc="SEDOL" value="6308913"/>
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        <balance>3618.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
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        <pctVal>0.048102900412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHALLENGER LTD</name>
        <lei>529900ACCCAOHJ2V3169</lei>
        <title>CHALLENGER LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CGF5"/>
          <ticker value="CGF"/>
          <other otherDesc="SEDOL" value="6726300"/>
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        <balance>890744.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MITSUBISHI MATERIALS CORP</name>
        <lei>35380076QOBOSOUBRT89</lei>
        <title>MITSUBISHI MATERIALS CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3903000002"/>
          <ticker value="5711"/>
          <other otherDesc="SEDOL" value="6597089"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ESSILORLUXOTTICA SA</name>
        <lei>549300M3VH1A3ER1TB49</lei>
        <title>ESSILORLUXOTTICA SA EUR0.18</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000121667"/>
          <ticker value="EL"/>
          <other otherDesc="SEDOL" value="7212477"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TAISEI CORP</name>
        <lei>529900TF7XJKIOWMLQ79</lei>
        <title>TAISEI CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3443600006"/>
          <ticker value="1801"/>
          <other otherDesc="SEDOL" value="6870100"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AXA SA</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
        <title>AXA SA EUR2.29</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000120628"/>
          <ticker value="CS"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AIXTRON SE</name>
        <lei>5299004UJ4D51M25LD67</lei>
        <title>AIXTRON SE ORD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000A0WMPJ6"/>
          <ticker value="AIXA"/>
          <other otherDesc="SEDOL" value="5468346"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>GOLDMAN SACHS TRUST</name>
        <lei>S2FHCT8U6D2VORP0J605</lei>
        <title>GOLDMAN SACHS TRUST CENTRAL GOVERNME</title>
        <cusip>38151N502</cusip>
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          <isin value="US38151N5023"/>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EDP SA</name>
        <lei>529900CLC3WDMGI9VH80</lei>
        <title>EDP SA EUR1(REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="PTEDP0AM0009"/>
          <ticker value="EDP"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FUJI ELECTRIC COMPANY LTD</name>
        <lei>5299000HVNGZZTYYM906</lei>
        <title>FUJI ELECTRIC COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3820000002"/>
          <ticker value="6504"/>
          <other otherDesc="SEDOL" value="6356365"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VAR ENERGI ASA</name>
        <lei>549300LIVN3FFOJN2K47</lei>
        <title>VAR ENERGI ASA NOK0.16</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0011202772"/>
          <ticker value="VAR"/>
          <other otherDesc="SEDOL" value="BPLF0Y2"/>
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        <balance>4472112.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>22724771.13000000</valUSD>
        <pctVal>0.363166930721</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PROSUS NV</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>PROSUS NV EUR0.05 (N SHARES)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0013654783"/>
          <ticker value="PRX"/>
          <other otherDesc="SEDOL" value="BJDS7L3"/>
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        <balance>430531.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <pctVal>0.333099278612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LOGITECH INTERNATIONAL SA</name>
        <lei>549300SN6PRK6IJJC215</lei>
        <title>LOGITECH INTERNATIONAL SA CHF0.25 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0025751329"/>
          <ticker value="LOGN"/>
          <other otherDesc="SEDOL" value="B18ZRK2"/>
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        <balance>63495.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>6267749.47000000</valUSD>
        <pctVal>0.100165556103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANZ GROUP HOLDINGS LTD</name>
        <lei>9845005D9C6BAA10BK72</lei>
        <title>ANZ GROUP HOLDINGS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000ANZ3"/>
          <ticker value="ANZ"/>
          <other otherDesc="SEDOL" value="6065586"/>
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        <balance>956163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.405874511501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEC CORP</name>
        <lei>5493000QYMPFRTEY4K28</lei>
        <title>NEC CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3733000008"/>
          <ticker value="6701"/>
          <other otherDesc="SEDOL" value="6640400"/>
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        <balance>956400.00000000</balance>
        <units>NS</units>
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        <pctVal>0.406563312585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DAIICHI SANKYO COMPANY LTD</name>
        <lei>353800XGIU2IHQGC9504</lei>
