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      </invstOrSec>
      <invstOrSec>
        <name>ITOCHU Corp.</name>
        <lei>J48DJYXDTLHM30UMYI18</lei>
        <title>Itochu Corporation </title>
        <cusip>J2501P104</cusip>
        <identifiers>
          <isin value="JP3143600009"/>
        </identifiers>
        <balance>29700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.95400000"/>
        <valUSD>1379092.68000000</valUSD>
        <pctVal>1.232627587421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nintendo Co Ltd.</name>
        <lei>353800FEEXU6I9M0ZF27</lei>
        <title>Nintendo Company Ltd. </title>
        <cusip>J51699106</cusip>
        <identifiers>
          <isin value="JP3756600007"/>
        </identifiers>
        <balance>34700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.95400000"/>
        <valUSD>2359392.53000000</valUSD>
        <pctVal>2.108815719356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shin-Etsu Chemical Co Ltd.</name>
        <lei>353800PX8Q64N86H5W41</lei>
        <title>Shin-Etsu Chemical Company Ltd. </title>
        <cusip>J72810120</cusip>
        <identifiers>
          <isin value="JP3371200001"/>
        </identifiers>
        <balance>28400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="149.95400000"/>
        <valUSD>810593.36000000</valUSD>
        <pctVal>0.724505141827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S&amp;P Global Inc</name>
        <lei>Y6X4K52KMJMZE7I7MY94</lei>
        <title>S&amp;P Global, Inc. </title>
        <cusip>78409V104</cusip>
        <identifiers>
          <isin value="US78409V1044"/>
        </identifiers>
        <balance>6400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3251840.00000000</valUSD>
        <pctVal>2.906481741227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Simply Good Foods Company</name>
        <lei>N/A</lei>
        <title>Simply Good Foods Company (The) </title>
        <cusip>82900L102</cusip>
        <identifiers>
          <isin value="US82900L1026"/>
        </identifiers>
        <balance>46400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1600336.00000000</valUSD>
        <pctVal>1.430373992517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Semiconductor Manufacturing Co., Ltd.</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>Taiwan Semiconductor Manufacturing Company Ltd. ADR</title>
        <cusip>874039100</cusip>
        <identifiers>
          <isin value="US8740391003"/>
        </identifiers>
        <balance>21000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3486000.00000000</valUSD>
        <pctVal>3.115773023862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Edenred SA</name>
        <lei>9695006LOD5B2D7Y0N70</lei>
        <title>EDENRED </title>
        <cusip>F3192L109</cusip>
        <identifiers>
          <isin value="FR0010908533"/>
        </identifiers>
        <balance>70500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92410000"/>
        <valUSD>2292769.47000000</valUSD>
        <pctVal>2.049268291612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Greggs PLC</name>
        <lei>213800I71QMUFJ64IW20</lei>
        <title>GREGGS PLC </title>
        <cusip>G41076111</cusip>
        <identifiers>
          <isin value="GB00B63QSB39"/>
        </identifiers>
        <balance>47400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77405000"/>
        <valUSD>1070107.55000000</valUSD>
        <pctVal>0.956457899289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASML Holding N.V.</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML Holding N.V. </title>
        <cusip>N07059202</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
        </identifiers>
        <balance>2500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92410000"/>
        <valUSD>1655710.40000000</valUSD>
        <pctVal>1.479867412406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franchise Brands Plc</name>
        <lei>213800CFRX6CJ8LCKN37</lei>
        <title>Franchise Brands PLC </title>
        <cusip>G3656B109</cusip>
        <identifiers>
          <isin value="GB00BD6P7Y24"/>
        </identifiers>
        <balance>484063.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77405000"/>
        <valUSD>894270.51000000</valUSD>
        <pctVal>0.799295447818</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>Auto Partner Sa</name>
        <lei>259400NXH0FT0MF6PV21</lei>
        <title>Auto Partner SA </title>
        <cusip>X02685117</cusip>
        <identifiers>
          <isin value="PLATPRT00018"/>
        </identifiers>
        <balance>421719.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PLN" exchangeRt="3.87020000"/>
        <valUSD>1961382.36000000</valUSD>
        <pctVal>1.753075802285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mips AB</name>
        <lei>549300LZSA4S0L54VQ25</lei>
        <title>MIPS AB </title>
        <cusip>W5648N127</cusip>
        <identifiers>
          <isin value="SE0009216278"/>
        </identifiers>
        <balance>27800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="10.04817000"/>
        <valUSD>1067406.05000000</valUSD>
        <pctVal>0.954043309265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mader Group Limited</name>
        <lei>N/A</lei>
        <title>Mader Group Ltd </title>
        <cusip>Q57126106</cusip>
        <identifiers>
          <isin value="AU0000056269"/>
        </identifiers>
        <balance>298087.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.60000000"/>
        <valUSD>1134593.64000000</valUSD>
        <pctVal>1.014095311692</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>Edreams Odigeo SA</name>
        <lei>959800Y8LQ5MR2YZ4N96</lei>
        <title>eDreams ODIGEO S.A. </title>
        <cusip>L2841H108</cusip>
        <identifiers>
          <isin value="LU1048328220"/>
        </identifiers>
        <balance>329450.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92410000"/>
        <valUSD>2566865.06000000</valUSD>
        <pctVal>2.294253846771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>B&amp;M European Value Retail SA</name>
        <lei>213800UK7ZRLY2K1X530</lei>
        <title>B &amp; M European Value Retail SA </title>
        <cusip>L1175H106</cusip>
        <identifiers>
          <isin value="LU1072616219"/>
        </identifiers>
        <balance>444000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77405000"/>
        <valUSD>1499968.00000000</valUSD>
