<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0000889284</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>

      <seriesClassInfo>
        <seriesId>S000047433</seriesId>
        <classId>C000199535</classId>
        <classId>C000148910</classId>
        <classId>C000148909</classId>
        <classId>C000148908</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>Sterling Capital Funds</regName>
      <regFileNumber>811-06719</regFileNumber>
      <regCik>0000889284</regCik>
      <regLei>54930017VPAACVI5ZX74</regLei>
      <regStreet1>434 Fayetteville St</regStreet1>
      <regStreet2>Suite 500</regStreet2>
      <regCity>Raleigh</regCity>
      <regStateConditional regCountry="US" regState="US-NC"/>
      <regZipOrPostalCode>27601</regZipOrPostalCode>
      <regPhone>800-228-1872</regPhone>
      <seriesName>Sterling Capital Behavioral International Equity</seriesName>
      <seriesId>S000047433</seriesId>
      <seriesLei>549300OJI06JGL750I66</seriesLei>
      <repPdEnd>2025-09-30</repPdEnd>
      <repPdDate>2024-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>125878973.18</totAssets>
      <totLiabs>109121.66</totLiabs>
      <netAssets>125769851.52</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>185846.18</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000148910" rtn1="-4.32327000" rtn2="-0.39295480" rtn3="-1.05762660"/>
          <monthlyTotReturn classId="C000148908" rtn1="-9.84040750" rtn2="-6.11678080" rtn3="-6.81665320"/>
          <monthlyTotReturn classId="C000199535" rtn1="-4.31926270" rtn2="-0.39256900" rtn3="-1.09091180"/>
          <monthlyTotReturn classId="C000148909" rtn1="-5.28407868" rtn2="-1.48674261" rtn3="-2.22119906"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="0.00000000" netUnrealizedAppr="-5724053.57000000"/>
        <othMon2 netRealizedGain="0.00000000" netUnrealizedAppr="-829967.25000000"/>
        <othMon3 netRealizedGain="-13068.33000000" netUnrealizedAppr="-2226537.23000000"/>
      </returnInfo>
      <mon1Flow redemption="0.00000000" reinvestment="0.00000000" sales="156.28000000"/>
      <mon2Flow redemption="5414.51000000" reinvestment="0.00000000" sales="143.30000000"/>
      <mon3Flow redemption="605823.54000000" reinvestment="5238899.91000000" sales="0.00000000"/>

    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Idemitsu Kosan Co.,Ltd.</name>
        <lei>549300P0R46FF6DUA630</lei>
        <title>Idemitsu Kosan Co. Ltd. </title>
        <cusip>J2388K103</cusip>
        <identifiers>
          <isin value="JP3142500002"/>
        </identifiers>
        <balance>189800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1249041.32000000</valUSD>
        <pctVal>0.993116637178</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>Origin Energy Ltd.</name>
        <lei>ZSN2LWNPYW6ISMRUC664</lei>
        <title>Origin Energy Ltd. </title>
        <cusip>Q71610101</cusip>
        <identifiers>
          <isin value="AU000000ORG5"/>
        </identifiers>
        <balance>187544.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.61570000"/>
        <valUSD>1265228.45000000</valUSD>
        <pctVal>1.005987074572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Electron Ltd.</name>
        <lei>549300H5LSF8DP3RIJ34</lei>
        <title>Tokyo Electron Ltd. </title>
        <cusip>J86957115</cusip>
        <identifiers>
          <isin value="JP3571400005"/>
        </identifiers>
        <balance>3500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>537953.37000000</valUSD>
        <pctVal>0.427728397146</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>Nippon Yusen Kabushiki Kaisha</name>
        <lei>353800YPW4XM0ZN5I149</lei>
        <title>Nippon Yusen KK </title>
        <cusip>J56515232</cusip>
        <identifiers>
          <isin value="JP3753000003"/>
        </identifiers>
        <balance>39600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1327038.28000000</valUSD>
        <pctVal>1.055132262590</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>Central Japan Railway Co.</name>
        <lei>353800YAR3OVUITHTG64</lei>
        <title> Central Japan Railway Co.</title>
        <cusip>J05523105</cusip>
        <identifiers>
          <isin value="JP3566800003"/>
        </identifiers>
        <balance>14500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>273226.74000000</valUSD>
        <pctVal>0.217243430518</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>Kawasaki Kisen Kaisha Ltd.</name>
        <lei>353800FL04R73DS5P870</lei>
        <title>Kawasaki Kisen Kaisha Ltd. </title>
        <cusip>J31588148</cusip>
        <identifiers>
          <isin value="JP3223800008"/>
        </identifiers>
        <balance>78300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1121869.90000000</valUSD>
        <pctVal>0.892002245722</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>Compagnie de Saint-Gobain SA</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
        <title>Cie de Saint-Gobain </title>
        <cusip>F80343100</cusip>
        <identifiers>
          <isin value="FR0000125007"/>
        </identifiers>
        <balance>18760.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1665525.74000000</valUSD>
        <pctVal>1.324264694496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canal Plus SA</name>
        <lei>9695000537F9F73BXN18</lei>
        <title>Canal+ SADIR </title>
        <cusip>F1R42L106</cusip>
        <identifiers>
          <isin value="FR001400T0D6"/>
        </identifiers>
        <balance>104000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79874000"/>
        <valUSD>264316.30000000</valUSD>
        <pctVal>0.210158711969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>British American Tobacco PLC</name>
        <lei>213800FKA5MF17RJKT63</lei>
        <title>British American Tobacco PLC </title>
        <cusip>G1510J102</cusip>
        <identifiers>
          <isin value="GB0002875804"/>
        </identifiers>
        <balance>50904.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79874000"/>
