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      <repPdEnd>2020-12-31</repPdEnd>
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        <valUSD>48320</valUSD>
        <pctVal>0.002635</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>CNOOC Limited</name>
        <lei>549300XIVJCBIGMRUD48</lei>
        <title>CNOOC Ltd. ADR</title>
        <cusip>126132109</cusip>
        <identifiers>
          <isin value="US1261321095"/>
        </identifiers>
        <balance>2500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>240125</valUSD>
        <pctVal>0.013094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian National Railway Company</name>
        <lei>3SU7BEP7TH9YEQOZCS77</lei>
        <title>Canadian National Railway Company</title>
        <cusip>136375102</cusip>
        <identifiers>
          <isin value="CA1363751027"/>
        </identifiers>
        <balance>1400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>149044</valUSD>
        <pctVal>0.008128</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>Capgemini</name>
        <lei>96950077L0TN7BAROX36</lei>
        <title>CAPGMINI SA - UNSPONSOR ADR</title>
        <cusip>13961R100</cusip>
        <identifiers>
          <isin value="US13961R1005"/>
        </identifiers>
        <balance>4000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>102680</valUSD>
        <pctVal>0.005599</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>China Construction Bank Corporation</name>
        <lei>5493001KQW6DM7KEDR62</lei>
        <title>China Construction Bank Corporation ADR</title>
        <cusip>168919108</cusip>
        <identifiers>
          <isin value="US1689191088"/>
        </identifiers>
        <balance>8500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>110245</valUSD>
        <pctVal>0.006012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>China Mobile Limited</name>
        <lei>529900U2JJ7GK68NI589</lei>
        <title>China Mobile Ltd. ADR</title>
        <cusip>16941M109</cusip>
        <identifiers>
          <isin value="US16941M1099"/>
        </identifiers>
        <balance>9200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>295872</valUSD>
        <pctVal>0.016134</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>Coca-Cola Amatil Limited</name>
        <lei>JOR7RJTXUXBRJ4UA5G70</lei>
        <title>Coca-Cola Amatil Ltd ADR</title>
        <cusip>191085208</cusip>
        <identifiers>
          <isin value="US1910852086"/>
        </identifiers>
        <balance>10860</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73848</valUSD>
        <pctVal>0.004027</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>Richemont(Cie Fin)</name>
        <lei>549300YIPGJ6UX2QPS51</lei>
        <title>CIE FINANCIERE RICH-UNSP ADR</title>
        <cusip>204319107</cusip>
        <identifiers>
          <isin value="US2043191079"/>
        </identifiers>
        <balance>22000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>146080</valUSD>
        <pctVal>0.007966</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>Compass Group plc</name>
        <lei>2138008M6MH9OZ6U2T68</lei>
        <title>Compass Group plc Sponsored ADR</title>
        <cusip>20449X401</cusip>
        <identifiers>
          <isin value="US20449X4016"/>
        </identifiers>
        <balance>6500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98085</valUSD>
        <pctVal>0.005349</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>Danone SA</name>
        <lei>969500KMUQ2B6CBAF162</lei>
        <title>Danone S.A. ADR</title>
        <cusip>23636T100</cusip>
        <identifiers>
          <isin value="US23636T1007"/>
        </identifiers>
        <balance>6184</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>79711.76</valUSD>
        <pctVal>0.004347</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>Deutsche Boerse AG</name>
        <lei>529900G3SW56SHYNPR95</lei>
        <title>Deutsche Boerse AG ADR</title>
        <cusip>251542106</cusip>
        <identifiers>
          <isin value="US2515421061"/>
        </identifiers>
        <balance>7000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>122920</valUSD>
        <pctVal>0.006703</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>Deutsche Telekom AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>Deutsche Telekom AG ADR</title>
        <cusip>251566105</cusip>
        <identifiers>
          <isin value="US2515661054"/>
        </identifiers>
        <balance>7100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>119635</valUSD>
        <pctVal>0.006524</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>Dr. Reddys Laboratories Limited</name>
        <lei>335800OVDPY3DVZR2798</lei>
        <title>Dr. Reddy's Laboratories Ltd. ADR</title>
        <cusip>256135203</cusip>
        <identifiers>
          <isin value="US2561352038"/>
        </identifiers>
