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          <ccc>XXXXXXXX</ccc>
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      <regLei>5493004ZY1PEJR3C0A81</regLei>
      <regStreet1>50 South LaSalle Street</regStreet1>
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      <regZipOrPostalCode>60603</regZipOrPostalCode>
      <regPhone>800-595-9111</regPhone>
      <seriesName>International Equity Index Fund</seriesName>
      <seriesId>S000001268</seriesId>
      <seriesLei>549300L9EM1GT0ES4W02</seriesLei>
      <repPdEnd>2026-03-31</repPdEnd>
      <repPdDate>2026-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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        <valUSD>11947357.82</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        </identifiers>
        <balance>263847</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>9170947.22</valUSD>
        <pctVal>0.1502381791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRITISH AMERICAN TOBACCO</name>
        <lei>213800FKA5MF17RJKT63</lei>
        <title>BRITISH AMERICAN TOBACCO</title>
        <cusip>G1510J102</cusip>
        <identifiers>
          <isin value="GB0002875804"/>
          <ticker value="BTAFF"/>
        </identifiers>
        <balance>632070</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>36818514.19</valUSD>
        <pctVal>0.6031597823</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>WHITBREAD PLC ORD GBP0.76</name>
        <lei>2138006LIAYQKUCYBB20</lei>
        <title>WHITBREAD PLC ORD GBP0.76</title>
        <cusip>G9606P197</cusip>
        <identifiers>
          <isin value="GB00B1KJJ408"/>
          <ticker value="WTBCF"/>
        </identifiers>
        <balance>49617</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>1508088.84</valUSD>
        <pctVal>0.0247054656</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>SMITHS GRP. PLC</name>
        <lei>213800MJL6IPZS3ASA11</lei>
        <title>SMITHS GRP. PLC</title>
        <cusip>G82401111</cusip>
        <identifiers>
          <isin value="GB00B1WY2338"/>
          <ticker value="SMGKF"/>
        </identifiers>
        <balance>93409</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>2845047.02</valUSD>
        <pctVal>0.0466074740</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>HALMA PLC</name>
        <lei>2138007FRGLUR9KGBT40</lei>
        <title>HALMA PLC</title>
        <cusip>G42504103</cusip>
        <identifiers>
          <isin value="GB0004052071"/>
          <ticker value="HLMAF"/>
        </identifiers>
        <balance>111642</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>5671912.33</valUSD>
        <pctVal>0.0929170957</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>PEARSON PLC</name>
        <lei>2138004JBXWWJKIURC57</lei>
        <title>PEARSON PLC</title>
        <cusip>G69651100</cusip>
        <identifiers>
          <isin value="GB0006776081"/>
          <ticker value="PSORF"/>
        </identifiers>
        <balance>170338</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>2235189.01</valUSD>
        <pctVal>0.0366167985</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>SSE PLC</name>
        <lei>549300KI75VYLLMSK856</lei>
        <title>SSE PLC</title>
        <cusip>G8842P102</cusip>
        <identifiers>
          <isin value="GB0007908733"/>
          <ticker value="SSEZF"/>
        </identifiers>
        <balance>347886</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>12010429.21</valUSD>
        <pctVal>0.1967544869</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>LLOYDS BANKING GROUP PLC</name>
        <lei>549300PPXHEU2JF0AM85</lei>
        <title>LLOYDS BANKING GROUP PLC</title>
        <cusip>G5533W248</cusip>
        <identifiers>
          <isin value="GB0008706128"/>
          <ticker value="LLDTF"/>
        </identifiers>
        <balance>17033082</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>21052120.86</valUSD>
        <pctVal>0.3448752052</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>ASTRAZENECA PLC DI</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>ASTRAZENECA PLC DI</title>
        <cusip>G0593M107</cusip>
        <identifiers>
          <isin value="GB0009895292"/>
          <ticker value="AZN"/>
        </identifiers>
        <balance>449881</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>87869876.79</valUSD>
        <pctVal>1.4394816554</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>JULIUS BAER GRP. LTD</name>
        <lei>5299007MF0604ZGJER92</lei>
        <title>JULIUS BAER GRP. LTD</title>
        <cusip>H4414N103</cusip>
        <identifiers>
          <isin value="CH0102484968"/>
          <ticker value="JBARF"/>
        </identifiers>
        <balance>60491</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>4457494.68</valUSD>
        <pctVal>0.0730225426</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>NORTHERN STAR RES. LTD</name>
        <lei>254900XFXCRYYZAX6M78</lei>
        <title>NORTHERN STAR RES. LTD</title>
        <cusip>Q6951U101</cusip>
        <identifiers>
          <isin value="AU000000NST8"/>
          <ticker value="NESRF"/>
        </identifiers>
        <balance>399861</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>5837501.54</valUSD>
        <pctVal>0.0956297731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVOLUTION MINING LTD</name>
        <lei>254900BCFW5QO5LW8F27</lei>
        <title>EVOLUTION MINING LTD</title>
        <cusip>Q3647R147</cusip>
        <identifiers>
          <isin value="AU000000EVN4"/>
          <ticker value="CAHPF"/>
        </identifiers>
        <balance>596574</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>5406613.16</valUSD>
        <pctVal>0.0885709727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIPOL ASSICURAZIONI SPA</name>
        <lei>8156005CE5E7340CCA86</lei>
        <title>UNIPOL ASSICURAZIONI SPA</title>
        <cusip>T9532W106</cusip>
        <identifiers>
          <isin value="IT0004810054"/>
          <ticker value="UPZPF"/>
        </identifiers>
        <balance>106280</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2487946.29</valUSD>
        <pctVal>0.0407574606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FRESNILLO PLC</name>
        <lei>549300JXWH1UV5J0XV81</lei>
        <title>FRESNILLO PLC</title>
        <cusip>G371E2108</cusip>
        <identifiers>
          <isin value="GB00B2QPKJ12"/>
          <ticker value="FNLPF"/>
        </identifiers>
        <balance>65471</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>2900333.67</valUSD>
        <pctVal>0.0475131782</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>GLENCORE PLC</name>
        <lei>2138002658CPO9NBH955</lei>
        <title>GLENCORE PLC</title>
        <cusip>G39420107</cusip>
        <identifiers>
          <isin value="JE00B4T3BW64"/>
          <ticker value="GLCNF"/>
        </identifiers>
        <balance>2881723</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>21958735.69</valUSD>
        <pctVal>0.3597273418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIA GRP. LTD</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA GRP. LTD</title>
        <cusip>Y002A1105</cusip>
        <identifiers>
          <isin value="HK0000069689"/>
          <ticker value="AAIGF"/>
        </identifiers>
        <balance>3050886</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>34273193.04</valUSD>
        <pctVal>0.5614624084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KESKO OYJ</name>
        <lei>743700OX6HSVMCAHPB95</lei>
        <title>KESKO OYJ</title>
        <cusip>X44874109</cusip>
        <identifiers>
          <isin value="FI0009000202"/>
          <ticker value="KKOYF"/>
        </identifiers>
        <balance>80549</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1782513.14</valUSD>
        <pctVal>0.0292010762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GENERALI</name>
        <lei>549300X5UKJVE386ZB61</lei>
        <title>GENERALI</title>
        <cusip>T05040109</cusip>
        <identifiers>
          <isin value="IT0000062072"/>
          <ticker value="ARZGF"/>
        </identifiers>
        <balance>246898</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>9955119.1</valUSD>
        <pctVal>0.1630844590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KINGSPAN GRP. PLC</name>
        <lei>635400HM7V74SUB9OG75</lei>
        <title>KINGSPAN GRP. PLC</title>
        <cusip>G52654103</cusip>
        <identifiers>
          <isin value="IE0004927939"/>
          <ticker value="KGSPF"/>
        </identifiers>
        <balance>45403</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3832429.5</valUSD>
        <pctVal>0.0627827438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HONG KONG EXCHANGES &amp; CLE</name>
        <lei>213800YTVSXYQN17BW16</lei>
        <title>HONG KONG EXCHANGES &amp; CLE</title>
        <cusip>Y3506N139</cusip>
        <identifiers>
          <isin value="HK0388045442"/>
          <ticker value="HKXCF"/>
        </identifiers>
        <balance>347796</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>17628148.18</valUSD>
        <pctVal>0.2887837886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED UTILITIES GRP. PLC</name>
        <lei>2138002IEYQAOC88ZJ59</lei>
        <title>UNITED UTILITIES GRP. PLC</title>
        <cusip>G92755100</cusip>
        <identifiers>
          <isin value="GB00B39J2M42"/>
          <ticker value="UUGWF"/>
        </identifiers>
        <balance>201948</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>3530531.17</valUSD>
        <pctVal>0.0578370545</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>BASF SE</name>
        <lei>529900PM64WH8AF1E917</lei>
        <title>BASF SE</title>
        <cusip>D06216317</cusip>
        <identifiers>
          <isin value="DE000BASF111"/>
          <ticker value="BAS"/>
        </identifiers>
        <balance>258543</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>15622789.76</valUSD>
        <pctVal>0.2559320678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GJENSIDIGE FORSIKRING ASA</name>
        <lei>5967007LIEEXZX6FAO47</lei>
        <title>GJENSIDIGE FORSIKRING ASA</title>
        <cusip>R2763X101</cusip>
        <identifiers>
          <isin value="NO0010582521"/>
          <ticker value="GJNSF"/>
        </identifiers>
        <balance>58644</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6829"/>
        <valUSD>1530891.08</valUSD>
        <pctVal>0.0250790112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AGEAS SA/NV</name>
        <lei>5493005DJBML6LY3RV36</lei>
        <title>AGEAS SA/NV</title>
        <cusip>B0148L138</cusip>
        <identifiers>
          <isin value="BE0974264930"/>
          <ticker value="AGESF"/>
        </identifiers>
        <balance>43726</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3202584.69</valUSD>
        <pctVal>0.0524646452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASML HLDG. NV</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML HLDG. NV</title>
        <cusip>N07059202</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
          <ticker value="ASMLF"/>
        </identifiers>
        <balance>112580</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>149015051.87</valUSD>
        <pctVal>2.4411600583</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>ASX LTD</name>
        <lei>549300VSBVYUCBIQKT71</lei>
        <title>ASX LTD</title>
        <cusip>Q0604U105</cusip>
        <identifiers>
          <isin value="AU000000ASX7"/>
          <ticker value="ASXFF"/>
        </identifiers>
        <balance>57105</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>2073197.43</valUSD>
        <pctVal>0.0339630574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONTACT ENERGY LTD</name>
        <lei>549300FT5JOXS1PZ1I32</lei>
        <title>CONTACT ENERGY LTD</title>
        <cusip>Q2818G104</cusip>
        <identifiers>
          <isin value="NZCENE0001S6"/>
          <ticker value="COENF"/>
        </identifiers>
        <balance>264417</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.7401896"/>
        <valUSD>1411402.44</valUSD>
        <pctVal>0.0231215519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZENSHO HLDGS. CO LTD</name>
        <lei>353800DYF3UDM49ITT03</lei>
        <title>ZENSHO HLDGS. CO LTD</title>
        <cusip>J9885X108</cusip>
        <identifiers>
          <isin value="JP3429300001"/>
          <ticker value="ZSHOF"/>
        </identifiers>
        <balance>27000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1566150.16</valUSD>
        <pctVal>0.0256566244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DBS GRP. HLDGS. LTD</name>
        <lei>5493007FKT78NKPM5V55</lei>
        <title>DBS GRP. HLDGS. LTD</title>
        <cusip>Y20246107</cusip>
        <identifiers>
          <isin value="SG1L01001701"/>
          <ticker value="DBSDF"/>
        </identifiers>
        <balance>616705</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>27402261.1</valUSD>
        <pctVal>0.4489030099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANA HLDGS. INC</name>
        <lei>5493008IRKIY0G3TE305</lei>
        <title>ANA HLDGS. INC</title>
        <cusip>J0156Q112</cusip>
        <identifiers>
          <isin value="JP3429800000"/>
          <ticker value="ALNPF"/>
        </identifiers>
        <balance>45600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>810775.96</valUSD>
        <pctVal>0.0132821072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORIGIN ENERGY LTD</name>
        <lei>ZSN2LWNPYW6ISMRUC664</lei>
        <title>ORIGIN ENERGY LTD</title>
        <cusip>Q71610101</cusip>
        <identifiers>
          <isin value="AU000000ORG5"/>
          <ticker value="ORG"/>
        </identifiers>
        <balance>510105</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>4371791.24</valUSD>
        <pctVal>0.0716185514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RAKUTEN GRP. INC</name>
        <lei>529900IMXUCQKUL1H943</lei>
        <title>RAKUTEN GRP. INC</title>
        <cusip>J64264104</cusip>
        <identifiers>
          <isin value="JP3967200001"/>
          <ticker value="RKUNF"/>
        </identifiers>
        <balance>453700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2116147.04</valUSD>
        <pctVal>0.0346666566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARISTOCRAT LEISURE LTD</name>
        <lei>529900TE2HO3OZKYKC27</lei>
        <title>ARISTOCRAT LEISURE LTD</title>
        <cusip>Q0521T108</cusip>
        <identifiers>
          <isin value="AU000000ALL7"/>
          <ticker value="ARLUF"/>
        </identifiers>
        <balance>161856</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>5142867.77</valUSD>
        <pctVal>0.0842503038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MTR CORP LTD</name>
        <lei>254900IH4U9NHH9AQM97</lei>
        <title>MTR CORP LTD</title>
        <cusip>Y6146T101</cusip>
        <identifiers>
          <isin value="HK0066009694"/>
          <ticker value="MTRJF"/>
        </identifiers>
        <balance>457636</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>1877979.84</valUSD>
        <pctVal>0.0307650088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="14276.410000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINGAPORE EXCHANGE LTD</name>
        <lei>549300IQ650PPXM76X03</lei>
        <title>SINGAPORE EXCHANGE LTD</title>
        <cusip>Y79946102</cusip>
        <identifiers>
          <isin value="SG1J26887955"/>
          <ticker value="SPXCF"/>
        </identifiers>
        <balance>252500</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>3874327.39</valUSD>
        <pctVal>0.0634691137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITSUBISHI UFJ FINL. GRP.</name>
        <lei>353800V2V8PUY9TK3E06</lei>
        <title>MITSUBISHI UFJ FINL. GRP.</title>
        <cusip>J44497105</cusip>
        <identifiers>
          <isin value="JP3902900004"/>
          <ticker value="MBFJF"/>
        </identifiers>
        <balance>3271195</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>55269020.77</valUSD>
        <pctVal>0.9054154213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINGAPORE TECHS. ENG. LTD</name>
        <lei>254900OEXGGWCR24DG90</lei>
        <title>SINGAPORE TECHS. ENG. LTD</title>
        <cusip>Y7996W103</cusip>
        <identifiers>
          <isin value="SG1F60858221"/>
          <ticker value="SGGKF"/>
        </identifiers>
        <balance>446000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>3801111.83</valUSD>
        <pctVal>0.0622696987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INSURANCE AUSTRALIA GROUP</name>
        <lei>549300PFEWKNHRG25N08</lei>
        <title>INSURANCE AUSTRALIA GROUP</title>
        <cusip>Q49361100</cusip>
        <identifiers>
          <isin value="AU000000IAG3"/>
          <ticker value="IAG"/>
        </identifiers>
        <balance>700469</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>3525018.59</valUSD>
        <pctVal>0.0577467476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AGC INC</name>
        <lei>JE4WFFEELMVPFZ0G1E77</lei>
        <title>AGC INC</title>
        <cusip>J0025W100</cusip>
        <identifiers>
          <isin value="JP3112000009"/>
          <ticker value="ASGLF"/>
        </identifiers>
        <balance>57600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2031308.36</valUSD>
        <pctVal>0.0332768319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASICS CORP</name>
        <lei>3538002LJMRZ83SU0B85</lei>
        <title>ASICS CORP</title>
        <cusip>J03234150</cusip>
        <identifiers>
          <isin value="JP3118000003"/>
          <ticker value="ASCCF"/>
        </identifiers>
        <balance>200900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>5342182.32</valUSD>
        <pctVal>0.0875154687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAPITALAND INTEGRATED COM</name>
        <lei>54930031292WUTXF0L29</lei>
        <title>CAPITALAND INTEGRATED COM</title>
        <cusip>Y0259J109</cusip>
        <identifiers>
          <isin value="SG1M51904654"/>
          <ticker value="C38U"/>
        </identifiers>
        <balance>1793083</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>3220351.12</valUSD>
        <pctVal>0.0527556943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIZRAHI TEFAHOT BANK LTD</name>
        <lei>YZO9YEGEO4VYDZMDWF93</lei>
        <title>MIZRAHI TEFAHOT BANK LTD</title>
        <cusip>M7031A135</cusip>
        <identifiers>
          <isin value="IL0006954379"/>
          <ticker value="MZTF"/>
        </identifiers>
        <balance>45992</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.1443"/>
        <valUSD>3335092.9</valUSD>
        <pctVal>0.0546353907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JFE HLDGS. INC</name>
        <lei>3538002Y11Y03NA9B530</lei>
        <title>JFE HLDGS. INC</title>
        <cusip>J2817M100</cusip>
        <identifiers>
          <isin value="JP3386030005"/>
          <ticker value="JFEEF"/>
        </identifiers>
        <balance>167900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1955746.06</valUSD>
        <pctVal>0.0320389726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO MITSUI FINL. GRP</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>SUMITOMO MITSUI FINL. GRP</title>
        <cusip>J7771X109</cusip>
        <identifiers>
          <isin value="JP3890350006"/>
          <ticker value="SMFNF"/>
        </identifiers>
        <balance>1063026</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>35041211.63</valUSD>
        <pctVal>0.5740440657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIZUHO FINL. GRP. INC</name>
        <lei>353800CI5L6DDAN5XZ33</lei>
        <title>MIZUHO FINL. GRP. INC</title>
        <cusip>J4599L102</cusip>
        <identifiers>
          <isin value="JP3885780001"/>
          <ticker value="MZHOF"/>
        </identifiers>
        <balance>722118</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>28823230.96</valUSD>
        <pctVal>0.4721812950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESTPAC BANKING CORP</name>
        <lei>EN5TNI6CI43VEPAMHL14</lei>
        <title>WESTPAC BANKING CORP</title>
        <cusip>Q97417101</cusip>
        <identifiers>
          <isin value="AU000000WBC1"/>
          <ticker value="WEBNF"/>
        </identifiers>
        <balance>989301</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>27177241.81</valUSD>
        <pctVal>0.4452167507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK LEUMI LE-ISRAEL BM</name>
        <lei>7JDSZWRGUQY2DSTWCR57</lei>
        <title>BANK LEUMI LE-ISRAEL BM</title>
        <cusip>M16043107</cusip>
        <identifiers>
          <isin value="IL0006046119"/>
          <ticker value="BLMIF"/>
        </identifiers>
        <balance>426347</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.1443"/>
        <valUSD>9501252.37</valUSD>
        <pctVal>0.1556492280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M3 INC</name>
        <lei>3538001UOKRWIODYM055</lei>
        <title>M3 INC</title>
        <cusip>J4697J108</cusip>
        <identifiers>
          <isin value="JP3435750009"/>
          <ticker value="2413"/>
        </identifiers>
        <balance>133000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1357798.24</valUSD>
        <pctVal>0.0222434096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OVERSEA-CHINESE BANKING C</name>
        <lei>5493007O3QFXCPOGWK22</lei>
        <title>OVERSEA-CHINESE BANKING C</title>
        <cusip>Y64248209</cusip>
        <identifiers>
          <isin value="SG1S04926220"/>
          <ticker value="OVCHF"/>
        </identifiers>
        <balance>980251</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>16882843.05</valUSD>
        <pctVal>0.2765742226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTRAL JAPAN RAILWAY CO</name>
        <lei>353800YAR3OVUITHTG64</lei>
        <title>CENTRAL JAPAN RAILWAY CO</title>
        <cusip>J05523105</cusip>
        <identifiers>
          <isin value="JP3566800003"/>
          <ticker value="CJPRF"/>
        </identifiers>
        <balance>221900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>5746114.67</valUSD>
        <pctVal>0.0941326762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHUBU ELEC. POWER CO INC</name>
        <lei>529900A76GOP0PGNHT63</lei>
        <title>CHUBU ELEC. POWER CO INC</title>
        <cusip>J06510101</cusip>
        <identifiers>
          <isin value="JP3526600006"/>
          <ticker value="CHUEF"/>
        </identifiers>
        <balance>201000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3299718.98</valUSD>
        <pctVal>0.0540558962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RIO TINTO LTD</name>
        <lei>529900X2VMAQT2PE0V24</lei>
        <title>RIO TINTO LTD</title>
        <cusip>Q81437107</cusip>
        <identifiers>
          <isin value="AU000000RIO1"/>
          <ticker value="RTNTF"/>
        </identifiers>
        <balance>107301</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>12064263.1</valUSD>
        <pctVal>0.1976363920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KDDI CORP</name>
        <lei>5299003FU7V4I45FU310</lei>
        <title>KDDI CORP</title>
        <cusip>J31843105</cusip>
        <identifiers>
          <isin value="JP3496400007"/>
          <ticker value="KDDIF"/>
        </identifiers>
        <balance>847800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>14518493.59</valUSD>
        <pctVal>0.2378415215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAIKIN INDS. LTD</name>
        <lei>549300Y7FWSTSHMW5Y57</lei>
        <title>DAIKIN INDS. LTD</title>
        <cusip>J10038115</cusip>
        <identifiers>
          <isin value="JP3481800005"/>
          <ticker value="DKILF"/>
        </identifiers>
        <balance>76100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>9232137.67</valUSD>
        <pctVal>0.1512405992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAIWA SECS. GRP. INC</name>
        <lei>353800WRC7Y23PWFJG38</lei>
        <title>DAIWA SECS. GRP. INC</title>
        <cusip>J11718111</cusip>
        <identifiers>
          <isin value="JP3502200003"/>
          <ticker value="DSECF"/>
        </identifiers>
        <balance>394400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3709782.54</valUSD>
        <pctVal>0.0607735450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITSUBISHI HC CAP. INC</name>
        <lei>353800MZ3QX9RLMH7B09</lei>
        <title>MITSUBISHI HC CAP. INC</title>
        <cusip>J4706D100</cusip>
        <identifiers>
          <isin value="JP3499800005"/>
          <ticker value="MIUFF"/>
        </identifiers>
        <balance>251800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2249668.48</valUSD>
        <pctVal>0.0368540008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EBARA CORP</name>
        <lei>353800UV8U3SOMCDTI49</lei>
        <title>EBARA CORP</title>
        <cusip>J12600128</cusip>
        <identifiers>
          <isin value="JP3166000004"/>
          <ticker value="EBCOF"/>
        </identifiers>
        <balance>136100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3834958.62</valUSD>
        <pctVal>0.0628241758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELBIT SYS. LTD</name>
        <lei>529900Q9CB1REUMZSS32</lei>
        <title>ELBIT SYS. LTD</title>
        <cusip>M3760D101</cusip>
        <identifiers>
          <isin value="IL0010811243"/>
          <ticker value="ESLT"/>
        </identifiers>
        <balance>8007</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.1443"/>
        <valUSD>6707465.24</valUSD>
        <pctVal>0.1098814920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUBARU CORP</name>
        <lei>549300N244BVAEE6HH86</lei>
        <title>SUBARU CORP</title>
        <cusip>J7676H100</cusip>
        <identifiers>
          <isin value="JP3814800003"/>
          <ticker value="FUJHF"/>
        </identifiers>
        <balance>172800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2760535.04</valUSD>
        <pctVal>0.0452230013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HITACHI LTD</name>
        <lei>549300T6IPOCDWLKC615</lei>
        <title>HITACHI LTD</title>
        <cusip>J20454112</cusip>
        <identifiers>
          <isin value="JP3788600009"/>
          <ticker value="HTHIF"/>
        </identifiers>
        <balance>1328800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>38835005.68</valUSD>
        <pctVal>0.6361938847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HONDA MOTOR CO LTD</name>
        <lei>549300P7ZYCQJ36CCS16</lei>
        <title>HONDA MOTOR CO LTD</title>
        <cusip>J22302111</cusip>
        <identifiers>
          <isin value="JP3854600008"/>
          <ticker value="HNDAF"/>
        </identifiers>
        <balance>1066100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>8629634.18</valUSD>
        <pctVal>0.1413704053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEIBU HLDGS. INC</name>
        <lei>353800JY9TYV9WTCN620</lei>
        <title>SEIBU HLDGS. INC</title>
        <cusip>J7030Q119</cusip>
        <identifiers>
          <isin value="JP3417200007"/>
          <ticker value="SEIBF"/>
        </identifiers>
        <balance>59400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1658685.52</valUSD>
        <pctVal>0.0271725359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NN GRP. NV</name>
        <lei>724500OHYNDT9OY6Q215</lei>
        <title>NN GRP. NV</title>
        <cusip>N64038107</cusip>
        <identifiers>
          <isin value="NL0010773842"/>
          <ticker value="NNGPF"/>
        </identifiers>
        <balance>77875</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6091484.55</valUSD>
        <pctVal>0.0997905151</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>INDUSTRIA DE DISENO TEXTI</name>
        <lei>549300TTCXZOGZM2EY83</lei>
        <title>INDUSTRIA DE DISENO TEXTI</title>
        <cusip>E6282J125</cusip>
        <identifiers>
          <isin value="ES0148396007"/>
          <ticker value="IDEXF"/>
        </identifiers>
        <balance>314992</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>18110781.46</valUSD>
        <pctVal>0.2966902724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WH GROUP LIMITED USD0.000</name>
        <lei>254900A4AYEDRWYSE928</lei>
        <title>WH GROUP LIMITED USD0.000</title>
        <cusip>G96007102</cusip>
        <identifiers>
          <isin value="KYG960071028"/>
          <ticker value="WHGRF"/>
        </identifiers>
        <balance>2387213</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>3145594.39</valUSD>
        <pctVal>0.0515310319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INFORMA PLC</name>
        <lei>5493006VM2LKUPSEDU20</lei>
        <title>INFORMA PLC</title>
        <cusip>G4770L106</cusip>
        <identifiers>
          <isin value="GB00BMJ6DW54"/>
          <ticker value="IFPJF"/>
        </identifiers>
        <balance>384082</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>3828961.91</valUSD>
        <pctVal>0.0627259378</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>MONCLER SPA</name>
        <lei>815600EBD7FB00525B20</lei>
        <title>MONCLER SPA</title>
        <cusip>T6730E110</cusip>
        <identifiers>
          <isin value="IT0004965148"/>
          <ticker value="MONRF"/>
        </identifiers>
        <balance>68529</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4130056.29</valUSD>
        <pctVal>0.0676584568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VODAFONE GRP. PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VODAFONE GRP. PLC</title>
        <cusip>G93882192</cusip>
        <identifiers>
          <isin value="GB00BH4HKS39"/>
          <ticker value="VODPF"/>
        </identifiers>
        <balance>5380056</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>8157592.86</valUSD>
        <pctVal>0.1336374387</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>MEDIBANK PVT LTD</name>
        <lei>BDYVSUPTML83OLINBJ17</lei>
        <title>MEDIBANK PVT LTD</title>
        <cusip>Q5921Q109</cusip>
        <identifiers>
          <isin value="AU000000MPL3"/>
          <ticker value="MDBPF"/>
        </identifiers>
        <balance>796041</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>2409080.81</valUSD>
        <pctVal>0.0394654887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FINECOBANK BANCA FINECO S</name>
        <lei>549300L7YCATGO57ZE10</lei>
        <title>FINECOBANK BANCA FINECO S</title>
        <cusip>T4R999104</cusip>
        <identifiers>
          <isin value="IT0000072170"/>
          <ticker value="FCBBF"/>
        </identifiers>
        <balance>183805</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4081013.75</valUSD>
        <pctVal>0.0668550434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIVARDEN AB</name>
        <lei>549300TM1DLIQI3B3T37</lei>
        <title>INDUSTRIVARDEN AB</title>
        <cusip>W45430100</cusip>
        <identifiers>
          <isin value="SE0000190126"/>
          <ticker value="IDTVF"/>
        </identifiers>
        <balance>32358</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>1610242.5</valUSD>
        <pctVal>0.0263789438</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>TOYOTA TSUSHO CORP</name>
        <lei>549300CEE2ENIUJNXB84</lei>
        <title>TOYOTA TSUSHO CORP</title>
        <cusip>J92719111</cusip>
        <identifiers>
          <isin value="JP3635000007"/>
          <ticker value="TYHOF"/>
        </identifiers>
        <balance>198600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>7771398.45</valUSD>
        <pctVal>0.1273108136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED O/SEAS. BANK LTD</name>
        <lei>IO66REGK3RCBAMA8HR66</lei>
        <title>UNITED O/SEAS. BANK LTD</title>
        <cusip>Y9T10P105</cusip>
        <identifiers>
          <isin value="SG1M31001969"/>
          <ticker value="UOVEF"/>
        </identifiers>
        <balance>360149</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>10358460.92</valUSD>
        <pctVal>0.1696919925</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINGAPORE AIRLINES LTD</name>
        <lei>549300ZG62N2599PWR15</lei>
        <title>SINGAPORE AIRLINES LTD</title>
        <cusip>Y7992P128</cusip>
        <identifiers>
          <isin value="SG1V61937297"/>
          <ticker value="SINGF"/>
        </identifiers>
        <balance>462135</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>2391340.62</valUSD>
        <pctVal>0.0391748695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="940262.660000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCENTRE GROUP</name>
        <lei>529900TUCASM3W86E831</lei>
        <title>SCENTRE GROUP</title>
        <cusip>Q8351E109</cusip>
        <identifiers>
          <isin value="AU000000SCG8"/>
          <ticker value="STGPF"/>
        </identifiers>
        <balance>1553134</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>3583291.16</valUSD>
        <pctVal>0.0587013671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENI SPA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>ENI SPA</title>
        <cusip>T3643A145</cusip>
        <identifiers>
          <isin value="IT0003132476"/>
          <ticker value="EIPAF"/>
        </identifiers>
        <balance>591611</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>16799560.82</valUSD>
        <pctVal>0.2752098956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SALMAR ASA</name>
        <lei>5967007LIEEXZXGDBK67</lei>
        <title>SALMAR ASA</title>
        <cusip>R7445C102</cusip>
        <identifiers>
          <isin value="NO0010310956"/>
          <ticker value="SALRF"/>
        </identifiers>
        <balance>19918</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6829"/>
        <valUSD>1163490.17</valUSD>
        <pctVal>0.0190602607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MS&amp;AD INS. GRP. HLDGS. IN</name>
        <lei>529900CXROT5S2HMMP26</lei>
        <title>MS&amp;AD INS. GRP. HLDGS. IN</title>
        <cusip>J4687C105</cusip>
        <identifiers>
          <isin value="JP3890310000"/>
          <ticker value="MSADF"/>
        </identifiers>
        <balance>373129</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>9764589.06</valUSD>
        <pctVal>0.1599632017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OTSUKA HLDGS. CO LTD</name>
        <lei>N/A</lei>
        <title>OTSUKA HLDGS. CO LTD</title>
        <cusip>J63117105</cusip>
        <identifiers>
          <isin value="JP3188220002"/>
          <ticker value="OTSKF"/>
        </identifiers>
        <balance>125815</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>8880851.04</valUSD>
        <pctVal>0.1454858323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HKT TST. &amp; HKT LTD</name>
        <lei>N/A</lei>
        <title>HKT TST. &amp; HKT LTD</title>
        <cusip>Y3R29Z107</cusip>
        <identifiers>
          <isin value="HK0000093390"/>
          <ticker value="HKTTF"/>
        </identifiers>
        <balance>1077220</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>1679520.98</valUSD>
        <pctVal>0.0275138617</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>TALANX AG</name>
        <lei>5299006ZIILJ6VJVSJ32</lei>
        <title>TALANX AG</title>
        <cusip>D82827110</cusip>
        <identifiers>
          <isin value="DE000TLX1005"/>
          <ticker value="TNXXF"/>
        </identifiers>
        <balance>18514</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2253138.31</valUSD>
        <pctVal>0.0369108434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VONOVIA SE</name>
        <lei>5299005A2ZEP6AP7KM81</lei>
        <title>VONOVIA SE</title>
        <cusip>D9581T100</cusip>
        <identifiers>
          <isin value="DE000A1ML7J1"/>
          <ticker value="VNA"/>
        </identifiers>
        <balance>217962</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>5428208.12</valUSD>
        <pctVal>0.0889247407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AUCKLAND INTL. AIRPORT LT</name>
        <lei>549300HFZIZDJWB7AK60</lei>
        <title>AUCKLAND INTL. AIRPORT LT</title>
        <cusip>Q06213146</cusip>
        <identifiers>
          <isin value="NZAIAE0002S6"/>
          <ticker value="ACKDF"/>
        </identifiers>
        <balance>504119</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.7401896"/>
        <valUSD>2312340.8</valUSD>
        <pctVal>0.0378806968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURONEXT NV</name>
        <lei>724500QJ4QSZ3H9QU415</lei>
        <title>EURONEXT NV</title>
        <cusip>N3113K397</cusip>
        <identifiers>
          <isin value="NL0006294274"/>
          <ticker value="EUXTF"/>
        </identifiers>
        <balance>23034</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3706142.73</valUSD>
        <pctVal>0.0607139177</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>RECRUIT HLDGS. CO LTD</name>
        <lei>353800R2LRSMVVC4I806</lei>
        <title>RECRUIT HLDGS. CO LTD</title>
        <cusip>J6433A101</cusip>
        <identifiers>
          <isin value="JP3970300004"/>
          <ticker value="RCRRF"/>
        </identifiers>
        <balance>406800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>17598541.42</valUSD>
        <pctVal>0.2882987716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENEOS HLDGS. INC</name>
        <lei>3538001KQ5SAOZSQTT44</lei>
        <title>ENEOS HLDGS. INC</title>
        <cusip>J29699105</cusip>
        <identifiers>
          <isin value="JP3386450005"/>
          <ticker value="JXHGF"/>
        </identifiers>
        <balance>776697</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>6931145.58</valUSD>
        <pctVal>0.1135458166</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SITC INTL. HLDGS. CO LTD</name>
        <lei>529900JUV4MOM9CE3V12</lei>
        <title>SITC INTL. HLDGS. CO LTD</title>
        <cusip>G8187G105</cusip>
        <identifiers>
          <isin value="KYG8187G1055"/>
          <ticker value="SITIF"/>
        </identifiers>
        <balance>392000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>1730566.3</valUSD>
        <pctVal>0.0283500846</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>ROLLS-ROYCE HLDGS. PLC</name>
        <lei>213800EC7997ZBLZJH69</lei>
        <title>ROLLS-ROYCE HLDGS. PLC</title>
        <cusip>G76225104</cusip>
        <identifiers>
          <isin value="GB00B63H8491"/>
          <ticker value="RYCEF"/>
