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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SINOPHARM GROUP CO LTD ORD HKD 1 CL H</name>
        <lei>529900N54X78YH9JYK92</lei>
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        <cusip>Y8008N107</cusip>
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          <ticker value="1099"/>
          <other otherDesc="Internal Identifier" value="453002"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SANOFI ORD EUR2</name>
        <lei>549300E9PC51EN656011</lei>
        <title>SANOFI ORD EUR2</title>
        <cusip>F5548N101</cusip>
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          <ticker value="SAN"/>
          <other otherDesc="Internal Identifier" value="198957"/>
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        <pctVal>1.876151518186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IMPERIAL BRANDS PLC ORD GBP.1</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>IMPERIAL BRANDS PLC ORD GBP.1</title>
        <cusip>000000000</cusip>
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          <isin value="GB0004544929"/>
          <other otherDesc="Internal Identifier" value="42030"/>
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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>
      <invstOrSec>
        <name>NOVARTIS AG ORD CHF.5</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>NOVARTIS AG ORD CHF.5</title>
        <cusip>H5820Q150</cusip>
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          <ticker value="NOVN"/>
          <other otherDesc="Internal Identifier" value="43630"/>
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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>
      <invstOrSec>
        <name>INFINEON TECHNOLOGIES AG ORD EUR NPV</name>
        <lei>TSI2PJM6EPETEQ4X1U25</lei>
        <title>INFINEON TECHNOLOGIES AG ORD EUR NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE0006231004"/>
          <other otherDesc="Internal Identifier" value="184361"/>
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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>
      <invstOrSec>
        <name>KIRIN HOLDINGS CO LTD ORD JPY NPV</name>
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        <title>KIRIN HOLDINGS CO LTD ORD JPY NPV</title>
        <cusip>497350108</cusip>
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          <ticker value="2503"/>
          <other otherDesc="Internal Identifier" value="39399"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VEOLIA ENVIRONNEMENT SA ORD EUR13.5</name>
        <lei>969500LENY69X51OOT31</lei>
        <title>VEOLIA ENVIRONNEMENT SA ORD EUR13.5</title>
        <cusip>F9686M107</cusip>
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          <ticker value="VIE"/>
          <other otherDesc="Internal Identifier" value="224444"/>
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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>KB FINANCIAL GROUP INC SPONSORED ADR</name>
        <lei>529900TKE4MXG3Q6GW86</lei>
        <title>KB FINANCIAL GROUP INC SPONSORED ADR</title>
        <cusip>48241A105</cusip>
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          <ticker value="KB"/>
          <other otherDesc="Internal Identifier" value="430759"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TAKEDA PHARMACEUTICAL CO LTD ORD JPY NPV</name>
        <lei>549300ZLMVP4X0OGR454</lei>
        <title>TAKEDA PHARMACEUTICAL CO LTD ORD JPY NPV</title>
        <cusip>J8129E108</cusip>
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          <ticker value="4502"/>
          <other otherDesc="Internal Identifier" value="25080"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CIE DE SAINT-GOBAIN ORD EUR4</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
        <title>CIE DE SAINT-GOBAIN ORD EUR4</title>
        <cusip>F80343100</cusip>
        <identifiers>
          <ticker value="SGO"/>
          <other otherDesc="Internal Identifier" value="54257"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.90489550"/>
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        <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>BNP PARIBAS SA ORD EUR2</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP PARIBAS SA ORD EUR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000131104"/>
          <other otherDesc="Internal Identifier" value="54247"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HUSKY ENERGY INC ORD NPV</name>
        <lei>N/A</lei>
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        <cusip>448055103</cusip>
        <identifiers>
          <ticker value="HSE"/>
          <other otherDesc="Internal Identifier" value="192140"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</name>
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        <title>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</title>
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          <ticker value="INFXX"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHINA TELECOM CORP LTD ORD H CNY1</name>
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        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NXP SEMICONDUCTORS NV ORD USD NPV</name>
        <lei>724500M9BY5293JDF951</lei>
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        <cusip>N6596X109</cusip>
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          <ticker value="NXPI"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>E.ON SE ORD EUR NPV</name>
        <lei>Q9MAIUP40P25UFBFG033</lei>
        <title>E.ON SE ORD EUR NPV</title>
        <cusip>D24914133</cusip>
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          <ticker value="EOAN"/>
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        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BAE SYSTEMS PLC ORD GBP.025</name>