        <valUSD>1835434.81000000</valUSD>
        <pctVal>1.459359924352</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>Teva Pharmaceutical Industries Ltd.</name>
        <lei>549300BAFGM4RC74ZJ94</lei>
        <title>Teva Pharmaceutical Industries Ltd. </title>
        <cusip>881624209</cusip>
        <identifiers>
          <isin value="US8816242098"/>
        </identifiers>
        <balance>78886.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1738647.44000000</valUSD>
        <pctVal>1.382403985523</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UniCredit S.p.A.</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UniCredit SpA </title>
        <cusip>T9T23L642</cusip>
        <identifiers>
          <isin value="IT0005239360"/>
        </identifiers>
        <balance>41854.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1670387.81000000</valUSD>
        <pctVal>1.328130541471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Next PLC</name>
        <lei>213800WQD8ECPZP9PH98</lei>
        <title>Next PLC </title>
        <cusip>G6500M106</cusip>
        <identifiers>
          <isin value="GB0032089863"/>
        </identifiers>
        <balance>10766.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79874000"/>
        <valUSD>1280209.68000000</valUSD>
        <pctVal>1.017898697126</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>ANZ Group Holdings Ltd.</name>
        <lei>9845005D9C6BAA10BK72</lei>
        <title>Australia and New Zealand Banking Group Ltd. </title>
        <cusip>Q0429F119</cusip>
        <identifiers>
          <isin value="AU000000ANZ3"/>
        </identifiers>
        <balance>80585.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.61570000"/>
        <valUSD>1423467.17000000</valUSD>
        <pctVal>1.131803172856</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>Deutsche Bank AG </title>
        <cusip>D18190898</cusip>
        <identifiers>
          <isin value="DE0005140008"/>
        </identifiers>
        <balance>86993.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1499599.63000000</valUSD>
        <pctVal>1.192336328521</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>Intesa Sanpaolo S.p.A.</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo SpA </title>
        <cusip>T55067101</cusip>
        <identifiers>
          <isin value="IT0000072618"/>
        </identifiers>
        <balance>426996.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1708780.22000000</valUSD>
        <pctVal>1.358656466035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Subaru Corp.</name>
        <lei>549300N244BVAEE6HH86</lei>
        <title>Subaru Corp </title>
        <cusip>J7676H100</cusip>
        <identifiers>
          <isin value="JP3814800003"/>
        </identifiers>
        <balance>53100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>951980.60000000</valUSD>
        <pctVal>0.756922735055</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>Royal Philips NV</name>
        <lei>H1FJE8H61JGM1JSGM897</lei>
        <title>Koninklijke Philips NV </title>
        <cusip>N7637U112</cusip>
        <identifiers>
          <isin value="NL0000009538"/>
        </identifiers>
        <balance>42370.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1070991.40000000</valUSD>
        <pctVal>0.851548592175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NN Group N.V.</name>
        <lei>724500OHYNDT9OY6Q215</lei>
        <title>NN Group NV </title>
        <cusip>N64038107</cusip>
        <identifiers>
          <isin value="NL0010773842"/>
        </identifiers>
        <balance>28712.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1251335.17000000</valUSD>
        <pctVal>0.994940484445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Traton SE</name>
        <lei>529900UIMQRKPFN6SV80</lei>
        <title>Traton SE </title>
        <cusip>D8T4KC101</cusip>
        <identifiers>
          <isin value="DE000TRAT0N7"/>
        </identifiers>
        <balance>30081.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>870987.21000000</valUSD>
        <pctVal>0.692524638833</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>OMV AG</name>
        <lei>549300V62YJ9HTLRI486</lei>
        <title>OMV AG </title>
        <cusip>A51460110</cusip>
        <identifiers>
          <isin value="AT0000743059"/>
        </identifiers>
        <balance>18586.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>718948.76000000</valUSD>
        <pctVal>0.571638394504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITOCHU Corp.</name>
        <lei>J48DJYXDTLHM30UMYI18</lei>
        <title>ITOCHU Corp. </title>
        <cusip>J2501P104</cusip>
        <identifiers>
          <isin value="JP3143600009"/>
        </identifiers>
        <balance>35147.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1749409.31000000</valUSD>
        <pctVal>1.390960781822</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>Amundi SA</name>
        <lei>96950010FL2T1TJKR531</lei>
        <title>Amundi SA </title>
        <cusip>F0300Q103</cusip>
        <identifiers>
          <isin value="FR0004125920"/>
        </identifiers>
        <balance>16820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1118661.56000000</valUSD>
        <pctVal>0.889451284612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marubeni Corp.</name>
        <lei>4P4N3ORD02UGQT1T1W12</lei>
        <title>Marubeni Corp. </title>
        <cusip>J39788138</cusip>
        <identifiers>
          <isin value="JP3877600001"/>
        </identifiers>
        <balance>70065.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1065328.55000000</valUSD>
        <pctVal>0.847046042533</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>Compagnie Financiere Richemont Sa</name>
        <lei>549300YIPGJ6UX2QPS51</lei>
        <title>Cie Financiere Richemont SA </title>
        <cusip>H25662182</cusip>
        <identifiers>
          <isin value="CH0210483332"/>
