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      <invstOrSec>
        <name>Ambev SA</name>
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      <invstOrSec>
        <name>Diageo plc</name>
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      <invstOrSec>
        <name>American Express Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Derwent London plc</name>
        <lei>213800BXKQ9KZNUR1M61</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>British American Tobacco plc</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Elevance Health, Inc.</name>
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        <name>Automatic Data Processing, Inc.</name>
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      <invstOrSec>
        <name>BASF Agro Trademarks GmbH</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Barrick Mining Corp.</name>
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        <name>Bausch &amp; Lomb, Inc.</name>
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        <name>Becton Dickinson &amp; Co.</name>
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        <name>Berkshire Hathaway, Inc.</name>
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        <name>Lloyds Banking Group plc</name>
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        <name>Bio-Rad Laboratories, Inc.</name>
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        <name>BXP, Inc.</name>
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        <name>JG Boswell Co.</name>
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        <name>Brown &amp; Brown, Inc.</name>
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        <name>CH Robinson Worldwide, Inc.</name>
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        <name>Cargill, Inc.</name>
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        <name>Carlisle Cos., Inc.</name>
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        <name>Charter Communications, Inc.</name>
        <lei>0J0XRGZE3PBRFEZ7MV65</lei>
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      <invstOrSec>
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        <name>Cisco Systems, Inc.</name>
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        <name>Cisco Systems, Inc.</name>
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        <name>Cisco Systems, Inc.</name>
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      <invstOrSec>
        <name>Colgate-Palmolive Co.</name>
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      <invstOrSec>
        <name>Comcast Corp.</name>
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        <name>Agnico Eagle Mines Ltd.</name>
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        <name>Cullen/Frost Bankers, Inc.</name>
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        <name>Cummins, Inc.</name>
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        <name>Deere &amp; Co.</name>
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        <name>Industrias Penoles SAB de CV</name>
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        <name>Imperial Oil Ltd.</name>
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        <name>Dentsply Sirona, Inc.</name>
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        <name>Walt Disney Co. (The)</name>
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        <name>Dollar General Corp.</name>
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        <name>Douglas Emmett, Inc.</name>
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        <name>Grupo Mexico SAB de CV</name>
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        <name>Power Corp. of Canada</name>
        <lei>549300BE2CB8T87IJV50</lei>
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        <name>Engie SA</name>
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      <invstOrSec>
        <name>Engie SA</name>
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      <invstOrSec>
        <name>Engie SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Engie SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Engie SA</name>
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        <name>Engie SA</name>
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      <invstOrSec>
        <name>Engie SA</name>
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      <invstOrSec>
        <name>Engie SA</name>
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        <name>Engie SA</name>
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        <name>Equity Residential</name>
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        <name>Erste Abwicklungsanstalt</name>
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        <name>Expeditors International of Washington, Inc.</name>
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        <name>Extra Space Storage, Inc.</name>
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        <name>Exxon Mobil Corp.</name>
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        <name>Fomento Economico Mexicano SAB de CV</name>
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        <name>General Motors Financial Co., Inc.</name>
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      <invstOrSec>
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        <name>Johnson &amp; Johnson</name>
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        <name>JPMorgan US Government Money Market Fund</name>
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          <isin value="US6819375204"/>
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        <issuerCat>RF</issuerCat>
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        <name>Kreditanstalt fuer Wiederaufbau</name>
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          <isin value="US48246UE698"/>
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        <name>Microsoft Corp.</name>
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        <name>Mills Music Trust</name>
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        <name>USS Co. Ltd.</name>
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        <name>KT&amp;G Corp.</name>