        <lei>8SVCSVKSGDWMW2QHOH83</lei>
        <title>BAE SYSTEMS PLC ORD GBP.025</title>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SINOPEC ENGINEERING GROUP CO LTD ORD HKD1</name>
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        <title>SINOPEC ENGINEERING GROUP CO LTD ORD HKD1</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SUMITOMO METAL MINING CO LTD ORD JPY NPV</name>
        <lei>353800CF81IXL9974H84</lei>
        <title>SUMITOMO METAL MINING CO LTD ORD JPY NPV</title>
        <cusip>000000000</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>PANASONIC CORP ORD JPY NPV</name>
        <lei>254900GE1G59KGWPHX32</lei>
        <title>PANASONIC CORP ORD JPY NPV</title>
        <cusip>000000000</cusip>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SWIRE PACIFIC LTD ORD A HKD.60</name>
        <lei>549300KZOZHII0DGF611</lei>
        <title>SWIRE PACIFIC LTD ORD A HKD.60</title>
        <cusip>Y83310105</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ArcelorMittal SA ORD EUR.01</name>
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      <invstOrSec>
        <name>Cie Generale des Etablissements Michelin SCA ORD EUR2</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MERCK KGAA ORD EUR NPV</name>
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      <invstOrSec>
        <name>VODAFONE GROUP PLC SPONSORED ADR</name>
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      <invstOrSec>
        <name>BP PLC ORD GBP.25</name>
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      <invstOrSec>
        <name>SUNDRUG CO LTD ORD JPY1</name>
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      <invstOrSec>
        <name>TOTAL SA ORD EUR2.5</name>
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          <ticker value="FP"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>JOHNSON MATTHEY PLC ORD GBP1.109245</name>
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      <invstOrSec>
        <name>MITSUI FUDOSAN CO LTD ORD JPY NPV</name>
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        <name>SBM OFFSHORE NV ORD EUR.25</name>
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          <ticker value="SBMO"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>AIA GROUP LTD ORD USD1 (HKE)</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>KOMATSU LTD ORD JPY NPV</name>
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        <name>SUNTORY BEVERAGE &amp; FOOD LTD ORD JPY NPV</name>
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        <name>HONDA MOTOR CO LTD ORD JPY NPV</name>
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        <name>STANDARD CHARTERED PLC ORD USD.50</name>
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        <name>GALP ENERGIA SGPS SA ORD EUR1  B SHRS</name>
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        <name>TOKYO BROADCASTING SYSTEM HOLDINGS INC ORD JPY NPV</name>
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        <name>SHINHAN FINANCIAL GROUP CO LTD ORD KRW5000</name>
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        <name>MATSUMOTOKIYOSHI HOLDINGS CO LTD ORD JPY NPV</name>
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        <name>SIEMENS AG ORD EUR NPV - REGISTERED</name>
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        <name>SES SA IDR EUR NPV</name>
        <lei>5493008JPA4HYMH1HX51</lei>
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        <pctVal>0.525048136510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COVESTRO AG ORD EUR NPV</name>
        <lei>3912005AWHKLQ1CPLV11</lei>
        <title>COVESTRO AG ORD EUR NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006062144"/>
          <other otherDesc="Internal Identifier" value="800980"/>
        </identifiers>
        <balance>199631.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90489550"/>
        <valUSD>6056785.60000000</valUSD>
        <pctVal>0.625248165272</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>TENARIS SA ORD EUR1</name>
        <lei>549300Y7C05BKC4HZB40</lei>
        <title>TENARIS SA ORD EUR1</title>
        <cusip>L90272102</cusip>
        <identifiers>
          <ticker value="TEN"/>
          <other otherDesc="Internal Identifier" value="349268"/>
        </identifiers>
        <balance>800667.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90489550"/>
        <valUSD>4828967.31000000</valUSD>
        <pctVal>0.498499228821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WHEATON PRECIOUS METALS CORP ORD CAD NPV</name>
        <lei>549300XSFG5ZCGVYD886</lei>
        <title>WHEATON PRECIOUS METALS CORP ORD CAD NPV</title>
        <cusip>962879102</cusip>
        <identifiers>
          <ticker value="WPM"/>
          <other otherDesc="Internal Identifier" value="321598"/>
        </identifiers>
        <balance>718100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.41480000"/>
        <valUSD>19759867.14000000</valUSD>
        <pctVal>2.039831272105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG ELECTRONICS CO LTD ORD KRW 100</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>SAMSUNG ELECTRONICS CO LTD ORD KRW 100</title>
        <cusip>Y74718100</cusip>
        <identifiers>
          <ticker value="005930"/>
          <other otherDesc="Internal Identifier" value="19148"/>
        </identifiers>
        <balance>909188.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1224.49000000"/>
        <valUSD>35609832.26000000</valUSD>
        <pctVal>3.676039364218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOUSING DEVELOPMENT FINANCE CORP LTD ORD INR2 (DEMAT)</name>
        <lei>335800OX2H9AP7NHLT64</lei>
        <title>HOUSING DEVELOPMENT FINANCE CORP LTD ORD INR2 (DEMAT)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE001A01036"/>
          <other otherDesc="Internal Identifier" value="54954"/>
