<?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">
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    <isConfidential>false</isConfidential>
    <filerInfo>

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          <cik>0000891944</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
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        <seriesId>S000044806</seriesId>
        <classId>C000157631</classId>
        <classId>C000139161</classId>
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      <regFileNumber>811-07168</regFileNumber>
      <regCik>0000891944</regCik>
      <regLei>254900O0F8MQNN7UZ261</regLei>
      <regStreet1>7250 Redwood Blvd.</regStreet1>
      <regStreet2>Suite 200</regStreet2>
      <regCity>Novato</regCity>
      <regStateConditional regCountry="US" regState="US-CA"/>
      <regZipOrPostalCode>94945</regZipOrPostalCode>
      <regPhone>1-800-966-4354</regPhone>
      <seriesName>Hennessy Japan Small Cap Fund</seriesName>
      <seriesId>S000044806</seriesId>
      <seriesLei>254900414IO3OMRVKA90</seriesLei>
      <repPdEnd>2025-10-31</repPdEnd>
      <repPdDate>2025-10-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totLiabs>277017.150000000000</totLiabs>
      <netAssets>129157936.770000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
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      <standByCommit>0.000000000000</standByCommit>
      <liquidPref>0.000000000000</liquidPref>
      <cshNotRptdInCorD>22864.010000000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
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        <monthlyTotReturns>
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        <othMon2 netRealizedGain="1968407.460000000000" netUnrealizedAppr="2033397.310000000000"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nissei ASB Machine Co Ltd</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Optex Group Co Ltd</name>
        <lei>N/A</lei>
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          <isin value="JP3197700002"/>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>SBS Holdings Inc</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="2384"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tocalo Co Ltd</name>
        <lei>N/A</lei>
        <title>Tocalo Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3552290003"/>
          <ticker value="3433"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Transcosmos Inc</name>
        <lei>353800AAR1GYRFDRTV97</lei>
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          <isin value="JP3635700002"/>
          <ticker value="9715"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LITALICO Inc</name>
        <lei>3538004MOOB28U39ZZ73</lei>
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        <name>AGC Inc</name>
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      <invstOrSec>
        <name>Mizuno Corp</name>
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          <ticker value="8022"/>
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      <invstOrSec>
        <name>Nitto Kogyo Corp</name>
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        <name>Tosei Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sankyu Inc</name>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tanseisha Co Ltd</name>
        <lei>N/A</lei>
        <title>Tanseisha Co Ltd</title>
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        <name>Towa Corp</name>
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        <name>Macnica Holdings Inc</name>
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        <title>Macnica Holdings Inc</title>
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      <invstOrSec>
        <name>First American Government Obli</name>
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        <title>First American Government Obligations Fund</title>
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        <name>Kanamoto Co Ltd</name>
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        <title>Kanamoto Co Ltd</title>
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        <name>Gakujo Co Ltd</name>
        <lei>N/A</lei>
        <title>Gakujo Co Ltd</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nichiha Corp</name>
        <lei>N/A</lei>
        <title>Nichiha Corp</title>
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          <ticker value="7943"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tokyo Ohka Kogyo Co Ltd</name>
        <lei>N/A</lei>
        <title>Tokyo Ohka Kogyo Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3571800006"/>
          <ticker value="4186"/>
        </identifiers>
        <balance>54100.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1984474.080000000000</valUSD>
        <pctVal>1.5364708741</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>Mitsubishi Research Institute</name>
        <lei>N/A</lei>
        <title>Mitsubishi Research Institute Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3902200009"/>
          <ticker value="3636"/>
        </identifiers>
        <balance>60700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1922107.590000000000</valUSD>
        <pctVal>1.4881838763</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>Genky DrugStores Co Ltd</name>
        <lei>N/A</lei>
        <title>Genky DrugStores Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3282750003"/>
          <ticker value="9267"/>
        </identifiers>
        <balance>79000.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>2629744.990000000000</valUSD>
        <pctVal>2.0360692155</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>Raksul Inc</name>
        <lei>353800MJOUNWM4MY4B07</lei>
        <title>Raksul Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3967180005"/>