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        <name>Chofu Seisakusho Co. Ltd.</name>
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        <name>NOV, Inc.</name>
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        <name>FANUC Corp.</name>
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        <name>Guoco Group Ltd.</name>
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        <name>Hirose Electric Co. Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hongkong Land Holdings Ltd.</name>
        <lei>213800XCHYNRPAYGXW28</lei>
        <title>Hongkong Land Holdings Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="BMG4587L1090"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hyundai Mobis Co. Ltd.</name>
        <lei>988400HJA9E0ZVDHRS65</lei>
        <title>Hyundai Mobis Co. Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="KR7012330007"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Jardine Matheson Holdings Ltd.</name>
        <lei>2138009KENVUNWOLPK41</lei>
        <title>Jardine Matheson Holdings Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="BMG507361001"/>
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        <balance>7051271.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Keyence Corp.</name>
        <lei>529900M7PQBS7A89DZ11</lei>
        <title>Keyence Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3236200006"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Newmont Corp.</name>
        <lei>549300VSP3RIX7FGDZ51</lei>
        <title>Newmont Corp.</title>
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          <isin value="US6516391066"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NAVER Corp.</name>
        <lei>988400ULUQYDB2HQYJ61</lei>
        <title>NAVER Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="KR7035420009"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mitsubishi Electric Corp.</name>
        <lei>549300TRXM9Y6561AX39</lei>
        <title>Mitsubishi Electric Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3902400005"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nutrien Ltd.</name>
        <lei>5493002QQ7GD21OWF963</lei>
        <title>Nutrien Ltd.</title>
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          <isin value="CA67077M1086"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SMC Corp.</name>
        <lei>353800O40V08DOZ70X62</lei>
        <title>SMC Corp.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3162600005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Samsung Electronics Co. Ltd.</name>
        <lei>9884007ER46L6N7EI764</lei>
        <title>Samsung Electronics Co. Ltd. (Preference)</title>
        <cusip>N/A</cusip>
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          <isin value="KR7005931001"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Secom Co. Ltd.</name>
        <lei>529900TYCL9N3E9PGE47</lei>
        <title>Secom Co. Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3421800008"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shimano, Inc.</name>
        <lei>529900L32YT3P9DECR10</lei>
        <title>Shimano, Inc.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3358000002"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Omnicom Group, Inc.</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
        <title>Omnicom Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ONEOK, Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>T Hasegawa Co. Ltd.</name>
        <lei>N/A</lei>
        <title>T Hasegawa Co. Ltd.</title>
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        <name>PPG Industries, Inc.</name>
        <lei>549300BKPEP01R3V6C59</lei>
        <title>PPG Industries, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PSP Capital, Inc.</name>
        <lei>549300B456N0WEIC5249</lei>
        <title>PSP Capital, Inc.</title>
        <cusip>69370BES7</cusip>
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        <assetCat>STIV</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-26</maturityDt>
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        <name>PSP Capital, Inc.</name>
        <lei>549300B456N0WEIC5249</lei>
        <title>PSP Capital, Inc.</title>
        <cusip>69370BEU2</cusip>
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        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-28</maturityDt>
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      <invstOrSec>
        <name>PSP Capital, Inc.</name>
        <lei>549300B456N0WEIC5249</lei>
        <title>PSP Capital, Inc.</title>
        <cusip>69370BHQ8</cusip>
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        <balance>55110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54439234.15000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-24</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sodexo SA</name>
        <lei>969500LCBOG12HXPYM84</lei>
        <title>Sodexo SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000121220"/>
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        <balance>2131829.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>108432405.00000000</valUSD>
        <pctVal>0.144840142491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Groupe Bruxelles Lambert NV</name>
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      <invstOrSec>
        <name>Nestle SA</name>
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        <invCountry>CH</invCountry>
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      <invstOrSec>
        <name>PepsiCo, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-15</maturityDt>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2026-05-18</maturityDt>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
        <cusip>71838MEM8</cusip>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2026-05-21</maturityDt>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
        <cusip>71838MEN6</cusip>
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          <isin value="US71838MEN65"/>
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        <curCd>USD</curCd>
        <valUSD>99773520.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-22</maturityDt>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
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        <debtSec>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