        <title>DAIICHI SANKYO COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3475350009"/>
          <ticker value="4568"/>
          <other otherDesc="SEDOL" value="B0J7D91"/>
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        <balance>340000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5522990.16000000</valUSD>
        <pctVal>0.088263480117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INVESTOR AB</name>
        <lei>549300VEBQPHRZBKUX38</lei>
        <title>INVESTOR AB SER'A'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0015811955"/>
          <ticker value="INVEA"/>
          <other otherDesc="SEDOL" value="BMV7PN1"/>
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        <balance>365541.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
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        <pctVal>0.233813488996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO REALTY &amp; DEVELOPMENT CO LTD</name>
        <lei>353800SO2DCLOI3LNZ64</lei>
        <title>SUMITOMO REALTY &amp; DEVELOPMENT CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3409000001"/>
          <ticker value="8830"/>
          <other otherDesc="SEDOL" value="6858902"/>
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        <balance>295500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.146393067568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RAMELIUS RESOURCES LTD</name>
        <lei>254900E44AIGW7KKNR98</lei>
        <title>RAMELIUS RESOURCES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000RMS4"/>
          <ticker value="RMS"/>
          <other otherDesc="SEDOL" value="6586872"/>
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        <balance>1317091.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3268987.84000000</valUSD>
        <pctVal>0.052242034633</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>SOUTH32 LTD</name>
        <lei>213800LAZNPXSBKVHR17</lei>
        <title>SOUTH32 LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000S320"/>
          <ticker value="S32"/>
          <other otherDesc="SEDOL" value="BWSW5D9"/>
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        <balance>573988.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>1701041.52000000</valUSD>
        <pctVal>0.027184521433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AGC INC</name>
        <lei>JE4WFFEELMVPFZ0G1E77</lei>
        <title>AGC INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3112000009"/>
          <ticker value="5201"/>
          <other otherDesc="SEDOL" value="6055208"/>
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        <balance>504600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>18096935.42000000</valUSD>
        <pctVal>0.289209006961</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>YAMAHA CORP</name>
        <lei>529900S5TENP3IJS7S02</lei>
        <title>YAMAHA CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3942600002"/>
          <ticker value="7951"/>
          <other otherDesc="SEDOL" value="6642387"/>
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        <balance>680200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4854242.71000000</valUSD>
        <pctVal>0.077576157571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IYOGIN HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>IYOGIN HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3149700001"/>
          <ticker value="5830"/>
          <other otherDesc="SEDOL" value="BP38QH4"/>
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        <balance>416700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8030387.32000000</valUSD>
        <pctVal>0.128334454891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WARTSILA OYJ ABP</name>
        <lei>743700G7A9J1PHM3X223</lei>
        <title>WARTSILA OYJ ABP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009003727"/>
          <ticker value="WRT1V"/>
          <other otherDesc="SEDOL" value="4525189"/>
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        <balance>391017.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>16421637.84000000</valUSD>
        <pctVal>0.262435902111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KONINKLIJKE AHOLD DELHAIZE NV</name>
        <lei>724500C9GNBV20UYRX36</lei>
        <title>KONINKLIJKE AHOLD DELHAIZE NV EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0011794037"/>
          <ticker value="AD"/>
          <other otherDesc="SEDOL" value="BD0Q398"/>
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        <balance>1135491.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>53333462.22000000</valUSD>
        <pctVal>0.852327606222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIPOL ASSICURAZIONI SPA</name>
        <lei>8156005CE5E7340CCA86</lei>
        <title>UNIPOL ASSICURAZIONI SPA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0004810054"/>
          <ticker value="UNI"/>
          <other otherDesc="SEDOL" value="B7SF135"/>
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        <balance>79036.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <pctVal>0.033002636673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IBIDEN CO LTD</name>
        <lei>52990051DBFIQEY37C91</lei>
        <title>IBIDEN CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3148800000"/>
          <ticker value="4062"/>