        <balance>3340</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>232330.4</valUSD>
        <pctVal>0.012669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enel - Societa per Azioni</name>
        <lei>WOCMU6HCI0OJWNPRZS33</lei>
        <title>Enel SpA ADR</title>
        <cusip>29265W207</cusip>
        <identifiers>
          <isin value="US29265W2070"/>
        </identifiers>
        <balance>21100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>181460</valUSD>
        <pctVal>0.009895</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>Enel Americas Sa</name>
        <lei>549300LKH11TFCJLZK20</lei>
        <title>ENERSIS S.A. ADR</title>
        <cusip>29274F104</cusip>
        <identifiers>
          <isin value="US29274F1049"/>
        </identifiers>
        <balance>32300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>208658</valUSD>
        <pctVal>0.011379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Equinor ASA</name>
        <lei>OW6OFBNCKXC4US5C7523</lei>
        <title>Equinor ASA ADR</title>
        <cusip>29446M102</cusip>
        <identifiers>
          <isin value="US29446M1027"/>
        </identifiers>
        <balance>4000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56240</valUSD>
        <pctVal>0.003067</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>Gazprom Public Joint Stock Company</name>
        <lei>213800FD9J2IHTA7YX78</lei>
        <title>Gazprom OAO</title>
        <cusip>368287207</cusip>
        <identifiers>
          <isin value="US3682872078"/>
        </identifiers>
        <balance>14000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61040</valUSD>
        <pctVal>0.003329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Honda Motor Company, Ltd.</name>
        <lei>549300P7ZYCQJ36CCS16</lei>
        <title>Honda Motor Company Ltd. ADR</title>
        <cusip>438128308</cusip>
        <identifiers>
          <isin value="US4381283088"/>
        </identifiers>
        <balance>5500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>130350</valUSD>
        <pctVal>0.007108</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>Iberdrola, S.A.</name>
        <lei>5QK37QC7NWOJ8D7WVQ45</lei>
        <title>Iberdrola S.A. ADR</title>
        <cusip>450737101</cusip>
        <identifiers>
          <isin value="US4507371015"/>
        </identifiers>
        <balance>3578</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>177075.22</valUSD>
        <pctVal>0.009656</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>Industrial and Commercial Bank of China Limited</name>
        <lei>5493002ERZU2K9PZDL40</lei>
        <title>Industrial &amp; Commercial Bank of China Ltd ADR</title>
        <cusip>455807107</cusip>
        <identifiers>
          <isin value="US4558071076"/>
        </identifiers>
        <balance>23500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>244776</valUSD>
        <pctVal>0.013348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Infosys Ltd</name>
        <lei>335800TYLGG93MM7PR89</lei>
        <title>Infosys Ltd. ADR</title>
        <cusip>456788108</cusip>
        <identifiers>
          <isin value="US4567881085"/>
        </identifiers>
        <balance>14700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>203007</valUSD>
        <pctVal>0.01107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Itau Unibanco Holdings S.A.</name>
        <lei>5493002W2IVG62O3ZJ94</lei>
        <title>Itau Unibanco Holding S.A. ADR</title>
        <cusip>465562106</cusip>
        <identifiers>
          <isin value="US4655621062"/>
        </identifiers>
        <balance>11550</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45969</valUSD>
        <pctVal>0.002507</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>Itochu Corp</name>
        <lei>J48DJYXDTLHM30UMYI18</lei>
        <title>ITOCHU CORPORATION ADR</title>
        <cusip>465717106</cusip>
        <identifiers>
          <isin value="US4657171066"/>
        </identifiers>
        <balance>3700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>190254</valUSD>
        <pctVal>0.010375</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>KB Financial Group</name>
        <lei>529900TKE4MXG3Q6GW86</lei>
        <title>KB Financial Group, Inc. ADR</title>
        <cusip>48241A105</cusip>
        <identifiers>
          <isin value="US48241A1051"/>
        </identifiers>
        <balance>2400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>77088</valUSD>
        <pctVal>0.004204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KDDI Corp</name>
        <lei>5299003FU7V4I45FU310</lei>
        <title>KDDI Corporation ADR</title>
        <cusip>48667L106</cusip>
        <identifiers>
          <isin value="US48667L1061"/>
        </identifiers>
        <balance>18400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>231104</valUSD>
        <pctVal>0.012603</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>Komatsu Ltd</name>