        </identifiers>
        <balance>7326.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.90739000"/>
        <valUSD>1113364.04000000</valUSD>
        <pctVal>0.885239209989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Caixabank S.A.</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
        <title>CaixBank SA </title>
        <cusip>E2427M123</cusip>
        <identifiers>
          <isin value="ES0140609019"/>
        </identifiers>
        <balance>232183.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1259411.78000000</valUSD>
        <pctVal>1.001362222169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bayer AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>Bayer AG </title>
        <cusip>D0712D163</cusip>
        <identifiers>
          <isin value="DE000BAY0017"/>
        </identifiers>
        <balance>45934.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>919060.69000000</valUSD>
        <pctVal>0.730748012256</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>Henkel AG &amp; Co. KGaA</name>
        <lei>549300VZCL1HTH4O4Y49</lei>
        <title>Henkel AG &amp; Co. KGaA </title>
        <cusip>D3207M110</cusip>
        <identifiers>
          <isin value="DE0006048432"/>
        </identifiers>
        <balance>14276.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1252643.94000000</valUSD>
        <pctVal>0.995981091542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STMicroelectronics N.V.</name>
        <lei>213800Z8NOHIKRI42W10</lei>
        <title>STMicroelectronics NV </title>
        <cusip>N83574108</cusip>
        <identifiers>
          <isin value="NL0000226223"/>
        </identifiers>
        <balance>43945.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1105112.28000000</valUSD>
        <pctVal>0.878678209955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tesco PLC</name>
        <lei>2138002P5RNKC5W2JZ46</lei>
        <title>Tesco PLC </title>
        <cusip>G8T67X102</cusip>
        <identifiers>
          <isin value="GB00BLGZ9862"/>
        </identifiers>
        <balance>337868.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79874000"/>
        <valUSD>1557913.51000000</valUSD>
        <pctVal>1.238701875824</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>Koninklijke Ahold Delhaize NV</name>
        <lei>724500C9GNBV20UYRX36</lei>
        <title>Koninklijke Ahold Delhaize NV </title>
        <cusip>N0074E105</cusip>
        <identifiers>
          <isin value="NL0011794037"/>
        </identifiers>
        <balance>25041.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>816887.07000000</valUSD>
        <pctVal>0.649509449305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JFE Holdings, Inc.</name>
        <lei>3538002Y11Y03NA9B530</lei>
        <title>JFE Holdings Inc. </title>
        <cusip>J2817M100</cusip>
        <identifiers>
          <isin value="JP3386030005"/>
        </identifiers>
        <balance>79000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>893419.81000000</valUSD>
        <pctVal>0.710360868842</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>Telefonaktiebolaget LM Ericsson (publ)</name>
        <lei>549300W9JLPW15XIFM52</lei>
        <title>Telefonaktiebolaget LM Ericsson </title>
        <cusip>W26049119</cusip>
        <identifiers>
          <isin value="SE0000108656"/>
        </identifiers>
        <balance>172175.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="11.06394000"/>
        <valUSD>1398696.03000000</valUSD>
        <pctVal>1.112107562421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ONO Pharmaceutical Co Ltd</name>
        <lei>529900G26L4NG4GFJZ86</lei>
        <title>Ono Pharmaceutical Co Ltd. </title>
        <cusip>J61546115</cusip>
        <identifiers>
          <isin value="JP3197600004"/>
        </identifiers>
        <balance>79900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>829969.62000000</valUSD>
        <pctVal>0.659911425488</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>Ipsen SA</name>
        <lei>549300M6SGDPB4Z94P11</lei>
        <title>Ipsen SA </title>
        <cusip>F5362H107</cusip>
        <identifiers>
          <isin value="FR0010259150"/>
        </identifiers>
        <balance>9475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1086587.07000000</valUSD>
        <pctVal>0.863948757884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CK Hutchison Holdings Ltd.</name>
        <lei>254900Z8HM1VEPOQ2G79</lei>
        <title>CK Hutchingson Holdings Ltd. </title>
        <cusip>G21765105</cusip>
        <identifiers>
          <isin value="KYG217651051"/>
        </identifiers>
        <balance>247340.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76665000"/>
        <valUSD>1321626.44000000</valUSD>
        <pctVal>1.050829291779</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>Credit Agricole S.A.</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>Credit Agricole SA </title>
        <cusip>F22797108</cusip>
        <identifiers>
          <isin value="FR0000045072"/>
        </identifiers>
        <balance>52574.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>723825.19000000</valUSD>
        <pctVal>0.575515659160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federated Hermes Money Market Obligations Trust</name>
        <lei>25490005VWJDWX717014</lei>
        <title>Federated Hermes Treasury Oligations Fund </title>
        <cusip>31423R500</cusip>
        <identifiers>
          <isin value="US31423R5000"/>
        </identifiers>
        <balance>3658284.29000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3658284.29000000</valUSD>
        <pctVal>2.908713213689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Electric Industries Ltd.</name>
        <lei>5493005SP87FL5TOS202</lei>
        <title>Sumitomo Electric Industries Ltd </title>
        <cusip>J77411114</cusip>
        <identifiers>
          <isin value="JP3407400005"/>
        </identifiers>