          <other otherDesc="SEDOL" value="6456102"/>
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        <balance>20000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TECHNIP ENERGIES NV</name>
        <lei>724500FLODI49NSCIP70</lei>
        <title>TECHNIP ENERGIES NV EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="NL0014559478"/>
          <ticker value="TE"/>
          <other otherDesc="SEDOL" value="BNC0116"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SPIE SA</name>
        <lei>969500TJNS5GSFWJ8X85</lei>
        <title>SPIE SA EUR0.47</title>
        <cusip>000000000</cusip>
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          <isin value="FR0012757854"/>
          <ticker value="SPIE"/>
          <other otherDesc="SEDOL" value="BYZFYS3"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FANUC CORP</name>
        <lei>529900QTSW745LOKW705</lei>
        <title>FANUC CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3802400006"/>
          <ticker value="6954"/>
          <other otherDesc="SEDOL" value="6356934"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MERCK KGAA</name>
        <lei>529900OAREIS0MOPTW25</lei>
        <title>MERCK KGAA NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006599905"/>
          <ticker value="MRK"/>
          <other otherDesc="SEDOL" value="4741844"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PERSEUS MINING LTD</name>
        <lei>54930054ZDGKBCW3SM26</lei>
        <title>PERSEUS MINING LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000PRU3"/>
          <ticker value="PRU"/>
          <other otherDesc="SEDOL" value="B02FBC1"/>
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        <balance>1428521.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>5725066.97000000</valUSD>
        <pctVal>0.091492890633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CITY DEVELOPMENTS LTD</name>
        <lei>254900BPLPJS0RJ72373</lei>
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        <cusip>000000000</cusip>
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          <isin value="SG1R89002252"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MEBUKI FINANCIAL GROUP INC</name>
        <lei>353800K1RXV3E3JAE812</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3117700009"/>
          <ticker value="7167"/>
          <other otherDesc="SEDOL" value="BH0VTS2"/>
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        <balance>703000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>BABCOCK INTERNATIONAL GROUP PLC</name>
        <lei>213800TSKOLX4EU6L377</lei>
        <title>BABCOCK INTERNATIONAL GROUP PLC ORD GBP0.60</title>
        <cusip>000000000</cusip>
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          <isin value="GB0009697037"/>
          <ticker value="BAB"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>EPIROC AB</name>
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        <cusip>000000000</cusip>
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          <isin value="SE0015658117"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NOMURA HOLDINGS INC</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3762600009"/>
          <ticker value="8604"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FUKUOKA FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="JP3805010000"/>
          <ticker value="8354"/>
          <other otherDesc="SEDOL" value="B1TK1Y8"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SHIMIZU CORP</name>
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        <cusip>000000000</cusip>
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          <isin value="JP3358800005"/>
          <ticker value="1803"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NATIONAL AUSTRALIA BANK LTD</name>
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        <title>NATIONAL AUSTRALIA BANK LTD NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="NAB"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WOODSIDE ENERGY GROUP LTD</name>
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        <title>WOODSIDE ENERGY GROUP LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU0000224040"/>
          <ticker value="WDS"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EISAI CO LTD</name>
        <lei>353800HDEE0ZYEX4QV91</lei>
        <title>EISAI CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3160400002"/>
          <ticker value="4523"/>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SOMPO HOLDINGS INC</name>
        <lei>353800CWW4SRGEYEB512</lei>
        <title>SOMPO HOLDINGS INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3165000005"/>
          <ticker value="8630"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LONZA GROUP AG</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BUREAU VERITAS SA</name>
        <lei>969500TPU5T3HA5D1F11</lei>
        <title>BUREAU VERITAS SA EUR0.12</title>
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          <ticker value="BVI"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>DANSKE BANK A/S</name>
        <lei>MAES062Z21O4RZ2U7M96</lei>
        <title>DANSKE BANK A/S DKK10</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>INFINEON TECHNOLOGIES AG</name>
        <lei>TSI2PJM6EPETEQ4X1U25</lei>
        <title>INFINEON TECHNOLOGIES AG ORD NPV (REGD)</title>