        <pctVal>1.340665470756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Inpost S.A</name>
        <lei>2221003M23QLERR89585</lei>
        <title>InPost S.A. </title>
        <cusip>L5125Z108</cusip>
        <identifiers>
          <isin value="LU2290522684"/>
        </identifiers>
        <balance>68000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.92410000"/>
        <valUSD>998756.71000000</valUSD>
        <pctVal>0.892684800464</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Secure Waste Infrastructure Corp.</name>
        <lei>549300EZKELHYBQO9X11</lei>
        <title>Secure Waste Infrastructure Company </title>
        <cusip>813921103</cusip>
        <identifiers>
          <isin value="CA8139211038"/>
        </identifiers>
        <balance>114150.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.43846000"/>
        <valUSD>1244297.37000000</valUSD>
        <pctVal>1.112148072033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sigmaroc Plc</name>
        <lei>213800Q3CJUERBGD1E44</lei>
        <title>Sigmaroc PLC </title>
        <cusip>G81267109</cusip>
        <identifiers>
          <isin value="GB00BYX5K988"/>
        </identifiers>
        <balance>1642239.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.77405000"/>
        <valUSD>1921074.87000000</valUSD>
        <pctVal>1.717049127012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Accenture PLC</name>
        <lei>5493000EWHDSR3MZWH98</lei>
        <title>Accenture plc Class A</title>
        <cusip>G1151C101</cusip>
        <identifiers>
          <isin value="IE00B4BNMY34"/>
        </identifiers>
        <balance>8400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2621136.00000000</valUSD>
        <pctVal>2.342760998472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coca-Cola Europacific Partners PLC</name>
        <lei>549300LTH67W4GWMRF57</lei>
        <title>Coca-Cola Europacific Partners plc </title>
        <cusip>G25839104</cusip>
        <identifiers>
          <isin value="GB00BDCPN049"/>
        </identifiers>
        <balance>30300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2637009.00000000</valUSD>
        <pctVal>2.356948223145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eaton Corporation PLC</name>
        <lei>549300VDIGTMXUNT7H71</lei>
        <title>Eaton Corporation plc </title>
        <cusip>G29183103</cusip>
        <identifiers>
          <isin value="IE00B8KQN827"/>
        </identifiers>
        <balance>15700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4267731.00000000</valUSD>
        <pctVal>3.814481102381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nu Holdings Ltd.</name>
        <lei>5493002DG1RHWK9W2X27</lei>
        <title>NU HOLDINGS </title>
        <cusip>G6683N103</cusip>
        <identifiers>
          <isin value="KYG6683N1034"/>
        </identifiers>
        <balance>184500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1889280.00000000</valUSD>
        <pctVal>1.688630997855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sapiens International Corporation N.V.</name>
        <lei>N/A</lei>
        <title>Sapiens International Corporation N.V. ADR</title>
        <cusip>G7T16G103</cusip>
        <identifiers>
          <isin value="KYG7T16G1039"/>
        </identifiers>
        <balance>74052.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2006068.68000000</valUSD>
        <pctVal>1.793016258508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sharkninja Inc.</name>
        <lei>N/A</lei>
        <title>SharkNinja Inc. </title>
        <cusip>G8068L108</cusip>
        <identifiers>
          <isin value="KYG8068L1086"/>
        </identifiers>
        <balance>50700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4228887.00000000</valUSD>
        <pctVal>3.779762488687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stoneco Ltd</name>
        <lei>549300O1A9LEF0XZCR35</lei>
        <title>StoneCo LTD-A -</title>
        <cusip>G85158106</cusip>
        <identifiers>
          <isin value="KYG851581069"/>
        </identifiers>
        <balance>276200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2894576.00000000</valUSD>
        <pctVal>2.587160589879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TE Connectivity PLC</name>
        <lei>6367003TB6K484NFHE54</lei>
        <title>TE Connectivity Ltd. </title>
        <cusip>G87052109</cusip>
        <identifiers>
          <isin value="IE000IVNQZ81"/>
        </identifiers>
        <balance>6800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>960976.00000000</valUSD>
        <pctVal>0.858916551170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alcon AG</name>
        <lei>549300LDT5AP8S0NBM78</lei>
        <title>Alcon, Inc. 0</title>
        <cusip>H01301128</cusip>
        <identifiers>
          <isin value="CH0432492467"/>
        </identifiers>
        <balance>25500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2420715.00000000</valUSD>
        <pctVal>2.163625500705</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>Chubb Ltd.</name>
        <lei>E0JAN6VLUDI1HITHT809</lei>
        <title>Chubb Ltd. </title>
        <cusip>H1467J104</cusip>
        <identifiers>
          <isin value="CH0044328745"/>
        </identifiers>
        <balance>8750.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2642412.50000000</valUSD>
        <pctVal>2.361777850091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stevanato Group S.p.A.</name>
        <lei>81560033F7E1CD477507</lei>
        <title>Stevenato Group SPA Ord </title>
        <cusip>T9224W109</cusip>
        <identifiers>
          <isin value="IT0005452658"/>
        </identifiers>
        <balance>126281.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2578658.02000000</valUSD>
        <pctVal>2.304794347815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Karooooo Limited</name>
        <lei>N/A</lei>
        <title>Karooooo LTD </title>
        <cusip>Y4600W108</cusip>
        <identifiers>
          <isin value="SGXZ19450089"/>
        </identifiers>
        <balance>60566.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2576477.64000000</valUSD>
        <pctVal>2.302845532787</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-04-21</ncom:dateSigned>
      <ncom:nameOfApplicant>Ave Maria World Equity Fund</ncom:nameOfApplicant>
      <ncom:signature>Daniel D. Bauer</ncom:signature>
      <ncom:signerName>Daniel D. Bauer</ncom:signerName>
      <ncom:title>VP, Fund Accounting</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