        </identifiers>
        <balance>2431386</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>37129573.13</valUSD>
        <pctVal>0.6082555404</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>NEBIUS GROUP NV</name>
        <lei>549300GGZHJ5Q1B18P93</lei>
        <title>NEBIUS GROUP NV</title>
        <cusip>N97284108</cusip>
        <identifiers>
          <isin value="NL0009805522"/>
          <ticker value="NBIS"/>
        </identifiers>
        <balance>61776</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6409877.76</valUSD>
        <pctVal>0.1050064230</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>COMPAGNIE FINANCIERE RICH</name>
        <lei>549300YIPGJ6UX2QPS51</lei>
        <title>COMPAGNIE FINANCIERE RICH</title>
        <cusip>H25662182</cusip>
        <identifiers>
          <isin value="CH0210483332"/>
          <ticker value="CFRHF"/>
        </identifiers>
        <balance>155507</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>27710238.63</valUSD>
        <pctVal>0.4539482884</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>ZALANDO SE</name>
        <lei>529900YRFFGH5AXU4S86</lei>
        <title>ZALANDO SE</title>
        <cusip>D98423102</cusip>
        <identifiers>
          <isin value="DE000ZAL1111"/>
          <ticker value="ZLDSF"/>
        </identifiers>
        <balance>65879</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1576079.82</valUSD>
        <pctVal>0.0258192918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBS GROUP AG USD0.10 (REG</name>
        <lei>549300SZJ9VS8SGXAN81</lei>
        <title>UBS GROUP AG USD0.10 (REG</title>
        <cusip>H42097107</cusip>
        <identifiers>
          <isin value="CH0244767585"/>
          <ticker value="UBS"/>
        </identifiers>
        <balance>919108</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>35747796.64</valUSD>
        <pctVal>0.5856193199</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>SWISS RE AG</name>
        <lei>529900PS9YW3YY29F326</lei>
        <title>SWISS RE AG</title>
        <cusip>H8431B109</cusip>
        <identifiers>
          <isin value="CH0126881561"/>
          <ticker value="SSREF"/>
        </identifiers>
        <balance>86671</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>14473272.89</valUSD>
        <pctVal>0.2371007173</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>UPM-KYMMENE OYJ</name>
        <lei>213800EC6PW5VU4J9U64</lei>
        <title>UPM-KYMMENE OYJ</title>
        <cusip>X9518S108</cusip>
        <identifiers>
          <isin value="FI0009005987"/>
          <ticker value="UPMKF"/>
        </identifiers>
        <balance>155435</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4834862.72</valUSD>
        <pctVal>0.0792045744</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHOCOLADEFABRIKEN LINDT &amp;</name>
        <lei>529900JYJNNOKKAGK736</lei>
        <title>CHOCOLADEFABRIKEN LINDT &amp;</title>
        <cusip>H49983176</cusip>
        <identifiers>
          <isin value="CH0010570759"/>
          <ticker value="COCXF"/>
        </identifiers>
        <balance>30</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>4266659.68</valUSD>
        <pctVal>0.0698962894</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>CHOCOLADEFABRIKEN LINDT &amp;</name>
        <lei>529900JYJNNOKKAGK736</lei>
        <title>CHOCOLADEFABRIKEN LINDT &amp;</title>
        <cusip>H49983184</cusip>
        <identifiers>
          <isin value="CH0010570767"/>
          <ticker value="LDSVF"/>
        </identifiers>
        <balance>274</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>3847383.28</valUSD>
        <pctVal>0.0630277162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>ELIA GRP. SA/NV</name>
        <lei>549300S1MP1NFDIKT460</lei>
        <title>ELIA GRP. SA/NV</title>
        <cusip>B35656105</cusip>
        <identifiers>
          <isin value="BE0003822393"/>
          <ticker value="ELIAF"/>
        </identifiers>
        <balance>12491</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1914204.65</valUSD>
        <pctVal>0.0313584425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDUTRADE AB</name>
        <lei>549300FISLQ6CEFP1867</lei>
        <title>INDUTRADE AB</title>
        <cusip>W4939U106</cusip>
        <identifiers>
          <isin value="SE0001515552"/>
          <ticker value="IDDWF"/>
        </identifiers>
        <balance>81304</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>1880243.86</valUSD>
        <pctVal>0.0308020979</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>AVOLTA AG</name>
        <lei>549300X53WDBVW7TIF57</lei>
        <title>AVOLTA AG</title>
        <cusip>H2082J107</cusip>
        <identifiers>
          <isin value="CH0023405456"/>
          <ticker value="DFRYF"/>
        </identifiers>
        <balance>26154</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>1568859.37</valUSD>
        <pctVal>0.0257010066</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>IPSEN SA</name>
        <lei>549300M6SGDPB4Z94P11</lei>
        <title>IPSEN SA</title>
        <cusip>F5362H107</cusip>
        <identifiers>
          <isin value="FR0010259150"/>
          <ticker value="IPSEF"/>
        </identifiers>
        <balance>10786</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2022713.27</valUSD>
        <pctVal>0.0331360274</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>GETLINK SE</name>
        <lei>9695007ZEQ7M0OE74G82</lei>
        <title>GETLINK SE</title>
        <cusip>F4R053105</cusip>
        <identifiers>
          <isin value="FR0010533075"/>
          <ticker value="GRPTF"/>
        </identifiers>
        <balance>88664</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1910664.77</valUSD>
        <pctVal>0.0313004523</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>ZOZO INC</name>
        <lei>549300GC7XPQMZA0OW13</lei>
        <title>ZOZO INC</title>
        <cusip>J9893A108</cusip>
        <identifiers>
          <isin value="JP3399310006"/>
          <ticker value="SATLF"/>
        </identifiers>
        <balance>140300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>981239.35</valUSD>
        <pctVal>0.0160746333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRENNTAG SE</name>
        <lei>NNROIXVWJ7CPSR27SV97</lei>
        <title>BRENNTAG SE</title>
        <cusip>D12459117</cusip>
        <identifiers>
          <isin value="DE000A1DAHH0"/>
          <ticker value="BNTGF"/>
        </identifiers>
        <balance>35492</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2341642.41</valUSD>
        <pctVal>0.0383607149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELE2 AB</name>
        <lei>213800EKD193RVI9HL76</lei>
        <title>TELE2 AB</title>
        <cusip>W95878166</cusip>
        <identifiers>
          <isin value="SE0005190238"/>
          <ticker value="TLTZF"/>
        </identifiers>
        <balance>158182</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>3251632.13</valUSD>
        <pctVal>0.0532681389</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>BAWAG GRP. AG</name>
        <lei>529900S9YO2JHTIIDG38</lei>
        <title>BAWAG GRP. AG</title>
        <cusip>A0997C107</cusip>
        <identifiers>
          <isin value="AT0000BAWAG2"/>
          <ticker value="BWAGF"/>
        </identifiers>
        <balance>22729</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3469082.72</valUSD>
        <pctVal>0.0568304079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JX ADVANCED METALS CORP</name>
        <lei>353800NC6NPNKC4JEC58</lei>
        <title>JX ADVANCED METALS CORP</title>
        <cusip>J2969E104</cusip>
        <identifiers>
          <isin value="JP3379550001"/>
          <ticker value="5016"/>
        </identifiers>
        <balance>163900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3562586.9</valUSD>
        <pctVal>0.0583621905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WHARF REAL ESTATE INV. CO</name>
        <lei>529900QLPKS8U9QOPB59</lei>
        <title>WHARF REAL ESTATE INV. CO</title>
        <cusip>G9593A104</cusip>
        <identifiers>
          <isin value="KYG9593A1040"/>
          <ticker value="WRFRF"/>
        </identifiers>
        <balance>486766</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>1411228.15</valUSD>
        <pctVal>0.0231186967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KIOXIA HOLDINGS CORP</name>
        <lei>35380080RTKRARNH4R73</lei>
        <title>KIOXIA HOLDINGS CORP</title>
        <cusip>J3343A107</cusip>
        <identifiers>
          <isin value="JP3236330001"/>
          <ticker value="KXHCF"/>
        </identifiers>
        <balance>55000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>6991937.87</valUSD>
        <pctVal>0.1145417140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AYVENS SA</name>
        <lei>969500E7V019H9NP7427</lei>
        <title>AYVENS SA</title>
        <cusip>F0195N108</cusip>
        <identifiers>
          <isin value="FR0013258662"/>
          <ticker value="AYV"/>
        </identifiers>
        <balance>107800</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1270030.01</valUSD>
        <pctVal>0.0208055931</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>SAAB AB</name>
        <lei>549300ZHO4JCQQI13M69</lei>
        <title>SAAB AB</title>
        <cusip>W72838175</cusip>
        <identifiers>
          <isin value="SE0021921269"/>
          <ticker value="SAABF"/>
        </identifiers>
        <balance>94098</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>6172640.22</valUSD>
        <pctVal>0.1011200048</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>SEA LTD ADR</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>SEA LTD ADR</title>
        <cusip>81141R100</cusip>
        <identifiers>
          <isin value="US81141R1005"/>
          <ticker value="SE"/>
        </identifiers>
        <balance>114019</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9441913.39</valUSD>
        <pctVal>0.1546771387</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>SGH LTD</name>
        <lei>254900DME8O9GCK94794</lei>
        <title>SGH LTD</title>
        <cusip>Q84384124</cusip>
        <identifiers>
          <isin value="AU0000364754"/>
          <ticker value="SVNWF"/>
        </identifiers>
        <balance>60488</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>1715467.52</valUSD>
        <pctVal>0.0281027369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="41515.210000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO BILBAO VIZCAYA ARGE</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>BANCO BILBAO VIZCAYA ARGE</title>
        <cusip>E11805103</cusip>
        <identifiers>
          <isin value="ES0113211835"/>
          <ticker value="BBVXF"/>
        </identifiers>
        <balance>1656558</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>36156564.06</valUSD>
        <pctVal>0.5923157354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORTUM OYJ</name>
        <lei>635400IUIZZIUJSAMF76</lei>
        <title>FORTUM OYJ</title>
        <cusip>X2978Z118</cusip>
        <identifiers>
          <isin value="FI0009007132"/>
          <ticker value="FORTUM"/>
        </identifiers>
        <balance>131965</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3354198.62</valUSD>
        <pctVal>0.0549483800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UCB SA</name>
        <lei>2138008J191VLSGY5A09</lei>
        <title>UCB SA</title>
        <cusip>B93562120</cusip>
        <identifiers>
          <isin value="BE0003739530"/>
          <ticker value="UCBJF"/>
        </identifiers>
        <balance>36545</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>11007756.34</valUSD>
        <pctVal>0.1803287304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEMETSCHEK SE</name>
        <lei>529900R0S2IX1S358J38</lei>
        <title>NEMETSCHEK SE</title>
        <cusip>D56134105</cusip>
        <identifiers>
          <isin value="DE0006452907"/>
          <ticker value="NEMTF"/>
        </identifiers>
        <balance>16092</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1184419.23</valUSD>
        <pctVal>0.0194031199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SNAM SPA</name>
        <lei>8156002278562044AF79</lei>
        <title>SNAM SPA</title>
        <cusip>T8578N103</cusip>
        <identifiers>
          <isin value="IT0003153415"/>
          <ticker value="SNMRF"/>
        </identifiers>
        <balance>599499</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4559485.59</valUSD>
        <pctVal>0.0746933546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NESTE OYJ</name>
        <lei>5493009GY1X8GQ66AM14</lei>
        <title>NESTE OYJ</title>
        <cusip>X5688A109</cusip>
        <identifiers>
          <isin value="FI0009013296"/>
          <ticker value="NTOIF"/>
        </identifiers>
        <balance>124399</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4017344.34</valUSD>
        <pctVal>0.0658120131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MTU AERO ENGINES AG</name>
        <lei>529900807L67JY81RD65</lei>
        <title>MTU AERO ENGINES AG</title>
        <cusip>D5565H104</cusip>
        <identifiers>
          <isin value="DE000A0D9PT0"/>
          <ticker value="MTUAF"/>
        </identifiers>
        <balance>15370</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>5502515.11</valUSD>
        <pctVal>0.0901420356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FINANCIERE DE TUBIZE SA</name>
        <lei>549300I1MGC0OK6W8828</lei>
        <title>FINANCIERE DE TUBIZE SA</title>
        <cusip>B41387133</cusip>
        <identifiers>
          <isin value="BE0003823409"/>
          <ticker value="TUB"/>
        </identifiers>
        <balance>6018</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1487946.02</valUSD>
        <pctVal>0.0243754866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCHINDLER HLDG. AG</name>
        <lei>5299007DRLI319H7Q933</lei>
        <title>SCHINDLER HLDG. AG</title>
        <cusip>H7258G233</cusip>
        <identifiers>
          <isin value="CH0024638212"/>
          <ticker value="SHLRF"/>
        </identifiers>
        <balance>7085</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>2228392.36</valUSD>
        <pctVal>0.0365054560</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>LEGRAND SA</name>
        <lei>969500XXRPGD7HCAFA90</lei>
        <title>LEGRAND SA</title>
        <cusip>F56196185</cusip>
        <identifiers>
          <isin value="FR0010307819"/>
          <ticker value="LGRVF"/>
        </identifiers>
        <balance>75806</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>11713897.11</valUSD>
        <pctVal>0.1918967070</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>SWISSCOM AG</name>
        <lei>5493005SL9HHOXS3B739</lei>
        <title>SWISSCOM AG</title>
        <cusip>H8398N104</cusip>
        <identifiers>
          <isin value="CH0008742519"/>
          <ticker value="SWZCF"/>
        </identifiers>
        <balance>7415</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>6189734.34</valUSD>
        <pctVal>0.1014000401</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>KUEHNE + NAGEL INTL. AG</name>
        <lei>529900Q0YED3805QXQ66</lei>
        <title>KUEHNE + NAGEL INTL. AG</title>
        <cusip>H4673L145</cusip>
        <identifiers>
          <isin value="CH0025238863"/>
          <ticker value="KHNGF"/>
        </identifiers>
        <balance>13602</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>3107462.46</valUSD>
        <pctVal>0.0509063557</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>SECURITAS AB</name>
        <lei>635400TTYKE8EIWDS617</lei>
        <title>SECURITAS AB</title>
        <cusip>W7912C118</cusip>
        <identifiers>
          <isin value="SE0000163594"/>
          <ticker value="SCTBF"/>
        </identifiers>
        <balance>145366</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>2443672.27</valUSD>
        <pctVal>0.0400321650</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>NORSK HYDRO ASA</name>
        <lei>549300N1SDN71ZZ8BO45</lei>
        <title>NORSK HYDRO ASA</title>
        <cusip>R61115102</cusip>
        <identifiers>
          <isin value="NO0005052605"/>
          <ticker value="NHYKF"/>
        </identifiers>
        <balance>392094</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6829"/>
        <valUSD>4157518.11</valUSD>
        <pctVal>0.0681083355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WOLTERS KLUWER NV</name>
        <lei>724500TEM53I0U077B74</lei>
        <title>WOLTERS KLUWER NV</title>
        <cusip>N9643A197</cusip>
        <identifiers>
          <isin value="NL0000395903"/>
          <ticker value="WKL"/>
        </identifiers>
        <balance>66489</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4974053.05</valUSD>
        <pctVal>0.0814847861</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>AEROPORTS DE PARIS</name>
        <lei>969500PJMBSFHYC37989</lei>
        <title>AEROPORTS DE PARIS</title>
        <cusip>F00882104</cusip>
        <identifiers>
          <isin value="FR0010340141"/>
          <ticker value="ADP"/>
        </identifiers>
        <balance>10000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1216766.59</valUSD>
        <pctVal>0.0199330334</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>ORION OYJ</name>
        <lei>74370029VAHCXDR7B745</lei>
        <title>ORION OYJ</title>
        <cusip>X6002Y112</cusip>
        <identifiers>
          <isin value="FI0009014377"/>
          <ticker value="ORINF"/>
        </identifiers>
        <balance>31600</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2555655.48</valUSD>
        <pctVal>0.0418666705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LOGITECH INTL. SA</name>
        <lei>549300SN6PRK6IJJC215</lei>
        <title>LOGITECH INTL. SA</title>
        <cusip>H50430232</cusip>
        <identifiers>
          <isin value="CH0025751329"/>
          <ticker value="LOGI"/>
        </identifiers>
        <balance>43791</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>4001127.08</valUSD>
        <pctVal>0.0655463424</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>SWEDISH ORPHAN BIOVITRUM</name>
        <lei>549300124Y3MQI87PT35</lei>
        <title>SWEDISH ORPHAN BIOVITRUM</title>
        <cusip>W95637117</cusip>
        <identifiers>
          <isin value="SE0000872095"/>
          <ticker value="BIOVF"/>
        </identifiers>
        <balance>57081</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>2386465.3</valUSD>
        <pctVal>0.0390950021</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>GALP ENERGIA SGPS SA</name>
        <lei>2138003319Y7NM75FG53</lei>
        <title>GALP ENERGIA SGPS SA</title>
        <cusip>X3078L108</cusip>
        <identifiers>
          <isin value="PTGAL0AM0009"/>
          <ticker value="GLPEF"/>
        </identifiers>
        <balance>123289</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2997341.97</valUSD>
        <pctVal>0.0491023652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAPFRE SA</name>
        <lei>95980020140005693107</lei>
        <title>MAPFRE SA</title>
        <cusip>E7347B107</cusip>
        <identifiers>
          <isin value="ES0124244E34"/>
          <ticker value="MPFRF"/>
        </identifiers>
        <balance>271636</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1215958.24</valUSD>
        <pctVal>0.0199197910</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAI-ICHI LIFE HOLDINGS IN</name>
        <lei>549300ZUFXI7JXZVTZ25</lei>
        <title>DAI-ICHI LIFE HOLDINGS IN</title>
        <cusip>J09748112</cusip>
        <identifiers>
          <isin value="JP3476480003"/>
          <ticker value="DCNSF"/>
        </identifiers>
        <balance>1017300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>9296164.96</valUSD>
        <pctVal>0.1522894923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APA GROUP</name>
        <lei>549300T9RBSX164T8H40</lei>
        <title>APA GROUP</title>
        <cusip>Q0437B100</cusip>
        <identifiers>
          <isin value="AU000000APA1"/>
          <ticker value="APAJF"/>
        </identifiers>
        <balance>379320</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>2608397.27</valUSD>
        <pctVal>0.0427306849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASAHI GRP. HLDGS. LTD</name>
        <lei>353800KAJ02XNHLCJW79</lei>
        <title>ASAHI GRP. HLDGS. LTD</title>
        <cusip>J02100113</cusip>
        <identifiers>
          <isin value="JP3116000005"/>
          <ticker value="ASBRF"/>
        </identifiers>
        <balance>438000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4395754.74</valUSD>
        <pctVal>0.0720111208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DNB BANK ASA</name>
        <lei>549300GKFG0RYRRQ1414</lei>
        <title>DNB BANK ASA</title>
        <cusip>R1R15X100</cusip>
        <identifiers>
          <isin value="NO0010161896"/>
          <ticker value="DNBBF"/>
        </identifiers>
        <balance>261583</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6829"/>
        <valUSD>8158097.72</valUSD>
        <pctVal>0.1336457093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TESCO PLC</name>
        <lei>2138002P5RNKC5W2JZ46</lei>
        <title>TESCO PLC</title>
        <cusip>G8T67X102</cusip>
        <identifiers>
          <isin value="GB00BLGZ9862"/>
          <ticker value="TSCDF"/>
        </identifiers>
        <balance>1846206</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>11640947.13</valUSD>
        <pctVal>0.1907016427</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>BELIMO HLDG. AG</name>
        <lei>506700339DLX749VEM23</lei>
        <title>BELIMO HLDG. AG</title>
        <cusip>H07171129</cusip>
        <identifiers>
          <isin value="CH1101098163"/>
          <ticker value="BLHWF"/>
        </identifiers>
        <balance>2919</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>2359337.83</valUSD>
        <pctVal>0.0386506007</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>BEIJER REF AB</name>
        <lei>549300PZZEUVH08H4G75</lei>
        <title>BEIJER REF AB</title>
        <cusip>W14029123</cusip>
        <identifiers>
          <isin value="SE0015949748"/>
          <ticker value="BEJEF"/>
        </identifiers>
        <balance>116469</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>1600631.1</valUSD>
        <pctVal>0.0262214901</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>HEXAGON AB</name>
        <lei>549300WJFW6ILNI4TA80</lei>
        <title>HEXAGON AB</title>
        <cusip>W4R431112</cusip>
        <identifiers>
          <isin value="SE0015961909"/>
          <ticker value="HXGBF"/>
        </identifiers>
        <balance>612369</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>5958266.58</valUSD>
        <pctVal>0.0976081423</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>HENSOLDT AG</name>
        <lei>894500686FYLLZD3M624</lei>
        <title>HENSOLDT AG</title>
        <cusip>D3R14P109</cusip>
        <identifiers>
          <isin value="DE000HAG0005"/>
          <ticker value="HNSDF"/>
        </identifiers>
        <balance>18059</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1567700.21</valUSD>
        <pctVal>0.0256820173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INPOST SA</name>
        <lei>2221003M23QLERR89585</lei>
        <title>INPOST SA</title>
        <cusip>L5125Z108</cusip>
        <identifiers>
          <isin value="LU2290522684"/>
          <ticker value="INPOF"/>
        </identifiers>
        <balance>72585</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1274251.35</valUSD>
        <pctVal>0.0208747470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VESTAS WIND SYS. A/S</name>
        <lei>549300DYMC8BGZZC8844</lei>
        <title>VESTAS WIND SYS. A/S</title>
        <cusip>K9773J201</cusip>
        <identifiers>
          <isin value="DK0061539921"/>
          <ticker value="VWSYF"/>
        </identifiers>
        <balance>297520</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>8907899.79</valUSD>
        <pctVal>0.1459289441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EPIROC AB</name>
        <lei>5493004Q73OEYW1SPE91</lei>
        <title>EPIROC AB</title>
        <cusip>W25918124</cusip>
        <identifiers>
          <isin value="SE0015658109"/>
          <ticker value="EPIAF"/>
        </identifiers>
        <balance>189000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>4640272.45</valUSD>
        <pctVal>0.0760168025</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>NIBE INDUSTRIER AB</name>
        <lei>549300ZQH0FIF1P0MX67</lei>
        <title>NIBE INDUSTRIER AB</title>
        <cusip>W6S38Z126</cusip>
        <identifiers>
          <isin value="SE0015988019"/>
          <ticker value="NDRBF"/>
        </identifiers>
        <balance>437307</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>1823022</valUSD>
        <pctVal>0.0298646911</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>CAPITALAND INV. LTD/SINGA</name>
        <lei>254900AT4UQDU7SNXX49</lei>
        <title>CAPITALAND INV. LTD/SINGA</title>
        <cusip>Y1091P105</cusip>
        <identifiers>
          <isin value="SGXE62145532"/>
          <ticker value="CLILF"/>
        </identifiers>
        <balance>688462</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>1467518.55</valUSD>
        <pctVal>0.0240408444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1451471.840000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONDAY.COM LTD</name>
        <lei>984500MDAFVD86E3B328</lei>
        <title>MONDAY.COM LTD</title>
        <cusip>M7S64H106</cusip>
        <identifiers>
          <isin value="IL0011762130"/>
          <ticker value="MNDY"/>
        </identifiers>
        <balance>13010</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>899121.1</valUSD>
        <pctVal>0.0147293746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SONIC HEALTHCARE LTD</name>
        <lei>549300NQQ5L2NONWR862</lei>
        <title>SONIC HEALTHCARE LTD</title>
        <cusip>Q8563C107</cusip>
        <identifiers>
          <isin value="AU000000SHL7"/>
          <ticker value="SKHCF"/>
        </identifiers>
        <balance>140736</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>1992040.01</valUSD>
        <pctVal>0.0326335390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANKINTER SA</name>
        <lei>VWMYAEQSTOPNV0SUGU82</lei>
        <title>BANKINTER SA</title>
        <cusip>E2116H880</cusip>
        <identifiers>
          <isin value="ES0113679I37"/>
          <ticker value="BKIMF"/>
        </identifiers>
        <balance>201107</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3165941.77</valUSD>
        <pctVal>0.0518643620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STOCKLAND</name>
        <lei>N/A</lei>
        <title>STOCKLAND</title>
        <cusip>Q8773B105</cusip>
        <identifiers>
          <isin value="AU000000SGP0"/>
          <ticker value="SGP"/>
        </identifiers>
        <balance>725102</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>2171486.47</valUSD>
        <pctVal>0.0355732255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO ELEC. INDS. LTD</name>
        <lei>5493005SP87FL5TOS202</lei>
        <title>SUMITOMO ELEC. INDS. LTD</title>
        <cusip>J77411114</cusip>
        <identifiers>
          <isin value="JP3407400005"/>
          <ticker value="5802"/>
        </identifiers>
        <balance>207100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>11596599.72</valUSD>
        <pctVal>0.1899751447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIFCO AB</name>
        <lei>549300RTLL4VDQRCTW41</lei>
        <title>LIFCO AB</title>
        <cusip>W5321L166</cusip>
        <identifiers>
          <isin value="SE0015949201"/>
          <ticker value="LFABF"/>
        </identifiers>
        <balance>66657</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>2005547.22</valUSD>
        <pctVal>0.0328548137</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</title>
        <cusip>W5R777115</cusip>
        <identifiers>
          <isin value="SE0015811963"/>
          <ticker value="IVSBF"/>
        </identifiers>
        <balance>526190</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>19918758.68</valUSD>
        <pctVal>0.3263085003</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>STELLANTIS N.V</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>STELLANTIS N.V</title>
        <cusip>N82405106</cusip>
        <identifiers>
          <isin value="NL00150001Q9"/>
          <ticker value="STLA"/>
        </identifiers>
        <balance>591037</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4211229.06</valUSD>
        <pctVal>0.0689882267</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>EPIROC AB</name>
        <lei>5493004Q73OEYW1SPE91</lei>
        <title>EPIROC AB</title>
        <cusip>W25918157</cusip>
        <identifiers>
          <isin value="SE0015658117"/>
          <ticker value="EPIPF"/>
        </identifiers>
        <balance>110287</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>2371795.04</valUSD>
        <pctVal>0.0388546744</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>DASSAULT SYSTEMES SE</name>
        <lei>96950065LBWY0APQIM86</lei>
        <title>DASSAULT SYSTEMES SE</title>
        <cusip>F24571451</cusip>
        <identifiers>
          <isin value="FR0014003TT8"/>
          <ticker value="DASTF"/>
        </identifiers>
        <balance>197776</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4026696.28</valUSD>
        <pctVal>0.0659652163</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>WISE PLC</name>
        <lei>213800LD9XCHIC1C4V71</lei>
        <title>WISE PLC</title>
        <cusip>G97229101</cusip>
        <identifiers>
          <isin value="GB00BL9YR756"/>
          <ticker value="WPLCF"/>
        </identifiers>
        <balance>196614</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>2359812.35</valUSD>
        <pctVal>0.0386583743</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 GRP. NV</name>
        <lei>724500GJBUL3D9TW9Y18</lei>
        <title>UNIVERSAL MUSIC GRP. NV</title>
        <cusip>N90313102</cusip>
        <identifiers>
          <isin value="NL0015000IY2"/>
          <ticker value="UMGNF"/>
        </identifiers>
        <balance>326266</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6326354.42</valUSD>
        <pctVal>0.1036381462</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>AJINOMOTO CO INC</name>
        <lei>353800UT0TLROREPIC92</lei>
        <title>AJINOMOTO CO INC</title>
        <cusip>J00882126</cusip>
        <identifiers>
          <isin value="JP3119600009"/>
          <ticker value="AJINF"/>
        </identifiers>
        <balance>261700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>7337707.41</valUSD>
        <pctVal>0.1202061001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPUTERSHARE LTD</name>
        <lei>21380085HOKTMGLV9G93</lei>
        <title>COMPUTERSHARE LTD</title>
        <cusip>Q2721E105</cusip>
        <identifiers>
          <isin value="AU000000CPU5"/>
          <ticker value="CMSQF"/>
        </identifiers>
        <balance>152698</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>3015603.79</valUSD>
        <pctVal>0.0494015298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OTSUKA CORP</name>
        <lei>529900RG9DJ58J3UIE72</lei>
        <title>OTSUKA CORP</title>
        <cusip>J6243L115</cusip>
        <identifiers>
          <isin value="JP3188200004"/>
          <ticker value="OSUKF"/>
        </identifiers>
        <balance>66500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1275301.94</valUSD>
        <pctVal>0.0208919577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FISHER &amp; PAYKEL HEALTHCAR</name>
        <lei>N/A</lei>
        <title>FISHER &amp; PAYKEL HEALTHCAR</title>
        <cusip>Q38992105</cusip>
        <identifiers>
          <isin value="NZFAPE0001S2"/>
          <ticker value="FSPKF"/>
        </identifiers>
        <balance>172668</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.7401896"/>
        <valUSD>3740175.94</valUSD>
        <pctVal>0.0612714488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EIFFAGE SA</name>
        <lei>969500OQXKE5WDM9M994</lei>
        <title>EIFFAGE SA</title>
        <cusip>F2924U106</cusip>
        <identifiers>
          <isin value="FR0000130452"/>
          <ticker value="EFGSF"/>
        </identifiers>
        <balance>20237</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3107052.8</valUSD>
        <pctVal>0.0508996447</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>PERNOD RICARD SA</name>
        <lei>52990097YFPX9J0H5D87</lei>
        <title>PERNOD RICARD SA</title>
        <cusip>F72027109</cusip>
        <identifiers>
          <isin value="FR0000120693"/>
          <ticker value="PDRDF"/>
        </identifiers>
        <balance>58007</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4329586.14</valUSD>
        <pctVal>0.0709271488</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>RENAULT SA</name>
        <lei>969500F7JLTX36OUI695</lei>
        <title>RENAULT SA</title>
        <cusip>F77098105</cusip>
        <identifiers>
          <isin value="FR0000131906"/>
          <ticker value="RNSDF"/>
        </identifiers>
        <balance>56432</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1914729.47</valUSD>
        <pctVal>0.0313670401</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>SCHNEIDER ELEC. SE</name>
        <lei>969500A1YF1XUYYXS284</lei>
        <title>SCHNEIDER ELEC. SE</title>
        <cusip>F86921107</cusip>
        <identifiers>
          <isin value="FR0000121972"/>
          <ticker value="SBGSF"/>
        </identifiers>
        <balance>159067</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>43690940.05</valUSD>
        <pctVal>0.7157436542</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>TOTALENERGIES SE</name>
        <lei>529900S21EQ1BO4ESM68</lei>
        <title>TOTALENERGIES SE</title>
        <cusip>F92124100</cusip>
        <identifiers>
          <isin value="FR0000120271"/>
          <ticker value="TTE"/>
        </identifiers>
        <balance>575699</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>53156160.21</valUSD>
        <pctVal>0.8708026037</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>MERCK KGAA</name>
        <lei>529900OAREIS0MOPTW25</lei>
        <title>MERCK KGAA</title>
        <cusip>D5357W103</cusip>
        <identifiers>
          <isin value="DE0006599905"/>
          <ticker value="MKGAF"/>
        </identifiers>
        <balance>38556</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4788245.83</valUSD>
        <pctVal>0.0784408979</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LVMH MOET HENNESSY LOUIS</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH MOET HENNESSY LOUIS</title>
        <cusip>F58485115</cusip>
        <identifiers>
          <isin value="FR0000121014"/>
          <ticker value="LVMHF"/>
        </identifiers>
        <balance>72175</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>40119563.75</valUSD>
        <pctVal>0.6572374760</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>L OREAL SA</name>
        <lei>529900JI1GG6F7RKVI53</lei>
        <title>L OREAL SA</title>
        <cusip>F58149133</cusip>
        <identifiers>
          <isin value="FR0000120321"/>
          <ticker value="LRLCF"/>
        </identifiers>
        <balance>69505</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>28501607.3</valUSD>
        <pctVal>0.4669124660</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>MOWI ASA</name>
        <lei>549300W1OGQF5LZIH349</lei>
        <title>MOWI ASA</title>
        <cusip>R4S04H101</cusip>
        <identifiers>
          <isin value="NO0003054108"/>
          <ticker value="MNHVF"/>
        </identifiers>
        <balance>142020</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6829"/>
        <valUSD>3225931.22</valUSD>
        <pctVal>0.0528471074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDRA SISTEMAS SA</name>
        <lei>95980020140005308793</lei>
        <title>INDRA SISTEMAS SA</title>
        <cusip>E6271Z155</cusip>
        <identifiers>
          <isin value="ES0118594417"/>
          <ticker value="ISMAF"/>
        </identifiers>
        <balance>22882</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1260873.26</valUSD>
        <pctVal>0.0206555875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1245465.720000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARLSBERG AS</name>
        <lei>5299001O0WJQYB5GYZ19</lei>
        <title>CARLSBERG AS</title>
        <cusip>K36628137</cusip>
        <identifiers>
          <isin value="DK0010181759"/>
          <ticker value="CABJF"/>
        </identifiers>
        <balance>27740</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>3461259.34</valUSD>
        <pctVal>0.0567022455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AP MOLLER - MAERSK A/S</name>
        <lei>549300D2K6PKKKXVNN73</lei>
        <title>AP MOLLER - MAERSK A/S</title>
        <cusip>K0514G101</cusip>
        <identifiers>
          <isin value="DK0010244508"/>
          <ticker value="AMKBF"/>
        </identifiers>
        <balance>1152</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>2854945.85</valUSD>
        <pctVal>0.0467696363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2851843.950000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWEDBANK AB</name>
        <lei>M312WZV08Y7LYUC71685</lei>
        <title>SWEDBANK AB</title>
        <cusip>W94232100</cusip>
        <identifiers>
          <isin value="SE0000242455"/>
          <ticker value="SWDBF"/>
        </identifiers>
        <balance>243833</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>8278649.73</valUSD>
        <pctVal>0.1356205887</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>TIS INC</name>
        <lei>35380064HYEZXBQHDF07</lei>
        <title>TIS INC</title>
        <cusip>J8T622102</cusip>
        <identifiers>
          <isin value="JP3104890003"/>
          <ticker value="3626"/>
        </identifiers>
        <balance>64500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1391802.8</valUSD>
        <pctVal>0.0228004712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORANGE SA</name>
        <lei>969500MCOONR8990S771</lei>
        <title>ORANGE SA</title>
        <cusip>F6866T100</cusip>