          <ticker value="4384"/>
        </identifiers>
        <balance>174600.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1198668.480000000000</valUSD>
        <pctVal>0.9280641283</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>Ariake Japan Co Ltd</name>
        <lei>353800PBX8D0J0H60M72</lei>
        <title>Ariake Japan Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3125800007"/>
          <ticker value="2815"/>
        </identifiers>
        <balance>41700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1463869.960000000000</valUSD>
        <pctVal>1.1333952807</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>Canon Marketing Japan Inc</name>
        <lei>529900WMTZBIIROD5K97</lei>
        <title>Canon Marketing Japan Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3243600008"/>
          <ticker value="8060"/>
        </identifiers>
        <balance>42800.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1784374.800000000000</valUSD>
        <pctVal>1.3815448316</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>Daikokutenbussan Co Ltd</name>
        <lei>N/A</lei>
        <title>Daikokutenbussan Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3483050005"/>
          <ticker value="2791"/>
        </identifiers>
        <balance>46700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1878787.880000000000</valUSD>
        <pctVal>1.4546437695</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>Saizeriya Co Ltd</name>
        <lei>N/A</lei>
        <title>Saizeriya Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3310500008"/>
          <ticker value="7581"/>
        </identifiers>
        <balance>36100.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1180611.250000000000</valUSD>
        <pctVal>0.9140833924</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>Onward Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Onward Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3203500008"/>
          <ticker value="8016"/>
        </identifiers>
        <balance>297200.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1247734.730000000000</valUSD>
        <pctVal>0.9660534700</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>Ulvac Inc</name>
        <lei>N/A</lei>
        <title>Ulvac Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3126190002"/>
          <ticker value="6728"/>
        </identifiers>
        <balance>51200.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>2333585.100000000000</valUSD>
        <pctVal>1.8067686418</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>Nihon Kohden Corp</name>
        <lei>N/A</lei>
        <title>Nihon Kohden Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3706800004"/>
          <ticker value="6849"/>
        </identifiers>
        <balance>185300.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>2143857.630000000000</valUSD>
        <pctVal>1.6598729305</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>Daihen Corp</name>
        <lei>353800VGTLA3QRNG5478</lei>
        <title>Daihen Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3497800007"/>
          <ticker value="6622"/>
        </identifiers>
        <balance>49700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>3266893.780000000000</valUSD>
        <pctVal>2.5293790391</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>Sakata Seed Corp</name>
        <lei>N/A</lei>
        <title>Sakata Seed Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3315000004"/>
          <ticker value="1377"/>
        </identifiers>
        <balance>83400.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>2137628.970000000000</valUSD>
        <pctVal>1.6550504161</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>Takasago Thermal</name>
        <lei>353800VL9UEB0RUJLC67</lei>
        <title>Takasago Thermal Engineering Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3455200000"/>
          <ticker value="1969"/>
        </identifiers>
        <balance>44200.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1312433.980000000000</valUSD>
        <pctVal>1.0161465976</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>EF-ON INC</name>
        <lei>N/A</lei>
        <title>EF-ON INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3802140008"/>
          <ticker value="9514"/>
        </identifiers>
        <balance>244900.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>629293.360000000000</valUSD>
        <pctVal>0.4872277893</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>Nishi-Nippon Financial Holding</name>
        <lei>N/A</lei>
        <title>Nishi-Nippon Financial Holdings Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3658850007"/>
          <ticker value="7189"/>
        </identifiers>
        <balance>265000.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>4536175.460000000000</valUSD>
        <pctVal>3.5121151463</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>Fukuda Corp</name>
        <lei>N/A</lei>
        <title>Fukuda Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3805600008"/>
          <ticker value="1899"/>
        </identifiers>
        <balance>17800.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>794653.170000000000</valUSD>
        <pctVal>0.6152569404</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>Amada Co Ltd</name>
        <lei>529900QF5O6TQGCPDX85</lei>
        <title>Amada Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3122800000"/>
          <ticker value="6113"/>
        </identifiers>
        <balance>52700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>630238.790000000000</valUSD>
        <pctVal>0.4879597846</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>Computer Engineering &amp; Consult</name>
        <lei>N/A</lei>