        <lei>5493004LQ0B4T7QPQV17</lei>
        <title>Komatsu Ltd ADR</title>
        <cusip>500458401</cusip>
        <identifiers>
          <isin value="US5004584018"/>
        </identifiers>
        <balance>6300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>138600</valUSD>
        <pctVal>0.007558</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>L'Oreal S.A.</name>
        <lei>529900JI1GG6F7RKVI53</lei>
        <title>L'Oreal S.A. ADR</title>
        <cusip>502117203</cusip>
        <identifiers>
          <isin value="US5021172037"/>
        </identifiers>
        <balance>2800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>182420</valUSD>
        <pctVal>0.009948</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>Legal &amp; General Group plc</name>
        <lei>213800JH9QQWHLO99821</lei>
        <title>Legal &amp; General Group PLC</title>
        <cusip>52463H103</cusip>
        <identifiers>
          <isin value="US52463H1032"/>
        </identifiers>
        <balance>5000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>60850</valUSD>
        <pctVal>0.003318</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>Lenovo Group Ltd</name>
        <lei>254900VUZRGD5U73RE46</lei>
        <title>Lenovo Group Ltd. ADR</title>
        <cusip>526250105</cusip>
        <identifiers>
          <isin value="US5262501050"/>
        </identifiers>
        <balance>19500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>257400</valUSD>
        <pctVal>0.014037</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>Magna International Inc</name>
        <lei>95RWVLFZX6VGDZNNTN43</lei>
        <title>Magna International, Inc. (Canada)</title>
        <cusip>559222401</cusip>
        <identifiers>
          <isin value="CA5592224011"/>
        </identifiers>
        <balance>4100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>187575</valUSD>
        <pctVal>0.010229</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>Manulife Financial Corporation</name>
        <lei>5493007GBX87QOZACS27</lei>
        <title>Manulife Financial Corporation</title>
        <cusip>56501R106</cusip>
        <identifiers>
          <isin value="CA56501R1064"/>
        </identifiers>
        <balance>4420</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61482.2</valUSD>
        <pctVal>0.003353</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>Mitsubishi UFJ Financial Group, Inc.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>Mitsubishi UFJ Financial Group, Inc. ADR</title>
        <cusip>606822104</cusip>
        <identifiers>
          <isin value="US6068221042"/>
        </identifiers>
        <balance>40000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>160400</valUSD>
        <pctVal>0.008747</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>Mizuho Financial Group Inc.</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>Mizuho Financial Group, Inc. ADR</title>
        <cusip>60687Y109</cusip>
        <identifiers>
          <isin value="US60687Y1091"/>
        </identifiers>
        <balance>25000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>63750</valUSD>
        <pctVal>0.003476</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>National Australia Bank Limited</name>
        <lei>F8SB4JFBSYQFRQEH3Z21</lei>
        <title>National Australia Bank Ltd. ADR</title>
        <cusip>632525408</cusip>
        <identifiers>
          <isin value="US6325254083"/>
        </identifiers>
        <balance>8700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56071.5</valUSD>
        <pctVal>0.003058</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>National Grid plc</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>National Grid plc ADR</title>
        <cusip>636274409</cusip>
        <identifiers>
          <isin value="US6362744095"/>
        </identifiers>
        <balance>1629</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94139.91</valUSD>
        <pctVal>0.005134</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>Nestle SA/Ag</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>Nestle S.A. ADR</title>
        <cusip>641069406</cusip>
        <identifiers>
          <isin value="US6410694060"/>
        </identifiers>
        <balance>2800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>333914</valUSD>
        <pctVal>0.018209</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>Newcrest Mining</name>
        <lei>5299006MN50OZJUJI655</lei>
        <title>Newcrest Mining Ltd. ADR</title>
        <cusip>651191108</cusip>
        <identifiers>
          <isin value="US6511911082"/>
        </identifiers>
        <balance>15000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>337200</valUSD>
        <pctVal>0.018388</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>Nitto Electric Industrial Co</name>
        <lei>3538009GX5P09USH2J25</lei>
        <title>Nitto Denko Corporation ADR</title>
        <cusip>654802206</cusip>