        </identifiers>
        <balance>395375.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.38500000"/>
        <valUSD>8568825.72000000</valUSD>
        <pctVal>0.884568633231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAIDU INC ADR CLASS A</name>
        <lei>254900AL64IANZYI1E02</lei>
        <title>BAIDU INC ADR CLASS A</title>
        <cusip>056752108</cusip>
        <identifiers>
          <ticker value="BIDU"/>
          <other otherDesc="Internal Identifier" value="344219"/>
        </identifiers>
        <balance>138230.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13932201.70000000</valUSD>
        <pctVal>1.438235415025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ING GROEP NV ORD EUR.01</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING GROEP NV ORD EUR.01</title>
        <cusip>N4578E595</cusip>
        <identifiers>
          <ticker value="INGA"/>
          <other otherDesc="Internal Identifier" value="641059"/>
        </identifiers>
        <balance>2487169.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90489550"/>
        <valUSD>12741027.65000000</valUSD>
        <pctVal>1.315269300906</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>Landis+Gyr Group AG ORD CHF NPV</name>
        <lei>529900PZYVAKCYSLFL19</lei>
        <title>Landis+Gyr Group AG ORD CHF NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0371153492"/>
          <other otherDesc="Internal Identifier" value="811729"/>
        </identifiers>
        <balance>120834.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.95830000"/>
        <valUSD>8263432.52000000</valUSD>
        <pctVal>0.853042581197</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOSOH CORP ORD JPY NPV</name>
        <lei>529900YSLFVJF2MDBX02</lei>
        <title>TOSOH CORP ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3595200001"/>
          <other otherDesc="Internal Identifier" value="300074"/>
        </identifiers>
        <balance>389100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.76500000"/>
        <valUSD>4450165.05000000</valUSD>
        <pctVal>0.459395084526</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>AP MOELLER - MAERSK A/S ORD B DKK1000</name>
        <lei>549300D2K6PKKKXVNN73</lei>
        <title>AP MOELLER - MAERSK A/S ORD B DKK1000</title>
        <cusip>K0514G101</cusip>
        <identifiers>
          <ticker value="MAERSKB"/>
          <other otherDesc="Internal Identifier" value="198885"/>
        </identifiers>
        <balance>5208.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.75710000"/>
        <valUSD>4615333.28000000</valUSD>
        <pctVal>0.476445569650</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>DEUTSCHE LUFTHANSA AG ORD EUR NPV</name>
        <lei>529900PH63HYJ86ASW55</lei>
        <title>DEUTSCHE LUFTHANSA AG ORD EUR NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0008232125"/>
          <other otherDesc="Internal Identifier" value="358312"/>
        </identifiers>
        <balance>842228.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90489550"/>
        <valUSD>7875335.13000000</valUSD>
        <pctVal>0.812978891136</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="7564830.88255500"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO MITSUI FINANCIAL GROUP INC ORD JPY NPV</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMITOMO MITSUI FINANCIAL GROUP INC ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3890350006"/>
          <other otherDesc="Internal Identifier" value="263172"/>
        </identifiers>
        <balance>548600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.76500000"/>
        <valUSD>13380238.97000000</valUSD>
        <pctVal>1.381255738506</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>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ORD TWD10</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ORD TWD10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0002330008"/>
          <other otherDesc="Internal Identifier" value="47226"/>
        </identifiers>
        <balance>2587000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="TWD" exchangeRt="30.29300000"/>
        <valUSD>23261671.88000000</valUSD>
        <pctVal>2.401326152958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON TELEVISION HOLDINGS INC ORD JPY NPV</name>
        <lei>N/A</lei>
        <title>NIPPON TELEVISION HOLDINGS INC ORD JPY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3732200005"/>
          <other otherDesc="Internal Identifier" value="47339"/>
        </identifiers>
        <balance>338900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="107.76500000"/>
        <valUSD>3797243.01000000</valUSD>
        <pctVal>0.391993275293</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>CK HUTCHISON HOLDINGS LTD ORD HKD1</name>
        <lei>254900Z8HM1VEPOQ2G79</lei>
        <title>CK HUTCHISON HOLDINGS LTD ORD HKD1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG217651051"/>
          <other otherDesc="Internal Identifier" value="599595"/>
        </identifiers>
        <balance>3873500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.75440000"/>
        <valUSD>26130942.32000000</valUSD>
        <pctVal>2.697523871808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of Ireland Group PLC ORD EUR NPV</name>
        <lei>635400C8EK6DRI12LJ39</lei>
        <title>Bank of Ireland Group PLC ORD EUR NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00BD1RP616"/>
          <other otherDesc="Internal Identifier" value="811063"/>
        </identifiers>
        <balance>2346131.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90489550"/>
        <valUSD>4372161.54000000</valUSD>
        <pctVal>0.451342702498</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>
    </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>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