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        <debtSec>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
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      <invstOrSec>
        <name>Philip Morris International, Inc.</name>
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        <name>Wendel SE</name>
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        <name>Province of Quebec Canada</name>
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        <name>Province of Quebec Canada</name>
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      <invstOrSec>
        <name>Heineken NV</name>
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        <name>Saudi Arabian Oil Co.</name>
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        <name>Saudi Arabian Oil Co.</name>
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          <isin value="US80414PEB85"/>
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        <name>Saudi Arabian Oil Co.</name>
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        <name>Saudi Arabian Oil Co.</name>
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        <name>Saudi Arabian Oil Co.</name>
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      <invstOrSec>
        <name>Saudi Arabian Oil Co.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SLB Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CW</invCountry>

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        <name>Taiwan Semiconductor Manufacturing Co. Ltd.</name>
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        <name>Texas Instruments, Inc.</name>
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        <name>TotalEnergies Capital SA</name>
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        <name>United States of America</name>
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        <name>Universal Health Services, Inc.</name>
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        <name>Warrior Met Coal, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Waters Corp.</name>
        <lei>5T547R1474YC9HOD8Q74</lei>
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          <isin value="US9418481035"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Western Union Co. (The)</name>
        <lei>28ID94QU1140NC23S047</lei>
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          <isin value="US95980HE105"/>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Weyerhaeuser Co.</name>
        <lei>08IRJODWFYBI7QWRGS31</lei>
        <title>Weyerhaeuser Co.</title>
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          <isin value="US9621661043"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wheaton Precious Metals Corp.</name>
        <lei>549300XSFG5ZCGVYD886</lei>
        <title>Wheaton Precious Metals Corp.</title>
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          <isin value="CA9628791027"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Workday, Inc.</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>Workday, Inc., Class A</title>
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          <isin value="US98138H1014"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gold bullion</name>
        <lei>N/A</lei>
        <title>Gold bullion</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Sedol" value="1D8935S"/>
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        <descOthUnits>Ounces</descOthUnits>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rentokil Initial plc</name>
        <lei>549300VN4WV7Z6T14K68</lei>
        <title>Rentokil Initial plc</title>
        <cusip>N/A</cusip>
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          <isin value="GB00B082RF11"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Heineken Holding NV</name>
        <lei>724500M1WJLFM9TYBS04</lei>
        <title>Heineken Holding NV</title>
        <cusip>N/A</cusip>
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          <isin value="NL0000008977"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Schindler Holding AG</name>
        <lei>5299007DRLI319H7Q933</lei>
        <title>Schindler Holding AG</title>
        <cusip>N/A</cusip>
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          <isin value="CH0024638196"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Schindler Holding AG</name>
        <lei>5299007DRLI319H7Q933</lei>
        <title>Schindler Holding AG (Registered)</title>
        <cusip>N/A</cusip>
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          <isin value="CH0024638212"/>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Legrand SA</name>
        <lei>969500XXRPGD7HCAFA90</lei>
        <title>Legrand SA</title>
        <cusip>N/A</cusip>
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          <isin value="FR0010307819"/>
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        <balance>1813338.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Samsung Life Insurance Co. Ltd.</name>
        <lei>988400VYE6E0WYSM4S92</lei>
        <title>Samsung Life Insurance Co. Ltd.</title>
        <cusip>N/A</cusip>
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          <isin value="KR7032830002"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Orkla ASA</name>
        <lei>549300PZS8G8RG6RVZ52</lei>
        <title>Orkla ASA</title>
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        <invCountry>NO</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Danone SA</name>
        <lei>969500KMUQ2B6CBAF162</lei>
        <title>Danone SA</title>
        <cusip>N/A</cusip>
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          <isin value="FR0000120644"/>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Franco-Nevada Corp.</name>
        <lei>98450064C1B5D3E94864</lei>
        <title>Franco-Nevada Corp.</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RELX plc</name>
        <lei>549300WSX3VBUFFJOO66</lei>
        <title>RELX plc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MS&amp;AD Insurance Group Holdings, Inc.</name>
        <lei>529900CXROT5S2HMMP26</lei>
        <title>MS&amp;AD Insurance Group Holdings, Inc.</title>
        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Fresnillo plc</name>