        <identifiers>
          <isin value="US6548022069"/>
        </identifiers>
        <balance>7100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>231460</valUSD>
        <pctVal>0.012622</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>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG ADR</title>
        <cusip>66987V109</cusip>
        <identifiers>
          <isin value="US66987V1098"/>
        </identifiers>
        <balance>2480</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>215660.8</valUSD>
        <pctVal>0.01176</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>Novo Nordisk A/S</name>
        <lei>549300DAQ1CVT6CXN342</lei>
        <title>Novo Nordisk A/S ADR</title>
        <cusip>670100205</cusip>
        <identifiers>
          <isin value="US6701002056"/>
        </identifiers>
        <balance>4400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>305492</valUSD>
        <pctVal>0.016659</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>OPEN TEXT CORP</name>
        <lei>549300HP7ONDQODZJV16</lei>
        <title>Open Text Corporation (Canada)</title>
        <cusip>683715106</cusip>
        <identifiers>
          <isin value="CA6837151068"/>
        </identifiers>
        <balance>5000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>211200</valUSD>
        <pctVal>0.011517</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>Orange S.A.</name>
        <lei>969500MCOONR8990S771</lei>
        <title>Orange S.A. ADR</title>
        <cusip>684060106</cusip>
        <identifiers>
          <isin value="US6840601065"/>
        </identifiers>
        <balance>7500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>77850</valUSD>
        <pctVal>0.004245</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>Orix Corporation</name>
        <lei>35380016EMHNBOVYE123</lei>
        <title>ORIX Corporation ADR</title>
        <cusip>686330101</cusip>
        <identifiers>
          <isin value="US6863301015"/>
        </identifiers>
        <balance>2450</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>153296.5</valUSD>
        <pctVal>0.00836</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>Oil Company Lukoil Pjsc</name>
        <lei>549300LCJ1UJXHYBWI24</lei>
        <title>LUKOIL ADR</title>
        <cusip>69343P105</cusip>
        <identifiers>
          <isin value="US69343P1057"/>
        </identifiers>
        <balance>4100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>235381</valUSD>
        <pctVal>0.012836</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>RU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PLDT Inc</name>
        <lei>254900ADE8GQHM5P2648</lei>
        <title>PHILIPPINE LONG DISTANCE TELEPHONE COMPANY ADR</title>
        <cusip>69344D408</cusip>
        <identifiers>
          <isin value="US69344D4088"/>
        </identifiers>
        <balance>3600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97380</valUSD>
        <pctVal>0.00531</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POSCO</name>
        <lei>988400E5HRVX81AYLM04</lei>
        <title>POSCO ADR</title>
        <cusip>693483109</cusip>
        <identifiers>
          <isin value="US6934831099"/>
        </identifiers>
        <balance>2800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>117208</valUSD>
        <pctVal>0.006392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Publicis Groupe</name>
        <lei>2138004KW8BV57III342</lei>
        <title>Publicis Groupe S.A. ADR</title>
        <cusip>74463M106</cusip>
        <identifiers>
          <isin value="US74463M1062"/>
        </identifiers>
        <balance>23100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>186186</valUSD>
        <pctVal>0.010153</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>RTL Group</name>
        <lei>5493000C8J3C3SZYS040</lei>
        <title>RTL GROUP SA - UNSPONSORED ADR</title>
        <cusip>74973Y103</cusip>
        <identifiers>
          <isin value="US74973Y1038"/>
        </identifiers>
        <balance>15000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57000</valUSD>
        <pctVal>0.003108</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>Reckitt Benck Grp</name>
        <lei>5493003JFSMOJG48V108</lei>
        <title>Reckitt Benckiser Group plc ADR</title>
        <cusip>756255204</cusip>
        <identifiers>
          <isin value="US7562552049"/>
        </identifiers>
        <balance>5900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>115935</valUSD>
        <pctVal>0.006322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Relx Plc</name>
        <lei>549300WSX3VBUFFJOO66</lei>
        <title>RELX plc ADR</title>
        <cusip>759530108</cusip>
        <identifiers>
          <isin value="US7595301083"/>
        </identifiers>
        <balance>4200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>93954</valUSD>