        <cusip>000000000</cusip>
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          <ticker value="IFX"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <name>VALLOUREC SA</name>
        <lei>969500P2Q1B47H4MCJ34</lei>
        <title>VALLOUREC SA EUR0.02</title>
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          <ticker value="VK"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <name>BANK LEUMI LE - ISRAEL BM</name>
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        <invCountry>IL</invCountry>
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        <name>SINGAPORE EXCHANGE LIMITED</name>
        <lei>549300IQ650PPXM76X03</lei>
        <title>MSCI Singapore Index Futures, May 2026</title>
        <cusip>000000000</cusip>
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          <ticker value="SGPK26"/>
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        <name>NATURGY ENERGY GROUP SA</name>
        <lei>TL2N6M87CW970S5SV098</lei>
        <title>NATURGY ENERGY GROUP SA EUR1</title>
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          <ticker value="NTGY"/>
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        <invCountry>ES</invCountry>
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        <name>VIRIDIEN SA</name>
        <lei>969500FCVQ5SLAAUJV59</lei>
        <title>VIRIDIEN SA EUR1</title>
        <cusip>000000000</cusip>
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          <ticker value="VIRI"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>CAPGEMINI SE</name>
        <lei>96950077L0TN7BAROX36</lei>
        <title>CAPGEMINI SE EUR8</title>
        <cusip>000000000</cusip>
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          <ticker value="CAP"/>
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        <pctVal>0.304735746117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HONGKONG LAND HOLDINGS LTD</name>
        <lei>213800XCHYNRPAYGXW28</lei>
        <title>HONGKONG LAND HOLDINGS LTD ORD USD0.10(SINGAPORE REG)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG4587L1090"/>
          <ticker value="HKL"/>
          <other otherDesc="SEDOL" value="6434915"/>
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        <balance>1581900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12506563.09000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SONY GROUP CORP</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>SONY GROUP CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3435000009"/>
          <ticker value="6758"/>
          <other otherDesc="SEDOL" value="6821506"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GAMES WORKSHOP GROUP PLC</name>
        <lei>213800RP9QJQYGWHNT41</lei>
        <title>GAMES WORKSHOP GROUP PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB0003718474"/>
          <ticker value="GAW"/>
          <other otherDesc="SEDOL" value="0371847"/>
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        <balance>20693.00000000</balance>
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        <pctVal>0.087709787921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACCELLERON INDUSTRIES AG</name>
        <lei>254900KS0MD2PAARXD14</lei>
        <title>ACCELLERON INDUSTRIES AG CHF0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH1169360919"/>
          <ticker value="ACLN"/>
          <other otherDesc="SEDOL" value="BNM73Q6"/>
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        <balance>98427.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>10545452.91000000</valUSD>
        <pctVal>0.168527979643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MMG LTD</name>
        <lei>529900XB5IQXFMSWEC48</lei>
        <title>MMG LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK1208013172"/>
          <ticker value="1208"/>
          <other otherDesc="SEDOL" value="6728793"/>
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        <balance>1076000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NISSAN CHEMICAL CORP</name>
        <lei>3538002E4L1CUGJFFU25</lei>
        <title>NISSAN CHEMICAL CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3670800006"/>
          <ticker value="4021"/>
          <other otherDesc="SEDOL" value="6641588"/>
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        <balance>70800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INVESTEC PLC</name>
        <lei>2138007Z3U5GWDN3MY22</lei>
        <title>INVESTEC PLC ORD GBP0.0002</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B17BBQ50"/>
          <ticker value="INVP"/>
          <other otherDesc="SEDOL" value="B17BBQ5"/>
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        <balance>547451.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900LN3S50JPU47S06</lei>
        <title>EURO STOXX 50 Index Futures(FESX) Index Fut</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000C7YK3S8"/>
          <ticker value="VGM6"/>
          <other otherDesc="FIGI" value="BBG01H3H5Y28"/>
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        <balance>840.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>-218298.00000000</valUSD>
        <pctVal>-0.00348864304</pctVal>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>EUREX DEUTSCHLAND</counterpartyName>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>DEUTSCHE BORSE AKTIENGESELLSCHAFT</issuerName>