        <identifiers>
          <isin value="FR0000133308"/>
          <ticker value="FNCTF"/>
        </identifiers>
        <balance>539049</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>11013992.17</valUSD>
        <pctVal>0.1804308855</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>HERMES INTERNATIONAL SCA</name>
        <lei>969500Y4IJGHJE2MTJ13</lei>
        <title>HERMES INTERNATIONAL SCA</title>
        <cusip>F48051100</cusip>
        <identifiers>
          <isin value="FR0000052292"/>
          <ticker value="HESAF"/>
        </identifiers>
        <balance>9143</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>17462216.93</valUSD>
        <pctVal>0.2860655079</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>ASM INTL. NV</name>
        <lei>7245001I22ND6ZFHX623</lei>
        <title>ASM INTL. NV</title>
        <cusip>N07045201</cusip>
        <identifiers>
          <isin value="NL0000334118"/>
          <ticker value="ASMXF"/>
        </identifiers>
        <balance>13510</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>10290936.84</valUSD>
        <pctVal>0.1685858151</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>HEIDELBERG MATERIALS AG</name>
        <lei>LZ2C6E0W5W7LQMX5ZI37</lei>
        <title>HEIDELBERG MATERIALS AG</title>
        <cusip>D31709104</cusip>
        <identifiers>
          <isin value="DE0006047004"/>
          <ticker value="HLBZF"/>
        </identifiers>
        <balance>38550</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>7939707.21</valUSD>
        <pctVal>0.1300680426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MUENCHENER RUECKVERSICHER</name>
        <lei>529900MUF4C20K50JS49</lei>
        <title>MUENCHENER RUECKVERSICHER</title>
        <cusip>D55535104</cusip>
        <identifiers>
          <isin value="DE0008430026"/>
          <ticker value="MURGF"/>
        </identifiers>
        <balance>37873</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>23592203.51</valUSD>
        <pctVal>0.3864867621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RHEINMETALL AG</name>
        <lei>5299001OU9CSE29O6S05</lei>
        <title>RHEINMETALL AG</title>
        <cusip>D65111102</cusip>
        <identifiers>
          <isin value="DE0007030009"/>
          <ticker value="RNMBF"/>
        </identifiers>
        <balance>13325</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>22222129.71</valUSD>
        <pctVal>0.3640422546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARREFOUR SA</name>
        <lei>549300B8P6MUJ1YWTS08</lei>
        <title>CARREFOUR SA</title>
        <cusip>F13923119</cusip>
        <identifiers>
          <isin value="FR0000120172"/>
          <ticker value="CRERF"/>
        </identifiers>
        <balance>173789</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3203933.44</valUSD>
        <pctVal>0.0524867404</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>BANCO SANTANDER SA</name>
        <lei>5493006QMFDDMYWIAM13</lei>
        <title>BANCO SANTANDER SA</title>
        <cusip>E19790109</cusip>
        <identifiers>
          <isin value="ES0113900J37"/>
          <ticker value="SAN"/>
        </identifiers>
        <balance>4267324</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>48286137.32</valUSD>
        <pctVal>0.7910220365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATURGY ENERGY GRP. SA</name>
        <lei>TL2N6M87CW970S5SV098</lei>
        <title>NATURGY ENERGY GRP. SA</title>
        <cusip>E7S90S109</cusip>
        <identifiers>
          <isin value="ES0116870314"/>
          <ticker value="GASNF"/>
        </identifiers>
        <balance>73153</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2196312.21</valUSD>
        <pctVal>0.0359799200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOCIETE GENERALE SA</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>SOCIETE GENERALE SA</title>
        <cusip>F8591M517</cusip>
        <identifiers>
          <isin value="FR0000130809"/>
          <ticker value="SCGLF"/>
        </identifiers>
        <balance>200342</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>14628191.22</valUSD>
        <pctVal>0.2396385847</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>CTS EVENTIM AG KGAA</name>
        <lei>529900FDHSN08UBJII80</lei>
        <title>CTS EVENTIM AG KGAA</title>
        <cusip>D1648T108</cusip>
        <identifiers>
          <isin value="DE0005470306"/>
          <ticker value="CEVMF"/>
        </identifiers>
        <balance>18278</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1048231.38</valUSD>
        <pctVal>0.0171720947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KONINKLIJKE AHOLD DELHAIZ</name>
        <lei>724500C9GNBV20UYRX36</lei>
        <title>KONINKLIJKE AHOLD DELHAIZ</title>
        <cusip>N0074E105</cusip>
        <identifiers>
          <isin value="NL0011794037"/>
          <ticker value="AHODF"/>
        </identifiers>
        <balance>257797</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>12034945.34</valUSD>
        <pctVal>0.1971561094</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>ROCKWOOL A/S</name>
        <lei>213800QRC7LNX935OZ09</lei>
        <title>ROCKWOOL A/S</title>
        <cusip>K8254S250</cusip>
        <identifiers>
          <isin value="DK0063855168"/>
          <ticker value="RKWBF"/>
        </identifiers>
        <balance>27940</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>779962.25</valUSD>
        <pctVal>0.0127773179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KONGSBERG GRUPPEN ASA</name>
        <lei>5967007LIEEXZXJ9HK73</lei>
        <title>KONGSBERG GRUPPEN ASA</title>
        <cusip>R60837151</cusip>
        <identifiers>
          <isin value="NO0013536151"/>
          <ticker value="NSKFF"/>
        </identifiers>
        <balance>129082</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6829"/>
        <valUSD>5527060.72</valUSD>
        <pctVal>0.0905441410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NI US GOV T PORTFOLIO</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>NI US GOV T PORTFOLIO</title>
        <cusip>665278404</cusip>
        <identifiers>
          <isin value="US6652784041"/>
          <ticker value="BNGXX"/>
        </identifiers>
        <balance>93066036.02</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>93066036.02</valUSD>
        <pctVal>1.5246049782</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>QIAGEN NV</name>
        <lei>54930036WK3GMCN17Z57</lei>
        <title>QIAGEN NV</title>
        <cusip>N72482156</cusip>
        <identifiers>
          <isin value="NL0015002SN0"/>
          <ticker value="QGEN"/>
        </identifiers>
        <balance>60292</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2415157.85</valUSD>
        <pctVal>0.0395650426</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>RECKITT BENCKISER GRP. PL</name>
        <lei>5493003JFSMOJG48V108</lei>
        <title>RECKITT BENCKISER GRP. PL</title>
        <cusip>G7S0C8107</cusip>
        <identifiers>
          <isin value="GB00BSZBP530"/>
          <ticker value="RBGPF"/>
        </identifiers>
        <balance>185973</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>12620621.49</valUSD>
        <pctVal>0.2067506383</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>ROCHE HLDG. AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>ROCHE HLDG. AG</title>
        <cusip>H69293266</cusip>
        <identifiers>
          <isin value="CH1499059983"/>
          <ticker value="RHHVF"/>
        </identifiers>
        <balance>203620</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>80402584.37</valUSD>
        <pctVal>1.3171526975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>PORSCHE AUTOMOBIL HLDG. S</name>
        <lei>52990053Z17ZYM1KFV27</lei>
        <title>PORSCHE AUTOMOBIL HLDG. S</title>
        <cusip>D6240C122</cusip>
        <identifiers>
          <isin value="DE000PAH0038"/>
          <ticker value="POAHF"/>
        </identifiers>
        <balance>45648</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1641989.33</valUSD>
        <pctVal>0.0268990194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SARTORIUS AG</name>
        <lei>529900EQV2DY4FOAMU38</lei>
        <title>SARTORIUS AG</title>
        <cusip>D6705R119</cusip>
        <identifiers>
          <isin value="DE0007165631"/>
          <ticker value="SUVPF"/>
        </identifiers>
        <balance>7623</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1860223.3</valUSD>
        <pctVal>0.0304741217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASR NEDERLAND NV</name>
        <lei>7245000G0HS48PZWUD53</lei>
        <title>ASR NEDERLAND NV</title>
        <cusip>N0709G103</cusip>
        <identifiers>
          <isin value="NL0011872643"/>
          <ticker value="ASRRF"/>
        </identifiers>
        <balance>46726</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3219048.41</valUSD>
        <pctVal>0.0527343534</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>MAGNUM ICE CREAM CO NV/TH</name>
        <lei>25490052LLF3XH6G9847</lei>
        <title>MAGNUM ICE CREAM CO NV/TH</title>
        <cusip>N5505D105</cusip>
        <identifiers>
          <isin value="NL0015002MS2"/>
          <ticker value="MICC"/>
        </identifiers>
        <balance>147935</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>2171497.21</valUSD>
        <pctVal>0.0355734014</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>SUNBELT RENTALS HLDGS. IN</name>
        <lei>529900W4BQDNMAOSRA49</lei>
        <title>SUNBELT RENTALS HLDGS. IN</title>
        <cusip>866966104</cusip>
        <identifiers>
          <isin value="US8669661048"/>
          <ticker value="SUNB"/>
        </identifiers>
        <balance>119418</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>7625834.21</valUSD>
        <pctVal>0.1249261846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENKEL AG KGAA</name>
        <lei>549300VZCL1HTH4O4Y49</lei>
        <title>HENKEL AG KGAA</title>
        <cusip>D3207M110</cusip>
        <identifiers>
          <isin value="DE0006048432"/>
          <ticker value="HENOF"/>
        </identifiers>
        <balance>46571</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3578173</valUSD>
        <pctVal>0.0586175215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VOLKSWAGEN AG</name>
        <lei>529900NNUPAGGOMPXZ31</lei>
        <title>VOLKSWAGEN AG</title>
        <cusip>D94523103</cusip>
        <identifiers>
          <isin value="DE0007664039"/>
          <ticker value="VLKPF"/>
        </identifiers>
        <balance>60454</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6053976.92</valUSD>
        <pctVal>0.0991760662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSG NV</name>
        <lei>31570078IM9ILNPQUB16</lei>
        <title>CSG NV</title>
        <cusip>N2365Q102</cusip>
        <identifiers>
          <isin value="NL0015073TS8"/>
          <ticker value="CSGNF"/>
        </identifiers>
        <balance>57099</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1536427.19</valUSD>
        <pctVal>0.0251697036</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>PRO MEDICUS LTD</name>
        <lei>98450085A903D1BMFF27</lei>
        <title>PRO MEDICUS LTD</title>
        <cusip>Q77301101</cusip>
        <identifiers>
          <isin value="AU000000PME8"/>
          <ticker value="PMCUF"/>
        </identifiers>
        <balance>17064</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>1409756.12</valUSD>
        <pctVal>0.0230945820</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REDEIA CORP SA</name>
        <lei>5493009HMD0C90GUV498</lei>
        <title>REDEIA CORP SA</title>
        <cusip>E42807110</cusip>
        <identifiers>
          <isin value="ES0173093024"/>
          <ticker value="RDEIF"/>
        </identifiers>
        <balance>118184</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2000035.77</valUSD>
        <pctVal>0.0327645253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AENA SME SA</name>
        <lei>959800R7QMXKF0NFMT29</lei>
        <title>AENA SME SA</title>
        <cusip>E526LK101</cusip>
        <identifiers>
          <isin value="ES0105046017"/>
          <ticker value="ANNSF"/>
        </identifiers>
        <balance>221815</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6604596.46</valUSD>
        <pctVal>0.1081962988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SYENSQO SA</name>
        <lei>549300060XNJ90PLNS10</lei>
        <title>SYENSQO SA</title>
        <cusip>B8T189100</cusip>
        <identifiers>
          <isin value="BE0974464977"/>
          <ticker value="SHBBF"/>
        </identifiers>
        <balance>22378</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1294644.58</valUSD>
        <pctVal>0.0212088282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANGLO AMERICAN PLC</name>
        <lei>549300S9XF92D1X8ME43</lei>
        <title>ANGLO AMERICAN PLC</title>
        <cusip>G03764142</cusip>
        <identifiers>
          <isin value="GB00BTK05J60"/>
          <ticker value="AAUKF"/>
        </identifiers>
        <balance>322416</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>13697754.61</valUSD>
        <pctVal>0.2243962004</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>G92087348</cusip>
        <identifiers>
          <isin value="GB00BVZK7T90"/>
          <ticker value="UNLYF"/>
        </identifiers>
        <balance>631267</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>35393070.87</valUSD>
        <pctVal>0.5798082131</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>VERISURE PLC</name>
        <lei>636700ZY9PP0NGXTA943</lei>
        <title>VERISURE PLC</title>
        <cusip>G933QZ109</cusip>
        <identifiers>
          <isin value="GB00BVMN1558"/>
          <ticker value="VSURE"/>
        </identifiers>
        <balance>73331</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>759099.66</valUSD>
        <pctVal>0.0124355476</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>INTERCONTINENTAL HOTELS G</name>
        <lei>2138007ZFQYRUSLU3J98</lei>
        <title>INTERCONTINENTAL HOTELS G</title>
        <cusip>G4804L163</cusip>
        <identifiers>
          <isin value="GB00BHJYC057"/>
          <ticker value="ICHGF"/>
        </identifiers>
        <balance>42262</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5565986.27</valUSD>
        <pctVal>0.0911818182</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>SARTORIUS STEDIM BIOTECH</name>
        <lei>52990006IVXY7GCSSR39</lei>
        <title>SARTORIUS STEDIM BIOTECH</title>
        <cusip>F8005V210</cusip>
        <identifiers>
          <isin value="FR0013154002"/>
          <ticker value="SDMHF"/>
        </identifiers>
        <balance>8476</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1659471.05</valUSD>
        <pctVal>0.0271854044</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>RTS. CAPITALAND ASCENDA</name>
        <lei>N/A</lei>
        <title>RTS. CAPITALAND ASCENDA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="0B2KLCU"/>
        </identifiers>
        <balance>32241</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>3009.19</valUSD>
        <pctVal>0.0000492965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="RIGHT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CK HUTCHISON HLDGS. LTD</name>
        <lei>254900Z8HM1VEPOQ2G79</lei>
        <title>CK HUTCHISON HLDGS. LTD</title>
        <cusip>G21765105</cusip>
        <identifiers>
          <isin value="KYG217651051"/>
          <ticker value="CKHUF"/>
        </identifiers>
        <balance>781638</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>6007200.04</valUSD>
        <pctVal>0.0984097688</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>MERIDIAN ENERGY LTD</name>
        <lei>254900IFKXIGNCY3A092</lei>
        <title>MERIDIAN ENERGY LTD</title>
        <cusip>Q5997E121</cusip>
        <identifiers>
          <isin value="NZMELE0002S7"/>
          <ticker value="MDDNF"/>
        </identifiers>
        <balance>400238</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.7401896"/>
        <valUSD>1279246.38</valUSD>
        <pctVal>0.0209565754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRIFOLS SA</name>
        <lei>959800HSSNXWRKBK4N60</lei>
        <title>GRIFOLS SA</title>
        <cusip>E5706X215</cusip>
        <identifiers>
          <isin value="ES0171996087"/>
          <ticker value="GIFLF"/>
        </identifiers>
        <balance>81386</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>854790.58</valUSD>
        <pctVal>0.0140031533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YOKOHAMA FINANCIAL GROUP</name>
        <lei>N/A</lei>
        <title>YOKOHAMA FINANCIAL GROUP</title>
        <cusip>J08613101</cusip>
        <identifiers>
          <isin value="JP3305990008"/>
          <ticker value="CCRDF"/>
        </identifiers>
        <balance>303600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2699120.28</valUSD>
        <pctVal>0.0442169065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOVA LTD</name>
        <lei>529900B2DSWE5V3SC292</lei>
        <title>NOVA LTD</title>
        <cusip>M7516K103</cusip>
        <identifiers>
          <isin value="IL0010845571"/>
          <ticker value="NVMI"/>
        </identifiers>
        <balance>8757</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.1443"/>
        <valUSD>3890049.58</valUSD>
        <pctVal>0.0637266742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPAN POST INS. CO LTD</name>
        <lei>54930042SK2Z708BA841</lei>
        <title>JAPAN POST INS. CO LTD</title>
        <cusip>J2800E107</cusip>
        <identifiers>
          <isin value="JP3233250004"/>
          <ticker value="JPPIF"/>
        </identifiers>
        <balance>161400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1630581.6</valUSD>
        <pctVal>0.0267121383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POSTE ITALIANE SPA</name>
        <lei>815600354DEDBD0BA991</lei>
        <title>POSTE ITALIANE SPA</title>
        <cusip>T7S697106</cusip>
        <identifiers>
          <isin value="IT0003796171"/>
          <ticker value="PITAF"/>
        </identifiers>
        <balance>133622</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3143808.28</valUSD>
        <pctVal>0.0515017719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABN AMRO BANK NV</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO BANK NV</title>
        <cusip>N0162C102</cusip>
        <identifiers>
          <isin value="NL0011540547"/>
          <ticker value="ABMRF"/>
        </identifiers>
        <balance>170316</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>5447581.52</valUSD>
        <pctVal>0.0892421152</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>BANCA MEDIOLANUM SPA</name>
        <lei>7LVZJ6XRIE7VNZ4UBX81</lei>
        <title>BANCA MEDIOLANUM SPA</title>
        <cusip>T1R88K108</cusip>
        <identifiers>
          <isin value="IT0004776628"/>
          <ticker value="BNMDF"/>
        </identifiers>
        <balance>67379</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1368496.8</valUSD>
        <pctVal>0.0224186731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VAT GRP. AG</name>
        <lei>529900MVFK7NVALR7Y83</lei>
        <title>VAT GRP. AG</title>
        <cusip>H90508104</cusip>
        <identifiers>
          <isin value="CH0311864901"/>
          <ticker value="VTTGF"/>
        </identifiers>
        <balance>7961</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>4911064.31</valUSD>
        <pctVal>0.0804529065</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>DEMANT A/S</name>
        <lei>213800RM6L9LN78BVA56</lei>
        <title>DEMANT A/S</title>
        <cusip>K3008M105</cusip>
        <identifiers>
          <isin value="DK0060738599"/>
          <ticker value="WILLF"/>
        </identifiers>
        <balance>27804</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>845014.79</valUSD>
        <pctVal>0.0138430066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="786015.960000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COCA-COLA EUROPACIFIC PAR</name>
        <lei>549300LTH67W4GWMRF57</lei>
        <title>COCA-COLA EUROPACIFIC PAR</title>
        <cusip>G25839104</cusip>
        <identifiers>
          <isin value="GB00BDCPN049"/>
          <ticker value="CCEP"/>
        </identifiers>
        <balance>59373</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5383349.91</valUSD>
        <pctVal>0.0881898749</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>BAYERISCHE MOTOREN WERKE</name>
        <lei>YEH5ZCD6E441RHVHD759</lei>
        <title>BAYERISCHE MOTOREN WERKE</title>
        <cusip>D12096125</cusip>
        <identifiers>
          <isin value="DE0005190037"/>
          <ticker value="BYMOF"/>
        </identifiers>
        <balance>15738</balance>
        <units>PA</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1413971.88</valUSD>
        <pctVal>0.0231636444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORSTED AS</name>
        <lei>W9NG6WMZIYEU8VEDOG48</lei>
        <title>ORSTED AS</title>
        <cusip>K7653Q105</cusip>
        <identifiers>
          <isin value="DK0060094928"/>
          <ticker value="DOGEF"/>
        </identifiers>
        <balance>154722</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>3788146.8</valUSD>
        <pctVal>0.0620573059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAR GROUP LTD</name>
        <lei>5299009TFWZGH2AN7D11</lei>
        <title>CAR GROUP LTD</title>
        <cusip>Q21411121</cusip>
        <identifiers>
          <isin value="AU000000CAR3"/>
          <ticker value="CRSLF"/>
        </identifiers>
        <balance>112144</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>1813531.19</valUSD>
        <pctVal>0.0297092129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CELLNEX TELECOM SA</name>
        <lei>5493008T4YG3AQUI7P67</lei>
        <title>CELLNEX TELECOM SA</title>
        <cusip>E2R41M104</cusip>
        <identifiers>
          <isin value="ES0105066007"/>
          <ticker value="CLNXF"/>
        </identifiers>
        <balance>141309</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4587945.12</valUSD>
        <pctVal>0.0751595777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FERRARI NV</name>
        <lei>549300RIVY5EX8RCON76</lei>
        <title>FERRARI NV</title>
        <cusip>N3167Y103</cusip>
        <identifiers>
          <isin value="NL0011585146"/>
          <ticker value="RACE"/>
        </identifiers>
        <balance>36361</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>12256217.68</valUSD>
        <pctVal>0.2007809862</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>SBI HOLDINGS INC</name>
        <lei>353800L6LMHYIPSMRQ17</lei>
        <title>SBI HOLDINGS INC</title>
        <cusip>J6991H100</cusip>
        <identifiers>
          <isin value="JP3436120004"/>
          <ticker value="SBHGF"/>
        </identifiers>
        <balance>166420</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3099975.4</valUSD>
        <pctVal>0.0507837029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPAN EXCHANGE GRP. INC</name>
        <lei>353800578ADEGIJTVW07</lei>
        <title>JAPAN EXCHANGE GRP. INC</title>
        <cusip>J2740B106</cusip>
        <identifiers>
          <isin value="JP3183200009"/>
          <ticker value="OSCUF"/>
        </identifiers>
        <balance>288800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3353217.69</valUSD>
        <pctVal>0.0549323105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T&amp;D HLDGS. INC</name>
        <lei>3538008ARJ1MACEWA242</lei>
        <title>T&amp;D HLDGS. INC</title>
        <cusip>J86796109</cusip>
        <identifiers>
          <isin value="JP3539220008"/>
          <ticker value="TDHOF"/>
        </identifiers>
        <balance>134900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3428640.35</valUSD>
        <pctVal>0.0561678822</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TECHTRONIC INDUSTRIES CO</name>
        <lei>549300HZW2SBE758OK89</lei>
        <title>TECHTRONIC INDUSTRIES CO</title>
        <cusip>Y8563B159</cusip>
        <identifiers>
          <isin value="HK0669013440"/>
          <ticker value="TTNDF"/>
        </identifiers>
        <balance>429833</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>5721353.88</valUSD>
        <pctVal>0.0937270457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLP HLDGS. LTD</name>
        <lei>25490002BUTSMP94GO68</lei>
        <title>CLP HLDGS. LTD</title>
        <cusip>Y1660Q104</cusip>
        <identifiers>
          <isin value="HK0002007356"/>
          <ticker value="CLPHF"/>
        </identifiers>
        <balance>475514</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>4477127.53</valUSD>
        <pctVal>0.0733441673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORTESCUE LTD NPV</name>
        <lei>529900VEJFORCO6I4826</lei>
        <title>FORTESCUE LTD NPV</title>
        <cusip>Q39360104</cusip>
        <identifiers>
          <isin value="AU000000FMG4"/>
          <ticker value="FSUMF"/>
        </identifiers>
        <balance>496561</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>7014426.34</valUSD>
        <pctVal>0.1149101195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAIICHI SANKYO CO LTD</name>
        <lei>353800XGIU2IHQGC9504</lei>
        <title>DAIICHI SANKYO CO LTD</title>
        <cusip>J11257102</cusip>
        <identifiers>
          <isin value="JP3475350009"/>
          <ticker value="DSKYF"/>
        </identifiers>
        <balance>520400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>9174897.8</valUSD>
        <pctVal>0.1503028974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="328600.050000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PAN PACIFIC INTL. HLDGS.</name>
        <lei>529900QLHJM2E18A5763</lei>
        <title>PAN PACIFIC INTL. HLDGS.</title>
        <cusip>J6352W100</cusip>
        <identifiers>
          <isin value="JP3639650005"/>
          <ticker value="DQJCF"/>
        </identifiers>
        <balance>554200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3399586.44</valUSD>
        <pctVal>0.0556919219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EAST JAPAN RAILWAY CO</name>
        <lei>353800SENYJ2DSM6PS44</lei>
        <title>EAST JAPAN RAILWAY CO</title>
        <cusip>J1257M109</cusip>
        <identifiers>
          <isin value="JP3783600004"/>
          <ticker value="EJPRF"/>
        </identifiers>
        <balance>277736</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>6338536.04</valUSD>
        <pctVal>0.1038377051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EISAI CO LTD NPV</name>
        <lei>353800HDEE0ZYEX4QV91</lei>
        <title>EISAI CO LTD NPV</title>
        <cusip>J12852117</cusip>
        <identifiers>
          <isin value="JP3160400002"/>
          <ticker value="ESALF"/>
        </identifiers>
        <balance>75800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2355649.27</valUSD>
        <pctVal>0.0385901749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUJIFILM HLDGS. CORP</name>
        <lei>529900UBKMFM0ST6H474</lei>
        <title>FUJIFILM HLDGS. CORP</title>
        <cusip>J14208102</cusip>
        <identifiers>
          <isin value="JP3814000000"/>
          <ticker value="FUJIF"/>
        </identifiers>
        <balance>323700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>6152124.94</valUSD>
        <pctVal>0.1007839241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HIKARI TSUSHIN INC</name>
        <lei>3538001SOIIV8U3OXH94</lei>
        <title>HIKARI TSUSHIN INC</title>
        <cusip>J1949F108</cusip>
        <identifiers>
          <isin value="JP3783420007"/>
          <ticker value="HKTGF"/>
        </identifiers>
        <balance>5000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1265819.35</valUSD>
        <pctVal>0.0207366142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOYA CORP</name>
        <lei>353800X4VR3BHEUCJB42</lei>
        <title>HOYA CORP</title>
        <cusip>J22848105</cusip>
        <identifiers>
          <isin value="JP3837800006"/>
          <ticker value="HOCPF"/>
        </identifiers>
        <balance>97700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>16852854.78</valUSD>
        <pctVal>0.2760829556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GALAXY ENTERTAINMENT GRP.</name>
        <lei>549300ZSEBV3HR826S10</lei>
        <title>GALAXY ENTERTAINMENT GRP.</title>
        <cusip>Y2679D118</cusip>
        <identifiers>
          <isin value="HK0027032686"/>
          <ticker value="GXYEF"/>
        </identifiers>
        <balance>569148</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>2565860.03</valUSD>
        <pctVal>0.0420338412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISUZU MOTORS LTD</name>
        <lei>529900C0QSXVCC7AR494</lei>
        <title>ISUZU MOTORS LTD</title>
        <cusip>J24994113</cusip>
        <identifiers>
          <isin value="JP3137200006"/>
          <ticker value="ISUZF"/>
        </identifiers>
        <balance>156200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2243740.08</valUSD>
        <pctVal>0.0367568819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JARDINE MATHESON HLDGS. L</name>
        <lei>2138009KENVUNWOLPK41</lei>
        <title>JARDINE MATHESON HLDGS. L</title>
        <cusip>G50736100</cusip>
        <identifiers>
          <isin value="BMG507361001"/>
          <ticker value="JARLF"/>
        </identifiers>
        <balance>47300</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3395495.09</valUSD>
        <pctVal>0.0556248975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="611890.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KANSAI ELEC. POWER CO INC</name>
        <lei>353800PFUKP5ONPJNZ86</lei>
        <title>KANSAI ELEC. POWER CO INC</title>
        <cusip>J30169106</cusip>
        <identifiers>
          <isin value="JP3228600007"/>
          <ticker value="KAEPF"/>
        </identifiers>
        <balance>272400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4486816.5</valUSD>
        <pctVal>0.0735028918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAWASAKI KISEN KAISHA LTD</name>
        <lei>353800FL04R73DS5P870</lei>
        <title>KAWASAKI KISEN KAISHA LTD</title>
        <cusip>J31588148</cusip>
        <identifiers>
          <isin value="JP3223800008"/>
          <ticker value="KAKKF"/>
        </identifiers>
        <balance>101700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1712147.49</valUSD>
        <pctVal>0.0280483482</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="641954.140000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>METSO OYJ</name>
        <lei>549300R0VN9C371W0E07</lei>
        <title>METSO OYJ</title>
        <cusip>X5404W104</cusip>
        <identifiers>
          <isin value="FI0009014575"/>
          <ticker value="OUKPF"/>
        </identifiers>
        <balance>194812</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3369280.88</valUSD>
        <pctVal>0.0551954571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DSV A/S</name>
        <lei>529900X41C0BSLK67H70</lei>
        <title>DSV A/S</title>
        <cusip>K31864117</cusip>
        <identifiers>
          <isin value="DK0060079531"/>
          <ticker value="DSDVF"/>
        </identifiers>
        <balance>58931</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>14078860.63</valUSD>
        <pctVal>0.2306394677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SKF AB</name>
        <lei>549300B6HWYEE57O8J84</lei>
        <title>SKF AB</title>
        <cusip>W84237143</cusip>
        <identifiers>
          <isin value="SE0000108227"/>
          <ticker value="SKUFF"/>
        </identifiers>
        <balance>100236</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>2394055.31</valUSD>
        <pctVal>0.0392193414</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>DENSO CORP</name>
        <lei>549300RYPA10CQM3QK38</lei>
        <title>DENSO CORP</title>
        <cusip>J12075107</cusip>
        <identifiers>
          <isin value="JP3551500006"/>
          <ticker value="DNZOF"/>
        </identifiers>
        <balance>499500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>6201832.45</valUSD>
        <pctVal>0.1015982310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEC CORP</name>
        <lei>5493000QYMPFRTEY4K28</lei>
        <title>NEC CORP</title>
        <cusip>J48818207</cusip>
        <identifiers>
          <isin value="JP3733000008"/>
          <ticker value="NIPNF"/>
        </identifiers>
        <balance>376000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>9367527.51</valUSD>
        <pctVal>0.1534585514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADVANTEST CORP</name>
        <lei>353800EMK32PDKS9XR54</lei>
        <title>ADVANTEST CORP</title>
        <cusip>J00210104</cusip>
        <identifiers>
          <isin value="JP3122400009"/>
          <ticker value="ADTTF"/>
        </identifiers>
        <balance>222100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>30049167.51</valUSD>
        <pctVal>0.4922645504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRYG A/S</name>
        <lei>213800ZRS8AC4LSTCE39</lei>
        <title>TRYG A/S</title>
        <cusip>K9640A110</cusip>
        <identifiers>
          <isin value="DK0060636678"/>
          <ticker value="TGVSF"/>
        </identifiers>
        <balance>99871</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>2390662.92</valUSD>
        <pctVal>0.0391637674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPAN POST HLDGS. CO LTD</name>
        <lei>5299003D9N4JBS256X18</lei>
        <title>JAPAN POST HLDGS. CO LTD</title>
        <cusip>J2800D109</cusip>
        <identifiers>
          <isin value="JP3752900005"/>
          <ticker value="JPHLF"/>
        </identifiers>
        <balance>515000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>5908410.09</valUSD>
        <pctVal>0.0967913948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPIRAX GROUP PLC</name>
        <lei>213800WFVZQMHOZP2W17</lei>
        <title>SPIRAX GROUP PLC</title>
        <cusip>G83561129</cusip>
        <identifiers>
          <isin value="GB00BWFGQN14"/>
          <ticker value="SPXSF"/>
        </identifiers>
        <balance>22021</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>1970836.91</valUSD>
        <pctVal>0.0322861905</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>AUTOTRADER GROUP PLC ORD</name>
        <lei>213800QLK9BZILB1DI86</lei>
        <title>AUTOTRADER GROUP PLC ORD</title>
        <cusip>G06708104</cusip>
        <identifiers>
          <isin value="GB00BVYVFW23"/>
          <ticker value="ATDRF"/>
        </identifiers>
        <balance>246670</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>1542995.96</valUSD>
        <pctVal>0.0252773130</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>JAPAN POST BANK CO LTD</name>
        <lei>5493006JVO6N2HC2XZ76</lei>
        <title>JAPAN POST BANK CO LTD</title>
        <cusip>J2800C101</cusip>
        <identifiers>
          <isin value="JP3946750001"/>
          <ticker value="JPSTF"/>
        </identifiers>
        <balance>518000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>8522211.24</valUSD>
        <pctVal>0.1396106059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMUNDI SA</name>
        <lei>96950010FL2T1TJKR531</lei>
        <title>AMUNDI SA</title>
        <cusip>F0300Q103</cusip>
        <identifiers>
          <isin value="FR0004125920"/>
          <ticker value="AMDUF"/>
        </identifiers>
        <balance>17965</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1545113.37</valUSD>
        <pctVal>0.0253120003</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>RYANAIR HLDGS. PLC</name>
        <lei>635400BR2ROC1FVEBQ56</lei>
        <title>RYANAIR HLDGS. PLC</title>
        <cusip>G7727C186</cusip>
        <identifiers>
          <isin value="IE00BYTBXV33"/>
          <ticker value="RYAOF"/>
        </identifiers>
        <balance>240448</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6811997.7</valUSD>
        <pctVal>0.1115939396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCOUT24 SE</name>
        <lei>5493007EIKM2ENQS7U66</lei>
        <title>SCOUT24 SE</title>
        <cusip>D345XT105</cusip>
        <identifiers>
          <isin value="DE000A12DM80"/>
          <ticker value="SCOTF"/>
        </identifiers>
        <balance>22694</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1738847.4</valUSD>
        <pctVal>0.0284857453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VICINITY LTD</name>
        <lei>549300S7GOEVR0EGFN47</lei>
        <title>VICINITY LTD</title>
        <cusip>Q9395F102</cusip>
        <identifiers>
          <isin value="AU000000VCX7"/>
          <ticker value="CNRAF"/>
        </identifiers>
        <balance>1150221</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>1866137.73</valUSD>
        <pctVal>0.0305710117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELECOM ITALIA SPA/MI RTS</name>
        <lei>549300W384M3RI3VXU42</lei>
        <title>TELECOM ITALIA SPA/MI RTS</title>
        <cusip>T92777175</cusip>
        <identifiers>
          <isin value="IT0005697666"/>
          <ticker value="2633577D"/>
        </identifiers>
        <balance>5303752</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>50.82</valUSD>
        <pctVal>0.0000008325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASSOCIATED BRITISH FOODS</name>
        <lei>GBQKSY6W7G0OHCQ8OQ72</lei>
        <title>ASSOCIATED BRITISH FOODS</title>
        <cusip>G05600138</cusip>
        <identifiers>
          <isin value="GB0006731235"/>
          <ticker value="ASBFF"/>
        </identifiers>
        <balance>95012</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>2377970.49</valUSD>
        <pctVal>0.0389558404</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>STANDARD CHARTERED PLC</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>STANDARD CHARTERED PLC</title>
        <cusip>G84228157</cusip>
        <identifiers>
          <isin value="GB0004082847"/>
          <ticker value="SCBFF"/>
        </identifiers>
        <balance>552924</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>11483035.48</valUSD>
        <pctVal>0.1881147388</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>J SAINSBURY PLC</name>
        <lei>213800VGZAAJIKJ9Y484</lei>
        <title>J SAINSBURY PLC</title>