        <pctVal>0.005123</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>Rio Tinto plc</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>Rio Tinto plc ADR</title>
        <cusip>767204100</cusip>
        <identifiers>
          <isin value="US7672041008"/>
        </identifiers>
        <balance>1570</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94812.3</valUSD>
        <pctVal>0.00517</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>Roche Holdings AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>Roche Holding AG ADR</title>
        <cusip>771195104</cusip>
        <identifiers>
          <isin value="US7711951043"/>
        </identifiers>
        <balance>7300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>312513</valUSD>
        <pctVal>0.017042</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>Royal Bank of Canada</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>Royal Bank of Canada</title>
        <cusip>780087102</cusip>
        <identifiers>
          <isin value="CA7800871021"/>
        </identifiers>
        <balance>1000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70140</valUSD>
        <pctVal>0.003825</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>Royal Dutch Shell plc</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>Royal Dutch Shell plc Class B</title>
        <cusip>780259107</cusip>
        <identifiers>
          <isin value="US7802591070"/>
        </identifiers>
        <balance>2600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62972</valUSD>
        <pctVal>0.003434</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>SK Telecom Ltd.</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK Telecom Company Ltd. ADR</title>
        <cusip>78440P108</cusip>
        <identifiers>
          <isin value="US78440P1084"/>
        </identifiers>
        <balance>3400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76228</valUSD>
        <pctVal>0.004157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SSE Plc</name>
        <lei>549300KI75VYLLMSK856</lei>
        <title>SSE plc ADR</title>
        <cusip>78467K107</cusip>
        <identifiers>
          <isin value="US78467K1079"/>
        </identifiers>
        <balance>4000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62400</valUSD>
        <pctVal>0.003403</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>SAP SE</name>
        <lei>529900D6BF99LW9R2E68</lei>
        <title>SAP AG ADR</title>
        <cusip>803054204</cusip>
        <identifiers>
          <isin value="US8030542042"/>
        </identifiers>
        <balance>2200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>342782</valUSD>
        <pctVal>0.018693</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>Schneider Electric SE</name>
        <lei>969500A1YF1XUYYXS284</lei>
        <title>Schneider Electric SE ADR</title>
        <cusip>80687P106</cusip>
        <identifiers>
          <isin value="US80687P1066"/>
        </identifiers>
        <balance>13900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>346249</valUSD>
        <pctVal>0.018882</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>Shoprite Hldgs Ltd</name>
        <lei>N/A</lei>
        <title>Shoprite Holdings Ltd. ADR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US82510E2090"/>
        </identifiers>
        <balance>32100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>269640</valUSD>
        <pctVal>0.014704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siemens AG</name>
        <lei>W38RGI023J3WT1HWRP32</lei>
        <title>Siemens AG ADR</title>
        <cusip>826197501</cusip>
        <identifiers>
          <isin value="US8261975010"/>
        </identifiers>
        <balance>1800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>125370</valUSD>
        <pctVal>0.006837</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>Softbank Group Corp</name>
        <lei>5493003BZYYYCDIO0R13</lei>
        <title>Softbank Group Corporation ADR</title>
        <cusip>83404D109</cusip>
        <identifiers>
          <isin value="US83404D1090"/>
        </identifiers>
        <balance>3600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>110736</valUSD>
        <pctVal>0.006039</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>Sony Corporation</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>Sony Corporation ADR</title>
        <cusip>835699307</cusip>
        <identifiers>
          <isin value="US8356993076"/>
        </identifiers>
        <balance>3800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>291650</valUSD>
        <pctVal>0.015904</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>Sumitomo Mitsui Financial Group Inc</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group, Inc. ADR</title>
        <cusip>86562M209</cusip>
        <identifiers>
          <isin value="US86562M2098"/>
        </identifiers>
        <balance>57600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>321984</valUSD>