        <balance>73200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1327453.91000000</valUSD>
        <pctVal>1.055462731296</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>Carlsberg A/S</name>
        <lei>5299001O0WJQYB5GYZ19</lei>
        <title>Carlsberg A/S </title>
        <cusip>K36628137</cusip>
        <identifiers>
          <isin value="DK0010181759"/>
        </identifiers>
        <balance>10101.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="7.19917000"/>
        <valUSD>968124.10000000</valUSD>
        <pctVal>0.769758482100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Bilbao Vizcaya Argentaria SA</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>Banco Bilbao Vizcaya Argentaria SA </title>
        <cusip>E11805103</cusip>
        <identifiers>
          <isin value="ES0113211835"/>
        </identifiers>
        <balance>150295.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1471654.76000000</valUSD>
        <pctVal>1.170117275495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Computershare Ltd.</name>
        <lei>N/A</lei>
        <title>Computershare Ltd. </title>
        <cusip>Q2721E105</cusip>
        <identifiers>
          <isin value="AU000000CPU5"/>
        </identifiers>
        <balance>45301.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.61570000"/>
        <valUSD>951890.17000000</valUSD>
        <pctVal>0.756850833880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Axa SA</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
        <title>AXA SA </title>
        <cusip>F06106102</cusip>
        <identifiers>
          <isin value="FR0000120628"/>
        </identifiers>
        <balance>45928.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1632910.97000000</valUSD>
        <pctVal>1.298332589460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Chemical Group Corp.</name>
        <lei>353800YNKX4RQUGAR072</lei>
        <title>Mitsubishi Chemical Group Corp </title>
        <cusip>J44046100</cusip>
        <identifiers>
          <isin value="JP3897700005"/>
        </identifiers>
        <balance>185100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>940727.86000000</valUSD>
        <pctVal>0.747975646492</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>Inpex Corp.</name>
        <lei>353800VHYYADPR6MXQ47</lei>
        <title>Inpex Corp. </title>
        <cusip>J2467E101</cusip>
        <identifiers>
          <isin value="JP3294460005"/>
        </identifiers>
        <balance>80800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1011855.02000000</valUSD>
        <pctVal>0.804529072564</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>Louis Hachette Group</name>
        <lei>969500CV8XQ2XKU2DO25</lei>
        <title>Louis Hachette Group </title>
        <cusip>F5899T103</cusip>
        <identifiers>
          <isin value="FR001400TL40"/>
        </identifiers>
        <balance>104000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>162685.18000000</valUSD>
        <pctVal>0.129351492455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortum Oyj</name>
        <lei>635400IUIZZIUJSAMF76</lei>
        <title>Fortum Oyj </title>
        <cusip>X2978Z118</cusip>
        <identifiers>
          <isin value="FI0009007132"/>
        </identifiers>
        <balance>30505.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>427095.29000000</valUSD>
        <pctVal>0.339584793047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Renesas Electronics Corp.</name>
        <lei>5299000EPC47VJQOFB81</lei>
        <title>Renesas Electronics Corp </title>
        <cusip>J4881V107</cusip>
        <identifiers>
          <isin value="JP3164720009"/>
        </identifiers>
        <balance>87314.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1135601.94000000</valUSD>
        <pctVal>0.902920633423</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>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie SA </title>
        <cusip>F7629A107</cusip>
        <identifiers>
          <isin value="FR0010208488"/>
        </identifiers>
        <balance>72763.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1154046.96000000</valUSD>
        <pctVal>0.917586326176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vodafone Group PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>Vodafone Group PLC </title>
        <cusip>G93882192</cusip>
        <identifiers>
          <isin value="GB00BH4HKS39"/>
        </identifiers>
        <balance>1394274.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79874000"/>
        <valUSD>1192239.20000000</valUSD>
        <pctVal>0.947953094951</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>Azrieli Group</name>
        <lei>N/A</lei>
        <title>Azrieli Group Ltd </title>
        <cusip>M1571Q105</cusip>
        <identifiers>
          <isin value="IL0011194789"/>
        </identifiers>
        <balance>14525.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.63720000"/>
        <valUSD>1201631.06000000</valUSD>
        <pctVal>0.955420592039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shell PLC</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>Shell PLC </title>
        <cusip>G80827101</cusip>
        <identifiers>
          <isin value="GB00BP6MXD84"/>
        </identifiers>
        <balance>56200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79874000"/>
        <valUSD>1742133.86000000</valUSD>
        <pctVal>1.385176048906</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>Vivendi SE</name>
        <lei>969500FU4DRAEVJW7U54</lei>
        <title>Vivendi SA </title>
        <cusip>F97982106</cusip>
        <identifiers>
          <isin value="FR0000127771"/>
        </identifiers>
        <balance>104000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>277211.23000000</valUSD>
        <pctVal>0.220411510906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Julius Baer Gruppe AG</name>
        <lei>5299007MF0604ZGJER92</lei>
        <title> JULIUS BAER GROUP</title>