        <title>Computer Engineering &amp; Consulting Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3346200003"/>
          <ticker value="9692"/>
        </identifiers>
        <balance>55100.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>773352.150000000000</valUSD>
        <pctVal>0.5987647135</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>Elecom Co Ltd</name>
        <lei>353800BXFUVR7EPC0G35</lei>
        <title>Elecom Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3168200008"/>
          <ticker value="6750"/>
        </identifiers>
        <balance>101400.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1186980.730000000000</valUSD>
        <pctVal>0.9190149360</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>Musashino Bank Ltd/The</name>
        <lei>353800L8RJMVN2OOS612</lei>
        <title>Musashino Bank Ltd/The</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3912800004"/>
          <ticker value="8336"/>
        </identifiers>
        <balance>125600.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>3382259.430000000000</valUSD>
        <pctVal>2.6187004179</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>NOK Corp</name>
        <lei>N/A</lei>
        <title>NOK Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3164800009"/>
          <ticker value="7240"/>
        </identifiers>
        <balance>162800.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>2899785.870000000000</valUSD>
        <pctVal>2.2451472534</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>OSG Corp</name>
        <lei>353800IWJAOVAFO6X450</lei>
        <title>OSG Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3170800001"/>
          <ticker value="6136"/>
        </identifiers>
        <balance>126500.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1836634.550000000000</valUSD>
        <pctVal>1.4220067275</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>Maeda Kosen Co Ltd</name>
        <lei>353800PBX8SI9I66NP60</lei>
        <title>Maeda Kosen Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3861250003"/>
          <ticker value="7821"/>
        </identifiers>
        <balance>337600.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>4223559.790000000000</valUSD>
        <pctVal>3.2700737528</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>Loadstar Capital KK</name>
        <lei>N/A</lei>
        <title>Loadstar Capital KK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3982600003"/>
          <ticker value="3482"/>
        </identifiers>
        <balance>64300.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1347667.250000000000</valUSD>
        <pctVal>1.0434258116</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>Future Corp</name>
        <lei>N/A</lei>
        <title>Future Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3826200002"/>
          <ticker value="4722"/>
        </identifiers>
        <balance>119800.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1691550.190000000000</valUSD>
        <pctVal>1.3096757600</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>Fukuyama Transporting Co Ltd</name>
        <lei>529900Z7D20PNX4HSO85</lei>
        <title>Fukuyama Transporting Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3806800003"/>
          <ticker value="9075"/>
        </identifiers>
        <balance>65100.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1615777.690000000000</valUSD>
        <pctVal>1.2510092143</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>Hanwa Co Ltd</name>
        <lei>8EUP1TJYZFX3T1E5AJ33</lei>
        <title>Hanwa Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3777800008"/>
          <ticker value="8078"/>
        </identifiers>
        <balance>30300.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1266186.490000000000</valUSD>
        <pctVal>0.9803396691</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>Eternal Hospitality Group Co L</name>
        <lei>N/A</lei>
        <title>Eternal Hospitality Group Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3635900008"/>
          <ticker value="3193"/>
        </identifiers>
        <balance>78100.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1422533.900000000000</valUSD>
        <pctVal>1.1013910067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Relo Group Inc</name>
        <lei>353800T595XRZDA8IB59</lei>
        <title>Relo Group Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3755200007"/>
          <ticker value="8876"/>
        </identifiers>
        <balance>266100.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>2862849.910000000000</valUSD>
        <pctVal>2.2165497387</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>Yamami Co</name>
        <lei>N/A</lei>
        <title>Yamami Co</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3943100002"/>
          <ticker value="2820"/>
        </identifiers>
        <balance>45700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1187648.430000000000</valUSD>
        <pctVal>0.9195319000</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>Musashi Seimitsu Industry Co L</name>
        <lei>353800J742CBBV9MSZ43</lei>
        <title>Musashi Seimitsu Industry Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3912700006"/>
          <ticker value="7220"/>
        </identifiers>
        <balance>117400.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>2658659.400000000000</valUSD>
        <pctVal>2.0584560783</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>Daicel Corp</name>
        <lei>353800ZG4XF6D7NZGS72</lei>
        <title>Daicel Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3485800001"/>
          <ticker value="4202"/>
        </identifiers>
        <balance>37000.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>318957.240000000000</valUSD>