        <pctVal>0.017558</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>Sun Hung Kai Properties Ltd</name>
        <lei>529900LUMD393RD3S874</lei>
        <title>Sun Hung Kai Properties Ltd. ADR</title>
        <cusip>86676H302</cusip>
        <identifiers>
          <isin value="US86676H3021"/>
        </identifiers>
        <balance>22400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>288288</valUSD>
        <pctVal>0.015721</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>Svenska Cellulosa Aktiebolaget SCA (publ)</name>
        <lei>549300FW5JDRV1IJ0M67</lei>
        <title>SVENSKA CELLULOSA AB-SP ADR</title>
        <cusip>869587402</cusip>
        <identifiers>
          <isin value="US8695874029"/>
        </identifiers>
        <balance>6500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>89345.75</valUSD>
        <pctVal>0.004872</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>5100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>413457</valUSD>
        <pctVal>0.022547</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>Takeda Pharmaceutical Company Limited</name>
        <lei>549300ZLMVP4X0OGR454</lei>
        <title>Takeda Pharmaceutical Company Ltd. ADR</title>
        <cusip>874060205</cusip>
        <identifiers>
          <isin value="US8740602052"/>
        </identifiers>
        <balance>9340</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>166625.6</valUSD>
        <pctVal>0.009086</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>Telenor ASA</name>
        <lei>549300IM1QSBY4SLPM26</lei>
        <title>TELENOR ASA ADR</title>
        <cusip>87944W105</cusip>
        <identifiers>
          <isin value="US87944W1053"/>
        </identifiers>
        <balance>9600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>161376</valUSD>
        <pctVal>0.0088</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>Tencent Holdings Limited</name>
        <lei>254900N4SLUMW4XUYY11</lei>
        <title>Tencent Holdings Ltd. ADR</title>
        <cusip>88032Q109</cusip>
        <identifiers>
          <isin value="US88032Q1094"/>
        </identifiers>
        <balance>5500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>372075</valUSD>
        <pctVal>0.02029</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>Tokio Marine Hldg</name>
        <lei>5299009QN2NZ191KLS29</lei>
        <title>Tokio Marine Holdings, Inc. ADR</title>
        <cusip>889094108</cusip>
        <identifiers>
          <isin value="US8890941086"/>
        </identifiers>
        <balance>7000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>308140</valUSD>
        <pctVal>0.016803</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>The Toronto-Dominion Bank</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>Toronto-Dominion Bank (The) (Canada)</title>
        <cusip>891160509</cusip>
        <identifiers>
          <isin value="CA8911605092"/>
        </identifiers>
        <balance>1400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>64736</valUSD>
        <pctVal>0.00353</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>Total Se</name>
        <lei>N/A</lei>
        <title>Total S.A. ADR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US89151E1091"/>
        </identifiers>
        <balance>2352</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>80673.6</valUSD>
        <pctVal>0.004399</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>Toyota Motor Corp</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>Toyota Motor Corporation ADR</title>
        <cusip>892331307</cusip>
        <identifiers>
          <isin value="US8923313071"/>
        </identifiers>
        <balance>1100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>145684</valUSD>
        <pctVal>0.007944</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>Unilever PLC</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>Unilever plc Sponsored ADR</title>
        <cusip>904767704</cusip>
        <identifiers>
          <isin value="US9047677045"/>
        </identifiers>
        <balance>4100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>252888</valUSD>
        <pctVal>0.01379</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>Unilever N.V.</name>
        <lei>549300TK7G7NZTVM1Z30</lei>
        <title>Unilever N.V. - NY Registry Shares ADR</title>
        <cusip>904784709</cusip>
        <identifiers>
          <isin value="US9047847093"/>
        </identifiers>
        <balance>2500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>151000</valUSD>
        <pctVal>0.008234</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>United Microelectronics Corp</name>
        <lei>391200YJCAGH9LF96P73</lei>
        <title>United Microelectronics Corporation ADR</title>
        <cusip>910873405</cusip>
        <identifiers>
          <isin value="US9108734057"/>
        </identifiers>