        <cusip>H4414N103</cusip>
        <identifiers>
          <isin value="CH0102484968"/>
        </identifiers>
        <balance>21650.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.90739000"/>
        <valUSD>1399606.56000000</valUSD>
        <pctVal>1.112831527655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyota Tsusho Corp.</name>
        <lei>549300CEE2ENIUJNXB84</lei>
        <title>Toyota Tsusho Corp. </title>
        <cusip>J92719111</cusip>
        <identifiers>
          <isin value="JP3635000007"/>
        </identifiers>
        <balance>60400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1085542.51000000</valUSD>
        <pctVal>0.863118224980</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>Mercedes-Benz Group AG</name>
        <lei>529900R27DL06UVNT076</lei>
        <title>Mercedes-Benz Group AG </title>
        <cusip>D1668R123</cusip>
        <identifiers>
          <isin value="DE0007100000"/>
        </identifiers>
        <balance>24525.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1366875.58000000</valUSD>
        <pctVal>1.086807023686</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>Holcim AG</name>
        <lei>529900EHPFPYHV6IQO98</lei>
        <title>Holcim Ltd. </title>
        <cusip>H3816Q102</cusip>
        <identifiers>
          <isin value="CH0012214059"/>
        </identifiers>
        <balance>18070.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.90739000"/>
        <valUSD>1739709.72000000</valUSD>
        <pctVal>1.383248607654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Check Point Software Technologies Ltd.</name>
        <lei>2549003ZVBH73EPNS513</lei>
        <title>Check Point Software Technologies Ltd. </title>
        <cusip>M22465104</cusip>
        <identifiers>
          <isin value="IL0010824113"/>
        </identifiers>
        <balance>4667.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>871328.90000000</valUSD>
        <pctVal>0.692796317614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Tobacco Inc</name>
        <lei>353800Z0ENYBQO0XRJ31</lei>
        <title>Japan Tobacco, Inc. </title>
        <cusip>J27869106</cusip>
        <identifiers>
          <isin value="JP3726800000"/>
        </identifiers>
        <balance>23500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>609338.36000000</valUSD>
        <pctVal>0.484486824652</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>Eneos Holdings Inc</name>
        <lei>3538001KQ5SAOZSQTT44</lei>
        <title>ENEOS Holdings, Inc. </title>
        <cusip>J29699105</cusip>
        <identifiers>
          <isin value="JP3386450005"/>
        </identifiers>
        <balance>268200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1408403.25000000</valUSD>
        <pctVal>1.119825803226</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>Westpac Banking Corp.</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corp. </title>
        <cusip>Q97417101</cusip>
        <identifiers>
          <isin value="AU000000WBC1"/>
        </identifiers>
        <balance>78369.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.61570000"/>
        <valUSD>1567671.03000000</valUSD>
        <pctVal>1.246460110315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singapore Airlines Ltd.</name>
        <lei>549300ZG62N2599PWR15</lei>
        <title>Singapore Airlines Ltd </title>
        <cusip>Y7992P128</cusip>
        <identifiers>
          <isin value="SG1V61937297"/>
        </identifiers>
        <balance>210600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36571000"/>
        <valUSD>993083.45000000</valUSD>
        <pctVal>0.789603738891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Komatsu Ltd.</name>
        <lei>5493004LQ0B4T7QPQV17</lei>
        <title>Komatsu Ltd. </title>
        <cusip>J35759125</cusip>
        <identifiers>
          <isin value="JP3304200003"/>
        </identifiers>
        <balance>49500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1368437.44000000</valUSD>
        <pctVal>1.088048863429</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>Imperial Brands PLC</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>Imperial Brands PLC </title>
        <cusip>G4720C107</cusip>
        <identifiers>
          <isin value="GB0004544929"/>
        </identifiers>
        <balance>49175.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79874000"/>
        <valUSD>1571772.73000000</valUSD>
        <pctVal>1.249721384739</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>DISCO Corp.</name>
        <lei>N/A</lei>
        <title>Disco Corp </title>
        <cusip>J12327102</cusip>
        <identifiers>
          <isin value="JP3548600000"/>
        </identifiers>
        <balance>500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>135779.25000000</valUSD>
        <pctVal>0.107958503853</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>Henderson Land Development Co Ltd.</name>
        <lei>529900SYQB7IVR9QGN76</lei>
        <title>Henderson Land Development Co. Ltd. </title>
        <cusip>Y31476107</cusip>
        <identifiers>
          <isin value="HK0012000102"/>
        </identifiers>
        <balance>382552.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76665000"/>
        <valUSD>1162435.18000000</valUSD>
        <pctVal>0.924255825980</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>Suzuki Motor Corp.</name>
        <lei>353800D83H0V3ZV1SV24</lei>
        <title>Suzuki Motor Corp. </title>
        <cusip>J78529138</cusip>
        <identifiers>
          <isin value="JP3397200001"/>
        </identifiers>
        <balance>18700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>212728.23000000</valUSD>
        <pctVal>0.169140877109</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>GSK plc</name>
        <lei>5493000HZTVUYLO1D793</lei>
        <title>GSK PLC </title>
        <cusip>G3910J179</cusip>
        <identifiers>
          <isin value="GB00BN7SWP63"/>
        </identifiers>