        <cusip>G77732173</cusip>
        <identifiers>
          <isin value="GB00B019KW72"/>
          <ticker value="JSNSF"/>
        </identifiers>
        <balance>509297</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>2287068.89</valUSD>
        <pctVal>0.0374666932</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>ADMIRAL GRP. PLC</name>
        <lei>213800FGVM7Z9EJB2685</lei>
        <title>ADMIRAL GRP. PLC</title>
        <cusip>G0110T106</cusip>
        <identifiers>
          <isin value="GB00B02J6398"/>
          <ticker value="AMIGF"/>
        </identifiers>
        <balance>77873</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>3285229.15</valUSD>
        <pctVal>0.0538185243</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>CENTRICA PLC</name>
        <lei>E26EDV109X6EEPBKVH76</lei>
        <title>CENTRICA PLC</title>
        <cusip>G2018Z143</cusip>
        <identifiers>
          <isin value="GB00B033F229"/>
          <ticker value="CPYYF"/>
        </identifiers>
        <balance>1362589</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>3854243.28</valUSD>
        <pctVal>0.0631400965</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>RENTOKIL INITIAL PLC</name>
        <lei>549300VN4WV7Z6T14K68</lei>
        <title>RENTOKIL INITIAL PLC</title>
        <cusip>G7494G105</cusip>
        <identifiers>
          <isin value="GB00B082RF11"/>
          <ticker value="RKLIF"/>
        </identifiers>
        <balance>738462</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>4591485.11</valUSD>
        <pctVal>0.0752175698</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>LONDON STOCK EXCHANGE GRP</name>
        <lei>213800QAUUUP6I445N30</lei>
        <title>LONDON STOCK EXCHANGE GRP</title>
        <cusip>G5689U103</cusip>
        <identifiers>
          <isin value="GB00B0SWJX34"/>
          <ticker value="LDNXF"/>
        </identifiers>
        <balance>132502</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>15659867.11</valUSD>
        <pctVal>0.2565394678</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>BAE SYS. PLC</name>
        <lei>8SVCSVKSGDWMW2QHOH83</lei>
        <title>BAE SYS. PLC</title>
        <cusip>G06940103</cusip>
        <identifiers>
          <isin value="GB0002634946"/>
          <ticker value="BAESF"/>
        </identifiers>
        <balance>868692</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>25286739.38</valUSD>
        <pctVal>0.4142465973</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>SEVERN TRENT PLC</name>
        <lei>213800RPBXRETY4A4C59</lei>
        <title>SEVERN TRENT PLC</title>
        <cusip>G8056D159</cusip>
        <identifiers>
          <isin value="GB00B1FH8J72"/>
          <ticker value="SVTRF"/>
        </identifiers>
        <balance>80299</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>3297170.37</valUSD>
        <pctVal>0.0540141450</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>RELX PLC</name>
        <lei>549300WSX3VBUFFJOO66</lei>
        <title>RELX PLC</title>
        <cusip>G7493L105</cusip>
        <identifiers>
          <isin value="GB00B2B0DG97"/>
          <ticker value="RLXXF"/>
        </identifiers>
        <balance>527002</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>17374835.45</valUSD>
        <pctVal>0.2846340271</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>IMPERIAL BRANDS PLC</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>IMPERIAL BRANDS PLC</title>
        <cusip>G4720C107</cusip>
        <identifiers>
          <isin value="GB0004544929"/>
          <ticker value="IMBBF"/>
        </identifiers>
        <balance>217422</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>8848954.49</valUSD>
        <pctVal>0.1449633040</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>PRUDENTIAL PLC GBP0.05</name>
        <lei>5493001Z3ZE83NGK8Y12</lei>
        <title>PRUDENTIAL PLC GBP0.05</title>
        <cusip>G72899100</cusip>
        <identifiers>
          <isin value="GB0007099541"/>
          <ticker value="PUKPF"/>
        </identifiers>
        <balance>732492</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>10214841.51</valUSD>
        <pctVal>0.1673392237</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>INTESA SANPAOLO SPA</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>INTESA SANPAOLO SPA</title>
        <cusip>T55067101</cusip>
        <identifiers>
          <isin value="IT0000072618"/>
          <ticker value="IITSF"/>
        </identifiers>
        <balance>4041225</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>24565473.56</valUSD>
        <pctVal>0.4024308425</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BPER BANCA</name>
        <lei>N747OI7JINV7RUUH6190</lei>
        <title>BPER BANCA</title>
        <cusip>T1325T119</cusip>
        <identifiers>
          <isin value="IT0000066123"/>
          <ticker value="BPERF"/>
        </identifiers>
        <balance>432972</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>5651932.77</valUSD>
        <pctVal>0.0925897911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KBC GRP. NV</name>
        <lei>213800X3Q9LSAKRUWY91</lei>
        <title>KBC GRP. NV</title>
        <cusip>B5337G162</cusip>
        <identifiers>
          <isin value="BE0003565737"/>
          <ticker value="KBCSF"/>
        </identifiers>
        <balance>66135</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>8084621.83</valUSD>
        <pctVal>0.1324420295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOFINA SA</name>
        <lei>5493000GMVR38VUO5D39</lei>
        <title>SOFINA SA</title>
        <cusip>B80925124</cusip>
        <identifiers>
          <isin value="BE0003717312"/>
          <ticker value="SFNXF"/>
        </identifiers>
        <balance>4907</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1188851.68</valUSD>
        <pctVal>0.0194757321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERBUND AG</name>
        <lei>5299006UDSEJCTTEJS30</lei>
        <title>VERBUND AG</title>
        <cusip>A91460104</cusip>
        <identifiers>
          <isin value="AT0000746409"/>
          <ticker value="OEZVF"/>
        </identifiers>
        <balance>19706</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1501406.45</valUSD>
        <pctVal>0.0245959949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAPGEMINI SE</name>
        <lei>96950077L0TN7BAROX36</lei>
        <title>CAPGEMINI SE</title>
        <cusip>F4973Q101</cusip>
        <identifiers>
          <isin value="FR0000125338"/>
          <ticker value="CAPMF"/>
        </identifiers>
        <balance>43605</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>5096760.41</valUSD>
        <pctVal>0.0834949744</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>CONTINENTAL AG</name>
        <lei>529900A7YD9C0LLXM621</lei>
        <title>CONTINENTAL AG</title>
        <cusip>D16212140</cusip>
        <identifiers>
          <isin value="DE0005439004"/>
          <ticker value="CTTAF"/>
        </identifiers>
        <balance>33214</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2283240.3</valUSD>
        <pctVal>0.0374039733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIRBUS SE EUR1</name>
        <lei>MINO79WLOO247M1IL051</lei>
        <title>AIRBUS SE EUR1</title>
        <cusip>N0280G100</cusip>
        <identifiers>
          <isin value="NL0000235190"/>
          <ticker value="EADSF"/>
        </identifiers>
        <balance>171985</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>32303145.81</valUSD>
        <pctVal>0.5291891545</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>BOUYGUES SA</name>
        <lei>969500MOCLNQFNZN0D63</lei>
        <title>BOUYGUES SA</title>
        <cusip>F11487125</cusip>
        <identifiers>
          <isin value="FR0000120503"/>
          <ticker value="BOUYF"/>
        </identifiers>
        <balance>56097</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3236379.9</valUSD>
        <pctVal>0.0530182773</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>SAFRAN SA</name>
        <lei>969500UIC89GT3UL7L24</lei>
        <title>SAFRAN SA</title>
        <cusip>F4035A557</cusip>
        <identifiers>
          <isin value="FR0000073272"/>
          <ticker value="SAFRF"/>
        </identifiers>
        <balance>102995</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>33683794.1</valUSD>
        <pctVal>0.5518068929</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>EDP S.A EUR1</name>
        <lei>529900CLC3WDMGI9VH80</lei>
        <title>EDP S.A EUR1</title>
        <cusip>X67925119</cusip>
        <identifiers>
          <isin value="PTEDP0AM0009"/>
          <ticker value="ELCPF"/>
        </identifiers>
        <balance>925276</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4898724.74</valUSD>
        <pctVal>0.0802507601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VEOLIA ENVIRONNEMENT SA</name>
        <lei>969500LENY69X51OOT31</lei>
        <title>VEOLIA ENVIRONNEMENT SA</title>
        <cusip>F9686M107</cusip>
        <identifiers>
          <isin value="FR0000124141"/>
          <ticker value="VEOEF"/>
        </identifiers>
        <balance>180490</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6894760.12</valUSD>
        <pctVal>0.1129497511</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>PUBLICIS GROUPE SA</name>
        <lei>2138004KW8BV57III342</lei>
        <title>PUBLICIS GROUPE SA</title>
        <cusip>F7607Z165</cusip>
        <identifiers>
          <isin value="FR0000130577"/>
          <ticker value="PGPEF"/>
        </identifiers>
        <balance>65335</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>5403266.17</valUSD>
        <pctVal>0.0885161424</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>BOLLORE SE</name>
        <lei>969500LEKCHH6VV86P94</lei>
        <title>BOLLORE SE</title>
        <cusip>F10659260</cusip>
        <identifiers>
          <isin value="FR0000039299"/>
          <ticker value="BOL"/>
        </identifiers>
        <balance>207017</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1183249.98</valUSD>
        <pctVal>0.0193839653</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>HANNOVER RUECK SE</name>
        <lei>529900KIN5BE45V5KB18</lei>
        <title>HANNOVER RUECK SE</title>
        <cusip>D3015J135</cusip>
        <identifiers>
          <isin value="DE0008402215"/>
          <ticker value="HVRRF"/>
        </identifiers>
        <balance>17696</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>5476985.48</valUSD>
        <pctVal>0.0897238099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GENMAB A/S</name>
        <lei>529900MTJPDPE4MHJ122</lei>
        <title>GENMAB A/S</title>
        <cusip>K3967W102</cusip>
        <identifiers>
          <isin value="DK0010272202"/>
          <ticker value="GNMSF"/>
        </identifiers>
        <balance>18040</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>4826805.18</valUSD>
        <pctVal>0.0790725760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DANSKE BANK A/S</name>
        <lei>MAES062Z21O4RZ2U7M96</lei>
        <title>DANSKE BANK A/S</title>
        <cusip>K22272114</cusip>
        <identifiers>
          <isin value="DK0010274414"/>
          <ticker value="DNSKF"/>
        </identifiers>
        <balance>191998</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>9321153.06</valUSD>
        <pctVal>0.1526988466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE POST AG</name>
        <lei>8ER8GIG7CSMVD8VUFE78</lei>
        <title>DEUTSCHE POST AG</title>
        <cusip>D19225107</cusip>
        <identifiers>
          <isin value="DE0005552004"/>
          <ticker value="DPSTF"/>
        </identifiers>
        <balance>265305</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>13682093.89</valUSD>
        <pctVal>0.2241396470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RWE AG</name>
        <lei>529900GB7KCA94ACC940</lei>
        <title>RWE AG</title>
        <cusip>D6629K109</cusip>
        <identifiers>
          <isin value="DE0007037129"/>
          <ticker value="RWNFF"/>
        </identifiers>
        <balance>182880</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>12180496.29</valUSD>
        <pctVal>0.1995405206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELENOR ASA</name>
        <lei>549300IM1QSBY4SLPM26</lei>
        <title>TELENOR ASA</title>
        <cusip>R89923107</cusip>
        <identifiers>
          <isin value="NO0010063308"/>
          <ticker value="TELNF"/>
        </identifiers>
        <balance>180723</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6829"/>
        <valUSD>3182981.53</valUSD>
        <pctVal>0.0521435068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AP MOLLER - MAERSK A/S</name>
        <lei>549300D2K6PKKKXVNN73</lei>
        <title>AP MOLLER - MAERSK A/S</title>
        <cusip>K0514G135</cusip>
        <identifiers>
          <isin value="DK0010244425"/>
          <ticker value="AMKAF"/>
        </identifiers>
        <balance>880</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>2137675.76</valUSD>
        <pctVal>0.0350193394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1678408.940000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>L E LUNDBERGFORETAGEN AB</name>
        <lei>529900BPSFZS6O3A9R04</lei>
        <title>L E LUNDBERGFORETAGEN AB</title>
        <cusip>W54114108</cusip>
        <identifiers>
          <isin value="SE0000108847"/>
          <ticker value="LBGUF"/>
        </identifiers>
        <balance>22433</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>1281300.77</valUSD>
        <pctVal>0.0209902303</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>SKANDINAVISKA ENSKILDA BA</name>
        <lei>F3JS33DEI6XQ4ZBPTN86</lei>
        <title>SKANDINAVISKA ENSKILDA BA</title>
        <cusip>W25381141</cusip>
        <identifiers>
          <isin value="SE0000148884"/>
          <ticker value="SVKEF"/>
        </identifiers>
        <balance>434648</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>7985608.46</valUSD>
        <pctVal>0.1308199955</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>TRELLEBORG AB</name>
        <lei>213800XY16PAWG2PAD14</lei>
        <title>TRELLEBORG AB</title>
        <cusip>W96297101</cusip>
        <identifiers>
          <isin value="SE0000114837"/>
          <ticker value="TBABF"/>
        </identifiers>
        <balance>60361</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>2249131.62</valUSD>
        <pctVal>0.0368452060</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>AZRIELI GRP. LTD</name>
        <lei>N/A</lei>
        <title>AZRIELI GRP. LTD</title>
        <cusip>M1571Q105</cusip>
        <identifiers>
          <isin value="IL0011194789"/>
          <ticker value="AZRGF"/>
        </identifiers>
        <balance>12613</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.1443"/>
        <valUSD>1689310.36</valUSD>
        <pctVal>0.0276742311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KERING SA</name>
        <lei>549300VGEJKB7SVUZR78</lei>
        <title>KERING SA</title>
        <cusip>F5433L103</cusip>
        <identifiers>
          <isin value="FR0000121485"/>
          <ticker value="PPRUF"/>
        </identifiers>
        <balance>21407</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6473194.65</valUSD>
        <pctVal>0.1060436783</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>BEIERSDORF AG NPV</name>
        <lei>L47NHHI0Z9X22DV46U41</lei>
        <title>BEIERSDORF AG NPV</title>
        <cusip>D08792109</cusip>
        <identifiers>
          <isin value="DE0005200000"/>
          <ticker value="BDRFF"/>
        </identifiers>
        <balance>28719</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2540839.55</valUSD>
        <pctVal>0.0416239564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOCHTIEF AG</name>
        <lei>529900Y25S8NZIYTT924</lei>
        <title>HOCHTIEF AG</title>
        <cusip>D33134103</cusip>
        <identifiers>
          <isin value="DE0006070006"/>
          <ticker value="HOCFF"/>
        </identifiers>
        <balance>4665</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2051692.85</valUSD>
        <pctVal>0.0336107700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REPSOL SA</name>
        <lei>BSYCX13Y0NOTV14V9N85</lei>
        <title>REPSOL SA</title>
        <cusip>E8471S130</cusip>
        <identifiers>
          <isin value="ES0173516115"/>
          <ticker value="REPYF"/>
        </identifiers>
        <balance>326765</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>9180830.55</valUSD>
        <pctVal>0.1504000875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>H &amp; M HENNES &amp; MAURITZ AB</name>
        <lei>529900O5RR7R39FRDM42</lei>
        <title>H &amp; M HENNES &amp; MAURITZ AB</title>
        <cusip>W41422101</cusip>
        <identifiers>
          <isin value="SE0000106270"/>
          <ticker value="HMRZF"/>
        </identifiers>
        <balance>143591</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>2677035.92</valUSD>
        <pctVal>0.0438551212</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>ELISA OYJ</name>
        <lei>743700TU2S3DXWGU7H32</lei>
        <title>ELISA OYJ</title>
        <cusip>X1949T102</cusip>
        <identifiers>
          <isin value="FI0009007884"/>
          <ticker value="ELMUF"/>
        </identifiers>
        <balance>41540</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2014118.08</valUSD>
        <pctVal>0.0329952213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIEMENS AG</name>
        <lei>W38RGI023J3WT1HWRP32</lei>
        <title>SIEMENS AG</title>
        <cusip>D69671218</cusip>
        <identifiers>
          <isin value="DE0007236101"/>
          <ticker value="SMAWF"/>
        </identifiers>
        <balance>220387</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>52273671.46</valUSD>
        <pctVal>0.8563456997</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELEFONICA SA</name>
        <lei>549300EEJH4FEPDBBR25</lei>
        <title>TELEFONICA SA</title>
        <cusip>879382109</cusip>
        <identifiers>
          <isin value="ES0178430E18"/>
          <ticker value="TEFOF"/>
        </identifiers>
        <balance>1055592</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4667659.95</valUSD>
        <pctVal>0.0764654637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE BANK AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>DEUTSCHE BANK AG</title>
        <cusip>D18190898</cusip>
        <identifiers>
          <isin value="DE0005140008"/>
          <ticker value="DB"/>
        </identifiers>
        <balance>524169</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>15338227.46</valUSD>
        <pctVal>0.2512703769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FRESENIUS MEDICAL CARE AG</name>
        <lei>549300CP8NY40UP89Q40</lei>
        <title>FRESENIUS MEDICAL CARE AG</title>
        <cusip>D2734Z107</cusip>
        <identifiers>
          <isin value="DE0005785802"/>
          <ticker value="FMCQF"/>
        </identifiers>
        <balance>63758</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2836679.58</valUSD>
        <pctVal>0.0464703988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BUZZI SPA</name>
        <lei>5299003DX5YLKSVJ6K59</lei>
        <title>BUZZI SPA</title>
        <cusip>T2320M109</cusip>
        <identifiers>
          <isin value="IT0001347308"/>
          <ticker value="BZZUF"/>
        </identifiers>
        <balance>21112</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1064927.12</valUSD>
        <pctVal>0.0174456038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</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</title>
        <cusip>D2035M136</cusip>
        <identifiers>
          <isin value="DE0005557508"/>
          <ticker value="DTE"/>
        </identifiers>
        <balance>1067159</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>39350477.61</valUSD>
        <pctVal>0.6446383302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RATIONAL AG</name>
        <lei>529900K139N6UFJ1A758</lei>
        <title>RATIONAL AG</title>
        <cusip>D6349P107</cusip>
        <identifiers>
          <isin value="DE0007010803"/>
          <ticker value="RTLLF"/>
        </identifiers>
        <balance>1462</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1058264.24</valUSD>
        <pctVal>0.0173364527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOVONESIS NOVOZYMES B</name>
        <lei>529900T6WNZXD2R3JW38</lei>
        <title>NOVONESIS NOVOZYMES B</title>
        <cusip>K7317J133</cusip>
        <identifiers>
          <isin value="DK0060336014"/>
          <ticker value="NVZMF"/>
        </identifiers>
        <balance>100625</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>5953957.69</valUSD>
        <pctVal>0.0975375542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KERRY GRP. PLC</name>
        <lei>635400TLVVBNXLFHWC59</lei>
        <title>KERRY GRP. PLC</title>
        <cusip>G52416107</cusip>
        <identifiers>
          <isin value="IE0004906560"/>
          <ticker value="KRYAF"/>
        </identifiers>
        <balance>45537</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3606346.95</valUSD>
        <pctVal>0.0590790663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OMV AG</name>
        <lei>549300V62YJ9HTLRI486</lei>
        <title>OMV AG</title>
        <cusip>A51460110</cusip>
        <identifiers>
          <isin value="AT0000743059"/>
          <ticker value="OMVJF"/>
        </identifiers>
        <balance>43277</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3142897.91</valUSD>
        <pctVal>0.0514868582</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THALES SA</name>
        <lei>529900FNDVTQJOVVPZ19</lei>
        <title>THALES SA</title>
        <cusip>F9156M108</cusip>
        <identifiers>
          <isin value="FR0000121329"/>
          <ticker value="THLEF"/>
        </identifiers>
        <balance>26721</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>7845480.22</valUSD>
        <pctVal>0.1285244189</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>OBIC CO LTD</name>
        <lei>N/A</lei>
        <title>OBIC CO LTD</title>
        <cusip>J5946V107</cusip>
        <identifiers>
          <isin value="JP3173400007"/>
          <ticker value="OBIIF"/>
        </identifiers>
        <balance>93600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2280901.48</valUSD>
        <pctVal>0.0373656588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORACLE CORP JAPAN</name>
        <lei>529900MIMKY9RU60Z323</lei>
        <title>ORACLE CORP JAPAN</title>
        <cusip>J6165M109</cusip>
        <identifiers>
          <isin value="JP3689500001"/>
          <ticker value="OCLCF"/>
        </identifiers>
        <balance>11300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>618900.77</valUSD>
        <pctVal>0.0101388136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AISIN CORP</name>
        <lei>3538004IOK08PDY6I723</lei>
        <title>AISIN CORP</title>
        <cusip>J00714105</cusip>
        <identifiers>
          <isin value="JP3102000001"/>
          <ticker value="ASEKF"/>
        </identifiers>
        <balance>142300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1969818.37</valUSD>
        <pctVal>0.0322695048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNCORP GROUP LTD</name>
        <lei>549300BVOKRTHDIWVT46</lei>
        <title>SUNCORP GROUP LTD</title>
        <cusip>Q88040334</cusip>
        <identifiers>
          <isin value="AU000000SUN6"/>
          <ticker value="SNMYF"/>
        </identifiers>
        <balance>318948</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>3558243.53</valUSD>
        <pctVal>0.0582910375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASAHI KASEI CORP</name>
        <lei>353800GPI4Z3MGDGN142</lei>
        <title>ASAHI KASEI CORP</title>
        <cusip>J0242P110</cusip>
        <identifiers>
          <isin value="JP3111200006"/>
          <ticker value="AHKSF"/>
        </identifiers>
        <balance>380500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3684485.06</valUSD>
        <pctVal>0.0603591225</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOC HONG KONG HLDGS. LTD</name>
        <lei>254900JB98W77JDJMW15</lei>
        <title>BOC HONG KONG HLDGS. LTD</title>
        <cusip>Y0920U103</cusip>
        <identifiers>
          <isin value="HK2388011192"/>
          <ticker value="BNKHF"/>
        </identifiers>
        <balance>1088108</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>5995582.6</valUSD>
        <pctVal>0.0982194522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BP PLC</name>
        <lei>213800LH1BZH3DI6G760</lei>
        <title>BP PLC</title>
        <cusip>G12793108</cusip>
        <identifiers>
          <isin value="GB0007980591"/>
          <ticker value="BPAQF"/>
        </identifiers>
        <balance>4557636</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>35925948.81</valUSD>
        <pctVal>0.5885378033</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>KINGFISHER PLC</name>
        <lei>213800KBMEV7I92FY281</lei>
        <title>KINGFISHER PLC</title>
        <cusip>G5256E441</cusip>
        <identifiers>
          <isin value="GB0033195214"/>
          <ticker value="KGFHF"/>
        </identifiers>
        <balance>492390</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>1869735.45</valUSD>
        <pctVal>0.0306299494</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>RIO TINTO PLC</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>RIO TINTO PLC</title>
        <cusip>G75754104</cusip>
        <identifiers>
          <isin value="GB0007188757"/>
          <ticker value="RTPPF"/>
        </identifiers>
        <balance>326472</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>30346151.26</valUSD>
        <pctVal>0.4971297292</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>NESTLE SA</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>NESTLE SA</title>
        <cusip>H57312649</cusip>
        <identifiers>
          <isin value="CH0038863350"/>
          <ticker value="NSRGF"/>
        </identifiers>
        <balance>747147</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>74108720.95</valUSD>
        <pctVal>1.2140468180</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>COLOPLAST A/S</name>
        <lei>529900NN7SOJ5QG82X67</lei>
        <title>COLOPLAST A/S</title>
        <cusip>K16018192</cusip>
        <identifiers>
          <isin value="DK0060448595"/>
          <ticker value="CLPBF"/>
        </identifiers>
        <balance>37592</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>2563140.83</valUSD>
        <pctVal>0.0419892953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUNTORY BEVERAGE &amp; FOOD L</name>
        <lei>549300FONLMVK7YYYH41</lei>
        <title>SUNTORY BEVERAGE &amp; FOOD L</title>
        <cusip>J78186103</cusip>
        <identifiers>
          <isin value="JP3336560002"/>
          <ticker value="STBFF"/>
        </identifiers>
        <balance>41500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1173535.05</valUSD>
        <pctVal>0.0192248156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHECK POINT SOFTWARE TECH</name>
        <lei>2549003ZVBH73EPNS513</lei>
        <title>CHECK POINT SOFTWARE TECH</title>
        <cusip>M22465104</cusip>
        <identifiers>
          <isin value="IL0010824113"/>
          <ticker value="CHKP"/>
        </identifiers>
        <balance>25598</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3656674.3</valUSD>
        <pctVal>0.0599035274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TEVA PHARM. INDS. LTD ADR</name>
        <lei>549300BAFGM4RC74ZJ94</lei>
        <title>TEVA PHARM. INDS. LTD ADR</title>
        <cusip>881624209</cusip>
        <identifiers>
          <isin value="US8816242098"/>
          <ticker value="TEVA"/>
        </identifiers>
        <balance>331199</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9975713.88</valUSD>
        <pctVal>0.1634218421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONOTARO CO LTD</name>
        <lei>5299005JUER5ANXWTC33</lei>
        <title>MONOTARO CO LTD</title>
        <cusip>J46583100</cusip>
        <identifiers>
          <isin value="JP3922950005"/>
          <ticker value="MONOF"/>
        </identifiers>
        <balance>78000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>838520.36</valUSD>
        <pctVal>0.0137366151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAYER AG</name>
        <lei>549300J4U55H3WP1XT59</lei>
        <title>BAYER AG</title>
        <cusip>D0712D163</cusip>
        <identifiers>
          <isin value="DE000BAY0017"/>
          <ticker value="BAYZF"/>
        </identifiers>
        <balance>284641</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>12940082.18</valUSD>
        <pctVal>0.2119840336</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AKER BP ASA</name>
        <lei>549300NFTY73920OYK69</lei>
        <title>AKER BP ASA</title>
        <cusip>R0139K100</cusip>
        <identifiers>
          <isin value="NO0010345853"/>
          <ticker value="AKRBF"/>
        </identifiers>
        <balance>92564</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6829"/>
        <valUSD>3398283.32</valUSD>
        <pctVal>0.0556705742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOMPO HLDGS. INC</name>
        <lei>353800CWW4SRGEYEB512</lei>
        <title>SOMPO HLDGS. INC</title>
        <cusip>J7621A101</cusip>
        <identifiers>
          <isin value="JP3165000005"/>
          <ticker value="NHOLF"/>
        </identifiers>
        <balance>257035</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>10043211.22</valUSD>
        <pctVal>0.1645275815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMADEUS IT GRP. SA</name>
        <lei>9598004A3FTY3TEHHN09</lei>
        <title>AMADEUS IT GRP. SA</title>
        <cusip>E04648114</cusip>
        <identifiers>
          <isin value="ES0109067019"/>
          <ticker value="AMADF"/>
        </identifiers>
        <balance>129169</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>7342645.52</valUSD>
        <pctVal>0.1202869961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENTAIN PLC</name>
        <lei>213800GNI3K45LQR8L28</lei>
        <title>ENTAIN PLC</title>
        <cusip>G3167C109</cusip>
        <identifiers>
          <isin value="IM00B5VQMV65"/>
          <ticker value="GMVHF"/>
        </identifiers>
        <balance>174779</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>1319786.88</valUSD>
        <pctVal>0.0216207086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERNATIONAL CONS. AIRLI</name>
        <lei>959800TZHQRUSH1ESL13</lei>
        <title>INTERNATIONAL CONS. AIRLI</title>
        <cusip>E67674106</cusip>
        <identifiers>
          <isin value="ES0177542018"/>
          <ticker value="BABWF"/>
        </identifiers>
        <balance>349712</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1671380.49</valUSD>
        <pctVal>0.0273805045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEG IMMOBILIEN SE</name>
        <lei>391200SO40AKONBO0Z96</lei>
        <title>LEG IMMOBILIEN SE</title>
        <cusip>D4960A103</cusip>
        <identifiers>
          <isin value="DE000LEG1110"/>
          <ticker value="LEGIF"/>
        </identifiers>
        <balance>21697</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1413019.9</valUSD>
        <pctVal>0.0231480491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMMERZBANK AG</name>
        <lei>851WYGNLUQLFZBSYGB56</lei>
        <title>COMMERZBANK AG</title>
        <cusip>D172W1279</cusip>
        <identifiers>
          <isin value="DE000CBK1001"/>
          <ticker value="CRZBF"/>
        </identifiers>
        <balance>215977</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>7753887.07</valUSD>
        <pctVal>0.1270239427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BT GRP. PLC</name>
        <lei>213800LRO7NS5CYQMN21</lei>
        <title>BT GRP. PLC</title>
        <cusip>G16612106</cusip>
        <identifiers>
          <isin value="GB0030913577"/>
          <ticker value="BTGOF"/>
        </identifiers>
        <balance>1719708</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>4820305.2</valUSD>
        <pctVal>0.0789660935</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>MARKS &amp; SPENCER GRP. PLC</name>
        <lei>213800EJP14A79ZG1X44</lei>
        <title>MARKS &amp; SPENCER GRP. PLC</title>
        <cusip>G5824M107</cusip>
        <identifiers>
          <isin value="GB0031274896"/>
          <ticker value="MAKSF"/>
        </identifiers>
        <balance>601788</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>2702764.07</valUSD>
        <pctVal>0.0442765990</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>BARCLAYS PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>BARCLAYS PLC</title>
        <cusip>G08036124</cusip>
        <identifiers>
          <isin value="GB0031348658"/>
          <ticker value="BCLYF"/>
        </identifiers>
        <balance>4003965</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>21098688.91</valUSD>
        <pctVal>0.3456380815</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>INTERTEK GRP. PLC</name>
        <lei>2138003GAT25WW1RN369</lei>
        <title>INTERTEK GRP. PLC</title>
        <cusip>G4911B108</cusip>
        <identifiers>
          <isin value="GB0031638363"/>
          <ticker value="IKTSF"/>
        </identifiers>
        <balance>46117</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>2248520.52</valUSD>
        <pctVal>0.0368351949</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>NEXT PLC</name>
        <lei>213800WQD8ECPZP9PH98</lei>
        <title>NEXT PLC</title>
        <cusip>G6500M106</cusip>
        <identifiers>
          <isin value="GB0032089863"/>
          <ticker value="NXGPF"/>
        </identifiers>
        <balance>34032</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>5739095.06</valUSD>
        <pctVal>0.0940176811</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>ANZ GROUP HOLDINGS LTD</name>
        <lei>9845005D9C6BAA10BK72</lei>
        <title>ANZ GROUP HOLDINGS LTD</title>
        <cusip>Q0429F119</cusip>
        <identifiers>
          <isin value="AU000000ANZ3"/>
          <ticker value="ANZGF"/>
        </identifiers>
        <balance>871135</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>21898847.82</valUSD>
        <pctVal>0.3587462605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RENESAS ELECTNCS. CORP</name>
        <lei>5299000EPC47VJQOFB81</lei>
        <title>RENESAS ELECTNCS. CORP</title>
        <cusip>J4881V107</cusip>
        <identifiers>
          <isin value="JP3164720009"/>
          <ticker value="RNECF"/>
        </identifiers>
        <balance>513100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>7286288.66</valUSD>
        <pctVal>0.1193637597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANDS CHINA LTD</name>
        <lei>549300EVO6UZDGY05787</lei>
        <title>SANDS CHINA LTD</title>
        <cusip>G7800X107</cusip>
        <identifiers>
          <isin value="KYG7800X1079"/>
          <ticker value="SCHYF"/>
        </identifiers>
        <balance>681899</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>1449295.05</valUSD>
        <pctVal>0.0237423075</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>WARTSILA OYJ ABP</name>
        <lei>743700G7A9J1PHM3X223</lei>
        <title>WARTSILA OYJ ABP</title>
        <cusip>X98155116</cusip>
        <identifiers>
          <isin value="FI0009003727"/>
          <ticker value="WRTBF"/>
        </identifiers>
        <balance>143503</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>5365818.31</valUSD>
        <pctVal>0.0879026727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO ESPIRITO SANTO SA</name>
        <lei>N/A</lei>
        <title>BANCO ESPIRITO SANTO SA</title>
        <cusip>X0346X153</cusip>
        <identifiers>
          <isin value="PTBES0AM0007"/>
        </identifiers>
        <balance>882815</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>.01</valUSD>
        <pctVal>0.0000000002</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GEA GRP. AG</name>
        <lei>549300PHUU0ZZWO8EO07</lei>
        <title>GEA GRP. AG</title>
        <cusip>D28304109</cusip>
        <identifiers>
          <isin value="DE0006602006"/>
          <ticker value="G1A"/>
        </identifiers>
        <balance>42350</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2992891.43</valUSD>
        <pctVal>0.0490294566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAP SE</name>
        <lei>529900D6BF99LW9R2E68</lei>
        <title>SAP SE</title>
        <cusip>D66992104</cusip>
        <identifiers>
          <isin value="DE0007164600"/>
          <ticker value="SAPGF"/>
        </identifiers>
        <balance>302476</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>51188932.26</valUSD>
        <pctVal>0.8385755351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK HAPOALIM BM</name>
        <lei>B6ARUI4946ST4S7WOU88</lei>
        <title>BANK HAPOALIM BM</title>
        <cusip>M1586M115</cusip>
        <identifiers>
          <isin value="IL0006625771"/>
          <ticker value="BKHPF"/>
        </identifiers>
        <balance>359303</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.1443"/>
        <valUSD>8409985.87</valUSD>
        <pctVal>0.1377721333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LY CORP NPV</name>
        <lei>52990078MD2OL792YM35</lei>
        <title>LY CORP NPV</title>
        <cusip>J9894K105</cusip>
        <identifiers>
          <isin value="JP3933800009"/>
          <ticker value="YAHOF"/>
        </identifiers>
        <balance>796700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1930923.33</valUSD>
        <pctVal>0.0316323274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAPITALAND ASCENDAS REIT</name>
        <lei>549300ILIBAEMQZK3L20</lei>
        <title>CAPITALAND ASCENDAS REIT</title>
        <cusip>Y0205X103</cusip>
        <identifiers>
          <isin value="SG1M77906915"/>
          <ticker value="ACDSF"/>
        </identifiers>
        <balance>1151492</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>2224828.89</valUSD>
        <pctVal>0.0364470794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELSTRA GROUP LTD</name>
        <lei>894500WRW54CVN62K416</lei>
        <title>TELSTRA GROUP LTD</title>