                <issueTitle>EURO STOXX 50</issueTitle>
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                  <cusip value="000000000"/>
                  <ticker value="SX5E"/>
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            <expDate>2026-06-19</expDate>
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            <unrealizedAppr>-218298.00000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TOWA CORP</name>
        <lei>353800HAMO7IT6KBJX75</lei>
        <title>TOWA CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3555700008"/>
          <ticker value="6315"/>
          <other otherDesc="SEDOL" value="6878665"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOCIETE GENERALE SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SOCIETE GENERALE SA EUR1.25</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000130809"/>
          <ticker value="GLE"/>
          <other otherDesc="SEDOL" value="5966516"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SARTORIUS AG</name>
        <lei>529900EQV2DY4FOAMU38</lei>
        <title>SARTORIUS AG NON VTG PFD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007165631"/>
          <ticker value="SRT3"/>
          <other otherDesc="SEDOL" value="5843329"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TAIHEIYO CEMENT CORP</name>
        <lei>N/A</lei>
        <title>TAIHEIYO CEMENT CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3449020001"/>
          <ticker value="5233"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SWEDBANK AB</name>
        <lei>M312WZV08Y7LYUC71685</lei>
        <title>SWEDBANK AB SER'A'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0000242455"/>
          <ticker value="SWEDA"/>
          <other otherDesc="SEDOL" value="4846523"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DEUTSCHE TELEKOM AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>DEUTSCHE TELEKOM AG NPV(REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="DE0005557508"/>
          <ticker value="DTE"/>
          <other otherDesc="SEDOL" value="5842359"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TOYODA GOSEI COMPANY LTD</name>
        <lei>353800ZV4HXVM4DWPO50</lei>
        <title>TOYODA GOSEI COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3634200004"/>
          <ticker value="7282"/>
          <other otherDesc="SEDOL" value="6900557"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MAKITA CORP</name>
        <lei>529900CDR9E94BCM6294</lei>
        <title>MAKITA CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3862400003"/>
          <ticker value="6586"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ISRAEL DISCOUNT BANK LTD</name>
        <lei>549300XWZ7BG5G23OF51</lei>
        <title>ISRAEL DISCOUNT BANK LTD ILS0.10</title>
        <cusip>465074201</cusip>
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          <ticker value="DSCT"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAE SYSTEMS PLC</name>
        <lei>8SVCSVKSGDWMW2QHOH83</lei>
        <title>BAE SYSTEMS PLC ORD GBP0.025</title>
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          <ticker value="BA/"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HONG KONG FUTURES EXCHANGE LTD.</name>
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        <title>HANG SENG INDEX FUTURES, MAY-2026</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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            <payOffProf>Long</payOffProf>
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                <issuerName>HONG KONG STOCK EXCHANGE</issuerName>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FAST RETAILING COMPANY LTD</name>
        <lei>353800ZCXKHDPY0N5218</lei>
        <title>FAST RETAILING COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3802300008"/>
          <ticker value="9983"/>
          <other otherDesc="SEDOL" value="6332439"/>
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        <balance>26800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>12615975.17000000</valUSD>
        <pctVal>0.201617211206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AJINOMOTO (JAPAN) COMPANY INC</name>
        <lei>353800UT0TLROREPIC92</lei>
        <title>AJINOMOTO (JAPAN) COMPANY INC NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3119600009"/>
          <ticker value="2802"/>
          <other otherDesc="SEDOL" value="6010906"/>
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        <balance>291900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>9381788.54000000</valUSD>
        <pctVal>0.149931338329</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>HUB24 LTD</name>
        <lei>529900O2RAS904TFIR32</lei>
        <title>HUB24 LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000HUB4"/>
          <ticker value="HUB"/>
          <other otherDesc="SEDOL" value="BD4T5X1"/>
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        <balance>53103.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3249450.94000000</valUSD>
        <pctVal>0.051929813403</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>DANONE SA</name>
        <lei>969500KMUQ2B6CBAF162</lei>
        <title>DANONE SA EUR0.25</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000120644"/>
          <ticker value="BN"/>
          <other otherDesc="SEDOL" value="B1Y9TB3"/>