        <balance>44930</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>215214.7</valUSD>
        <pctVal>0.011736</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>United Overseas Bank Limited</name>
        <lei>IO66REGK3RCBAMA8HR66</lei>
        <title>United Overseas Bank Ltd. ADR</title>
        <cusip>911271302</cusip>
        <identifiers>
          <isin value="US9112713022"/>
        </identifiers>
        <balance>4100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>115497</valUSD>
        <pctVal>0.006298</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>WPP PLC</name>
        <lei>549300LSGBXPYHXGDT93</lei>
        <title>WPP plc ADR</title>
        <cusip>92937A102</cusip>
        <identifiers>
          <isin value="US92937A1025"/>
        </identifiers>
        <balance>1800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70632</valUSD>
        <pctVal>0.003852</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>Wal-Mart De Mexico</name>
        <lei>N/A</lei>
        <title>Wal-Mart de Mexico S.A.B. de C.V. ADR</title>
        <cusip>93114W107</cusip>
        <identifiers>
          <isin value="US93114W1071"/>
        </identifiers>
        <balance>12300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>294462</valUSD>
        <pctVal>0.016058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Westpac Banking Corporation</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>Westpac Banking Corporation ADR</title>
        <cusip>961214301</cusip>
        <identifiers>
          <isin value="US9612143019"/>
        </identifiers>
        <balance>7250</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>87290</valUSD>
        <pctVal>0.00476</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>Woodside Petroleum Ltd.</name>
        <lei>2549005ZC5RXAOO7FH41</lei>
        <title>Woodside Petroleum Ltd. ADR</title>
        <cusip>980228308</cusip>
        <identifiers>
          <isin value="US9802283088"/>
        </identifiers>
        <balance>5200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66768</valUSD>
        <pctVal>0.003641</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>Zurich Insurance Group Limited</name>
        <lei>529900QVNRBND50TXP03</lei>
        <title>Zurich Insurance Group AG ADR</title>
        <cusip>989825104</cusip>
        <identifiers>
          <isin value="US9898251049"/>
        </identifiers>
        <balance>3240</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>112881.6</valUSD>
        <pctVal>0.006156</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>Daimler AG</name>
        <lei>N/A</lei>
        <title>Daimler AG</title>
        <cusip>D1668R123</cusip>
        <identifiers>
          <isin value="US2338252073"/>
        </identifiers>
        <balance>2200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>118052</valUSD>
        <pctVal>0.006438</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>Sensata Technologies Holding PLC</name>
        <lei>529900MS7KFYCY9MS037</lei>
        <title>Sensata Technologies Holding plc</title>
        <cusip>G8060N102</cusip>
        <identifiers>
          <isin value="GB00BFMBMT84"/>
        </identifiers>
        <balance>2200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94908</valUSD>
        <pctVal>0.005176</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>TechnipFMC plc</name>
        <lei>549300D5I93QWCJTCK36</lei>
        <title>TechnipFMC plc</title>
        <cusip>G87110105</cusip>
        <identifiers>
          <isin value="GB00BDSFG982"/>
        </identifiers>
        <balance>5900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37229</valUSD>
        <pctVal>0.00203</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>5896</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>335777.2</valUSD>
        <pctVal>0.018311</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>Taro Pharmaceuticl</name>
        <lei>5493002WIJCSC2L2VL79</lei>
        <title>Taro Pharmaceutical Industries Ltd.</title>
        <cusip>M8737E108</cusip>
        <identifiers>
          <isin value="IL0010827181"/>
        </identifiers>
        <balance>1400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76790</valUSD>
        <pctVal>0.004188</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>FIRST AMERN FDS INC</name>
        <lei>N/A</lei>
        <title>First American Government Obligations Fund Class Z</title>
        <cusip>31846V567</cusip>
        <identifiers>
          <isin value="US31846V5672"/>
        </identifiers>
        <balance>866934.91</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>866934.91</valUSD>
        <pctVal>0.047276</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>ABB Limited</name>
        <lei>N/A</lei>
        <title>ABB Ltd. ADR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US0003752047"/>
        </identifiers>
        <balance>2900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73805</valUSD>