        <balance>81692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79874000"/>
        <valUSD>1377147.48000000</valUSD>
        <pctVal>1.094974243315</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>Aviva PLC</name>
        <lei>YF0Y5B0IB8SM0ZFG9G81</lei>
        <title>Aviva PLC </title>
        <cusip>G0683Q158</cusip>
        <identifiers>
          <isin value="GB00BPQY8M80"/>
        </identifiers>
        <balance>195775.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79874000"/>
        <valUSD>1149051.26000000</valUSD>
        <pctVal>0.913614229573</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>Fortescue Ltd.</name>
        <lei>529900VEJFORCO6I4826</lei>
        <title>Fortescue Metals Group Ltd. </title>
        <cusip>Q39360104</cusip>
        <identifiers>
          <isin value="AU000000FMG4"/>
        </identifiers>
        <balance>108712.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.61570000"/>
        <valUSD>1227947.02000000</valUSD>
        <pctVal>0.976344493660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ageas SA/NV</name>
        <lei>5493005DJBML6LY3RV36</lei>
        <title>Ageas SA/NV </title>
        <cusip>B0148L138</cusip>
        <identifiers>
          <isin value="BE0974264930"/>
        </identifiers>
        <balance>25959.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1261242.20000000</valUSD>
        <pctVal>1.002817594802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jardine Cycle &amp; Carriage Ltd.</name>
        <lei>254900WEP6OCEXFWML09</lei>
        <title>Jardine Cycle &amp; Carriage Ltd. </title>
        <cusip>Y43703100</cusip>
        <identifiers>
          <isin value="SG1B51001017"/>
        </identifiers>
        <balance>51000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.36571000"/>
        <valUSD>1057933.24000000</valUSD>
        <pctVal>0.841166008557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swedbank AB (publ)</name>
        <lei>M312WZV08Y7LYUC71685</lei>
        <title>Swedbank SB </title>
        <cusip>W94232100</cusip>
        <identifiers>
          <isin value="SE0000242455"/>
        </identifiers>
        <balance>59014.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="11.06394000"/>
        <valUSD>1164391.37000000</valUSD>
        <pctVal>0.925811198731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telefonica, S.A.</name>
        <lei>549300EEJH4FEPDBBR25</lei>
        <title> Telefonica, S.A.</title>
        <cusip>879382109</cusip>
        <identifiers>
          <isin value="ES0178430E18"/>
        </identifiers>
        <balance>207657.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>846934.23000000</valUSD>
        <pctVal>0.673400039647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank NV </title>
        <cusip>N0162C102</cusip>
        <identifiers>
          <isin value="NL0011540547"/>
        </identifiers>
        <balance>67443.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1040325.57000000</valUSD>
        <pctVal>0.827166095393</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Steel Corp.</name>
        <lei>35380065QWQ4U2V3PA33</lei>
        <title>Nippon Steel Corp. </title>
        <cusip>J55678106</cusip>
        <identifiers>
          <isin value="JP3381000003"/>
        </identifiers>
        <balance>19700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>398379.42000000</valUSD>
        <pctVal>0.316752715523</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>Pandora A/S</name>
        <lei>5299007OWYZ6I1E46843</lei>
        <title>Pandora A/S </title>
        <cusip>K7681L102</cusip>
        <identifiers>
          <isin value="DK0060252690"/>
        </identifiers>
        <balance>6946.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="7.19917000"/>
        <valUSD>1270685.65000000</valUSD>
        <pctVal>1.010326111260</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Poste Italiane S.p.A.</name>
        <lei>815600354DEDBD0BA991</lei>
        <title>Poste Italiane SpA </title>
        <cusip>T7S697106</cusip>
        <identifiers>
          <isin value="IT0003796171"/>
        </identifiers>
        <balance>87393.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1233080.56000000</valUSD>
        <pctVal>0.980426187275</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Securitas AB</name>
        <lei>635400TTYKE8EIWDS617</lei>
        <title>Securitas AB </title>
        <cusip>W7912C118</cusip>
        <identifiers>
          <isin value="SE0000163594"/>
        </identifiers>
        <balance>104736.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="11.06394000"/>
        <valUSD>1295954.10000000</valUSD>
        <pctVal>1.030417134422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Erste Group Bank AG</name>
        <lei>PQOH26KWDF7CG10L6792</lei>
        <title>Erste Group Bank AG </title>
        <cusip>A19494102</cusip>
        <identifiers>
          <isin value="AT0000652011"/>
        </identifiers>
        <balance>23550.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1455498.81000000</valUSD>
        <pctVal>1.157271629416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Isuzu Motors Ltd.</name>
        <lei>529900C0QSXVCC7AR494</lei>
        <title>Isuzu Motors Ltd </title>
        <cusip>J24994113</cusip>
        <identifiers>
          <isin value="JP3137200006"/>
        </identifiers>
        <balance>83200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1141315.91000000</valUSD>
        <pctVal>0.907463828736</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>Shionogi &amp; Co Ltd.</name>
        <lei>35380049VXDTHZI3DY35</lei>
        <title>Shionogi &amp; Co Ltd </title>
        <cusip>J74229105</cusip>
        <identifiers>
          <isin value="JP3347200002"/>
        </identifiers>
        <balance>89700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1264970.04000000</valUSD>
        <pctVal>1.005781611977</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>Makita Electric Works Ltd</name>