        <cusip>Q8975N105</cusip>
        <identifiers>
          <isin value="AU000000TLS2"/>
          <ticker value="TTRAF"/>
        </identifiers>
        <balance>1163990</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>4287028.13</valUSD>
        <pctVal>0.0702299647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LYNAS RARE EARTHS LTD</name>
        <lei>529900SGT9M1FJPXXI35</lei>
        <title>LYNAS RARE EARTHS LTD</title>
        <cusip>Q5683J210</cusip>
        <identifiers>
          <isin value="AU000000LYC6"/>
          <ticker value="LYSCF"/>
        </identifiers>
        <balance>264701</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>3597229.68</valUSD>
        <pctVal>0.0589297075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANDAI NAMCO HLDGS. INC</name>
        <lei>3538008EFEM34VRJDQ95</lei>
        <title>BANDAI NAMCO HLDGS. INC</title>
        <cusip>Y0606D102</cusip>
        <identifiers>
          <isin value="JP3778630008"/>
          <ticker value="NCBDF"/>
        </identifiers>
        <balance>172800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4268243.34</valUSD>
        <pctVal>0.0699222329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRIDGESTONE CORP</name>
        <lei>549300DHPOF90OYYD780</lei>
        <title>BRIDGESTONE CORP</title>
        <cusip>J04578126</cusip>
        <identifiers>
          <isin value="JP3830800003"/>
          <ticker value="BRDCF"/>
        </identifiers>
        <balance>327100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>6789252.25</valUSD>
        <pctVal>0.1112213244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HONG KONG &amp; CHINA GAS CO</name>
        <lei>254900P7BETXGC7YU827</lei>
        <title>HONG KONG &amp; CHINA GAS CO</title>
        <cusip>Y33370100</cusip>
        <identifiers>
          <isin value="HK0003000038"/>
          <ticker value="HOKCF"/>
        </identifiers>
        <balance>3199005</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>2932341.59</valUSD>
        <pctVal>0.0480375310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICL GROUP LTD</name>
        <lei>529900FQVQD88SHIGM04</lei>
        <title>ICL GROUP LTD</title>
        <cusip>M53213100</cusip>
        <identifiers>
          <isin value="IL0002810146"/>
          <ticker value="ICL"/>
        </identifiers>
        <balance>217946</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.1443"/>
        <valUSD>1122983.84</valUSD>
        <pctVal>0.0183966872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KIKKOMAN CORP</name>
        <lei>529900T9K5UH9HXOND47</lei>
        <title>KIKKOMAN CORP</title>
        <cusip>J32620106</cusip>
        <identifiers>
          <isin value="JP3240400006"/>
          <ticker value="KIKOF"/>
        </identifiers>
        <balance>201800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1839531.28</valUSD>
        <pctVal>0.0301351456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KONAMI GROUP CORP</name>
        <lei>353800FC4A5QCMIZFV94</lei>
        <title>KONAMI GROUP CORP</title>
        <cusip>J3600L101</cusip>
        <identifiers>
          <isin value="JP3300200007"/>
          <ticker value="KNAMF"/>
        </identifiers>
        <balance>29600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3682829.39</valUSD>
        <pctVal>0.0603319993</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KUBOTA CORP</name>
        <lei>549300CSY4INHEHQQT13</lei>
        <title>KUBOTA CORP</title>
        <cusip>J36662138</cusip>
        <identifiers>
          <isin value="JP3266400005"/>
          <ticker value="KUBTF"/>
        </identifiers>
        <balance>285500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4504918.02</valUSD>
        <pctVal>0.0737994303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KYOWA KIRIN CO LTD</name>
        <lei>529900TBXKVTQGYA3582</lei>
        <title>KYOWA KIRIN CO LTD</title>
        <cusip>J38296117</cusip>
        <identifiers>
          <isin value="JP3256000005"/>
          <ticker value="KYKOF"/>
        </identifiers>
        <balance>73200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1209167.12</valUSD>
        <pctVal>0.0198085391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MURATA MFG. CO LTD</name>
        <lei>529900QZG6DL8ZRI7140</lei>
        <title>MURATA MFG. CO LTD</title>
        <cusip>J46840104</cusip>
        <identifiers>
          <isin value="JP3914400001"/>
          <ticker value="MRAAF"/>
        </identifiers>
        <balance>482673</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>10821875.4</valUSD>
        <pctVal>0.1772836344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DASSAULT AVIATION SA</name>
        <lei>969500CVFTUT88V8QN95</lei>
        <title>DASSAULT AVIATION SA</title>
        <cusip>F24539169</cusip>
        <identifiers>
          <isin value="FR0014004L86"/>
          <ticker value="DUAVF"/>
        </identifiers>
        <balance>5804</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2152702.53</valUSD>
        <pctVal>0.0352655075</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>JAPAN AIRLINES CO LTD</name>
        <lei>3538002MH5L1QZZ93477</lei>
        <title>JAPAN AIRLINES CO LTD</title>
        <cusip>J25979121</cusip>
        <identifiers>
          <isin value="JP3705200008"/>
          <ticker value="JPNRF"/>
        </identifiers>
        <balance>42200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>686596.24</valUSD>
        <pctVal>0.0112477988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STORA ENSO OYJ</name>
        <lei>7437000ZP669LKUTZ738</lei>
        <title>STORA ENSO OYJ</title>
        <cusip>X8T9CM113</cusip>
        <identifiers>
          <isin value="FI0009005961"/>
          <ticker value="SEOJF"/>
        </identifiers>
        <balance>176686</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2081214.05</valUSD>
        <pctVal>0.0340943854</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENDESA SA</name>
        <lei>549300LHK07F2CHV4X31</lei>
        <title>ENDESA SA</title>
        <cusip>E41222113</cusip>
        <identifiers>
          <isin value="ES0130670112"/>
          <ticker value="ELEZF"/>
        </identifiers>
        <balance>93555</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3945263.08</valUSD>
        <pctVal>0.0646311801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ERSTE GROUP BANK AG</name>
        <lei>PQOH26KWDF7CG10L6792</lei>
        <title>ERSTE GROUP BANK AG</title>
        <cusip>A19494102</cusip>
        <identifiers>
          <isin value="AT0000652011"/>
          <ticker value="EBKOF"/>
        </identifiers>
        <balance>88856</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>9601401.91</valUSD>
        <pctVal>0.1572898748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RANDSTAD NV</name>
        <lei>7245009EAAUUQJ0U4T57</lei>
        <title>RANDSTAD NV</title>
        <cusip>N7291Y137</cusip>
        <identifiers>
          <isin value="NL0000379121"/>
          <ticker value="RANJF"/>
        </identifiers>
        <balance>30660</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>805499.27</valUSD>
        <pctVal>0.0131956646</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>HENKEL AG KGAA</name>
        <lei>549300VZCL1HTH4O4Y49</lei>
        <title>HENKEL AG KGAA</title>
        <cusip>D3207M102</cusip>
        <identifiers>
          <isin value="DE0006048408"/>
          <ticker value="HELKF"/>
        </identifiers>
        <balance>28988</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2076150.8</valUSD>
        <pctVal>0.0340114394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLIANZ SE</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>ALLIANZ SE</title>
        <cusip>D03080112</cusip>
        <identifiers>
          <isin value="DE0008404005"/>
          <ticker value="ALIZF"/>
        </identifiers>
        <balance>110254</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>45687918.14</valUSD>
        <pctVal>0.7484580887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEUTSCHE LUFTHANSA AG</name>
        <lei>529900PH63HYJ86ASW55</lei>
        <title>DEUTSCHE LUFTHANSA AG</title>
        <cusip>D1908N106</cusip>
        <identifiers>
          <isin value="DE0008232125"/>
          <ticker value="DLAKF"/>
        </identifiers>
        <balance>170170</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1404593.34</valUSD>
        <pctVal>0.0230100055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERCEDES-BENZ GRP. AG</name>
        <lei>529900R27DL06UVNT076</lei>
        <title>MERCEDES-BENZ GRP. AG</title>
        <cusip>D1668R123</cusip>
        <identifiers>
          <isin value="DE0007100000"/>
          <ticker value="MBGAF"/>
        </identifiers>
        <balance>208043</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>12604201.4</valUSD>
        <pctVal>0.2064816449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACCIONA SA</name>
        <lei>54930002KP75TLLLNO21</lei>
        <title>ACCIONA SA</title>
        <cusip>E0008Z109</cusip>
        <identifiers>
          <isin value="ES0125220311"/>
          <ticker value="ACXIF"/>
        </identifiers>
        <balance>7195</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1898815.62</valUSD>
        <pctVal>0.0311063399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANOFI SA</name>
        <lei>549300E9PC51EN656011</lei>
        <title>SANOFI SA</title>
        <cusip>F5548N101</cusip>
        <identifiers>
          <isin value="FR0000120578"/>
          <ticker value="SNYNF"/>
        </identifiers>
        <balance>318649</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>30735541.01</valUSD>
        <pctVal>0.5035087002</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>BAYERISCHE MOTOREN WERKE</name>
        <lei>YEH5ZCD6E441RHVHD759</lei>
        <title>BAYERISCHE MOTOREN WERKE</title>
        <cusip>D12096109</cusip>
        <identifiers>
          <isin value="DE0005190003"/>
          <ticker value="BAMXF"/>
        </identifiers>
        <balance>80805</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>7297858.39</valUSD>
        <pctVal>0.1195532947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACCOR SA</name>
        <lei>969500QZC2Q0TK11NV07</lei>
        <title>ACCOR SA</title>
        <cusip>F00189120</cusip>
        <identifiers>
          <isin value="FR0000120404"/>
          <ticker value="ACRFF"/>
        </identifiers>
        <balance>55208</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2645143.38</valUSD>
        <pctVal>0.0433326586</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>LEONARDO S.P.A NPV</name>
        <lei>529900X4EEX1U9LN3U39</lei>
        <title>LEONARDO S.P.A NPV</title>
        <cusip>T6S996112</cusip>
        <identifiers>
          <isin value="IT0003856405"/>
          <ticker value="FINMF"/>
        </identifiers>
        <balance>119223</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>8007976.93</valUSD>
        <pctVal>0.1311864351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOKIA OYJ</name>
        <lei>549300A0JPRWG1KI7U06</lei>
        <title>NOKIA OYJ</title>
        <cusip>X61873133</cusip>
        <identifiers>
          <isin value="FI0009000681"/>
          <ticker value="NOKBF"/>
        </identifiers>
        <balance>1536991</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>12249721.04</valUSD>
        <pctVal>0.2006745584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INFINEON TECHS. AG</name>
        <lei>TSI2PJM6EPETEQ4X1U25</lei>
        <title>INFINEON TECHS. AG</title>
        <cusip>D35415104</cusip>
        <identifiers>
          <isin value="DE0006231004"/>
          <ticker value="IFNNF"/>
        </identifiers>
        <balance>378019</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>16609475.62</valUSD>
        <pctVal>0.2720959256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ERICSSON(L.M.)(TELEFONAKT</name>
        <lei>549300W9JLPW15XIFM52</lei>
        <title>ERICSSON(L.M.)(TELEFONAKT</title>
        <cusip>W26049119</cusip>
        <identifiers>
          <isin value="SE0000108656"/>
          <ticker value="ERIXF"/>
        </identifiers>
        <balance>811575</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>9192819.26</valUSD>
        <pctVal>0.1505964862</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>STMICROELECTRONICS NV</name>
        <lei>213800Z8NOHIKRI42W10</lei>
        <title>STMICROELECTRONICS NV</title>
        <cusip>N83574108</cusip>
        <identifiers>
          <isin value="NL0000226223"/>
          <ticker value="STMEF"/>
        </identifiers>
        <balance>195928</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6725969.2</valUSD>
        <pctVal>0.1101846234</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>KONINKLIJKE KPN NV</name>
        <lei>549300YO0JZHAL7FVP81</lei>
        <title>KONINKLIJKE KPN NV</title>
        <cusip>N4297B146</cusip>
        <identifiers>
          <isin value="NL0000009082"/>
          <ticker value="KKPNF"/>
        </identifiers>
        <balance>1094349</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6086685.75</valUSD>
        <pctVal>0.0997119013</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>KONINKLIJKE PHILIPS NV</name>
        <lei>H1FJE8H61JGM1JSGM897</lei>
        <title>KONINKLIJKE PHILIPS NV</title>
        <cusip>N7637U112</cusip>
        <identifiers>
          <isin value="NL0000009538"/>
          <ticker value="PHIA"/>
        </identifiers>
        <balance>220522</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6040032.28</valUSD>
        <pctVal>0.0989476255</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>GIVAUDAN SA</name>
        <lei>213800SVRMQA1TD91D41</lei>
        <title>GIVAUDAN SA</title>
        <cusip>H3238Q102</cusip>
        <identifiers>
          <isin value="CH0010645932"/>
          <ticker value="GVDBF"/>
        </identifiers>
        <balance>2655</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>8980032.88</valUSD>
        <pctVal>0.1471106262</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>TELIA CO AB</name>
        <lei>213800FSR9RNDUOTXO25</lei>
        <title>TELIA CO AB</title>
        <cusip>W95890104</cusip>
        <identifiers>
          <isin value="SE0000667925"/>
          <ticker value="TLSNF"/>
        </identifiers>
        <balance>690251</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>3529627.77</valUSD>
        <pctVal>0.0578222550</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>ZURICH INS. GRP. AG</name>
        <lei>529900QVNRBND50TXP03</lei>
        <title>ZURICH INS. GRP. AG</title>
        <cusip>H9870Y105</cusip>
        <identifiers>
          <isin value="CH0011075394"/>
          <ticker value="ZFSVF"/>
        </identifiers>
        <balance>42336</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>30185587.78</valUSD>
        <pctVal>0.4944993831</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>SWISS PRIME SITE AG</name>
        <lei>506700XI9H64OPR34158</lei>
        <title>SWISS PRIME SITE AG</title>
        <cusip>H8403W107</cusip>
        <identifiers>
          <isin value="CH0008038389"/>
          <ticker value="SWPRF"/>
        </identifiers>
        <balance>23761</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>4025723.47</valUSD>
        <pctVal>0.0659492797</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>ACS ACTIVIDADES DE CONSTR</name>
        <lei>95980020140005558665</lei>
        <title>ACS ACTIVIDADES DE CONSTR</title>
        <cusip>E7813W163</cusip>
        <identifiers>
          <isin value="ES0167050915"/>
          <ticker value="ACSAF"/>
        </identifiers>
        <balance>50884</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6296515.31</valUSD>
        <pctVal>0.1031493228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TERNA - RETE ELETTRICA NA</name>
        <lei>8156009E94ED54DE7C31</lei>
        <title>TERNA - RETE ELETTRICA NA</title>
        <cusip>T9471R100</cusip>
        <identifiers>
          <isin value="IT0003242622"/>
          <ticker value="TERRF"/>
        </identifiers>
        <balance>400364</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4584907.37</valUSD>
        <pctVal>0.0751098134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RECORDATI INDUSTRIA CHIMI</name>
        <lei>815600FBF92FD3531704</lei>
        <title>RECORDATI INDUSTRIA CHIMI</title>
        <cusip>T78458139</cusip>
        <identifiers>
          <isin value="IT0003828271"/>
          <ticker value="RCDTF"/>
        </identifiers>
        <balance>33828</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1924289.18</valUSD>
        <pctVal>0.0315236470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANGLO IRISH BANK EUR 0.16</name>
        <lei>63540035YHNEXOHCEB47</lei>
        <title>ANGLO IRISH BANK EUR 0.16</title>
        <cusip>G4955X107</cusip>
        <identifiers>
          <isin value="IE00B06H8J93"/>
          <ticker value="ANGIRI"/>
        </identifiers>
        <balance>99788</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>0</valUSD>
        <pctVal>0.0000000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RAIFFEISEN BANK INTL. AG</name>
        <lei>9ZHRYM6F437SQJ6OUG95</lei>
        <title>RAIFFEISEN BANK INTL. AG</title>
        <cusip>A7111G104</cusip>
        <identifiers>
          <isin value="AT0000606306"/>
          <ticker value="RAIFF"/>
        </identifiers>
        <balance>39274</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1679923.68</valUSD>
        <pctVal>0.0275204588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KONE OYJ</name>
        <lei>2138001CNF45JP5XZK38</lei>
        <title>KONE OYJ</title>
        <cusip>X4551T105</cusip>
        <identifiers>
          <isin value="FI0009013403"/>
          <ticker value="KNYJF"/>
        </identifiers>
        <balance>97626</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6224274.61</valUSD>
        <pctVal>0.1019658778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENGIE SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>ENGIE SA</title>
        <cusip>F7629A107</cusip>
        <identifiers>
          <isin value="FR0010208488"/>
          <ticker value="ENGI"/>
        </identifiers>
        <balance>529611</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>17074757.61</valUSD>
        <pctVal>0.2797181611</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>ALSTOM SA</name>
        <lei>96950032TUYMW11FB530</lei>
        <title>ALSTOM SA</title>
        <cusip>F0259M475</cusip>
        <identifiers>
          <isin value="FR0010220475"/>
          <ticker value="AOMFF"/>
        </identifiers>
        <balance>101763</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2899647.19</valUSD>
        <pctVal>0.0475019323</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>PARTNERS GRP. HLDG. AG</name>
        <lei>549300I3IVVWZWDHI788</lei>
        <title>PARTNERS GRP. HLDG. AG</title>
        <cusip>H6120A101</cusip>
        <identifiers>
          <isin value="CH0024608827"/>
          <ticker value="PGPHF"/>
        </identifiers>
        <balance>6498</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>6981216.78</valUSD>
        <pctVal>0.1143660815</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>SCHINDLER HLDG. AG</name>
        <lei>5299007DRLI319H7Q933</lei>
        <title>SCHINDLER HLDG. AG</title>
        <cusip>H7258G209</cusip>
        <identifiers>
          <isin value="CH0024638196"/>
          <ticker value="SHLAF"/>
        </identifiers>
        <balance>11810</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>3889281.03</valUSD>
        <pctVal>0.0637140838</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>BARRY CALLEBAUT AG</name>
        <lei>213800Y5RWKLDPUTT265</lei>
        <title>BARRY CALLEBAUT AG</title>
        <cusip>H05072105</cusip>
        <identifiers>
          <isin value="CH0009002962"/>
          <ticker value="BYCBF"/>
        </identifiers>
        <balance>1069</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>1874318.26</valUSD>
        <pctVal>0.0307050249</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>TRANSURBAN GROUP</name>
        <lei>549300ZR71SUQ4VUTM79</lei>
        <title>TRANSURBAN GROUP</title>
        <cusip>Q9194A106</cusip>
        <identifiers>
          <isin value="AU000000TCL6"/>
          <ticker value="TRAUF"/>
        </identifiers>
        <balance>894687</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>8695157.48</valUSD>
        <pctVal>0.1424438060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INFRATIL LTD</name>
        <lei>N/A</lei>
        <title>INFRATIL LTD</title>
        <cusip>Q4933Q124</cusip>
        <identifiers>
          <isin value="NZIFTE0003S3"/>
          <ticker value="IFUUF"/>
        </identifiers>
        <balance>279298</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.7401896"/>
        <valUSD>1880481.59</valUSD>
        <pctVal>0.0308059923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON BLDG. INC</name>
        <lei>52990053R8NL2MB32172</lei>
        <title>NIPPON BLDG. INC</title>
        <cusip>J52088101</cusip>
        <identifiers>
          <isin value="JP3027670003"/>
          <ticker value="8951"/>
        </identifiers>
        <balance>2287</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1919625.79</valUSD>
        <pctVal>0.0314472514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOMURA RESEARCH INSTITUTE</name>
        <lei>5299005F1HCVF4M4QN79</lei>
        <title>NOMURA RESEARCH INSTITUTE</title>
        <cusip>J5900F106</cusip>
        <identifiers>
          <isin value="JP3762800005"/>
          <ticker value="NURAF"/>
        </identifiers>
        <balance>110922</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3073376.75</valUSD>
        <pctVal>0.0503479647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RESONA HLDGS. INC</name>
        <lei>52990067JE75XZCYYT81</lei>
        <title>RESONA HLDGS. INC</title>
        <cusip>J6448E106</cusip>
        <identifiers>
          <isin value="JP3500610005"/>
          <ticker value="RSNHF"/>
        </identifiers>
        <balance>600410</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>6680742.18</valUSD>
        <pctVal>0.1094437157</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISRAEL DISCOUNT BANK LTD</name>
        <lei>549300XWZ7BG5G23OF51</lei>
        <title>ISRAEL DISCOUNT BANK LTD</title>
        <cusip>465074201</cusip>
        <identifiers>
          <isin value="IL0006912120"/>
          <ticker value="ISDAF"/>
        </identifiers>
        <balance>357052</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.1443"/>
        <valUSD>3579929.92</valUSD>
        <pctVal>0.0586463033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOKIO MARINE HLDGS. INC</name>
        <lei>5299009QN2NZ191KLS29</lei>
        <title>TOKIO MARINE HLDGS. INC</title>
        <cusip>J86298106</cusip>
        <identifiers>
          <isin value="JP3910660004"/>
          <ticker value="8766"/>
        </identifiers>
        <balance>532500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>24866578.48</valUSD>
        <pctVal>0.4073635341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PHOENIX FINANCIAL LTD</name>
        <lei>254900IUA68QTCFYHE30</lei>
        <title>PHOENIX FINANCIAL LTD</title>
        <cusip>M7918D145</cusip>
        <identifiers>
          <isin value="IL0007670123"/>
          <ticker value="IPHXF"/>
        </identifiers>
        <balance>67299</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.1443"/>
        <valUSD>3574880.24</valUSD>
        <pctVal>0.0585635796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BHP GRP. LTD</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP GRP. LTD</title>
        <cusip>Q1498M100</cusip>
        <identifiers>
          <isin value="AU000000BHP4"/>
          <ticker value="BHPLF"/>
        </identifiers>
        <balance>1470956</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>53746111.25</valUSD>
        <pctVal>0.8804671637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINGTEL</name>
        <lei>2549003XJKIQO8YDYD89</lei>
        <title>SINGTEL</title>
        <cusip>Y79985209</cusip>
        <identifiers>
          <isin value="SG1T75931496"/>
          <ticker value="Z74"/>
        </identifiers>
        <balance>2147025</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>8311458.11</valUSD>
        <pctVal>0.1361580546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CANON INC</name>
        <lei>529900JH1GSC035SSP77</lei>
        <title>CANON INC</title>
        <cusip>J05124144</cusip>
        <identifiers>
          <isin value="JP3242800005"/>
          <ticker value="CAJFF"/>
        </identifiers>
        <balance>251400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>7001390.62</valUSD>
        <pctVal>0.1146965687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRAMBLES LTD</name>
        <lei>N/A</lei>
        <title>BRAMBLES LTD</title>
        <cusip>Q6634U106</cusip>
        <identifiers>
          <isin value="AU000000BXB1"/>
          <ticker value="BMBLF"/>
        </identifiers>
        <balance>388460</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>6070047.94</valUSD>
        <pctVal>0.0994393412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAPCOM CO LTD</name>
        <lei>529900JJWQKXS3TC8744</lei>
        <title>CAPCOM CO LTD</title>
        <cusip>J05187109</cusip>
        <identifiers>
          <isin value="JP3218900003"/>
          <ticker value="CCOEF"/>
        </identifiers>
        <balance>96600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2048384.52</valUSD>
        <pctVal>0.0335565731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REA GRP. LTD</name>
        <lei>894500KA4UBDATOFPN36</lei>
        <title>REA GRP. LTD</title>
        <cusip>Q8051B108</cusip>
        <identifiers>
          <isin value="AU000000REA9"/>
          <ticker value="RPGRF"/>
        </identifiers>
        <balance>15575</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>1725009.84</valUSD>
        <pctVal>0.0282590589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="23461.920000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IDEMITSU KOSAN CO LTD</name>
        <lei>549300P0R46FF6DUA630</lei>
        <title>IDEMITSU KOSAN CO LTD</title>
        <cusip>J2388K103</cusip>
        <identifiers>
          <isin value="JP3142500002"/>
          <ticker value="IDKOF"/>
        </identifiers>
        <balance>229840</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2234427.07</valUSD>
        <pctVal>0.0366043165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAIFUKU CO LTD</name>
        <lei>3538006FG1W4X3MYHL36</lei>
        <title>DAIFUKU CO LTD</title>
        <cusip>J08988107</cusip>
        <identifiers>
          <isin value="JP3497400006"/>
          <ticker value="DAIUF"/>
        </identifiers>
        <balance>91400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3193261.45</valUSD>
        <pctVal>0.0523119122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCREEN HLDGS. CO LTD</name>
        <lei>353800ND89FTQ9XQ0R07</lei>
        <title>SCREEN HLDGS. CO LTD</title>
        <cusip>J6988U114</cusip>
        <identifiers>
          <isin value="JP3494600004"/>
          <ticker value="DINRF"/>
        </identifiers>
        <balance>46600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2745648.87</valUSD>
        <pctVal>0.0449791365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KEYENCE CORP</name>
        <lei>529900M7PQBS7A89DZ11</lei>
        <title>KEYENCE CORP</title>
        <cusip>J32491102</cusip>
        <identifiers>
          <isin value="JP3236200006"/>
          <ticker value="KYCCF"/>
        </identifiers>
        <balance>56256</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>19923357.95</valUSD>
        <pctVal>0.3263838454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KEPPEL LTD</name>
        <lei>254900SQ7IPDOY6IDW33</lei>
        <title>KEPPEL LTD</title>
        <cusip>Y4722Z120</cusip>
        <identifiers>
          <isin value="SG1U68934629"/>
          <ticker value="KPELF"/>
        </identifiers>
        <balance>428650</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>3978154.56</valUSD>
        <pctVal>0.0651700073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LASERTEC CORP</name>
        <lei>N/A</lei>
        <title>LASERTEC CORP</title>
        <cusip>J38702106</cusip>
        <identifiers>
          <isin value="JP3979200007"/>
          <ticker value="6920"/>
        </identifiers>
        <balance>23200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>5115351.75</valUSD>
        <pctVal>0.0837995372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YANGZIJIANG SHIPBUILDING</name>
        <lei>254900Z3JEM14YIGLM66</lei>
        <title>YANGZIJIANG SHIPBUILDING</title>
        <cusip>Y9728A102</cusip>
        <identifiers>
          <isin value="SG1U76934819"/>
          <ticker value="YSHLF"/>
        </identifiers>
        <balance>774600</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>2301707.83</valUSD>
        <pctVal>0.0377065078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARUBENI CORP</name>
        <lei>4P4N3ORD02UGQT1T1W12</lei>
        <title>MARUBENI CORP</title>
        <cusip>J39788138</cusip>
        <identifiers>
          <isin value="JP3877600001"/>
          <ticker value="MARUF"/>
        </identifiers>
        <balance>408800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>15032059.44</valUSD>
        <pctVal>0.2462547416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PANASONIC HLDGS. CORP</name>
        <lei>254900GE1G59KGWPHX32</lei>
        <title>PANASONIC HLDGS. CORP</title>
        <cusip>J6354Y104</cusip>
        <identifiers>
          <isin value="JP3866800000"/>
          <ticker value="PCRFF"/>
        </identifiers>
        <balance>673200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>11177938.51</valUSD>
        <pctVal>0.1831166495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIVARDEN AB</name>
        <lei>549300TM1DLIQI3B3T37</lei>
        <title>INDUSTRIVARDEN AB</title>
        <cusip>W45430126</cusip>
        <identifiers>
          <isin value="SE0000107203"/>
          <ticker value="INDU C"/>
        </identifiers>
        <balance>46131</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>2297517.5</valUSD>
        <pctVal>0.0376378620</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>GEBERIT AG</name>
        <lei>52990093Z5OHD6T7BS47</lei>
        <title>GEBERIT AG</title>
        <cusip>H2942E124</cusip>
        <identifiers>
          <isin value="CH0030170408"/>
          <ticker value="GBERF"/>
        </identifiers>
        <balance>9994</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>6762764.12</valUSD>
        <pctVal>0.1107873966</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>VOLVO AB</name>
        <lei>549300HGV012CNC8JD22</lei>
        <title>VOLVO AB</title>
        <cusip>928856301</cusip>
        <identifiers>
          <isin value="SE0000115446"/>
          <ticker value="VOLVF"/>
        </identifiers>
        <balance>458738</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>14966270.25</valUSD>
        <pctVal>0.2451769851</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>MITSUI OSK LINES LTD</name>
        <lei>353800P8O843TMAZ6S09</lei>
        <title>MITSUI OSK LINES LTD</title>
        <cusip>J45013133</cusip>
        <identifiers>
          <isin value="JP3362700001"/>
          <ticker value="MSLOF"/>
        </identifiers>
        <balance>99700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4126485.51</valUSD>
        <pctVal>0.0675999604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4070941.150000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL AUSTRALIA BANK L</name>
        <lei>F8SB4JFBSYQFRQEH3Z21</lei>
        <title>NATIONAL AUSTRALIA BANK L</title>
        <cusip>Q65336119</cusip>
        <identifiers>
          <isin value="AU000000NAB4"/>
          <ticker value="NAUBF"/>
        </identifiers>
        <balance>888133</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>25686015.69</valUSD>
        <pctVal>0.4207875297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON PAINT HLDGS. CO LT</name>
        <lei>529900RYRJUN78A7PL87</lei>
        <title>NIPPON PAINT HLDGS. CO LT</title>
        <cusip>J55053128</cusip>
        <identifiers>
          <isin value="JP3749400002"/>
          <ticker value="NPCPF"/>
        </identifiers>
        <balance>278800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1740176.01</valUSD>
        <pctVal>0.0285075106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIDEC CORP</name>
        <lei>353800IF171MZTNL6Y31</lei>
        <title>NIDEC CORP</title>
        <cusip>J52968104</cusip>
        <identifiers>
          <isin value="JP3734800000"/>
          <ticker value="NNDNF"/>
        </identifiers>
        <balance>246200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3098528</valUSD>
        <pctVal>0.0507599917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANDVIK AB</name>
        <lei>5299008ZUAXN43LVZF54</lei>
        <title>SANDVIK AB</title>
        <cusip>W74857165</cusip>
        <identifiers>
          <isin value="SE0000667891"/>
          <ticker value="SDVKF"/>
        </identifiers>
        <balance>306905</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>11728459.35</valUSD>
        <pctVal>0.1921352652</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>NICE LTD</name>
        <lei>254900YTY4EF5Z4W0A51</lei>
        <title>NICE LTD</title>
        <cusip>M7494X101</cusip>
        <identifiers>
          <isin value="IL0002730112"/>
          <ticker value="NCSYF"/>
        </identifiers>
        <balance>18413</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.1443"/>
        <valUSD>2030204.92</valUSD>
        <pctVal>0.0332587554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMITH &amp; NEPHEW PLC ORD US</name>
        <lei>213800ZTMDN8S67S1H61</lei>
        <title>SMITH &amp; NEPHEW PLC ORD US</title>
        <cusip>G82343164</cusip>
        <identifiers>
          <isin value="GB0009223206"/>
          <ticker value="SNNUF"/>
        </identifiers>
        <balance>237975</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>3759189.07</valUSD>
        <pctVal>0.0615829213</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>ANTOFAGASTA PLC ORD GBP0.</name>
        <lei>213800MY6QVH4FVLD628</lei>
        <title>ANTOFAGASTA PLC ORD GBP0.</title>
        <cusip>G0398N128</cusip>
        <identifiers>
          <isin value="GB0000456144"/>
          <ticker value="ANFGF"/>
        </identifiers>
        <balance>116276</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>5172746.9</valUSD>
        <pctVal>0.0847397828</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>BUNZL PLC</name>
        <lei>213800Q1Q9DV4L78UM09</lei>
        <title>BUNZL PLC</title>
        <cusip>G16968110</cusip>
        <identifiers>
          <isin value="GB00B0744B38"/>
          <ticker value="BZLFF"/>
        </identifiers>
        <balance>95478</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>2860498.35</valUSD>
        <pctVal>0.0468605972</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>3I GRP. PLC</name>
        <lei>35GDVHRBMFE7NWATNM84</lei>
        <title>3I GRP. PLC</title>
        <cusip>G88473148</cusip>
        <identifiers>
          <isin value="GB00B1YW4409"/>
          <ticker value="TGOPF"/>
        </identifiers>
        <balance>286909</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>9401146.22</valUSD>
        <pctVal>0.1540092921</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>OBAYASHI CORP</name>
        <lei>529900YT4O5S0LCXWD54</lei>
        <title>OBAYASHI CORP</title>
        <cusip>J59826107</cusip>
        <identifiers>
          <isin value="JP3190000004"/>
          <ticker value="OBYCF"/>
        </identifiers>
        <balance>187100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4505749.89</valUSD>
        <pctVal>0.0738130580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OLYMPUS CORP</name>
        <lei>5299000Y52IFDI1I2A21</lei>
        <title>OLYMPUS CORP</title>
        <cusip>J61240107</cusip>
        <identifiers>
          <isin value="JP3201200007"/>
          <ticker value="OCPNF"/>
        </identifiers>
        <balance>329000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3132210.75</valUSD>
        <pctVal>0.0513117815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OSAKA GAS CO LTD</name>
        <lei>353800024KMNOPQRWZ02</lei>
        <title>OSAKA GAS CO LTD</title>
        <cusip>J62320130</cusip>
        <identifiers>
          <isin value="JP3180400008"/>
          <ticker value="OSGSF"/>
        </identifiers>
        <balance>105400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4274168.92</valUSD>
        <pctVal>0.0700193056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JERONIMO MARTINS SGPS SA</name>
        <lei>259400A8SZP10GB5IB19</lei>
        <title>JERONIMO MARTINS SGPS SA</title>
        <cusip>X40338109</cusip>
        <identifiers>
          <isin value="PTJMT0AE0001"/>
          <ticker value="JRONF"/>
        </identifiers>
        <balance>81740</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1960860.27</valUSD>
        <pctVal>0.0321227534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QANTAS AIRWAYS LTD</name>
        <lei>YLXNW6TI6QSK1H8H0N82</lei>
        <title>QANTAS AIRWAYS LTD</title>
        <cusip>Q77974550</cusip>
        <identifiers>
          <isin value="AU000000QAN2"/>
          <ticker value="QUBSF"/>
        </identifiers>
        <balance>219933</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>1291693.82</valUSD>
        <pctVal>0.0211604890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QBE INS. GRP. LTD</name>
        <lei>549300D2FBW76FPUSG65</lei>
        <title>QBE INS. GRP. LTD</title>
        <cusip>Q78063114</cusip>
        <identifiers>
          <isin value="AU000000QBE9"/>
          <ticker value="QBEIF"/>
        </identifiers>
        <balance>431609</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>6341638.72</valUSD>
        <pctVal>0.1038885331</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMC CORP</name>
        <lei>353800O40V08DOZ70X62</lei>
        <title>SMC CORP</title>
        <cusip>J75734103</cusip>
        <identifiers>
          <isin value="JP3162600005"/>
          <ticker value="SMECF"/>