        <pctVal>0.2469513279</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>Aeon Fantasy Co Ltd</name>
        <lei>N/A</lei>
        <title>Aeon Fantasy Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3131420006"/>
          <ticker value="4343"/>
        </identifiers>
        <balance>91500.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1655917.850000000000</valUSD>
        <pctVal>1.2820875677</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>Nissan Chemical Corp</name>
        <lei>3538002E4L1CUGJFFU25</lei>
        <title>Nissan Chemical Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3670800006"/>
          <ticker value="4021"/>
        </identifiers>
        <balance>54800.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1855113.880000000000</valUSD>
        <pctVal>1.4363142726</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>Penta-Ocean Cons</name>
        <lei>529900QN42Q9UIW3AS17</lei>
        <title>Penta-Ocean Construction Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3309000002"/>
          <ticker value="1893"/>
        </identifiers>
        <balance>408100.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>3745749.460000000000</valUSD>
        <pctVal>2.9001310749</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>MIMAKI ENGINEERING CO LTD</name>
        <lei>N/A</lei>
        <title>MIMAKI ENGINEERING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3907150001"/>
          <ticker value="6638"/>
        </identifiers>
        <balance>109400.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1209639.870000000000</valUSD>
        <pctVal>0.9365586818</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>PeptiDream Inc</name>
        <lei>N/A</lei>
        <title>PeptiDream Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3836750004"/>
          <ticker value="4587"/>
        </identifiers>
        <balance>140000.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1416715.330000000000</valUSD>
        <pctVal>1.0968860029</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>CKD Corp</name>
        <lei>N/A</lei>
        <title>CKD Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3346800000"/>
          <ticker value="6407"/>
        </identifiers>
        <balance>75800.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1630504.190000000000</valUSD>
        <pctVal>1.2624111462</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>Nabtesco Corp</name>
        <lei>529900DVHQXYRTGW7739</lei>
        <title>Nabtesco Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3651210001"/>
          <ticker value="6268"/>
        </identifiers>
        <balance>101800.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>2557715.920000000000</valUSD>
        <pctVal>1.9803010051</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>Koshidaka Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Koshidaka Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3297360004"/>
          <ticker value="2157"/>
        </identifiers>
        <balance>143500.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1098760.630000000000</valUSD>
        <pctVal>0.8507108874</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>Trusco Nakayama Corp</name>
        <lei>N/A</lei>
        <title>Trusco Nakayama Corp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3635500006"/>
          <ticker value="9830"/>
        </identifiers>
        <balance>133200.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>2103749.270000000000</valUSD>
        <pctVal>1.6288191981</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>Takashimaya Co Ltd</name>
        <lei>353800IFO566STDN4V78</lei>
        <title>Takashimaya Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3456000003"/>
          <ticker value="8233"/>
        </identifiers>
        <balance>179900.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1929042.570000000000</valUSD>
        <pctVal>1.4935532560</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>Tsuzuki Denki Co Ltd</name>
        <lei>3538008A8ICJLVI54474</lei>
        <title>Tsuzuki Denki Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3533800003"/>
          <ticker value="8157"/>
        </identifiers>
        <balance>105000.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>2153007.590000000000</valUSD>
        <pctVal>1.6669572493</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>YAKUODO Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>YAKUODO Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3931410009"/>
          <ticker value="7679"/>
        </identifiers>
        <balance>109800.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1449180.460000000000</valUSD>
        <pctVal>1.1220219959</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>Warabeya</name>
        <lei>N/A</lei>
        <title>Warabeya Nichiyo Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3994400004"/>
          <ticker value="2918"/>
        </identifiers>
        <balance>96700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1957718.510000000000</valUSD>
        <pctVal>1.5157554843</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>Star Mica Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>Star Mica Holdings Co Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3399340003"/>
          <ticker value="2975"/>
        </identifiers>
        <balance>214200.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.110000000000"/>
        <valUSD>1581724.740000000000</valUSD>
        <pctVal>1.2246438582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-12-01</ncom:dateSigned>
      <ncom:nameOfApplicant>Hennessy Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>/s/ Teresa M. Nilsen</ncom:signature>
      <ncom:signerName>Teresa M. Nilsen</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