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        <balance>739635.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>57949013.59000000</valUSD>
        <pctVal>0.926089212666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VALEO SE</name>
        <lei>5493006IH2N2WMIBB742</lei>
        <title>VALEO SE EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0013176526"/>
          <ticker value="FR"/>
          <other otherDesc="SEDOL" value="BDC5ST8"/>
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        <balance>367683.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>4628158.12000000</valUSD>
        <pctVal>0.073963076227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHUGAI PHARMACEUTICAL CO LTD</name>
        <lei>529900T9LAII161DCN95</lei>
        <title>CHUGAI PHARMACEUTICAL CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3519400000"/>
          <ticker value="4519"/>
          <other otherDesc="SEDOL" value="6196408"/>
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        <balance>66300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3535739.29000000</valUSD>
        <pctVal>0.056505017297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BHP GROUP LTD</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000BHP4"/>
          <ticker value="BHP"/>
          <other otherDesc="SEDOL" value="6144690"/>
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        <balance>1357463.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>53727504.70000000</valUSD>
        <pctVal>0.858624840074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO CORP</name>
        <lei>V82KK8NH1P0JS71FJC05</lei>
        <title>SUMITOMO CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3404600003"/>
          <ticker value="8053"/>
          <other otherDesc="SEDOL" value="6858946"/>
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        <balance>259900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>9663655.40000000</valUSD>
        <pctVal>0.154435881932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JOHNSON ELECTRIC HOLDINGS LTD</name>
        <lei>529900EDYRQ6K25JEC80</lei>
        <title>JOHNSON ELECTRIC HOLDINGS LTD HKD0.05</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5150J1577"/>
          <ticker value="179"/>
          <other otherDesc="SEDOL" value="BP4JH17"/>
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        <balance>1024500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>2780155.93000000</valUSD>
        <pctVal>0.044429961043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELISA OYJ</name>
        <lei>743700TU2S3DXWGU7H32</lei>
        <title>ELISA OYJ NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FI0009007884"/>
          <ticker value="ELISA"/>
          <other otherDesc="SEDOL" value="5701513"/>
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        <balance>41537.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>2017368.87000000</valUSD>
        <pctVal>0.032239781710</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DNB BANK ASA</name>
        <lei>549300GKFG0RYRRQ1414</lei>
        <title>DNB BANK ASA NOK12.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NO0010161896"/>
          <ticker value="DNB"/>
          <other otherDesc="SEDOL" value="BNG7113"/>
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        <balance>150513.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>4558037.98000000</valUSD>
        <pctVal>0.072842478977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REDEIA CORPORACION SA</name>
        <lei>5493009HMD0C90GUV498</lei>
        <title>REDEIA CORPORACION SA EUR0.5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ES0173093024"/>
          <ticker value="RED"/>
          <other otherDesc="SEDOL" value="BD6FXN3"/>
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        <balance>623755.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>10907853.72000000</valUSD>
        <pctVal>0.174319544676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NABTESCO CORP</name>
        <lei>529900DVHQXYRTGW7739</lei>
        <title>NABTESCO CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3651210001"/>
          <ticker value="6268"/>
          <other otherDesc="SEDOL" value="6687571"/>
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        <balance>322800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10676027.48000000</valUSD>
        <pctVal>0.170614705425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AUTOTRADER GP PLC</name>
        <lei>213800QLK9BZILB1DI86</lei>
        <title>AUTOTRADER GP PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BVYVFW23"/>
          <ticker value="AUTO"/>
          <other otherDesc="SEDOL" value="BVYVFW2"/>
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        <balance>1066443.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
        <valUSD>7173891.57000000</valUSD>
        <pctVal>0.114646707238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>REGIS RESOURCES LTD</name>
        <lei>213800XH9YUXBLYBD749</lei>
        <title>REGIS RESOURCES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000RRL8"/>
          <ticker value="RRL"/>
          <other otherDesc="SEDOL" value="6476542"/>
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        <balance>1074826.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOKYU FUDOSAN HOLDINGS CORP</name>