        </identifiers>
        <balance>16600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>6492921.55</valUSD>
        <pctVal>0.1063668438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOFTBANK GRP. CORP</name>
        <lei>5493003BZYYYCDIO0R13</lei>
        <title>SOFTBANK GRP. CORP</title>
        <cusip>J7596P109</cusip>
        <identifiers>
          <isin value="JP3436100006"/>
          <ticker value="SFTBF"/>
        </identifiers>
        <balance>1076600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>25875148.75</valUSD>
        <pctVal>0.4238859017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IHI CORP</name>
        <lei>549300ETQIESIUQ2OE26</lei>
        <title>IHI CORP</title>
        <cusip>J2398N113</cusip>
        <identifiers>
          <isin value="JP3134800006"/>
          <ticker value="IHICF"/>
        </identifiers>
        <balance>297700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>6084345.02</valUSD>
        <pctVal>0.0996735555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KIRIN HLDGS. CO LTD</name>
        <lei>353800GBVL72LLMTYM96</lei>
        <title>KIRIN HLDGS. CO LTD</title>
        <cusip>497350108</cusip>
        <identifiers>
          <isin value="JP3258000003"/>
          <ticker value="KNBWF"/>
        </identifiers>
        <balance>223100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3549621.69</valUSD>
        <pctVal>0.0581497948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANRIO CO LTD</name>
        <lei>3538002Q5JQLOMSPH125</lei>
        <title>SANRIO CO LTD</title>
        <cusip>J68209105</cusip>
        <identifiers>
          <isin value="JP3343200006"/>
          <ticker value="SNROF"/>
        </identifiers>
        <balance>264500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1632164</valUSD>
        <pctVal>0.0267380611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SANTOS LTD</name>
        <lei>5299000RK70B5O2M7077</lei>
        <title>SANTOS LTD</title>
        <cusip>Q82869118</cusip>
        <identifiers>
          <isin value="AU000000STO6"/>
          <ticker value="STOSF"/>
        </identifiers>
        <balance>957312</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>5257423.04</valUSD>
        <pctVal>0.0861269447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GOODMAN GROUP</name>
        <lei>N/A</lei>
        <title>GOODMAN GROUP</title>
        <cusip>Q4229W132</cusip>
        <identifiers>
          <isin value="AU000000GMG2"/>
          <ticker value="GMGSF"/>
        </identifiers>
        <balance>588401</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>10474680.87</valUSD>
        <pctVal>0.1715959042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEKISUI CHEM. CO LTD</name>
        <lei>529900KQIVT7NWFNMI70</lei>
        <title>SEKISUI CHEM. CO LTD</title>
        <cusip>J70703137</cusip>
        <identifiers>
          <isin value="JP3419400001"/>
          <ticker value="SKSUF"/>
        </identifiers>
        <balance>108500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1808918.28</valUSD>
        <pctVal>0.0296336444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHIMADZU CORP</name>
        <lei>353800Y64Z08WEH8PH97</lei>
        <title>SHIMADZU CORP</title>
        <cusip>J72165129</cusip>
        <identifiers>
          <isin value="JP3357200009"/>
          <ticker value="SHMZF"/>
        </identifiers>
        <balance>70300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1667725.93</valUSD>
        <pctVal>0.0273206356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHIMIZU CORP</name>
        <lei>353800BRAE0QFP3ZLY22</lei>
        <title>SHIMIZU CORP</title>
        <cusip>J72445117</cusip>
        <identifiers>
          <isin value="JP3358800005"/>
          <ticker value="SHMUF"/>
        </identifiers>
        <balance>147200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2653570.17</valUSD>
        <pctVal>0.0434707060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHIN-ETSU CHEM. CO LTD</name>
        <lei>353800PX8Q64N86H5W41</lei>
        <title>SHIN-ETSU CHEM. CO LTD</title>
        <cusip>J72810120</cusip>
        <identifiers>
          <isin value="JP3371200001"/>
          <ticker value="SHECF"/>
        </identifiers>
        <balance>489200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>19904365.03</valUSD>
        <pctVal>0.3260727040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHIONOGI LTD</name>
        <lei>35380049VXDTHZI3DY35</lei>
        <title>SHIONOGI LTD</title>
        <cusip>J74229105</cusip>
        <identifiers>
          <isin value="JP3347200002"/>
          <ticker value="SGIOF"/>
        </identifiers>
        <balance>222000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4939290</valUSD>
        <pctVal>0.0809152989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHISEIDO CO LTD</name>
        <lei>5299008QCD0YDT5OF506</lei>
        <title>SHISEIDO CO LTD</title>
        <cusip>J74358144</cusip>
        <identifiers>
          <isin value="JP3351600006"/>
          <ticker value="SSDOF"/>
        </identifiers>
        <balance>115600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2370917.49</valUSD>
        <pctVal>0.0388402984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINO LAND CO LTD</name>
        <lei>529900G5P51053HJVZ92</lei>
        <title>SINO LAND CO LTD</title>
        <cusip>Y80267126</cusip>
        <identifiers>
          <isin value="HK0083000502"/>
          <ticker value="SNLAF"/>
        </identifiers>
        <balance>1043502</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>1554957.15</valUSD>
        <pctVal>0.0254732609</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TDK CORP</name>
        <lei>3538005O8WNU39U8NX03</lei>
        <title>TDK CORP</title>
        <cusip>J82141136</cusip>
        <identifiers>
          <isin value="JP3538800008"/>
          <ticker value="TTDKF"/>
        </identifiers>
        <balance>561800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>7284020.13</valUSD>
        <pctVal>0.1193265968</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAISEI CORP</name>
        <lei>529900TF7XJKIOWMLQ79</lei>
        <title>TAISEI CORP</title>
        <cusip>J79561148</cusip>
        <identifiers>
          <isin value="JP3443600006"/>
          <ticker value="TISCF"/>
        </identifiers>
        <balance>43100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4501089.23</valUSD>
        <pctVal>0.0737367072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TERUMO CORP</name>
        <lei>353800JX1R4582QVK932</lei>
        <title>TERUMO CORP</title>
        <cusip>J83173104</cusip>
        <identifiers>
          <isin value="JP3546800008"/>
          <ticker value="TRUMF"/>
        </identifiers>
        <balance>379800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>5085401.15</valUSD>
        <pctVal>0.0833088873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOKYO ELECTRON LTD</name>
        <lei>549300H5LSF8DP3RIJ34</lei>
        <title>TOKYO ELECTRON LTD</title>
        <cusip>J86957115</cusip>
        <identifiers>
          <isin value="JP3571400005"/>
          <ticker value="TOELF"/>
        </identifiers>
        <balance>129900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>31767318.65</valUSD>
        <pctVal>0.5204112502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOYOTA MOTOR CORP</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>TOYOTA MOTOR CORP</title>
        <cusip>J92676113</cusip>
        <identifiers>
          <isin value="JP3633400001"/>
          <ticker value="TOYOF"/>
        </identifiers>
        <balance>2747520</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>56954153.62</valUSD>
        <pctVal>0.9330212165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASTELLAS PHARMA INC</name>
        <lei>529900IB708DY2HBBB35</lei>
        <title>ASTELLAS PHARMA INC</title>
        <cusip>J03393105</cusip>
        <identifiers>
          <isin value="JP3942400007"/>
          <ticker value="ALPMF"/>
        </identifiers>
        <balance>521200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>8509625.35</valUSD>
        <pctVal>0.1394044243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>E.ON SE</name>
        <lei>Q9MAIUP40P25UFBFG033</lei>
        <title>E.ON SE</title>
        <cusip>D24914133</cusip>
        <identifiers>
          <isin value="DE000ENAG999"/>
          <ticker value="ENAKF"/>
        </identifiers>
        <balance>648290</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>14169530.2</valUSD>
        <pctVal>0.2321248138</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JD SPORTS FASHION PLC</name>
        <lei>213800HROV6Y9MUU8375</lei>
        <title>JD SPORTS FASHION PLC</title>
        <cusip>G5144Y120</cusip>
        <identifiers>
          <isin value="GB00BM8Q5M07"/>
          <ticker value="JDDSF"/>
        </identifiers>
        <balance>779073</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>731505.56</valUSD>
        <pctVal>0.0119835019</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>GRAB HLDGS. LTD</name>
        <lei>549300N4VQX83VPJF439</lei>
        <title>GRAB HLDGS. LTD</title>
        <cusip>G4124C109</cusip>
        <identifiers>
          <isin value="KYG4124C1096"/>
          <ticker value="GRAB"/>
        </identifiers>
        <balance>703748</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2575717.68</valUSD>
        <pctVal>0.0421953289</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>DAIMLER TRUCK HLDG. AG</name>
        <lei>529900PW78JIYOUBSR24</lei>
        <title>DAIMLER TRUCK HLDG. AG</title>
        <cusip>D1T3RZ100</cusip>
        <identifiers>
          <isin value="DE000DTR0CK8"/>
          <ticker value="DTGHF"/>
        </identifiers>
        <balance>135756</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6471670.48</valUSD>
        <pctVal>0.1060187094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIGMA HEALTHCARE LTD</name>
        <lei>529900BZSP3BK7GYAO50</lei>
        <title>SIGMA HEALTHCARE LTD</title>
        <cusip>Q8T84B108</cusip>
        <identifiers>
          <isin value="AU000000SIG5"/>
          <ticker value="SIGGF"/>
        </identifiers>
        <balance>1512322</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>2780692.21</valUSD>
        <pctVal>0.0455532154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARCELORMITTAL SA</name>
        <lei>2EULGUTUI56JI9SAL165</lei>
        <title>ARCELORMITTAL SA</title>
        <cusip>L0302D210</cusip>
        <identifiers>
          <isin value="LU1598757687"/>
          <ticker value="AMSYF"/>
        </identifiers>
        <balance>122698</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6392753.86</valUSD>
        <pctVal>0.1047258998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FERROVIAL SE</name>
        <lei>72450022R2ZFL41Y6I04</lei>
        <title>FERROVIAL SE</title>
        <cusip>N3168P101</cusip>
        <identifiers>
          <isin value="NL0015001FS8"/>
          <ticker value="FER"/>
        </identifiers>
        <balance>147607</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>9597169.53</valUSD>
        <pctVal>0.1572205400</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>SOUTH32 LTD</name>
        <lei>213800LAZNPXSBKVHR17</lei>
        <title>SOUTH32 LTD</title>
        <cusip>Q86668102</cusip>
        <identifiers>
          <isin value="AU000000S320"/>
          <ticker value="SHTLF"/>
        </identifiers>
        <balance>1270517</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>3819082.11</valUSD>
        <pctVal>0.0625640872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPASS GRP. PLC</name>
        <lei>2138008M6MH9OZ6U2T68</lei>
        <title>COMPASS GRP. PLC</title>
        <cusip>G23296208</cusip>
        <identifiers>
          <isin value="GB00BD6K4575"/>
          <ticker value="CMPGF"/>
        </identifiers>
        <balance>490247</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>13620889.68</valUSD>
        <pctVal>0.2231370014</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>CK INFRA. HLDGS. LTD</name>
        <lei>5299005U11RQ1C27MR12</lei>
        <title>CK INFRA. HLDGS. LTD</title>
        <cusip>G2178K100</cusip>
        <identifiers>
          <isin value="BMG2178K1009"/>
          <ticker value="CKISF"/>
        </identifiers>
        <balance>191853</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>1531254.57</valUSD>
        <pctVal>0.0250849659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SGS SA</name>
        <lei>2138007JNS19JHNA2336</lei>
        <title>SGS SA</title>
        <cusip>H63838116</cusip>
        <identifiers>
          <isin value="CH1256740924"/>
          <ticker value="SGSOF"/>
        </identifiers>
        <balance>49196</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>5206992.47</valUSD>
        <pctVal>0.0853007927</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="5148881.210000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GALDERMA GRP. AG</name>
        <lei>89450001OK6O8ELQ4584</lei>
        <title>GALDERMA GRP. AG</title>
        <cusip>H3301B107</cusip>
        <identifiers>
          <isin value="CH1335392721"/>
          <ticker value="GDERF"/>
        </identifiers>
        <balance>53263</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>10325581.43</valUSD>
        <pctVal>0.1691533617</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>ASSA ABLOY AB</name>
        <lei>549300YECS8HKCIMMB67</lei>
        <title>ASSA ABLOY AB</title>
        <cusip>W0817X204</cusip>
        <identifiers>
          <isin value="SE0007100581"/>
          <ticker value="ASAZF"/>
        </identifiers>
        <balance>288257</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>10337007.3</valUSD>
        <pctVal>0.1693405399</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>ESSITY AB</name>
        <lei>549300G8E6YUVJ1DA153</lei>
        <title>ESSITY AB</title>
        <cusip>W3R06F100</cusip>
        <identifiers>
          <isin value="SE0009922164"/>
          <ticker value="ETTYF"/>
        </identifiers>
        <balance>171696</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>4426008.18</valUSD>
        <pctVal>0.0725067317</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>CK ASSET HLDGS. LTD</name>
        <lei>5299006GJZSGP78B8S35</lei>
        <title>CK ASSET HLDGS. LTD</title>
        <cusip>G2177B101</cusip>
        <identifiers>
          <isin value="KYG2177B1014"/>
          <ticker value="CHKGF"/>
        </identifiers>
        <balance>551138</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>3148192.65</valUSD>
        <pctVal>0.0515735965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPOTIFY TECH. SA</name>
        <lei>549300B4X0JHWV0DTD60</lei>
        <title>SPOTIFY TECH. SA</title>
        <cusip>L8681T102</cusip>
        <identifiers>
          <isin value="LU1778762911"/>
          <ticker value="SPOT"/>
        </identifiers>
        <balance>45250</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21942177.5</valUSD>
        <pctVal>0.3594560860</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>BE SEMICON. INDS. NV</name>
        <lei>7245007A1YFLI2GNYX06</lei>
        <title>BE SEMICON. INDS. NV</title>
        <cusip>N13107144</cusip>
        <identifiers>
          <isin value="NL0012866412"/>
          <ticker value="BESVF"/>
        </identifiers>
        <balance>21674</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4572952.83</valUSD>
        <pctVal>0.0749139745</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>WISETECH GBL. LTD</name>
        <lei>254900VE3AF301Q85K83</lei>
        <title>WISETECH GBL. LTD</title>
        <cusip>Q98056106</cusip>
        <identifiers>
          <isin value="AU000000WTC3"/>
          <ticker value="WTCHF"/>
        </identifiers>
        <balance>57262</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>1562906.26</valUSD>
        <pctVal>0.0256034829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITALGAS SPA</name>
        <lei>815600F25FF44EF1FA76</lei>
        <title>ITALGAS SPA</title>
        <cusip>T6R89Z103</cusip>
        <identifiers>
          <isin value="IT0005211237"/>
          <ticker value="ITGGF"/>
        </identifiers>
        <balance>179458</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2090260.3</valUSD>
        <pctVal>0.0342425808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INVESTMENT AB LATOUR</name>
        <lei>5493006GFBLNB3Y0Y789</lei>
        <title>INVESTMENT AB LATOUR</title>
        <cusip>W5R10B108</cusip>
        <identifiers>
          <isin value="SE0010100958"/>
          <ticker value="IVTBF"/>
        </identifiers>
        <balance>43691</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>938603.48</valUSD>
        <pctVal>0.0153761737</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>SIEMENS HEALTHINEERS AG</name>
        <lei>529900QBVWXMWANH7H45</lei>
        <title>SIEMENS HEALTHINEERS AG</title>
        <cusip>D6T479107</cusip>
        <identifiers>
          <isin value="DE000SHL1006"/>
          <ticker value="SEMHF"/>
        </identifiers>
        <balance>96719</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4057396.02</valUSD>
        <pctVal>0.0664681385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENARIS SA</name>
        <lei>549300Y7C05BKC4HZB40</lei>
        <title>TENARIS SA</title>
        <cusip>L90272136</cusip>
        <identifiers>
          <isin value="LU2598331598"/>
          <ticker value="TNRSF"/>
        </identifiers>
        <balance>110867</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3238372.8</valUSD>
        <pctVal>0.0530509249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVC CAP. PARTNERS PLC</name>
        <lei>213800E8UQS1KA32YD39</lei>
        <title>CVC CAP. PARTNERS PLC</title>
        <cusip>G2716N103</cusip>
        <identifiers>
          <isin value="JE00BRX98089"/>
          <ticker value="CVCCF"/>
        </identifiers>
        <balance>60648</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>795109.54</valUSD>
        <pctVal>0.0130254604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XERO LTD</name>
        <lei>254900UG5D8YST164N14</lei>
        <title>XERO LTD</title>
        <cusip>Q98665104</cusip>
        <identifiers>
          <isin value="NZXROE0001S2"/>
          <ticker value="XROLF"/>
        </identifiers>
        <balance>49652</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>2655911.85</valUSD>
        <pctVal>0.0435090673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANHEUSER-BUSCH INBEV SA/N</name>
        <lei>5493008H3828EMEXB082</lei>
        <title>ANHEUSER-BUSCH INBEV SA/N</title>
        <cusip>B639CJ108</cusip>
        <identifiers>
          <isin value="BE0974293251"/>
          <ticker value="BUDFF"/>
        </identifiers>
        <balance>286876</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>19906395.65</valUSD>
        <pctVal>0.3261059695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO BPM SPA</name>
        <lei>815600E4E6DCD2D25E30</lei>
        <title>BANCO BPM SPA</title>
        <cusip>T1708N101</cusip>
        <identifiers>
          <isin value="IT0005218380"/>
          <ticker value="BNCZF"/>
        </identifiers>
        <balance>323308</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>4517089.09</valUSD>
        <pctVal>0.0739988164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNICREDIT SPA</name>
        <lei>549300TRUWO2CD2G5692</lei>
        <title>UNICREDIT SPA</title>
        <cusip>T9T23L642</cusip>
        <identifiers>
          <isin value="IT0005239360"/>
          <ticker value="UNCFF"/>
        </identifiers>
        <balance>406227</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>29271679.92</valUSD>
        <pctVal>0.4795277723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DELIVERY HERO SE</name>
        <lei>529900C3EX1FZGE48X78</lei>
        <title>DELIVERY HERO SE</title>
        <cusip>D1T0KZ103</cusip>
        <identifiers>
          <isin value="DE000A2E4K43"/>
          <ticker value="DLVHF"/>
        </identifiers>
        <balance>57370</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1023801.94</valUSD>
        <pctVal>0.0167718923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOLMEN AB</name>
        <lei>52990080SH3454F0QE68</lei>
        <title>HOLMEN AB</title>
        <cusip>W4R00P201</cusip>
        <identifiers>
          <isin value="SE0011090018"/>
          <ticker value="HLMMF"/>
        </identifiers>
        <balance>21263</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>761112.46</valUSD>
        <pctVal>0.0124685212</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>MITSUBISHI ESTATE CO LTD</name>
        <lei>353800KOFMRGOXSJ5Z65</lei>
        <title>MITSUBISHI ESTATE CO LTD</title>
        <cusip>J43916113</cusip>
        <identifiers>
          <isin value="JP3899600005"/>
          <ticker value="MITEF"/>
        </identifiers>
        <balance>307000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>8495099.83</valUSD>
        <pctVal>0.1391664677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITSUBISHI ELEC. CORP</name>
        <lei>549300TRXM9Y6561AX39</lei>
        <title>MITSUBISHI ELEC. CORP</title>
        <cusip>J43873116</cusip>
        <identifiers>
          <isin value="JP3902400005"/>
          <ticker value="MIELF"/>
        </identifiers>
        <balance>551100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>17997539.79</valUSD>
        <pctVal>0.2948351508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SVENSKA CELLULOSA AB SCA</name>
        <lei>549300FW5JDRV1IJ0M67</lei>
        <title>SVENSKA CELLULOSA AB SCA</title>
        <cusip>W90152120</cusip>
        <identifiers>
          <isin value="SE0000112724"/>
          <ticker value="SVCBF"/>
        </identifiers>
        <balance>184533</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>2135906.47</valUSD>
        <pctVal>0.0349903550</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>BANCO DE SABADELL SA</name>
        <lei>SI5RG2M0WQQLZCXKRM20</lei>
        <title>BANCO DE SABADELL SA</title>
        <cusip>E15819191</cusip>
        <identifiers>
          <isin value="ES0113860A34"/>
          <ticker value="BNDSF"/>
        </identifiers>
        <balance>1467314</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>5275443.79</valUSD>
        <pctVal>0.0864221601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON SANSO HLDGS. CORP</name>
        <lei>353800F1K6653B4VPY57</lei>
        <title>NIPPON SANSO HLDGS. CORP</title>
        <cusip>J5545N100</cusip>
        <identifiers>
          <isin value="JP3711600001"/>
          <ticker value="4091"/>
        </identifiers>
        <balance>49500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1767305.74</valUSD>
        <pctVal>0.0289519490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NTT INC</name>
        <lei>353800VHQU5VIXVUA841</lei>
        <title>NTT INC</title>
        <cusip>J59396101</cusip>
        <identifiers>
          <isin value="JP3735400008"/>
          <ticker value="NPPXF"/>
        </identifiers>
        <balance>8631300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>8569403.77</valUSD>
        <pctVal>0.1403837125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NOMURA HLDGS. INC</name>
        <lei>549300B3CEAHYG7K8164</lei>
        <title>NOMURA HLDGS. INC</title>
        <cusip>J58646100</cusip>
        <identifiers>
          <isin value="JP3762600009"/>
          <ticker value="NRSCF"/>
        </identifiers>
        <balance>880900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>6967571.88</valUSD>
        <pctVal>0.1141425511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NITORI HLDGS. CO LTD</name>
        <lei>N/A</lei>
        <title>NITORI HLDGS. CO LTD</title>
        <cusip>J58214131</cusip>
        <identifiers>
          <isin value="JP3756100008"/>
          <ticker value="NCLTF"/>
        </identifiers>
        <balance>120000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1905897.8</valUSD>
        <pctVal>0.0312223599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DANONE SA</name>
        <lei>969500KMUQ2B6CBAF162</lei>
        <title>DANONE SA</title>
        <cusip>F12033134</cusip>
        <identifiers>
          <isin value="FR0000120644"/>
          <ticker value="GPDNF"/>
        </identifiers>
        <balance>187211</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>15035328.26</valUSD>
        <pctVal>0.2463082913</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>AIR LIQUIDE SA</name>
        <lei>969500MMPQVHK671GT54</lei>
        <title>AIR LIQUIDE SA</title>
        <cusip>F01764103</cusip>
        <identifiers>
          <isin value="FR0000120073"/>
          <ticker value="AIQUF"/>
        </identifiers>
        <balance>168106</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>34629886.65</valUSD>
        <pctVal>0.5673057523</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>RYOHIN KEIKAKU CO LTD</name>
        <lei>549300PMNF56J66BY371</lei>
        <title>RYOHIN KEIKAKU CO LTD</title>
        <cusip>J6571N105</cusip>
        <identifiers>
          <isin value="JP3976300008"/>
          <ticker value="RYKKF"/>
        </identifiers>
        <balance>150200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3194245.66</valUSD>
        <pctVal>0.0523280355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SECOM CO LTD</name>
        <lei>529900TYCL9N3E9PGE47</lei>
        <title>SECOM CO LTD</title>
        <cusip>J69972107</cusip>
        <identifiers>
          <isin value="JP3421800008"/>
          <ticker value="SOMLF"/>
        </identifiers>
        <balance>117100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4496332.37</valUSD>
        <pctVal>0.0736587805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHIMANO INC</name>
        <lei>529900L32YT3P9DECR10</lei>
        <title>SHIMANO INC</title>
        <cusip>J72262108</cusip>
        <identifiers>
          <isin value="JP3358000002"/>
          <ticker value="SHMDF"/>
        </identifiers>
        <balance>21100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2211103.35</valUSD>
        <pctVal>0.0362222280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HULIC CO LTD</name>
        <lei>3538002E12E7IHAKTB10</lei>
        <title>HULIC CO LTD</title>
        <cusip>J23594112</cusip>
        <identifiers>
          <isin value="JP3360800001"/>
          <ticker value="3003"/>
        </identifiers>
        <balance>135300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1575037.43</valUSD>
        <pctVal>0.0258022154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO METAL MINING CO</name>
        <lei>353800CF81IXL9974H84</lei>
        <title>SUMITOMO METAL MINING CO</title>
        <cusip>J77712180</cusip>
        <identifiers>
          <isin value="JP3402600005"/>
          <ticker value="STMNF"/>
        </identifiers>
        <balance>72900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4226279.05</valUSD>
        <pctVal>0.0692347752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUN HUNG KAI PROPS. LTD</name>
        <lei>529900LUMD393RD3S874</lei>
        <title>SUN HUNG KAI PROPS. LTD</title>
        <cusip>Y82594121</cusip>
        <identifiers>
          <isin value="HK0016000132"/>
          <ticker value="SUHJF"/>
        </identifiers>
        <balance>421758</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>7148337.21</valUSD>
        <pctVal>0.1171038433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWIRE PACIFIC LTD</name>
        <lei>549300KZOZHII0DGF611</lei>
        <title>SWIRE PACIFIC LTD</title>
        <cusip>Y83310105</cusip>
        <identifiers>
          <isin value="HK0019000162"/>
          <ticker value="SWRAF"/>
        </identifiers>
        <balance>106051</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>1163126.47</valUSD>
        <pctVal>0.0190543025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1154491.980000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAKEDA PHARM. CO LTD</name>
        <lei>549300ZLMVP4X0OGR454</lei>
        <title>TAKEDA PHARM. CO LTD</title>
        <cusip>J8129E108</cusip>
        <identifiers>
          <isin value="JP3463000004"/>
          <ticker value="TKPHF"/>
        </identifiers>
        <balance>462466</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>17060767.25</valUSD>
        <pctVal>0.2794889714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>D IETEREN GROUP</name>
        <lei>549300DV5KJ23OKVTW34</lei>
        <title>D IETEREN GROUP</title>
        <cusip>B49343187</cusip>
        <identifiers>
          <isin value="BE0974259880"/>
          <ticker value="SIEVF"/>
        </identifiers>
        <balance>6316</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1167682.82</valUSD>
        <pctVal>0.0191289445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF IRELAND GROUP PLC</name>
        <lei>635400C8EK6DRI12LJ39</lei>
        <title>BANK OF IRELAND GROUP PLC</title>
        <cusip>G0756R109</cusip>
        <identifiers>
          <isin value="IE00BD1RP616"/>
          <ticker value="BKRIF"/>
        </identifiers>
        <balance>279832</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>5121068.6</valUSD>
        <pctVal>0.0838931904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AEGON LTD</name>
        <lei>O4QK7KMMK83ITNTHUG69</lei>
        <title>AEGON LTD</title>
        <cusip>G0112X105</cusip>
        <identifiers>
          <isin value="BMG0112X1056"/>
          <ticker value="AEGOF"/>
        </identifiers>
        <balance>371343</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2707424.39</valUSD>
        <pctVal>0.0443529442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVONIK INDS. AG</name>
        <lei>41GUOJQTALQHLF39XJ34</lei>
        <title>EVONIK INDS. AG</title>
        <cusip>D2R90Y117</cusip>
        <identifiers>
          <isin value="DE000EVNK013"/>
          <ticker value="EVKIF"/>
        </identifiers>
        <balance>74331</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1439766.63</valUSD>
        <pctVal>0.0235862132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISHARES CORE MSCI EAFE ET</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>ISHARES CORE MSCI EAFE ET</title>
        <cusip>46432F842</cusip>
        <identifiers>
          <isin value="US46432F8427"/>
          <ticker value="IEFA"/>
        </identifiers>
        <balance>187000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16929110</valUSD>
        <pctVal>0.2773321663</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>SVENSKA HANDELSBANKEN AB</name>
        <lei>NHBDILHZTYCNBV5UYZ31</lei>
        <title>SVENSKA HANDELSBANKEN AB</title>
        <cusip>W9112U104</cusip>
        <identifiers>
          <isin value="SE0007100599"/>
          <ticker value="SVNLF"/>
        </identifiers>
        <balance>417482</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>5451160.76</valUSD>
        <pctVal>0.0893007502</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>BIOMERIEUX</name>
        <lei>549300AK8Y0LBIQ4T071</lei>
        <title>BIOMERIEUX</title>
        <cusip>F1149Y232</cusip>
        <identifiers>
          <isin value="FR0013280286"/>
          <ticker value="BMXMF"/>
        </identifiers>
        <balance>12245</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1303994.47</valUSD>
        <pctVal>0.0213619978</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>LAND SECS. GRP. PLC</name>
        <lei>213800V8IAVKS37D6B88</lei>
        <title>LAND SECS. GRP. PLC</title>
        <cusip>G5375M142</cusip>
        <identifiers>
          <isin value="GB00BYW0PQ60"/>
          <ticker value="LSGOF"/>
        </identifiers>
        <balance>205068</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>1521656.71</valUSD>
        <pctVal>0.0249277341</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>BOLIDEN AB</name>
        <lei>21380059QU7IM1ONDJ56</lei>
        <title>BOLIDEN AB</title>
        <cusip>W17218210</cusip>
        <identifiers>
          <isin value="SE0020050417"/>
          <ticker value="BLIDF"/>
        </identifiers>
        <balance>83905</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>4453771.18</valUSD>
        <pctVal>0.0729615443</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>ING GROEP NV</name>
        <lei>549300NYKK9MWM7GGW15</lei>
        <title>ING GROEP NV</title>
        <cusip>N4578E595</cusip>
        <identifiers>
          <isin value="NL0011821202"/>
          <ticker value="INGVF"/>
        </identifiers>
        <balance>843849</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>22049172</valUSD>
        <pctVal>0.3612088667</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>BANCO COMERCIAL PORTUGUES</name>
        <lei>JU1U6S0DG9YLT7N8ZV32</lei>
        <title>BANCO COMERCIAL PORTUGUES</title>
        <cusip>X03188319</cusip>
        <identifiers>
          <isin value="PTBCP0AM0015"/>
          <ticker value="BPCGF"/>
        </identifiers>
        <balance>2253419</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2209066.85</valUSD>
        <pctVal>0.0361888661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</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</title>
        <cusip>G6S9A7120</cusip>
        <identifiers>
          <isin value="GB00BDR05C01"/>
          <ticker value="NGGTF"/>
        </identifiers>
        <balance>1436263</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>24213871.85</valUSD>
        <pctVal>0.3966709139</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>AIB GRP. PLC</name>
        <lei>635400AKJBGNS5WNQL34</lei>
        <title>AIB GRP. PLC</title>
        <cusip>G0R4HJ106</cusip>
        <identifiers>
          <isin value="IE00BF0L3536"/>
          <ticker value="AIBRF"/>
        </identifiers>
        <balance>615716</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6548707.31</valUSD>
        <pctVal>0.1072807244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MELROSE INDS. PLC</name>
        <lei>213800RGNXXZY2M7TR85</lei>
        <title>MELROSE INDS. PLC</title>
        <cusip>G5973J210</cusip>
        <identifiers>
          <isin value="GB00BNGDN821"/>
          <ticker value="MLSPF"/>
        </identifiers>
        <balance>359376</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>2420737.68</valUSD>
        <pctVal>0.0396564512</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>DSM-FIRMENICH AG</name>
        <lei>506700G44V67MPM4BI12</lei>
        <title>DSM-FIRMENICH AG</title>
        <cusip>H0245V108</cusip>
        <identifiers>
          <isin value="CH1216478797"/>
          <ticker value="DSMFF"/>
        </identifiers>
        <balance>50669</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3618812.58</valUSD>
        <pctVal>0.0592832779</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>SANDOZ GRP. AG</name>
        <lei>5493000JWK6XWFEUD320</lei>
        <title>SANDOZ GRP. AG</title>
        <cusip>H7140B103</cusip>
        <identifiers>
          <isin value="CH1243598427"/>
          <ticker value="SDZXF"/>
        </identifiers>
        <balance>121028</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>9493248.27</valUSD>
        <pctVal>0.1555181051</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>SAMPO OYJ EUR</name>
        <lei>743700UF3RL386WIDA22</lei>
        <title>SAMPO OYJ EUR</title>
        <cusip>X75653232</cusip>
        <identifiers>
          <isin value="FI4000552500"/>
          <ticker value="SAXPF"/>
        </identifiers>
        <balance>689821</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>7391717.76</valUSD>
        <pctVal>0.1210908961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</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</title>
        <cusip>K72807140</cusip>
        <identifiers>
          <isin value="DK0062498333"/>
          <ticker value="NONOF"/>
        </identifiers>
        <balance>933242</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>34389201.11</valUSD>
        <pctVal>0.5633628491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STANDARD LIFE PLC</name>
        <lei>2138001P49OLAEU33T68</lei>
        <title>STANDARD LIFE PLC</title>
        <cusip>G7S8MZ109</cusip>
        <identifiers>
          <isin value="GB00BGXQNP29"/>
          <ticker value="PNXGF"/>
        </identifiers>
        <balance>205018</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>1854015.86</valUSD>
        <pctVal>0.0303724316</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>SOFTBANK CORP</name>
        <lei>353800M1YCTS9JRBJ535</lei>
        <title>SOFTBANK CORP</title>
        <cusip>J75963132</cusip>
        <identifiers>
          <isin value="JP3732000009"/>
          <ticker value="SFBQF"/>
        </identifiers>
        <balance>8287800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>11060430.4</valUSD>
        <pctVal>0.1811916352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROSUS N.V. EUR0.05 (N SH</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>PROSUS N.V. EUR0.05 (N SH</title>
        <cusip>N7163R103</cusip>
        <identifiers>
          <isin value="NL0013654783"/>
          <ticker value="PROSF"/>
        </identifiers>
        <balance>377730</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>17267179.09</valUSD>
        <pctVal>0.2828704039</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>EQT AB</name>
        <lei>213800U7P9GOIRKCTB34</lei>
        <title>EQT AB</title>
        <cusip>W3R27C102</cusip>
        <identifiers>
          <isin value="SE0012853455"/>
          <ticker value="EQBBF"/>
        </identifiers>
        <balance>145790</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>4476993.11</valUSD>
        <pctVal>0.0733419653</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>AKZO NOBEL NV</name>
        <lei>724500XYIJUGXAA5QD70</lei>
        <title>AKZO NOBEL NV</title>
        <cusip>N01803308</cusip>
        <identifiers>
          <isin value="NL0013267909"/>
          <ticker value="AKZOF"/>
        </identifiers>
        <balance>49872</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2861912.24</valUSD>
        <pctVal>0.0468837595</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>HELVETIA BALOISE HOLDING</name>
        <lei>529900SUJBXTORH0LT80</lei>
        <title>HELVETIA BALOISE HOLDING</title>
        <cusip>H3701P102</cusip>
        <identifiers>