        <pctVal>0.004025</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>Adidas AG</name>
        <lei>549300JSX0Z4CW0V5023</lei>
        <title>adidas AG ADR</title>
        <cusip>00687A107</cusip>
        <identifiers>
          <isin value="US00687A1079"/>
        </identifiers>
        <balance>600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97878</valUSD>
        <pctVal>0.005337</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>Admiral Group</name>
        <lei>N/A</lei>
        <title>ADMIRAL GROUP PLC-UNSPONSORED ADR ADR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US0071921078"/>
        </identifiers>
        <balance>6400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>216033.28</valUSD>
        <pctVal>0.011781</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>Air Liquide S.A.(L')</name>
        <lei>N/A</lei>
        <title>AIR LIQUIDE SA ADR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US0091262024"/>
        </identifiers>
        <balance>4569</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>145339.89</valUSD>
        <pctVal>0.007926</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>Alibaba Group Holding Ltd</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd. ADR</title>
        <cusip>01609W102</cusip>
        <identifiers>
          <isin value="US01609W1027"/>
        </identifiers>
        <balance>1300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>382174</valUSD>
        <pctVal>0.020841</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>Allianz SE</name>
        <lei>N/A</lei>
        <title>Allianz SE Unsponsored ADR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US0188201000"/>
        </identifiers>
        <balance>7900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>151285</valUSD>
        <pctVal>0.00825</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>Astellas Pharma Inc.</name>
        <lei>529900IB708DY2HBBB35</lei>
        <title>Astellas Pharma, Inc. ADR</title>
        <cusip>04623U102</cusip>
        <identifiers>
          <isin value="US04623U1025"/>
        </identifiers>
        <balance>17600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>262416</valUSD>
        <pctVal>0.01431</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>Atlas Copco AB</name>
        <lei>N/A</lei>
        <title>Atlas Copco AB ADR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US0492557063"/>
        </identifiers>
        <balance>5400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>258228</valUSD>
        <pctVal>0.014082</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>BAE Systems plc</name>
        <lei>8SVCSVKSGDWMW2QHOH83</lei>
        <title>BAE SYSTEMS PLC ADR</title>
        <cusip>05523R107</cusip>
        <identifiers>
          <isin value="US05523R1077"/>
        </identifiers>
        <balance>3800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>95190</valUSD>
        <pctVal>0.005191</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>Basf Se</name>
        <lei>N/A</lei>
        <title>BASF SE ADR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US0552625057"/>
        </identifiers>
        <balance>7400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>113146</valUSD>
        <pctVal>0.00617</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>BP p.l.c.</name>
        <lei>N/A</lei>
        <title>BP plc ADR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US0556221044"/>
        </identifiers>
        <balance>2298</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40123.08</valUSD>
        <pctVal>0.002188</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>BNP Paribas</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas S.A. ADR</title>
        <cusip>05565A202</cusip>
        <identifiers>
          <isin value="US05565A2024"/>
        </identifiers>
        <balance>4000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73080</valUSD>
        <pctVal>0.003985</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>Baidu, Inc.</name>
        <lei>N/A</lei>
        <title>Baidu, Inc. ADR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US0567521085"/>
        </identifiers>
        <balance>1000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>126590</valUSD>
        <pctVal>0.006903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Bradesco S.A.</name>
        <lei>N/A</lei>
        <title>Banco Bradesco S.A. ADR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US0594603039"/>
        </identifiers>
        <balance>17917</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61455.31</valUSD>
        <pctVal>0.003351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-11-25</ncom:dateSigned>
      <ncom:nameOfApplicant>Johnson Mutual Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Marc Figgins</ncom:signature>
      <ncom:signerName>Marc E. Figgins</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