        <lei>N/A</lei>
        <title>TOKYU FUDOSAN HOLDINGS CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3569200003"/>
          <ticker value="3289"/>
          <other otherDesc="SEDOL" value="BDC6LT2"/>
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        <balance>1461200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SWCC CORP</name>
        <lei>353800A7RNYOC4KL4T49</lei>
        <title>SWCC CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3368400002"/>
          <ticker value="5805"/>
          <other otherDesc="SEDOL" value="6805481"/>
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        <balance>24300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KEPPEL DC REIT</name>
        <lei>N/A</lei>
        <title>KEPPEL DC REIT NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1AF6000009"/>
          <ticker value="KDCREIT"/>
          <other otherDesc="SEDOL" value="BT9Q186"/>
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        <balance>1213100.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AIA GROUP LTD</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA GROUP LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000069689"/>
          <ticker value="1299"/>
          <other otherDesc="SEDOL" value="B4TX8S1"/>
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        <balance>3588200.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO ELECTRIC INDUSTRIES LTD</name>
        <lei>5493005SP87FL5TOS202</lei>
        <title>SUMITOMO ELECTRIC INDUSTRIES LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3407400005"/>
          <ticker value="5802"/>
          <other otherDesc="SEDOL" value="6858708"/>
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        <balance>748500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LY CORP</name>
        <lei>52990078MD2OL792YM35</lei>
        <title>LY CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3933800009"/>
          <ticker value="4689"/>
          <other otherDesc="SEDOL" value="6084848"/>
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        <balance>510900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1343782.96000000</valUSD>
        <pctVal>0.021475135232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BEAZLEY PLC</name>
        <lei>213800VTOMUWD41GIT12</lei>
        <title>BEAZLEY PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BYQ0JC66"/>
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        <balance>638242.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488800"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SVENSKA HANDELSBANKEN AB</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
        <title>SVENSKA HANDELSBANKEN AB SER'A'NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SE0007100599"/>
          <ticker value="SHBA"/>
          <other otherDesc="SEDOL" value="BXDZ9Q1"/>
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        <balance>2626416.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CAPRICORN METALS LTD</name>
        <lei>529900CRG304NUYMOV23</lei>
        <title>CAPRICORN METALS LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000CMM9"/>
          <ticker value="CMM"/>
          <other otherDesc="SEDOL" value="BDD98W2"/>
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        <balance>352276.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EXOR NV</name>
        <lei>5493002ENHZ6NYET7405</lei>
        <title>EXOR NV EUR0.01</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0012059018"/>
          <ticker value="EXO"/>
          <other otherDesc="SEDOL" value="BMJ1825"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENGIE SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>ENGIE SA EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="FR0010208488"/>
          <ticker value="ENGI"/>
          <other otherDesc="SEDOL" value="B0C2CQ3"/>
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        <balance>127075.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IDEMITSU KOSAN CO LTD</name>
        <lei>549300P0R46FF6DUA630</lei>
        <title>IDEMITSU KOSAN CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3142500002"/>
          <ticker value="5019"/>
          <other otherDesc="SEDOL" value="B1FF8P7"/>
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        <balance>82600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABB LTD (CH)</name>
        <lei>5493000LKVGOO9PELI61</lei>
        <title>ABB LTD (CH) CHF0.12 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0012221716"/>
          <ticker value="ABBN"/>
          <other otherDesc="SEDOL" value="7108899"/>
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        <balance>657147.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>66463679.38000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IHI CORP</name>
        <lei>549300ETQIESIUQ2OE26</lei>
        <title>IHI CORP NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3134800006"/>
          <ticker value="7013"/>
          <other otherDesc="SEDOL" value="6466985"/>
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        <balance>428000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KYORITSU MAINTENANCE CO LTD</name>
        <lei>353800IO2MFHL1NA0986</lei>