        <lei>549300JXWH1UV5J0XV81</lei>
        <title>Fresnillo plc</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hoshizaki Corp.</name>
        <lei>5299001QAMLGU3SRBG20</lei>
        <title>Hoshizaki Corp.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3845770001"/>
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        <invCountry>JP</invCountry>
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        <name>AIA Group Ltd.</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA Group Ltd.</title>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brenntag SE</name>
        <lei>NNROIXVWJ7CPSR27SV97</lei>
        <title>Brenntag SE</title>
        <cusip>N/A</cusip>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sompo Holdings, Inc.</name>
        <lei>353800CWW4SRGEYEB512</lei>
        <title>Sompo Holdings, Inc.</title>
        <cusip>N/A</cusip>
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          <isin value="JP3165000005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cie Financiere Richemont SA</name>
        <lei>549300YIPGJ6UX2QPS51</lei>
        <title>Cie Financiere Richemont SA (Registered)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0210483332"/>
        </identifiers>
        <balance>4111323.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>789034425.78000000</valUSD>
        <pctVal>1.053964067851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prosus NV</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>Prosus NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0013654783"/>
        </identifiers>
        <balance>20090785.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>972655401.53000000</valUSD>
        <pctVal>1.299238423724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alibaba Group Holding Ltd.</name>
        <lei>5493001NTNQJDH60PM02</lei>
        <title>Alibaba Group Holding Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG017191142"/>
        </identifiers>
        <balance>31743592.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>523166582.72000000</valUSD>
        <pctVal>0.698827277583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dassault Systemes SE</name>
        <lei>96950065LBWY0APQIM86</lei>
        <title>Dassault Systemes SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0014003TT8"/>
        </identifiers>
        <balance>38890364.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>876340599.57000000</valUSD>
        <pctVal>1.170584543549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Investor AB</name>
        <lei>549300VEBQPHRZBKUX38</lei>
        <title>Investor AB, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015811955"/>
        </identifiers>
        <balance>3276504.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>131140668.01000000</valUSD>
        <pctVal>0.175173030986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Investor AB</name>
        <lei>549300VEBQPHRZBKUX38</lei>
        <title>Investor AB, Class B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015811963"/>
        </identifiers>
        <balance>11255824.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>456824165.23000000</valUSD>
        <pctVal>0.610209440485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Haleon plc</name>
        <lei>549300PSB3WWEODCUP19</lei>
        <title>Haleon plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BMX86B70"/>
        </identifiers>
        <balance>110675488.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488884"/>
        <valUSD>511085183.77000000</valUSD>
        <pctVal>0.682689375400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Universal Music Group NV</name>
        <lei>724500GJBUL3D9TW9Y18</lei>
        <title>Universal Music Group NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015000IY2"/>
        </identifiers>
        <balance>7867984.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>164972804.32000000</valUSD>
        <pctVal>0.220364793024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Berkeley Group Holdings plc</name>
        <lei>2138009OQSSLVVHQAL78</lei>
        <title>Berkeley Group Holdings plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BP0RGD03"/>
        </identifiers>
        <balance>6528960.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488884"/>
        <valUSD>284267466.31000000</valUSD>
        <pctVal>0.379714351314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shell plc</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>Shell plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BP6MXD84"/>
        </identifiers>
        <balance>17526038.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>791312949.93000000</valUSD>
        <pctVal>1.057007639213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pluxee NV</name>
        <lei>213800RQNIQT48SEEO85</lei>
        <title>Pluxee NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015001W49"/>
        </identifiers>
        <balance>1724952.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>24510955.06000000</valUSD>
        <pctVal>0.032740860294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brazilian Real</name>
        <lei>N/A</lei>
        <title>Brazilian Real</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="BRL"/>
        </identifiers>
        <balance>0.11000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="BRL" exchangeRt="4.95180000"/>
        <valUSD>0.02000000</valUSD>
        <pctVal>0.000000000026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magnum Ice Cream Co. NV (The)</name>
        <lei>25490052LLF3XH6G9847</lei>
        <title>Magnum Ice Cream Co. NV (The)</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015002MS2"/>
        </identifiers>
        <balance>12312089.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>179759035.59000000</valUSD>
        <pctVal>0.240115713831</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>Reckitt Benckiser Group plc</name>
        <lei>5493003JFSMOJG48V108</lei>
        <title>Reckitt Benckiser Group plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BSZBP530"/>
        </identifiers>
        <balance>9554173.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488884"/>
        <valUSD>607918915.37000000</valUSD>
        <pctVal>0.812036423295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unilever plc</name>