          <isin value="CH0466642201"/>
          <ticker value="HELNF"/>
        </identifiers>
        <balance>22725</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>5870089.43</valUSD>
        <pctVal>0.0961636269</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>BANQUE CANTONALE VAUDOISE</name>
        <lei>K1MOBB3OPSBBQO554R76</lei>
        <title>BANQUE CANTONALE VAUDOISE</title>
        <cusip>H04825354</cusip>
        <identifiers>
          <isin value="CH0531751755"/>
          <ticker value="BQCNF"/>
        </identifiers>
        <balance>8446</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>1368314.91</valUSD>
        <pctVal>0.0224156933</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>LOTUS BAKERIES NV</name>
        <lei>5493004C0K34IFI67I03</lei>
        <title>LOTUS BAKERIES NV</title>
        <cusip>B5783H102</cusip>
        <identifiers>
          <isin value="BE0003604155"/>
          <ticker value="LOTB"/>
        </identifiers>
        <balance>119</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1352362.45</valUSD>
        <pctVal>0.0221543606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAGAX AB</name>
        <lei>549300LJX28T6OM8DT95</lei>
        <title>SAGAX AB</title>
        <cusip>W7519A200</cusip>
        <identifiers>
          <isin value="SE0005127818"/>
          <ticker value="SAGXF"/>
        </identifiers>
        <balance>62455</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>1164106.69</valUSD>
        <pctVal>0.0190703605</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>EVOLUTION AB</name>
        <lei>549300SUH6ZR1RF6TA88</lei>
        <title>EVOLUTION AB</title>
        <cusip>W3287P115</cusip>
        <identifiers>
          <isin value="SE0012673267"/>
          <ticker value="EVGGF"/>
        </identifiers>
        <balance>39980</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>2493407.79</valUSD>
        <pctVal>0.0408469308</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>M&amp;G PLC</name>
        <lei>254900TWUJUQ44TQJY84</lei>
        <title>M&amp;G PLC</title>
        <cusip>G6107R102</cusip>
        <identifiers>
          <isin value="GB00BKFB1C65"/>
          <ticker value="MGPUF"/>
        </identifiers>
        <balance>675766</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>2456223.81</valUSD>
        <pctVal>0.0402377839</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>JDE PEET S NV</name>
        <lei>724500EHG519SE5ZRT89</lei>
        <title>JDE PEET S NV</title>
        <cusip>N44664105</cusip>
        <identifiers>
          <isin value="NL0014332678"/>
          <ticker value="JDEPF"/>
        </identifiers>
        <balance>49761</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1832147.18</valUSD>
        <pctVal>0.0300141795</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>COLES GRP. LTD</name>
        <lei>549300OHQRG2HN8LZ793</lei>
        <title>COLES GRP. LTD</title>
        <cusip>Q26203408</cusip>
        <identifiers>
          <isin value="AU0000030678"/>
          <ticker value="CLEGF"/>
        </identifiers>
        <balance>392584</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>5958574.34</valUSD>
        <pctVal>0.0976131840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAVIDE CAMPARI-MILANO NV</name>
        <lei>213800ED5AN2J56N6Z02</lei>
        <title>DAVIDE CAMPARI-MILANO NV</title>
        <cusip>N24565108</cusip>
        <identifiers>
          <isin value="NL0015435975"/>
          <ticker value="DVDCF"/>
        </identifiers>
        <balance>181076</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1289657.81</valUSD>
        <pctVal>0.0211271351</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>TOWER SEMICON. LTD</name>
        <lei>54930086ZSNXZOUX0C54</lei>
        <title>TOWER SEMICON. LTD</title>
        <cusip>M87915274</cusip>
        <identifiers>
          <isin value="IL0010823792"/>
          <ticker value="TSEM"/>
        </identifiers>
        <balance>33119</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.1443"/>
        <valUSD>5807388.07</valUSD>
        <pctVal>0.0951364552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEMBCORP INDS. LTD</name>
        <lei>254900J0FF14U6TPQM96</lei>
        <title>SEMBCORP INDS. LTD</title>
        <cusip>Y79711159</cusip>
        <identifiers>
          <isin value="SG1R50925390"/>
          <ticker value="SCRPF"/>
        </identifiers>
        <balance>255800</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>1328446.29</valUSD>
        <pctVal>0.0217625668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEVEN &amp; I HLDGS. CO LTD</name>
        <lei>52990037G8JRM3TWGY86</lei>
        <title>SEVEN &amp; I HLDGS. CO LTD</title>
        <cusip>J7165H108</cusip>
        <identifiers>
          <isin value="JP3422950000"/>
          <ticker value="SVNDF"/>
        </identifiers>
        <balance>603000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>8116015.03</valUSD>
        <pctVal>0.1329563120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITSUBISHI CHEM. GRP. COR</name>
        <lei>353800YNKX4RQUGAR072</lei>
        <title>MITSUBISHI CHEM. GRP. COR</title>
        <cusip>J44046100</cusip>
        <identifiers>
          <isin value="JP3897700005"/>
          <ticker value="MTLHF"/>
        </identifiers>
        <balance>359000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2078980.37</valUSD>
        <pctVal>0.0340577933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TSURUHA HLDGS. INC</name>
        <lei>N/A</lei>
        <title>TSURUHA HLDGS. INC</title>
        <cusip>J9348C105</cusip>
        <identifiers>
          <isin value="JP3536150000"/>
          <ticker value="TSUSF"/>
        </identifiers>
        <balance>69900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1103401.1</valUSD>
        <pctVal>0.0180758833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INPEX CORP</name>
        <lei>353800VHYYADPR6MXQ47</lei>
        <title>INPEX CORP</title>
        <cusip>J2467E101</cusip>
        <identifiers>
          <isin value="JP3294460005"/>
          <ticker value="IPXHF"/>
        </identifiers>
        <balance>254000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>7452826.84</valUSD>
        <pctVal>0.1220919832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WILMAR INTL. LTD</name>
        <lei>549300H2EAI4YRLWBB20</lei>
        <title>WILMAR INTL. LTD</title>
        <cusip>Y9586L109</cusip>
        <identifiers>
          <isin value="SG1T56930848"/>
          <ticker value="WLMIF"/>
        </identifiers>
        <balance>565800</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.2857"/>
        <valUSD>1704612.27</valUSD>
        <pctVal>0.0279249065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1201119.890000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AERCAP HLDGS. NV</name>
        <lei>549300SZYINBBLJQU475</lei>
        <title>AERCAP HLDGS. NV</title>
        <cusip>N00985106</cusip>
        <identifiers>
          <isin value="NL0000687663"/>
          <ticker value="AER"/>
        </identifiers>
        <balance>49505</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6791095.9</valUSD>
        <pctVal>0.1112515270</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>CSL LTD</name>
        <lei>529900ECSECK5ZDQTE14</lei>
        <title>CSL LTD</title>
        <cusip>Q3018U109</cusip>
        <identifiers>
          <isin value="AU000000CSL8"/>
          <ticker value="CMXHF"/>
        </identifiers>
        <balance>140269</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>13779810.88</valUSD>
        <pctVal>0.2257404437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHIBA BANK LTD/THE</name>
        <lei>FGJPAKKCTZVSKZXNBS63</lei>
        <title>CHIBA BANK LTD/THE</title>
        <cusip>J05670104</cusip>
        <identifiers>
          <isin value="JP3511800009"/>
          <ticker value="8331"/>
        </identifiers>
        <balance>166600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2146557.24</valUSD>
        <pctVal>0.0351648356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHUGAI PHARM. CO LTD</name>
        <lei>529900T9LAII161DCN95</lei>
        <title>CHUGAI PHARM. CO LTD</title>
        <cusip>J06930101</cusip>
        <identifiers>
          <isin value="JP3519400000"/>
          <ticker value="CHGCF"/>
        </identifiers>
        <balance>194465</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>10759428.35</valUSD>
        <pctVal>0.1762606288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COCHLEAR LTD</name>
        <lei>5493001OLLWY8KV5UC08</lei>
        <title>COCHLEAR LTD</title>
        <cusip>Q25953102</cusip>
        <identifiers>
          <isin value="AU000000COH5"/>
          <ticker value="COH"/>
        </identifiers>
        <balance>19624</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>2304548.58</valUSD>
        <pctVal>0.0377530449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SYMRISE AG</name>
        <lei>529900D82I6R9601CF26</lei>
        <title>SYMRISE AG</title>
        <cusip>D827A1108</cusip>
        <identifiers>
          <isin value="DE000SYM9999"/>
          <ticker value="SYIEF"/>
        </identifiers>
        <balance>38475</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3257617.77</valUSD>
        <pctVal>0.0533661955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMMONWEALTH BANK OF AUST</name>
        <lei>MSFSBD3QN1GSN7Q6C537</lei>
        <title>COMMONWEALTH BANK OF AUST</title>
        <cusip>Q26915100</cusip>
        <identifiers>
          <isin value="AU000000CBA7"/>
          <ticker value="CBAUF"/>
        </identifiers>
        <balance>485229</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>56678170.88</valUSD>
        <pctVal>0.9285000756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAITO TST. CONSTRUCTION C</name>
        <lei>353800QQ4DRI3KXS3038</lei>
        <title>DAITO TST. CONSTRUCTION C</title>
        <cusip>J11151107</cusip>
        <identifiers>
          <isin value="JP3486800000"/>
          <ticker value="DITTF"/>
        </identifiers>
        <balance>86700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2019291.09</valUSD>
        <pctVal>0.0330799654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAI NIPPON PRINTING CO LT</name>
        <lei>529900S7NFNQ4FT6OP83</lei>
        <title>DAI NIPPON PRINTING CO LT</title>
        <cusip>J10584142</cusip>
        <identifiers>
          <isin value="JP3493800001"/>
          <ticker value="DNPCF"/>
        </identifiers>
        <balance>112300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2039279.44</valUSD>
        <pctVal>0.0334074139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAIWA HOUSE IND. CO LTD</name>
        <lei>353800K9WXR9XRZJZI46</lei>
        <title>DAIWA HOUSE IND. CO LTD</title>
        <cusip>J11508124</cusip>
        <identifiers>
          <isin value="JP3505000004"/>
          <ticker value="DWAHF"/>
        </identifiers>
        <balance>160000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>5001533.34</valUSD>
        <pctVal>0.0819349674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DISCO CORP</name>
        <lei>N/A</lei>
        <title>DISCO CORP</title>
        <cusip>J12327102</cusip>
        <identifiers>
          <isin value="JP3548600000"/>
          <ticker value="DISPF"/>
        </identifiers>
        <balance>26700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>10698606.28</valUSD>
        <pctVal>0.1752642435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FAST RETAILING CO LTD</name>
        <lei>353800ZCXKHDPY0N5218</lei>
        <title>FAST RETAILING CO LTD</title>
        <cusip>J1346E100</cusip>
        <identifiers>
          <isin value="JP3802300008"/>
          <ticker value="FRCOF"/>
        </identifiers>
        <balance>55200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>21970284.91</valUSD>
        <pctVal>0.3599165408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUJI ELEC. CO LTD</name>
        <lei>5299000HVNGZZTYYM906</lei>
        <title>FUJI ELEC. CO LTD</title>
        <cusip>J14112106</cusip>
        <identifiers>
          <isin value="JP3820000002"/>
          <ticker value="FELTF"/>
        </identifiers>
        <balance>40800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2857085.03</valUSD>
        <pctVal>0.0468046803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUJIKURA LTD</name>
        <lei>353800PSDZ8VRCKVPL51</lei>
        <title>FUJIKURA LTD</title>
        <cusip>J14784128</cusip>
        <identifiers>
          <isin value="JP3811000003"/>
          <ticker value="FKURF"/>
        </identifiers>
        <balance>437400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>11901208.9</valUSD>
        <pctVal>0.1949652431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FANUC CORP</name>
        <lei>529900QTSW745LOKW705</lei>
        <title>FANUC CORP</title>
        <cusip>J13440102</cusip>
        <identifiers>
          <isin value="JP3802400006"/>
          <ticker value="FANUF"/>
        </identifiers>
        <balance>269200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>9376065.78</valUSD>
        <pctVal>0.1535984251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUJITSU LTD</name>
        <lei>3538000246DHJLRTUZ24</lei>
        <title>FUJITSU LTD</title>
        <cusip>J15708159</cusip>
        <identifiers>
          <isin value="JP3818000006"/>
          <ticker value="FJTSF"/>
        </identifiers>
        <balance>506700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>10297443.99</valUSD>
        <pctVal>0.1686924150</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HANKYU HANSHIN HLDGS. INC</name>
        <lei>N/A</lei>
        <title>HANKYU HANSHIN HLDGS. INC</title>
        <cusip>J18439109</cusip>
        <identifiers>
          <isin value="JP3774200004"/>
          <ticker value="9042"/>
        </identifiers>
        <balance>72200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2087169.26</valUSD>
        <pctVal>0.0341919435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HENDERSON LAND DEV. CO LT</name>
        <lei>529900SYQB7IVR9QGN76</lei>
        <title>HENDERSON LAND DEV. CO LT</title>
        <cusip>Y31476107</cusip>
        <identifiers>
          <isin value="HK0012000102"/>
          <ticker value="HLDVF"/>
        </identifiers>
        <balance>414929</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>1538949.3</valUSD>
        <pctVal>0.0252110207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HONGKONG LAND HLDGS. LTD</name>
        <lei>213800XCHYNRPAYGXW28</lei>
        <title>HONGKONG LAND HLDGS. LTD</title>
        <cusip>G4587L109</cusip>
        <identifiers>
          <isin value="BMG4587L1090"/>
          <ticker value="HKHGF"/>
        </identifiers>
        <balance>311700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2437946.88</valUSD>
        <pctVal>0.0399383718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="797979.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POWER ASSETS HLDGS. LTD</name>
        <lei>254900JOWYUW1ZX4DF47</lei>
        <title>POWER ASSETS HLDGS. LTD</title>
        <cusip>Y7092Q109</cusip>
        <identifiers>
          <isin value="HK0006000050"/>
          <ticker value="HGKGF"/>
        </identifiers>
        <balance>407317</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>3173533.19</valUSD>
        <pctVal>0.0519887244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WHARF HLDGS. LTD/THE</name>
        <lei>254900JCV4TBBPX9IW91</lei>
        <title>WHARF HLDGS. LTD/THE</title>
        <cusip>Y8800U127</cusip>
        <identifiers>
          <isin value="HK0004000045"/>
          <ticker value="WARFF"/>
        </identifiers>
        <balance>320000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>884146.62</valUSD>
        <pctVal>0.0144840631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="218050.440000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IBIDEN CO LTD</name>
        <lei>52990051DBFIQEY37C91</lei>
        <title>IBIDEN CO LTD</title>
        <cusip>J23059116</cusip>
        <identifiers>
          <isin value="JP3148800000"/>
          <ticker value="IBIDF"/>
        </identifiers>
        <balance>69200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3393735.13</valUSD>
        <pctVal>0.0555960659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITOCHU CORP</name>
        <lei>J48DJYXDTLHM30UMYI18</lei>
        <title>ITOCHU CORP</title>
        <cusip>J2501P104</cusip>
        <identifiers>
          <isin value="JP3143600009"/>
          <ticker value="ITOCF"/>
        </identifiers>
        <balance>1723300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>21903858.69</valUSD>
        <pctVal>0.3588283484</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPAN TOBACCO INC</name>
        <lei>353800Z0ENYBQO0XRJ31</lei>
        <title>JAPAN TOBACCO INC</title>
        <cusip>J27869106</cusip>
        <identifiers>
          <isin value="JP3726800000"/>
          <ticker value="JAPAF"/>
        </identifiers>
        <balance>347600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>13337574.8</valUSD>
        <pctVal>0.2184957457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AEON CO LTD</name>
        <lei>5299009MXFL34SA71416</lei>
        <title>AEON CO LTD</title>
        <cusip>J00288100</cusip>
        <identifiers>
          <isin value="JP3388200002"/>
          <ticker value="AONNF"/>
        </identifiers>
        <balance>644500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>7692470.02</valUSD>
        <pctVal>0.1260178105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAJIMA CORP</name>
        <lei>N/A</lei>
        <title>KAJIMA CORP</title>
        <cusip>J29223120</cusip>
        <identifiers>
          <isin value="JP3210200006"/>
          <ticker value="KAJMF"/>
        </identifiers>
        <balance>120600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4581361.39</valUSD>
        <pctVal>0.0750517233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAO CORP</name>
        <lei>353800HM38HFCB8RGL63</lei>
        <title>KAO CORP</title>
        <cusip>J30642169</cusip>
        <identifiers>
          <isin value="JP3205800000"/>
          <ticker value="KAOCF"/>
        </identifiers>
        <balance>133800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>5228254.33</valUSD>
        <pctVal>0.0856491038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAWASAKI HEAVY INDUSTRIES</name>
        <lei>5493008FFSI8SQ74AT93</lei>
        <title>KAWASAKI HEAVY INDUSTRIES</title>
        <cusip>J31502131</cusip>
        <identifiers>
          <isin value="JP3224200000"/>
          <ticker value="KWHIF"/>
        </identifiers>
        <balance>219500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4164809.85</valUSD>
        <pctVal>0.0682277886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOMATSU LTD</name>
        <lei>5493004LQ0B4T7QPQV17</lei>
        <title>KOMATSU LTD</title>
        <cusip>J35759125</cusip>
        <identifiers>
          <isin value="JP3304200003"/>
          <ticker value="KMTUF"/>
        </identifiers>
        <balance>275400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>10810810.13</valUSD>
        <pctVal>0.1771023635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KYOCERA CORP</name>
        <lei>N/A</lei>
        <title>KYOCERA CORP</title>
        <cusip>J37479110</cusip>
        <identifiers>
          <isin value="JP3249600002"/>
          <ticker value="KYOCF"/>
        </identifiers>
        <balance>378000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>5843689.03</valUSD>
        <pctVal>0.0957311364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REXEL SA</name>
        <lei>969500N6AVPA51648T62</lei>
        <title>REXEL SA</title>
        <cusip>F7782J366</cusip>
        <identifiers>
          <isin value="FR0010451203"/>
          <ticker value="RXLSF"/>
        </identifiers>
        <balance>66379</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2596052.56</valUSD>
        <pctVal>0.0425284543</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>MAKITA CORP</name>
        <lei>529900CDR9E94BCM6294</lei>
        <title>MAKITA CORP</title>
        <cusip>J39584107</cusip>
        <identifiers>
          <isin value="JP3862400003"/>
          <ticker value="MKEWF"/>
        </identifiers>
        <balance>67100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2179339.57</valUSD>
        <pctVal>0.0357018747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORKLA ASA</name>
        <lei>549300PZS8G8RG6RVZ52</lei>
        <title>ORKLA ASA</title>
        <cusip>R67787102</cusip>
        <identifiers>
          <isin value="NO0003733800"/>
          <ticker value="ORKLF"/>
        </identifiers>
        <balance>206726</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6829"/>
        <valUSD>2599916.47</valUSD>
        <pctVal>0.0425917527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PRYSMIAN SPA NPV</name>
        <lei>529900X0H1IO3RS1A464</lei>
        <title>PRYSMIAN SPA NPV</title>
        <cusip>T7630L105</cusip>
        <identifiers>
          <isin value="IT0004176001"/>
          <ticker value="PRYMF"/>
        </identifiers>
        <balance>81223</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>9497713.49</valUSD>
        <pctVal>0.1555912542</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITSUBISHI CORP</name>
        <lei>KVIPTY4PULAPGC1VVD26</lei>
        <title>MITSUBISHI CORP</title>
        <cusip>J43830116</cusip>
        <identifiers>
          <isin value="JP3898400001"/>
          <ticker value="MSBHF"/>
        </identifiers>
        <balance>935200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>32115899.57</valUSD>
        <pctVal>0.5261216923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITSUBISHI HEAVY INDS. LT</name>
        <lei>353800TJ98PCAZROVE69</lei>
        <title>MITSUBISHI HEAVY INDS. LT</title>
        <cusip>J44002178</cusip>
        <identifiers>
          <isin value="JP3900000005"/>
          <ticker value="MHVYF"/>
        </identifiers>
        <balance>929200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>25347970.16</valUSD>
        <pctVal>0.4152496780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITSUI LTD</name>
        <lei>2NRSB4GOU9DD6CNW5R48</lei>
        <title>MITSUI LTD</title>
        <cusip>J44690139</cusip>
        <identifiers>
          <isin value="JP3893600001"/>
          <ticker value="MITSF"/>
        </identifiers>
        <balance>716700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>27593145.49</valUSD>
        <pctVal>0.4520300722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITSUI FUDOSAN CO LTD</name>
        <lei>353800ND4ZKNZDYKMF33</lei>
        <title>MITSUI FUDOSAN CO LTD</title>
        <cusip>J4509L101</cusip>
        <identifiers>
          <isin value="JP3893200000"/>
          <ticker value="MTSFF"/>
        </identifiers>
        <balance>762700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>8072843.97</valUSD>
        <pctVal>0.1322490850</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NINTENDO CO LTD</name>
        <lei>353800FEEXU6I9M0ZF27</lei>
        <title>NINTENDO CO LTD</title>
        <cusip>J51699106</cusip>
        <identifiers>
          <isin value="JP3756600007"/>
          <ticker value="NTDOF"/>
        </identifiers>
        <balance>318900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>18196708.43</valUSD>
        <pctVal>0.2980979254</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NITTO DENKO CORP</name>
        <lei>3538009GX5P09USH2J25</lei>
        <title>NITTO DENKO CORP</title>
        <cusip>J58472119</cusip>
        <identifiers>
          <isin value="JP3684000007"/>
          <ticker value="NDEKF"/>
        </identifiers>
        <balance>199600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3993412.63</valUSD>
        <pctVal>0.0654199645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINEBEA MITSUMI INC</name>
        <lei>353800CCB0CZ75YZ4010</lei>
        <title>MINEBEA MITSUMI INC</title>
        <cusip>J42884130</cusip>
        <identifiers>
          <isin value="JP3906000009"/>
          <ticker value="MNBEF"/>
        </identifiers>
        <balance>108300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1776525.53</valUSD>
        <pctVal>0.0291029873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON STEEL CORP</name>
        <lei>35380065QWQ4U2V3PA33</lei>
        <title>NIPPON STEEL CORP</title>
        <cusip>J55678106</cusip>
        <identifiers>
          <isin value="JP3381000003"/>
          <ticker value="NISTF"/>
        </identifiers>
        <balance>1381405</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>5074899.95</valUSD>
        <pctVal>0.0831368570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NISSAN MOTOR CO NPV</name>
        <lei>353800DRBDH1LUTNAY26</lei>
        <title>NISSAN MOTOR CO NPV</title>
        <cusip>J57160129</cusip>
        <identifiers>
          <isin value="JP3672400003"/>
          <ticker value="NSANF"/>
        </identifiers>
        <balance>677200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1437459.8</valUSD>
        <pctVal>0.0235484228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON YUSEN KK</name>
        <lei>353800YPW4XM0ZN5I149</lei>
        <title>NIPPON YUSEN KK</title>
        <cusip>J56515232</cusip>
        <identifiers>
          <isin value="JP3753000003"/>
          <ticker value="NYUKF"/>
        </identifiers>
        <balance>121900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4474005.44</valUSD>
        <pctVal>0.0732930214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VINCI SA</name>
        <lei>213800WFQ334R8UXUG83</lei>
        <title>VINCI SA</title>
        <cusip>F5879X108</cusip>
        <identifiers>
          <isin value="FR0000125486"/>
          <ticker value="VCISF"/>
        </identifiers>
        <balance>143008</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>21417945.32</valUSD>
        <pctVal>0.3508681304</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>ORIENTAL LAND CO LTD/JAPA</name>
        <lei>353800PIFKBZ6KTU5994</lei>
        <title>ORIENTAL LAND CO LTD/JAPA</title>
        <cusip>J6174U100</cusip>
        <identifiers>
          <isin value="JP3198900007"/>
          <ticker value="OLCLF"/>
        </identifiers>
        <balance>317300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>5401653.58</valUSD>
        <pctVal>0.0884897250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORIX CORP</name>
        <lei>35380016EMHNBOVYE123</lei>
        <title>ORIX CORP</title>
        <cusip>J61933123</cusip>
        <identifiers>
          <isin value="JP3200450009"/>
          <ticker value="ORXCF"/>
        </identifiers>
        <balance>334500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>10021610.23</valUSD>
        <pctVal>0.1641737147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEKISUI HOUSE LTD</name>
        <lei>529900GMNDOYQSAJAE76</lei>
        <title>SEKISUI HOUSE LTD</title>
        <cusip>J70746136</cusip>
        <identifiers>
          <isin value="JP3420600003"/>
          <ticker value="SKHSF"/>
        </identifiers>
        <balance>176400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>3937964.07</valUSD>
        <pctVal>0.0645116079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SONY GRP. CORP</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>SONY GRP. CORP</title>
        <cusip>J76379106</cusip>
        <identifiers>
          <isin value="JP3435000009"/>
          <ticker value="SNEJF"/>
        </identifiers>
        <balance>1781400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>36743771.27</valUSD>
        <pctVal>0.6019353460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON H SOUL PATTINS</name>
        <lei>254900CV4BQYQLH2KI62</lei>
        <title>WASHINGTON H SOUL PATTINS</title>
        <cusip>Q85717108</cusip>
        <identifiers>
          <isin value="AU000000SOL3"/>
          <ticker value="WSOUF"/>
        </identifiers>
        <balance>95983</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>2683002.53</valUSD>
        <pctVal>0.0439528660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FRESENIUS SE KGAA</name>
        <lei>XDFJ0CYCOO1FXRFTQS51</lei>
        <title>FRESENIUS SE KGAA</title>
        <cusip>D27348263</cusip>
        <identifiers>
          <isin value="DE0005785604"/>
          <ticker value="FSNUF"/>
        </identifiers>
        <balance>124109</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6357429.01</valUSD>
        <pctVal>0.1041472091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO REALTY &amp; DEV. CO</name>
        <lei>353800SO2DCLOI3LNZ64</lei>
        <title>SUMITOMO REALTY &amp; DEV. CO</title>
        <cusip>J77841112</cusip>
        <identifiers>
          <isin value="JP3409000001"/>
          <ticker value="SURDF"/>
        </identifiers>
        <balance>174400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4903207.55</valUSD>
        <pctVal>0.0803241973</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO CORP</name>
        <lei>V82KK8NH1P0JS71FJC05</lei>
        <title>SUMITOMO CORP</title>
        <cusip>J77282119</cusip>
        <identifiers>
          <isin value="JP3404600003"/>
          <ticker value="SSUMF"/>
        </identifiers>
        <balance>315300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>11735152.1</valUSD>
        <pctVal>0.1922449056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUZUKI MOTOR CORP</name>
        <lei>353800D83H0V3ZV1SV24</lei>
        <title>SUZUKI MOTOR CORP</title>
        <cusip>J78529138</cusip>
        <identifiers>
          <isin value="JP3397200001"/>
          <ticker value="SZKMF"/>
        </identifiers>
        <balance>462900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>5545991.59</valUSD>
        <pctVal>0.0908542659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SYSMEX CORP</name>
        <lei>5299001ZO4CKWACMZI55</lei>
        <title>SYSMEX CORP</title>
        <cusip>J7864H102</cusip>
        <identifiers>
          <isin value="JP3351100007"/>
          <ticker value="SSMXF"/>
        </identifiers>
        <balance>150794</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1314600.23</valUSD>
        <pctVal>0.0215357411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOHO CO LTD/TOKYO</name>
        <lei>529900IYHHYWU4O3H185</lei>
        <title>TOHO CO LTD/TOKYO</title>
        <cusip>J84764117</cusip>
        <identifiers>
          <isin value="JP3598600009"/>
          <ticker value="TKCOF"/>
        </identifiers>
        <balance>153500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1619236.73</valUSD>
        <pctVal>0.0265262870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOKYO GAS CO LTD</name>
        <lei>353800678EIJLOQSWZ83</lei>
        <title>TOKYO GAS CO LTD</title>
        <cusip>J87000113</cusip>
        <identifiers>
          <isin value="JP3573000001"/>
          <ticker value="TKGSF"/>
        </identifiers>
        <balance>92900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>4386450.11</valUSD>
        <pctVal>0.0718586926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOPPAN HOLDINGS INC NPV</name>
        <lei>3538003H9W4KIDODQY20</lei>
        <title>TOPPAN HOLDINGS INC NPV</title>
        <cusip>890747108</cusip>
        <identifiers>
          <isin value="JP3629000005"/>
          <ticker value="TONPF"/>
        </identifiers>
        <balance>67500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1788760.83</valUSD>
        <pctVal>0.0293034256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TORAY INDS. INC</name>
        <lei>35380099TCYR5FHT0A11</lei>
        <title>TORAY INDS. INC</title>
        <cusip>J89494116</cusip>
        <identifiers>
          <isin value="JP3621000003"/>
          <ticker value="TRYIF"/>
        </identifiers>
        <balance>398500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2809605.61</valUSD>
        <pctVal>0.0460268739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOYOTA INDS. CORP</name>
        <lei>35380000WKGEAHEMW830</lei>
        <title>TOYOTA INDS. CORP</title>
        <cusip>J92628106</cusip>
        <identifiers>
          <isin value="JP3634600005"/>
          <ticker value="TYIDF"/>
        </identifiers>
        <balance>9900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1273714.08</valUSD>
        <pctVal>0.0208659454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1269459.970000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNICHARM CORP</name>
        <lei>353800UQ4BZIJTAQEG85</lei>
        <title>UNICHARM CORP</title>
        <cusip>J94104114</cusip>
        <identifiers>
          <isin value="JP3951600000"/>
          <ticker value="UNCHF"/>
        </identifiers>
        <balance>322200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1876234.6</valUSD>
        <pctVal>0.0307364183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESFARMERS LTD</name>
        <lei>5493003L32ZX9557ST85</lei>
        <title>WESFARMERS LTD</title>
        <cusip>Q95870103</cusip>
        <identifiers>
          <isin value="AU000000WES1"/>
          <ticker value="WFAFF"/>
        </identifiers>
        <balance>327686</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>16611191.51</valUSD>
        <pctVal>0.2721240353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEST JAPAN RAILWAY CO</name>
        <lei>353800QGUXHZ7EBCR121</lei>
        <title>WEST JAPAN RAILWAY CO</title>
        <cusip>J95094108</cusip>
        <identifiers>
          <isin value="JP3659000008"/>
          <ticker value="WJRYF"/>
        </identifiers>
        <balance>122900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2441053.94</valUSD>
        <pctVal>0.0399892716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOKYU CORP</name>
        <lei>3538005PGNIBTZYXAE45</lei>
        <title>TOKYU CORP</title>
        <cusip>J88720149</cusip>
        <identifiers>
          <isin value="JP3574200006"/>
          <ticker value="TOKUF"/>
        </identifiers>
        <balance>147900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1746967.15</valUSD>
        <pctVal>0.0286187628</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COCA-COLA HBC AG</name>
        <lei>549300EFP3TNG7JGVE49</lei>
        <title>COCA-COLA HBC AG</title>
        <cusip>H1512E100</cusip>
        <identifiers>
          <isin value="CH0198251305"/>
          <ticker value="CCHBF"/>
        </identifiers>
        <balance>64450</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>3653609.75</valUSD>
        <pctVal>0.0598533241</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>THE SAGE GROUP PLC GBP0.0</name>
        <lei>2138005RN5XYLTF8G138</lei>
        <title>THE SAGE GROUP PLC GBP0.0</title>
        <cusip>G7771K142</cusip>
        <identifiers>
          <isin value="GB00B8C3BL03"/>
          <ticker value="SGGEF"/>
        </identifiers>
        <balance>281271</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>3141430.64</valUSD>
        <pctVal>0.0514628214</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>DEUTSCHE BOERSE AG</name>
        <lei>529900G3SW56SHYNPR95</lei>
        <title>DEUTSCHE BOERSE AG</title>
        <cusip>D1882G119</cusip>
        <identifiers>
          <isin value="DE0005810055"/>
          <ticker value="DBOEF"/>
        </identifiers>
        <balance>54381</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>15810517.76</valUSD>
        <pctVal>0.2590074222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SODEXO SA</name>
        <lei>969500LCBOG12HXPYM84</lei>
        <title>SODEXO SA</title>
        <cusip>F84941123</cusip>
        <identifiers>
          <isin value="FR0000121220"/>
          <ticker value="SDXOF"/>
        </identifiers>
        <balance>26426</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1356562.52</valUSD>
        <pctVal>0.0222231660</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>AXA SA</name>
        <lei>F5WCUMTUM4RKZ1MAIE39</lei>
        <title>AXA SA</title>
        <cusip>F06106102</cusip>
        <identifiers>
          <isin value="FR0000120628"/>
          <ticker value="AXAHF"/>
        </identifiers>
        <balance>485891</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>22275998.23</valUSD>
        <pctVal>0.3649247271</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>WOOLWORTHS GRP. LTD</name>
        <lei>QNWEWQBS7HP85QHXQL92</lei>
        <title>WOOLWORTHS GRP. LTD</title>
        <cusip>Q98418108</cusip>
        <identifiers>
          <isin value="AU000000WOW2"/>
          <ticker value="WOLWF"/>
        </identifiers>
        <balance>352635</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>8879239.47</valUSD>
        <pctVal>0.1454594316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YAMAHA MOTOR CO LTD</name>
        <lei>3538004LR5NXILJDHY88</lei>
        <title>YAMAHA MOTOR CO LTD</title>
        <cusip>J95776126</cusip>
        <identifiers>
          <isin value="JP3942800008"/>
          <ticker value="YAMHF"/>
        </identifiers>
        <balance>261000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1860376.23</valUSD>
        <pctVal>0.0304766270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YOKOGAWA ELEC. CORP</name>
        <lei>529900MV0U7C9WWF4L22</lei>
        <title>YOKOGAWA ELEC. CORP</title>
        <cusip>J97272124</cusip>
        <identifiers>
          <isin value="JP3955000009"/>
          <ticker value="YOKEF"/>
        </identifiers>
        <balance>65900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2041326.21</valUSD>
        <pctVal>0.0334409440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEGRO PLC</name>
        <lei>213800XC35KGM9NFC641</lei>
        <title>SEGRO PLC</title>
        <cusip>G80277141</cusip>
        <identifiers>
          <isin value="GB00B5ZN1N88"/>
          <ticker value="SEGXF"/>
        </identifiers>
        <balance>378960</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>3295561.85</valUSD>
        <pctVal>0.0539877942</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>ENEL SPA</name>
        <lei>WOCMU6HCI0OJWNPRZS33</lei>
        <title>ENEL SPA</title>
        <cusip>T3679P115</cusip>
        <identifiers>
          <isin value="IT0003128367"/>
          <ticker value="ENEL"/>
        </identifiers>
        <balance>2353443</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>25621608.36</valUSD>