        <lei>529900CDR9E94BCM6294</lei>
        <title>Makita Corp. </title>
        <cusip>J39584107</cusip>
        <identifiers>
          <isin value="JP3862400003"/>
        </identifiers>
        <balance>36700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1129564.48000000</valUSD>
        <pctVal>0.898120230205</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>Mitsui &amp; Co Ltd.</name>
        <lei>2NRSB4GOU9DD6CNW5R48</lei>
        <title> MITSUI &amp; CO</title>
        <cusip>J44690139</cusip>
        <identifiers>
          <isin value="JP3893600001"/>
        </identifiers>
        <balance>72546.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1526522.27000000</valUSD>
        <pctVal>1.213742603295</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>Orange S.A.</name>
        <lei>969500MCOONR8990S771</lei>
        <title>Orange SA </title>
        <cusip>F6866T100</cusip>
        <identifiers>
          <isin value="FR0000133308"/>
        </identifiers>
        <balance>70912.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>707283.48000000</valUSD>
        <pctVal>0.562363294105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Solvay SA</name>
        <lei>549300MMVL80RTBP3O28</lei>
        <title>Solvay SA </title>
        <cusip>B82095116</cusip>
        <identifiers>
          <isin value="BE0003470755"/>
        </identifiers>
        <balance>31390.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1013272.97000000</valUSD>
        <pctVal>0.805656489018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas SA </title>
        <cusip>F1058Q238</cusip>
        <identifiers>
          <isin value="FR0000131104"/>
        </identifiers>
        <balance>3982.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>244290.94000000</valUSD>
        <pctVal>0.194236485968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carrefour S.A.</name>
        <lei>549300B8P6MUJ1YWTS08</lei>
        <title>Carrefour SA </title>
        <cusip>F13923119</cusip>
        <identifiers>
          <isin value="FR0000120172"/>
        </identifiers>
        <balance>27819.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>395685.14000000</valUSD>
        <pctVal>0.314610485118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG </title>
        <cusip>H5820Q150</cusip>
        <identifiers>
          <isin value="CH0012005267"/>
        </identifiers>
        <balance>27151.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.90739000"/>
        <valUSD>2654088.87000000</valUSD>
        <pctVal>2.110274312900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Havas NV</name>
        <lei>894500L53AVOFQK7T710</lei>
        <title>Havas BV </title>
        <cusip>N8T242104</cusip>
        <identifiers>
          <isin value="NL0015002AH0"/>
        </identifiers>
        <balance>104000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>174794.99000000</valUSD>
        <pctVal>0.138980040039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eiffage SA</name>
        <lei>969500OQXKE5WDM9M994</lei>
        <title>Eiffage Sa </title>
        <cusip>F2924U106</cusip>
        <identifiers>
          <isin value="FR0000130452"/>
        </identifiers>
        <balance>11912.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1045462.18000000</valUSD>
        <pctVal>0.831250229975</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>WPP PLC</name>
        <lei>549300LSGBXPYHXGDT93</lei>
        <title>WPP PLC </title>
        <cusip>G9788D103</cusip>
        <identifiers>
          <isin value="JE00B8KF9B49"/>
        </identifiers>
        <balance>121903.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79874000"/>
        <valUSD>1262770.64000000</valUSD>
        <pctVal>1.004032862199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Corp.</name>
        <lei>V82KK8NH1P0JS71FJC05</lei>
        <title>Sumitomo Corp </title>
        <cusip>J77282119</cusip>
        <identifiers>
          <isin value="JP3404600003"/>
        </identifiers>
        <balance>56285.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1226207.52000000</valUSD>
        <pctVal>0.974961411801</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>Danske Bank A/S</name>
        <lei>MAES062Z21O4RZ2U7M96</lei>
        <title>Danske Bank A/S </title>
        <cusip>K22272114</cusip>
        <identifiers>
          <isin value="DK0010274414"/>
        </identifiers>
        <balance>9540.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="7.19917000"/>
        <valUSD>269933.62000000</valUSD>
        <pctVal>0.214625060567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Telekom AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title> DEUTSCHE TELEKOM AG-REG</title>
        <cusip>D2035M136</cusip>
        <identifiers>
          <isin value="DE0005557508"/>
        </identifiers>
        <balance>69617.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>2083533.75000000</valUSD>
        <pctVal>1.656624162960</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>Renault S.A.</name>
        <lei>969500F7JLTX36OUI695</lei>
        <title>Renault SA </title>
        <cusip>F77098105</cusip>
        <identifiers>
          <isin value="FR0000131906"/>
        </identifiers>
        <balance>25212.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1228866.26000000</valUSD>
        <pctVal>0.977075384242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Essity AB</name>
        <lei>549300G8E6YUVJ1DA153</lei>
        <title>Essity AB </title>
        <cusip>W3R06F100</cusip>
        <identifiers>
          <isin value="SE0009922164"/>
        </identifiers>
        <balance>39929.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="11.06394000"/>
        <valUSD>1067161.00000000</valUSD>
        <pctVal>0.848503029225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>3i Group PLC</name>
        <lei>35GDVHRBMFE7NWATNM84</lei>
        <title>3i Group PLC </title>