        <lei>549300MKFYEKVRWML317</lei>
        <title>Unilever plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BVZK7T90"/>
        </identifiers>
        <balance>11461692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>671208494.71000000</valUSD>
        <pctVal>0.896576387984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wal-Mart de Mexico SAB de CV</name>
        <lei>N/A</lei>
        <title>Wal-Mart de Mexico SAB de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01WA000038"/>
        </identifiers>
        <balance>195791006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="17.46850000"/>
        <valUSD>617237352.97000000</valUSD>
        <pctVal>0.824483660169</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>Svenska Handelsbanken AB</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
        <title>Svenska Handelsbanken AB, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0007100599"/>
        </identifiers>
        <balance>10429006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>148195475.21000000</valUSD>
        <pctVal>0.197954234677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CK Asset Holdings Ltd.</name>
        <lei>5299006GJZSGP78B8S35</lei>
        <title>CK Asset Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2177B1014"/>
        </identifiers>
        <balance>54929000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>346011820.27000000</valUSD>
        <pctVal>0.462190259006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian Dollar</name>
        <lei>N/A</lei>
        <title>Canadian Dollar</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="CAD"/>
        </identifiers>
        <balance>-0.06000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="CAD" exchangeRt="1.35835000"/>
        <valUSD>-0.04000000</valUSD>
        <pctVal>-0.00000000005</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swiss Franc</name>
        <lei>N/A</lei>
        <title>Swiss Franc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="CHF"/>
        </identifiers>
        <balance>-0.01000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>-0.01000000</valUSD>
        <pctVal>-0.00000000001</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURO</name>
        <lei>N/A</lei>
        <title>EURO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="EUR"/>
        </identifiers>
        <balance>15935167.85000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="EUR" exchangeRt="0.85204277"/>
        <valUSD>18702309.74000000</valUSD>
        <pctVal>0.024981878873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Medtronic plc</name>
        <lei>549300GX3ZBSQWUXY261</lei>
        <title>Medtronic plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BTN1Y115"/>
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        <balance>6658084.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>539105061.48000000</valUSD>
        <pctVal>0.720117329526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Noble Corp. plc</name>
        <lei>549300I3HBUNXO0OG954</lei>
        <title>Noble Corp. plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BMXNWH07"/>
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        <balance>9907985.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>505604474.55000000</valUSD>
        <pctVal>0.675368439335</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>Willis Towers Watson plc</name>
        <lei>549300WHC56FF48KL350</lei>
        <title>Willis Towers Watson plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BDB6Q211"/>
        </identifiers>
        <balance>2511169.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>643361497.80000000</valUSD>
        <pctVal>0.859379361870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>British Pound</name>
        <lei>N/A</lei>
        <title>British Pound</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="GBP"/>
        </identifiers>
        <balance>0.84000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="GBP" exchangeRt="0.73488884"/>
        <valUSD>1.14000000</valUSD>
        <pctVal>0.000000001522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Indian Rupee</name>
        <lei>N/A</lei>
        <title>Indian Rupee</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="INR"/>
        </identifiers>
        <balance>168.55000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="INR" exchangeRt="94.91375000"/>
        <valUSD>1.78000000</valUSD>
        <pctVal>0.000000002377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japanese Yen</name>
        <lei>N/A</lei>
        <title>Japanese Yen</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="JPY"/>
        </identifiers>
        <balance>-4.00000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>-0.03000000</valUSD>
        <pctVal>-0.00000000004</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>South Korea Won</name>
        <lei>N/A</lei>
        <title>South Korea Won</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="KRW"/>
        </identifiers>
        <balance>6935.51000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="KRW" exchangeRt="1483.20000000"/>
        <valUSD>4.68000000</valUSD>
        <pctVal>0.000000006251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swedish Krona</name>
        <lei>N/A</lei>
        <title>Swedish Krona</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="SEK"/>
        </identifiers>
        <balance>-0.01000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Singapore Dollar</name>
        <lei>N/A</lei>
        <title>Singapore Dollar</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="ISO Currency code" value="SGD"/>
        </identifiers>
        <balance>0.01000000</balance>
        <units>OU</units>
        <descOthUnits>Currencies</descOthUnits>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>0.01000000</valUSD>
        <pctVal>0.000000000013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Foreign currencies" issuerCat="OTHER"/>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>First Eagle Funds</ncom:nameOfApplicant>
      <ncom:signature>Shuang Wu</ncom:signature>
      <ncom:signerName>Shuang Wu</ncom:signerName>
      <ncom:title> Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