        <pctVal>0.4197324107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CREDIT AGRICOLE SA</name>
        <lei>969500TJ5KRTCJQWXH05</lei>
        <title>CREDIT AGRICOLE SA</title>
        <cusip>F22797108</cusip>
        <identifiers>
          <isin value="FR0000045072"/>
          <ticker value="CRARF"/>
        </identifiers>
        <balance>311325</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>5844530.22</valUSD>
        <pctVal>0.0957449167</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>PANDORA A/S</name>
        <lei>5299007OWYZ6I1E46843</lei>
        <title>PANDORA A/S</title>
        <cusip>K7681L102</cusip>
        <identifiers>
          <isin value="DK0060252690"/>
          <ticker value="PNDZF"/>
        </identifiers>
        <balance>23867</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.4652"/>
        <valUSD>1676302.3</valUSD>
        <pctVal>0.0274611334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BKW AG</name>
        <lei>549300IE30SKTUO98Q38</lei>
        <title>BKW AG</title>
        <cusip>H10053108</cusip>
        <identifiers>
          <isin value="CH0130293662"/>
          <ticker value="BKWAF"/>
        </identifiers>
        <balance>5956</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>1173106.99</valUSD>
        <pctVal>0.0192178031</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>NOVARTIS AG CHF0.49</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>NOVARTIS AG CHF0.49</title>
        <cusip>H5820Q150</cusip>
        <identifiers>
          <isin value="CH0012005267"/>
          <ticker value="NVSEF"/>
        </identifiers>
        <balance>552100</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>83825091.06</valUSD>
        <pctVal>1.3732200983</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>GROUPE BRUXELLES LAMBERT</name>
        <lei>549300KV0ZEHT2KVU152</lei>
        <title>GROUPE BRUXELLES LAMBERT</title>
        <cusip>B4746J115</cusip>
        <identifiers>
          <isin value="BE0003797140"/>
          <ticker value="GBLBF"/>
        </identifiers>
        <balance>23731</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2145085.91</valUSD>
        <pctVal>0.0351407323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROCHE HOLDINGS AG CHF0.00</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>ROCHE HOLDINGS AG CHF0.00</title>
        <cusip>H69293225</cusip>
        <identifiers>
          <isin value="CH0012032113"/>
          <ticker value="RHHBF"/>
        </identifiers>
        <balance>9261</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>3836104.85</valUSD>
        <pctVal>0.0628429533</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>HOLCIM AG</name>
        <lei>529900EHPFPYHV6IQO98</lei>
        <title>HOLCIM AG</title>
        <cusip>H3816Q102</cusip>
        <identifiers>
          <isin value="CH0012214059"/>
          <ticker value="HCMLF"/>
        </identifiers>
        <balance>147387</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>12230621.32</valUSD>
        <pctVal>0.2003616674</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>ABB LTD</name>
        <lei>5493000LKVGOO9PELI61</lei>
        <title>ABB LTD</title>
        <cusip>H0010V101</cusip>
        <identifiers>
          <isin value="CH0012221716"/>
          <ticker value="ABLZF"/>
        </identifiers>
        <balance>454529</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>36968062.82</valUSD>
        <pctVal>0.6056096834</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>SKANSKA AB</name>
        <lei>549300UINV5RINHGMG07</lei>
        <title>SKANSKA AB</title>
        <cusip>W83567110</cusip>
        <identifiers>
          <isin value="SE0000113250"/>
          <ticker value="SKSBF"/>
        </identifiers>
        <balance>100421</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>2708342.59</valUSD>
        <pctVal>0.0443679861</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>BNP PARIBAS SA</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP PARIBAS SA</title>
        <cusip>F1058Q238</cusip>
        <identifiers>
          <isin value="FR0000131104"/>
          <ticker value="BNPQF"/>
        </identifiers>
        <balance>291630</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>27780964.94</valUSD>
        <pctVal>0.4551069247</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>ALFA LAVAL AB</name>
        <lei>549300UCKT2UK88AG251</lei>
        <title>ALFA LAVAL AB</title>
        <cusip>W04008152</cusip>
        <identifiers>
          <isin value="SE0000695876"/>
          <ticker value="ALFVF"/>
        </identifiers>
        <balance>86003</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>4692657.85</valUSD>
        <pctVal>0.0768749785</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>CIE DE SAINT-GOBAIN SA</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
        <title>CIE DE SAINT-GOBAIN SA</title>
        <cusip>F80343100</cusip>
        <identifiers>
          <isin value="FR0000125007"/>
          <ticker value="CODGF"/>
        </identifiers>
        <balance>128099</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>10541939.15</valUSD>
        <pctVal>0.1726977273</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>SWISS LIFE HLDG. AG</name>
        <lei>5493000KUC3Z24U77V93</lei>
        <title>SWISS LIFE HLDG. AG</title>
        <cusip>H8404J162</cusip>
        <identifiers>
          <isin value="CH0014852781"/>
          <ticker value="SWSDF"/>
        </identifiers>
        <balance>8195</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>8982242.02</valUSD>
        <pctVal>0.1471468162</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>EMS-CHEMIE HOLDING AG</name>
        <lei>529900G1XFTGSE0DIX60</lei>
        <title>EMS-CHEMIE HOLDING AG</title>
        <cusip>H22206199</cusip>
        <identifiers>
          <isin value="CH0016440353"/>
          <ticker value="EMSHF"/>
        </identifiers>
        <balance>2113</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>1649961.94</valUSD>
        <pctVal>0.0270296264</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>GECINA SA</name>
        <lei>9695003E4MMA10IBTR26</lei>
        <title>GECINA SA</title>
        <cusip>F4268U171</cusip>
        <identifiers>
          <isin value="FR0010040865"/>
          <ticker value="GECFF"/>
        </identifiers>
        <balance>13737</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1086214.41</valUSD>
        <pctVal>0.0177943315</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>HEINEKEN NV</name>
        <lei>724500K5PTPSST86UQ23</lei>
        <title>HEINEKEN NV</title>
        <cusip>N39427211</cusip>
        <identifiers>
          <isin value="NL0000009165"/>
          <ticker value="HINKF"/>
        </identifiers>
        <balance>82435</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6343648.53</valUSD>
        <pctVal>0.1039214577</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>HEINEKEN HLDG. NV</name>
        <lei>724500M1WJLFM9TYBS04</lei>
        <title>HEINEKEN HLDG. NV</title>
        <cusip>N39338194</cusip>
        <identifiers>
          <isin value="NL0000008977"/>
          <ticker value="HKHHF"/>
        </identifiers>
        <balance>37946</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2714208.7</valUSD>
        <pctVal>0.0444640846</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>ESSILORLUXOTTICA SA</name>
        <lei>549300M3VH1A3ER1TB49</lei>
        <title>ESSILORLUXOTTICA SA</title>
        <cusip>F31665106</cusip>
        <identifiers>
          <isin value="FR0000121667"/>
          <ticker value="ESLOF"/>
        </identifiers>
        <balance>87218</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>20298702.32</valUSD>
        <pctVal>0.3325327255</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>SONOVA HOLDING AG CHF0.05</name>
        <lei>5299004A0QNX7FBNHS61</lei>
        <title>SONOVA HOLDING AG CHF0.05</title>
        <cusip>H8024W106</cusip>
        <identifiers>
          <isin value="CH0012549785"/>
          <ticker value="SONVF"/>
        </identifiers>
        <balance>15109</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>3424805.22</valUSD>
        <pctVal>0.0561050552</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>KLEPIERRE SA</name>
        <lei>969500PB4U31KEFHZ621</lei>
        <title>KLEPIERRE SA</title>
        <cusip>F5396X102</cusip>
        <identifiers>
          <isin value="FR0000121964"/>
          <ticker value="KLPEF"/>
        </identifiers>
        <balance>62721</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2364020.37</valUSD>
        <pctVal>0.0387273100</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>MATSUKIYOCOCOKARA &amp; CO</name>
        <lei>N/A</lei>
        <title>MATSUKIYOCOCOKARA &amp; CO</title>
        <cusip>J41208109</cusip>
        <identifiers>
          <isin value="JP3869010003"/>
          <ticker value="MSMKF"/>
        </identifiers>
        <balance>97600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1559690.32</valUSD>
        <pctVal>0.0255507995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EQUINOR ASA</name>
        <lei>OW6OFBNCKXC4US5C7523</lei>
        <title>EQUINOR ASA</title>
        <cusip>R2R90P103</cusip>
        <identifiers>
          <isin value="NO0010096985"/>
          <ticker value="STOHF"/>
        </identifiers>
        <balance>220429</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6829"/>
        <valUSD>9329903.5</valUSD>
        <pctVal>0.1528421960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SONY FINL. HLDGS. INC</name>
        <lei>353800O7BDSU41WOZA60</lei>
        <title>SONY FINL. HLDGS. INC</title>
        <cusip>J7639Z106</cusip>
        <identifiers>
          <isin value="JP3435350008"/>
          <ticker value="8729"/>
        </identifiers>
        <balance>1770600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>1612993.19</valUSD>
        <pctVal>0.0264240055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IBERDROLA SA</name>
        <lei>5QK37QC7NWOJ8D7WVQ45</lei>
        <title>IBERDROLA SA</title>
        <cusip>E6165F166</cusip>
        <identifiers>
          <isin value="ES0144580Y14"/>
          <ticker value="IBDSF"/>
        </identifiers>
        <balance>1864727</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>42806159.35</valUSD>
        <pctVal>0.7012492036</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAIXABANK SA</name>
        <lei>7CUNS533WID6K7DGFI87</lei>
        <title>CAIXABANK SA</title>
        <cusip>E2427M123</cusip>
        <identifiers>
          <isin value="ES0140609019"/>
          <ticker value="CIXPF"/>
        </identifiers>
        <balance>1118840</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>13424282.6</valUSD>
        <pctVal>0.2199161902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWATCH GRP. AG/THE</name>
        <lei>529900NTES2LEON1JZ55</lei>
        <title>SWATCH GRP. AG/THE</title>
        <cusip>H83949141</cusip>
        <identifiers>
          <isin value="CH0012255151"/>
          <ticker value="SWGAF"/>
        </identifiers>
        <balance>8859</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>1969342.43</valUSD>
        <pctVal>0.0322617079</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>LONZA GRP. AG</name>
        <lei>549300EFW4H2TCZ71055</lei>
        <title>LONZA GRP. AG</title>
        <cusip>H50524133</cusip>
        <identifiers>
          <isin value="CH0013841017"/>
          <ticker value="LZAGF"/>
        </identifiers>
        <balance>20270</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>12968526.61</valUSD>
        <pctVal>0.2124500094</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>BUREAU VERITAS SA</name>
        <lei>969500TPU5T3HA5D1F11</lei>
        <title>BUREAU VERITAS SA</title>
        <cusip>F96888114</cusip>
        <identifiers>
          <isin value="FR0006174348"/>
          <ticker value="BVRDF"/>
        </identifiers>
        <balance>99448</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2987359.6</valUSD>
        <pctVal>0.0489388343</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>MACQUARIE GRP. LTD</name>
        <lei>ACMHD8HWFMFUIQQ8Y590</lei>
        <title>MACQUARIE GRP. LTD</title>
        <cusip>Q57085286</cusip>
        <identifiers>
          <isin value="AU000000MQG1"/>
          <ticker value="MCQEF"/>
        </identifiers>
        <balance>104416</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>14814583.1</valUSD>
        <pctVal>0.2426920508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELECOM ITALIA SPA/MILANO</name>
        <lei>549300W384M3RI3VXU42</lei>
        <title>TELECOM ITALIA SPA/MILANO</title>
        <cusip>T92778108</cusip>
        <identifiers>
          <isin value="IT0003497168"/>
          <ticker value="TIAOF"/>
        </identifiers>
        <balance>3498769</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2450643.73</valUSD>
        <pctVal>0.0401463712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2415543.820000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELECOM ITALIA SPA/MILANO</name>
        <lei>549300W384M3RI3VXU42</lei>
        <title>TELECOM ITALIA SPA/MILANO</title>
        <cusip>T92778124</cusip>
        <identifiers>
          <isin value="IT0003497176"/>
          <ticker value="TIAJF"/>
        </identifiers>
        <balance>1680259</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1387850.42</valUSD>
        <pctVal>0.0227357235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COVIVIO SA/FRANCE</name>
        <lei>969500P8M3W2XX376054</lei>
        <title>COVIVIO SA/FRANCE</title>
        <cusip>F2R22T119</cusip>
        <identifiers>
          <isin value="FR0000064578"/>
          <ticker value="GSEFF"/>
        </identifiers>
        <balance>15848</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>947504.06</valUSD>
        <pctVal>0.0155219828</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>EDP RENOVAVEIS SA</name>
        <lei>529900MUFAH07Q1TAX06</lei>
        <title>EDP RENOVAVEIS SA</title>
        <cusip>E3847K101</cusip>
        <identifiers>
          <isin value="ES0127797019"/>
          <ticker value="EDRVF"/>
        </identifiers>
        <balance>92866</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1485966.66</valUSD>
        <pctVal>0.0243430607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YARA INTL. ASA</name>
        <lei>213800WKOUWXWFJ5Z514</lei>
        <title>YARA INTL. ASA</title>
        <cusip>R9900C106</cusip>
        <identifiers>
          <isin value="NO0010208051"/>
          <ticker value="YRAIF"/>
        </identifiers>
        <balance>46465</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.6829"/>
        <valUSD>2704731.56</valUSD>
        <pctVal>0.0443088303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUMITOMO MITSUI TRUST GRO</name>
        <lei>353800P843RLCDBLNT17</lei>
        <title>SUMITOMO MITSUI TRUST GRO</title>
        <cusip>J7772M102</cusip>
        <identifiers>
          <isin value="JP3892100003"/>
          <ticker value="CMTDF"/>
        </identifiers>
        <balance>181938</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>5789804.67</valUSD>
        <pctVal>0.0948484044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARGENX SE</name>
        <lei>7245009C5FZE6G9ODQ71</lei>
        <title>ARGENX SE</title>
        <cusip>N0610Q109</cusip>
        <identifiers>
          <isin value="NL0010832176"/>
          <ticker value="ARGNF"/>
        </identifiers>
        <balance>17825</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>12987484.67</valUSD>
        <pctVal>0.2127605798</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>NORDEA BANK ABP</name>
        <lei>529900ODI3047E2LIV03</lei>
        <title>NORDEA BANK ABP</title>
        <cusip>X5S8VL105</cusip>
        <identifiers>
          <isin value="FI4000297767"/>
          <ticker value="NBNKF"/>
        </identifiers>
        <balance>891718</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>15348827.34</valUSD>
        <pctVal>0.2514440238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALCON AG</name>
        <lei>549300LDT5AP8S0NBM78</lei>
        <title>ALCON AG</title>
        <cusip>H01301128</cusip>
        <identifiers>
          <isin value="CH0432492467"/>
          <ticker value="ALC"/>
        </identifiers>
        <balance>144021</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>10804583.92</valUSD>
        <pctVal>0.1770003659</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>AIRTEL AFRICA PLC</name>
        <lei>254900ZNZDQL6OWQH623</lei>
        <title>AIRTEL AFRICA PLC</title>
        <cusip>G01415101</cusip>
        <identifiers>
          <isin value="GB00BKDRYJ47"/>
          <ticker value="AAFRF"/>
        </identifiers>
        <balance>277213</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>1278854.28</valUSD>
        <pctVal>0.0209501520</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>ADDTECH AB</name>
        <lei>549300QZ5U2IDRHPWL60</lei>
        <title>ADDTECH AB</title>
        <cusip>W4260L147</cusip>
        <identifiers>
          <isin value="SE0014781795"/>
          <ticker value="ADDTF"/>
        </identifiers>
        <balance>76422</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>2596685.81</valUSD>
        <pctVal>0.0425388281</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>ADIDAS AG NPV</name>
        <lei>549300JSX0Z4CW0V5023</lei>
        <title>ADIDAS AG NPV</title>
        <cusip>D0066B185</cusip>
        <identifiers>
          <isin value="DE000A1EWWW0"/>
          <ticker value="ADDDF"/>
        </identifiers>
        <balance>49140</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>7743784.08</valUSD>
        <pctVal>0.1268584358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXON CO LTD</name>
        <lei>5299005SFO0GAJFLKN43</lei>
        <title>NEXON CO LTD</title>
        <cusip>J4914X104</cusip>
        <identifiers>
          <isin value="JP3758190007"/>
          <ticker value="NEXOF"/>
        </identifiers>
        <balance>112000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
        <valUSD>2110970.95</valUSD>
        <pctVal>0.0345818621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADYEN NV</name>
        <lei>724500973ODKK3IFQ447</lei>
        <title>ADYEN NV</title>
        <cusip>N3501V104</cusip>
        <identifiers>
          <isin value="NL0012969182"/>
          <ticker value="ADYYF"/>
        </identifiers>
        <balance>7415</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>7419810.43</valUSD>
        <pctVal>0.1215511093</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>ENDEAVOUR MINING PLC</name>
        <lei>529900NI5MXQ91GHXR07</lei>
        <title>ENDEAVOUR MINING PLC</title>
        <cusip>G3042J105</cusip>
        <identifiers>
          <isin value="GB00BL6K5J42"/>
          <ticker value="EDVMF"/>
        </identifiers>
        <balance>58052</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>3514465.84</valUSD>
        <pctVal>0.0575738728</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>LOTTERY CORP LTD/THE</name>
        <lei>N/A</lei>
        <title>LOTTERY CORP LTD/THE</title>
        <cusip>Q56337100</cusip>
        <identifiers>
          <isin value="AU0000219529"/>
          <ticker value="LTRCF"/>
        </identifiers>
        <balance>640584</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>2387609.82</valUSD>
        <pctVal>0.0391137516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GSK PLC</name>
        <lei>5493000HZTVUYLO1D793</lei>
        <title>GSK PLC</title>
        <cusip>G3910J179</cusip>
        <identifiers>
          <isin value="GB00BN7SWP63"/>
          <ticker value="GLAXF"/>
        </identifiers>
        <balance>1181952</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>32414866.33</valUSD>
        <pctVal>0.5310193567</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>FUTU HLDGS. LTD ADR</name>
        <lei>213800X4W4ZRESFPTQ37</lei>
        <title>FUTU HLDGS. LTD ADR</title>
        <cusip>36118L106</cusip>
        <identifiers>
          <isin value="US36118L1061"/>
          <ticker value="FUTU"/>
        </identifiers>
        <balance>16438</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2248060.88</valUSD>
        <pctVal>0.0368276651</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>ATLAS COPCO AB</name>
        <lei>213800T8PC8Q4FYJZR07</lei>
        <title>ATLAS COPCO AB</title>
        <cusip>W1R924229</cusip>
        <identifiers>
          <isin value="SE0017486897"/>
          <ticker value="ATLFF"/>
        </identifiers>
        <balance>447045</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>6945941.31</valUSD>
        <pctVal>0.1137881998</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>MICHELIN(CIE GLE DES ETAB</name>
        <lei>549300SOSI58J6VIW052</lei>
        <title>MICHELIN(CIE GLE DES ETAB</title>
        <cusip>F61824870</cusip>
        <identifiers>
          <isin value="FR001400AJ45"/>
          <ticker value="MGDDF"/>
        </identifiers>
        <balance>193084</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>6574960.22</valUSD>
        <pctVal>0.1077107988</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>HALEON PLC</name>
        <lei>549300PSB3WWEODCUP19</lei>
        <title>HALEON PLC</title>
        <cusip>G4232K100</cusip>
        <identifiers>
          <isin value="GB00BMX86B70"/>
          <ticker value="HLNCF"/>
        </identifiers>
        <balance>2576920</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>12755567.76</valUSD>
        <pctVal>0.2089613240</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>BANCA MONTE DEI PASCHI DI</name>
        <lei>J4CP7MHCXR8DAQMKIL78</lei>
        <title>BANCA MONTE DEI PASCHI DI</title>
        <cusip>T1188K429</cusip>
        <identifiers>
          <isin value="IT0005508921"/>
          <ticker value="BMDPF"/>
        </identifiers>
        <balance>589096</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>5132894.56</valUSD>
        <pctVal>0.0840869229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIEMENS ENERGY AG</name>
        <lei>5299005CHJZ14D4FDJ62</lei>
        <title>SIEMENS ENERGY AG</title>
        <cusip>D6T47E106</cusip>
        <identifiers>
          <isin value="DE000ENER6Y0"/>
          <ticker value="SMEGF"/>
        </identifiers>
        <balance>224745</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>36987530.79</valUSD>
        <pctVal>0.6059286071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STRAUMANN HLDG. AG</name>
        <lei>50670046ML5FVIM60Z37</lei>
        <title>STRAUMANN HLDG. AG</title>
        <cusip>H8300N127</cusip>
        <identifiers>
          <isin value="CH1175448666"/>
          <ticker value="SAUHF"/>
        </identifiers>
        <balance>31476</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>3283620.8</valUSD>
        <pctVal>0.0537921763</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>NATWEST GROUP PLC</name>
        <lei>2138005O9XJIJN4JPN90</lei>
        <title>NATWEST GROUP PLC</title>
        <cusip>G6422B147</cusip>
        <identifiers>
          <isin value="GB00BM8PJY71"/>
          <ticker value="RBSPF"/>
        </identifiers>
        <balance>2315009</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>17177489.52</valUSD>
        <pctVal>0.2814011121</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>LINK REIT</name>
        <lei>529900XUE70U36QX5M62</lei>
        <title>LINK REIT</title>
        <cusip>Y5281M111</cusip>
        <identifiers>
          <isin value="HK0823032773"/>
          <ticker value="LKREF"/>
        </identifiers>
        <balance>742378</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.8412"/>
        <valUSD>3437256.19</valUSD>
        <pctVal>0.0563090266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="675816.840000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIBAIL-RODAMCO-WESTFIELD</name>
        <lei>969500SHQITWXSIS7N89</lei>
        <title>UNIBAIL-RODAMCO-WESTFIELD</title>
        <cusip>F95094581</cusip>
        <identifiers>
          <isin value="FR0013326246"/>
          <ticker value="UNBLF"/>
        </identifiers>
        <balance>35675</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>3987191.57</valUSD>
        <pctVal>0.0653180513</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>SIKA AG</name>
        <lei>549300R3N69ECGYPU434</lei>
        <title>SIKA AG</title>
        <cusip>H7631K273</cusip>
        <identifiers>
          <isin value="CH0418792922"/>
          <ticker value="SKFOF"/>
        </identifiers>
        <balance>44940</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".7996"/>
        <valUSD>7473942.86</valUSD>
        <pctVal>0.1224379052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KNORR-BREMSE AG</name>
        <lei>5299001GRRO0Z25YZT52</lei>
        <title>KNORR-BREMSE AG</title>
        <cusip>D4S43E114</cusip>
        <identifiers>
          <isin value="DE000KBX1006"/>
          <ticker value="KNBHF"/>
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        <valUSD>2382422.5</valUSD>
        <pctVal>0.0390287731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EUROFINS SCIENTIFIC SE</name>
        <lei>529900JEHFM47DYY3S57</lei>
        <title>EUROFINS SCIENTIFIC SE</title>
        <cusip>L31839134</cusip>
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          <isin value="FR0014000MR3"/>
          <ticker value="ERFSF"/>
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        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2491241.77</valUSD>
        <pctVal>0.0408114471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHELL PLC</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>SHELL PLC</title>
        <cusip>G80827101</cusip>
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          <isin value="GB00BP6MXD84"/>
          <ticker value="RYDAF"/>
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        <balance>1652022</balance>
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        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>77144164.17</valUSD>
        <pctVal>1.2637733567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FASTIGHETS AB BALDER</name>
        <lei>549300GHKJCEZOAEUU82</lei>
        <title>FASTIGHETS AB BALDER</title>
        <cusip>W2951M127</cusip>
        <identifiers>
          <isin value="SE0017832488"/>
          <ticker value="BALDF"/>
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        <balance>207976</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
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        <pctVal>0.0200377926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SCHRODERS PLC</name>
        <lei>2138001YYBULX5SZ2H24</lei>
        <title>SCHRODERS PLC</title>
        <cusip>G78602144</cusip>
        <identifiers>
          <isin value="GB00BP9LHF23"/>
          <ticker value="SHNWF"/>
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        <balance>215137</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>1640395.4</valUSD>
        <pctVal>0.0268729077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EXOR NV</name>
        <lei>5493002ENHZ6NYET7405</lei>
        <title>EXOR NV</title>
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        <identifiers>
          <isin value="NL0012059018"/>
          <ticker value="EXXRF"/>
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        <balance>27497</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>2107420</valUSD>
        <pctVal>0.0345236905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AVIVA PLC</name>
        <lei>YF0Y5B0IB8SM0ZFG9G81</lei>
        <title>AVIVA PLC</title>
        <cusip>G0683Q158</cusip>
        <identifiers>
          <isin value="GB00BPQY8M80"/>
          <ticker value="AIVAF"/>
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        <balance>876403</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7555152"/>
        <valUSD>6981000.91</valUSD>
        <pctVal>0.1143625451</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>
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      </invstOrSec>
      <invstOrSec>
        <name>ATLAS COPCO AB</name>
        <lei>213800T8PC8Q4FYJZR07</lei>
        <title>ATLAS COPCO AB</title>
        <cusip>W1R924252</cusip>
        <identifiers>
          <isin value="SE0017486889"/>
          <ticker value="ATLPF"/>
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        <balance>777541</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.46665"/>
        <valUSD>13676143.93</valUSD>
        <pctVal>0.2240421749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WOODSIDE ENERGY GROUP LTD</name>
        <lei>2549005ZC5RXAOO7FH41</lei>
        <title>WOODSIDE ENERGY GROUP LTD</title>
        <cusip>Q98327333</cusip>
        <identifiers>
          <isin value="AU0000224040"/>
          <ticker value="WOPEF"/>
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        <balance>547931</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4493803"/>
        <valUSD>13068469.28</valUSD>
        <pctVal>0.2140872672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DR ING HC F PORSCHE AG</name>
        <lei>529900EWEX125AULXI58</lei>
        <title>DR ING HC F PORSCHE AG</title>
        <cusip>D2R3HA114</cusip>
        <identifiers>
          <isin value="DE000PAG9113"/>
          <ticker value="DRPRF"/>
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        <balance>33533</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8651641"/>
        <valUSD>1502778.5</valUSD>
        <pctVal>0.0246184718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CURRENCY CONTRACT - JPY</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - JPY</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="CCTJPY__07591156_1721961"/>
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        <balance>-2633215.58</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-573.43</valUSD>
        <pctVal>-0.0000093939</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>JPMORGAN CHASE BANK</counterpartyName>
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            <amtCurSold>-2633215.58</amtCurSold>
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            <settlementDt>2026-06-17</settlementDt>
            <unrealizedAppr>-573.43</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CURRENCY CONTRACT - SEK</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - SEK</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="CCTSEK__07591150_1721961"/>
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        <balance>-1294836.69</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-24305.25</valUSD>
        <pctVal>-0.0003981679</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MORGAN STANLEY AND CO</counterpartyName>
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            <amtCurSold>-1294836.69</amtCurSold>
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            <settlementDt>2026-06-17</settlementDt>
            <unrealizedAppr>-24305.25</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="CCTUSD__07591121_1721961"/>
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        <balance>-1200000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>TORONTO-DOMINION BANK</counterpartyName>
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            <amtCurSold>-1200000</amtCurSold>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="CCTUSD__07591123_1721961"/>
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        <balance>-2100000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0"/>
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        <pctVal>-0.0000015835</pctVal>
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        <assetCat>DFE</assetCat>
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        <invCountry>XX</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="CCTUSD__07591140_1721961"/>
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        <balance>-6450000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
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        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>UBS AG STAMFORD BRANCH</counterpartyName>
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      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
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        <balance>-1692000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="0"/>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
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              <counterpartyName>BANK OF MONTREAL</counterpartyName>
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      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
        <lei>N/A</lei>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CURRENCY CONTRACT - USD</name>
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        <name>CURRENCY CONTRACT - USD</name>
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      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
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        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
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      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
        <lei>N/A</lei>
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          <isin value="N/A"/>
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              <counterpartyName>JPMORGAN CHASE BANK</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>CURRENCY CONTRACT - USD</name>
        <lei>N/A</lei>
        <title>CURRENCY CONTRACT - USD</title>
        <cusip>000000000</cusip>
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          <isin value="N/A"/>
          <other otherDesc="NT_ID" value="CCTUSD__07593068_1721961"/>
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        <balance>-770000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="0"/>
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        <invCountry>XX</invCountry>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>CITIBANK NA LONDON</counterpartyName>
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            <amtCurSold>-770000000</amtCurSold>
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            <unrealizedAppr>-26362.19</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
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      <invstOrSec>
        <name>Northern Institutional Liquid Asset Portfolio</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Institutional Liquid Asset Portfolio</title>
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          <isin value="US6652791053"/>
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        <balance>6102378.8</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="6102378.800000000000" isCashCollateral="Y"/>
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      </invstOrSec>
      <invstOrSec>
        <name>EUREXDEU</name>
        <lei>N/A</lei>
        <title>FUT. EURX E-STXX JUN26</title>
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          <isin value="US02052FAB58"/>
          <ticker value="VGM6"/>
          <other otherDesc="NT_ID" value="9N3FHKU"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.8651641"/>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>Eurex</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <indexBasketInfo>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>LIFFE</name>
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        <cusip>02052FAB5</cusip>
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          <isin value="US02052FAB58"/>
          <ticker value="Z M6"/>
          <other otherDesc="NT_ID" value="9N3BV0U"/>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Futures Europe</counterpartyName>
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            <payOffProf>Long</payOffProf>
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      </invstOrSec>
      <invstOrSec>
        <name>HKFE</name>
        <lei>N/A</lei>
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        <cusip>02052FAB5</cusip>
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          <isin value="US02052FAB58"/>
          <ticker value="HIJ6"/>
          <other otherDesc="NT_ID" value="9N6FT2U"/>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>Hong Kong Futures Exchange</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <indexBasketInfo>
                <indexName>HONG KONG FUTURES EXCHANGE</indexName>
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            <expDate>2026-04-29</expDate>
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            <curCd>HKD</curCd>
            <unrealizedAppr>-13427.26</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE</name>
        <lei>N/A</lei>
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          <isin value="US02052FAB58"/>
          <ticker value="MFSM6"/>
          <other otherDesc="NT_ID" value="9M16ZRU"/>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>ICE Futures US futures</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <indexBasketInfo>
                <indexName>ICE MSCI EAF Futures</indexName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKYOEX</name>
        <lei>N/A</lei>
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          <isin value="US02052FAB58"/>
          <ticker value="TPM6"/>
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        <currencyConditional curCd="JPY" exchangeRt="158.705"/>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>Tokyo Futures Exchange</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <indexBasketInfo>
                <indexName>Tokyo Price Index</indexName>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>SFE</name>
        <lei>N/A</lei>
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          <isin value="US02052FAB58"/>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Sydney Futures Exchange</counterpartyName>
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            <payOffProf>Long</payOffProf>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Northern Funds</ncom:nameOfApplicant>
      <ncom:signature>Randal E. Rein </ncom:signature>
      <ncom:signerName>Randal E. Rein </ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