        <cusip>G88473148</cusip>
        <identifiers>
          <isin value="GB00B1YW4409"/>
        </identifiers>
        <balance>31070.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.79874000"/>
        <valUSD>1386352.00000000</valUSD>
        <pctVal>1.102292785787</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>DnB Bank ASA</name>
        <lei>549300GKFG0RYRRQ1414</lei>
        <title>Dnb Bank Asa </title>
        <cusip>R1R15X100</cusip>
        <identifiers>
          <isin value="NO0010161896"/>
        </identifiers>
        <balance>43067.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="11.38450000"/>
        <valUSD>858351.47000000</valUSD>
        <pctVal>0.682477922670</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>Sodexo S.A.</name>
        <lei>969500LCBOG12HXPYM84</lei>
        <title>Sodexo SA </title>
        <cusip>F84941123</cusip>
        <identifiers>
          <isin value="FR0000121220"/>
        </identifiers>
        <balance>8222.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>677571.84000000</valUSD>
        <pctVal>0.538739476759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fresenius SE &amp; Co. KGaA</name>
        <lei>XDFJ0CYCOO1FXRFTQS51</lei>
        <title>Fresenius SE &amp; Co. KGaA </title>
        <cusip>D27348263</cusip>
        <identifiers>
          <isin value="DE0005785604"/>
        </identifiers>
        <balance>35863.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1246084.14000000</valUSD>
        <pctVal>0.990765374165</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>Panasonic Holdings Corp.</name>
        <lei>254900GE1G59KGWPHX32</lei>
        <title>Panasonic Holdings Corp </title>
        <cusip>J6354Y104</cusip>
        <identifiers>
          <isin value="JP3866800000"/>
        </identifiers>
        <balance>146800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1532830.42000000</valUSD>
        <pctVal>1.218758232974</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>Jardine Matheson Holdings Ltd.</name>
        <lei>2138009KENVUNWOLPK41</lei>
        <title>Jardine Matheson Holdings Ltd. </title>
        <cusip>G50736100</cusip>
        <identifiers>
          <isin value="BMG507361001"/>
        </identifiers>
        <balance>30600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1250316.00000000</valUSD>
        <pctVal>0.994130139210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capgemini SE</name>
        <lei>96950077L0TN7BAROX36</lei>
        <title>Capgemini SE </title>
        <cusip>F4973Q101</cusip>
        <identifiers>
          <isin value="FR0000125338"/>
        </identifiers>
        <balance>6555.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1073938.93000000</valUSD>
        <pctVal>0.853892182443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swiss Reinsurance Company Limited</name>
        <lei>529900PS9YW3YY29F326</lei>
        <title>Swiss Re AG </title>
        <cusip>H8431B109</cusip>
        <identifiers>
          <isin value="CH0126881561"/>
        </identifiers>
        <balance>10745.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.90739000"/>
        <valUSD>1553625.23000000</valUSD>
        <pctVal>1.235292251062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Otsuka Corp.</name>
        <lei>529900RG9DJ58J3UIE72</lei>
        <title>Otsuka Corp. </title>
        <cusip>J6243L115</cusip>
        <identifiers>
          <isin value="JP3188200004"/>
        </identifiers>
        <balance>7800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>178900.67000000</valUSD>
        <pctVal>0.142244478973</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>Roche Holding AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>Roche Holding AG </title>
        <cusip>H69293217</cusip>
        <identifiers>
          <isin value="CH0012032048"/>
        </identifiers>
        <balance>2915.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.90739000"/>
        <valUSD>820796.46000000</valUSD>
        <pctVal>0.652617817450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Otsuka Holdings Co Ltd.</name>
        <lei>N/A</lei>
        <title>Otsuka Holdings Co., Ltd. </title>
        <cusip>J63117105</cusip>
        <identifiers>
          <isin value="JP3188220002"/>
        </identifiers>
        <balance>15700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>858081.61000000</valUSD>
        <pctVal>0.682263356145</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>Heidelberg Materials AG</name>
        <lei>LZ2C6E0W5W7LQMX5ZI37</lei>
        <title>HeidelbergCement AG </title>
        <cusip>D31709104</cusip>
        <identifiers>
          <isin value="DE0006047004"/>
        </identifiers>
        <balance>13399.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>1655962.60000000</valUSD>
        <pctVal>1.316661012147</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>Asahi Kasei Corp.</name>
        <lei>353800GPI4Z3MGDGN142</lei>
        <title>Asahi Kasei Corp </title>
        <cusip>J0242P110</cusip>
        <identifiers>
          <isin value="JP3111200006"/>
        </identifiers>
        <balance>164000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="157.35100000"/>
        <valUSD>1138664.51000000</valUSD>
        <pctVal>0.905355692352</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>Sanofi</name>
        <lei>549300E9PC51EN656011</lei>
        <title>Sanofi </title>
        <cusip>F5548N101</cusip>
        <identifiers>
          <isin value="FR0000120578"/>
        </identifiers>
        <balance>9901.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.96530000"/>
        <valUSD>961483.21000000</valUSD>
        <pctVal>0.764478289812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-12-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Sterling Capital Funds</ncom:nameOfApplicant>
      <ncom:signature>Todd Miller</ncom:signature>
      <ncom:signerName>Todd Miller</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