        <title>KYORITSU MAINTENANCE CO LTD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3253900009"/>
          <ticker value="9616"/>
          <other otherDesc="SEDOL" value="6489603"/>
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        <balance>58100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LION FINANCE GROUP PLC</name>
        <lei>213800XKDG12NQG8VC53</lei>
        <title>LION FINANCE GROUP PLC ORD GBP0.01</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BF4HYT85"/>
          <ticker value="BGEO"/>
          <other otherDesc="SEDOL" value="BF4HYT8"/>
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        <balance>8810.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEXTEER AUTOMOTIVE GROUP LTD</name>
        <lei>529900O9GGNBKMJ9UO48</lei>
        <title>NEXTEER AUTOMOTIVE GROUP LTD HKD0.1</title>
        <cusip>000000000</cusip>
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          <isin value="KYG6501M1050"/>
          <ticker value="1316"/>
          <other otherDesc="SEDOL" value="BBPD5F0"/>
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        <balance>7994000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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        <pctVal>0.079367648918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DHL GROUP</name>
        <lei>8ER8GIG7CSMVD8VUFE78</lei>
        <title>DHL GROUP</title>
        <cusip>000000000</cusip>
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          <isin value="DE0005552004"/>
          <ticker value="DHL"/>
          <other otherDesc="SEDOL" value="4617859"/>
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        <balance>309269.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASAHI INTECC COMPANY LTD</name>
        <lei>353800J3AV2SCNIO8L39</lei>
        <title>ASAHI INTECC COMPANY LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3110650003"/>
          <ticker value="7747"/>
          <other otherDesc="SEDOL" value="B019MQ5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASTELLAS PHARMA INC</name>
        <lei>529900IB708DY2HBBB35</lei>
        <title>ASTELLAS PHARMA INC NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3942400007"/>
          <ticker value="4503"/>
          <other otherDesc="SEDOL" value="6985383"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ADVANTEST CORP</name>
        <lei>353800EMK32PDKS9XR54</lei>
        <title>ADVANTEST CORP NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3122400009"/>
          <ticker value="6857"/>
          <other otherDesc="SEDOL" value="6870490"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AEM HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>AEM HOLDINGS LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SG1BA1000003"/>
          <ticker value="AEM"/>
          <other otherDesc="SEDOL" value="BXC7XC2"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SG</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>YAMAHA MOTOR CO LTD</name>
        <lei>3538004LR5NXILJDHY88</lei>
        <title>YAMAHA MOTOR CO LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3942800008"/>
          <ticker value="7272"/>
          <other otherDesc="SEDOL" value="6985264"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EPIROC AB</name>
        <lei>5493004Q73OEYW1SPE91</lei>
        <title>EPIROC AB SER'A'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0015658109"/>
          <ticker value="EPIA"/>
          <other otherDesc="SEDOL" value="BMD58R8"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AIRTEL AFRICA PLC</name>
        <lei>254900ZNZDQL6OWQH623</lei>
        <title>AIRTEL AFRICA PLC ORD USD0.5</title>
        <cusip>000000000</cusip>
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          <isin value="GB00BKDRYJ47"/>
          <ticker value="AAF"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HITACHI LTD</name>
        <lei>549300T6IPOCDWLKC615</lei>
        <title>HITACHI LTD NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3788600009"/>
          <ticker value="6501"/>
          <other otherDesc="SEDOL" value="6429104"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WESFARMERS LTD</name>
        <lei>5493003L32ZX9557ST85</lei>
        <title>WESFARMERS LTD ORD NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000WES1"/>
          <ticker value="WES"/>
          <other otherDesc="SEDOL" value="6948836"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG</name>
        <lei>529900MUF4C20K50JS49</lei>
        <title>MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG NPV(REGD)</title>
        <cusip>000000000</cusip>
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          <isin value="DE0008430026"/>
          <ticker value="MUV2"/>
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        <balance>59717.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204200"/>
        <valUSD>35721079.71000000</valUSD>
        <pctVal>0.570862289706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="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>2026-06-22</ncom:dateSigned>
      <ncom:nameOfApplicant>Goldman Sachs Trust</ncom:nameOfApplicant>
      <ncom:signature>Allison Frachiolla</ncom:signature>
      <ncom:signerName>Allison Frachiolla</ncom:signerName>
      <ncom:title>Vice President Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
