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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LG HELLOVISION CORP</name>
        <lei>N/A</lei>
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          <isin value="KR7037560000"/>
          <ticker value="037560"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hirata Corporation</name>
        <lei>35380029GYVBXAH9T342</lei>
        <title>Hirata Corporation NPV</title>
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          <isin value="JP3795300007"/>
          <ticker value="6258"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NISSO HOLDINGS CO LTD</name>
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          <isin value="JP3679880009"/>
          <ticker value="9332"/>
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        <fairValLevel>2</fairValLevel>
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        <name>TENCENT HOLDINGS LTD</name>
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          <isin value="KYG875721634"/>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>H WORLD GROUP LTD</name>
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        <title>H World Group Ltd. SPONSORED ADS</title>
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          <isin value="US44332N1063"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Toyota Tsusho Corp.</name>
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        <title>Toyota Tsusho Corp. NPV</title>
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          <isin value="JP3635000007"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EUGENE TECHNOLOGY CO LTD</name>
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          <isin value="KR7084370006"/>
          <ticker value="084370"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tokyo Electron Ltd.</name>
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        <title>Tokyo Electron Ltd. NPV</title>
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          <isin value="JP3571400005"/>
          <ticker value="8035"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Okeanis Eco Tankers Corp</name>
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        <assetCat>EC</assetCat>
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        <invCountry>MH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>PERFECT WORLD CO LTD</name>
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        <title>Perfect World Co Ltd. 'A'CNY1</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Brother Industries Ltd</name>
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        <title>Brother Industries Ltd NPV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ENNOCONN CORP</name>
        <lei>N/A</lei>
        <title>Ennoconn Corporation TWD10</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Rio Tinto PLC</name>
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        <title>Rio Tinto PLC ORD GBP0.10</title>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Axell Corp</name>
        <lei>N/A</lei>
        <title>Axell Corp NPV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>China Taiping Insurance Holdings Co Ltd.</name>
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          <ticker value="966"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Intellect Design Arena Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TAIWAN PURITIC CORP</name>
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        <title>Taiwan Puritic Corp. TWD10</title>
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        <fairValLevel>2</fairValLevel>
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        <name>OceanaGold Corp.</name>
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        <title>OceanaGold Corp. COM NEW</title>
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        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>MITSUBISHI RESEARCH INSTITUTE INC</name>
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        <title>Mitsubishi Research Institute Inc. NPV</title>
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          <ticker value="3636"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Tele2 AB (publ)</name>
        <lei>213800EKD193RVI9HL76</lei>
        <title>Tele2 AB (publ) SER'B'NPV</title>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Dubai Investments PJSC</name>
        <lei>N/A</lei>
        <title>Dubai Investments PJSC AED1</title>
        <cusip>000000000</cusip>
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          <ticker value="DIC"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>YOKOWO COMPANY LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bavarian Nordic A/S</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BEACON MINERALS LTD</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Denso Corp.</name>
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          <isin value="JP3551500006"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RADIANT OPTO-ELECTRONICS CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INDOSAT Tbk, PT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JK HOLDINGS COMPANY LTD</name>
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          <isin value="JP3389570007"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MPI CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TES Co Ltd</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bank Leumi Le-Israel BM</name>
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        <invCountry>IL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AIA Group Ltd, Hong Kong</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Telefonaktiebolaget LM Ericsson (publ)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tsubakimoto Chain Co</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PAX GLOBAL TECHNOLOGY LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Italgas SpA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Technoflex Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Super Group Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ZHEN DING TECHNOLOGY HOLDING LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Lundin Mining Corp</name>
        <lei>549300FQDIM6C8HTN269</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Emirates NBD Bank PJSC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JACOBSON PHARMA CORP LTD</name>
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        <name>Erste Group Bank AG</name>
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        <name>Bank Hapoalim BM</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Costain Group Plc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Telia Company AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ChangJiang JingGong Steel Building (Group) Co Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Adyen NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>XIAMEN XIANGYU CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Anora Group Oyj</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Titan SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Indian Oil Corp Ltd.</name>
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        <name>Kirloskar Ind Ltd</name>
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        <name>SOUTHERN PUBLISHING AND MEDIA CO LTD</name>
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        <name>Qingdao Ainnovation Technology Group Co LTD</name>
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        <name>Mitsubishi Materials Corp.</name>
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        <name>Toli Corp</name>
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        <name>Groupe Bruxelles Lambert SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Deutsche Boerse AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ISHARES INC</name>
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        <title>iShares Trust MSCI EMG MKT ETF</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Banca Mediolanum SpA</name>
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        <name>Quebecor Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PTT Exploration &amp; Production Public Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JASPER INFOTECH PRIVATE LTD.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Alps Alpine Co Ltd.</name>
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          <isin value="JP3126400005"/>
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        <fairValLevel>2</fairValLevel>
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        <name>SK Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAMUDERA INDONESIA TBK PT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>G-BITS NETWORK TECHNOLOGY (XIAMEN) CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NAVER Corp.</name>
        <lei>988400ULUQYDB2HQYJ61</lei>
        <title>NAVER Corp. KRW100</title>
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          <ticker value="035420"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Elecom Co., Ltd.</name>
        <lei>353800BXFUVR7EPC0G35</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>TA ANN HOLDINGS BHD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Paradox Interactive AB (publ)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Danone SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>B2Gold Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>PRO Medicus Ltd.</name>
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        <name>NGK Insulators Ltd</name>
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        <name>Sumitomo Electric Industries Ltd.</name>
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        <name>ZHEJIANG SEMIR GARMENT CO LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Perusahaan Gas Negara Persero Tbk</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ADARO ANDALAN INDONESIA TBK PT</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MMC Norilsk Nickel Public Joint Stock Company</name>
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        <fairValLevel>3</fairValLevel>
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        <name>NIHON M&amp;A CENTER HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NN Group N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ALLIED GROUP LTD</name>
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          <isin value="HK0000650413"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Discovery Limited</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CEZ AS</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MONETA Money Bank AS</name>
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          <isin value="CZ0008040318"/>
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        <fairValLevel>2</fairValLevel>
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        <name>EN INC</name>
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          <isin value="JP3168700007"/>
          <ticker value="4849"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Toyo Kanetsu KK</name>
        <lei>353800EG0O6LMB2WP165</lei>
        <title>Toyo Kanetsu KK NPV</title>
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          <isin value="JP3554400006"/>
          <ticker value="6369"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABB Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bharat Petroleum Corp Ltd.</name>
        <lei>8GRDBX1TJ0PU5NCSHT72</lei>
        <title>Bharat Petroleum Corp Ltd. INR10</title>
        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Orion Oyj</name>
        <lei>74370029VAHCXDR7B745</lei>
        <title>Orion Oyj SER'A'NPV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>IMCD NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Tenaris SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Fortuna Mining Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sasol Ltd.</name>
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        <name>Icici Lombard Gen Insurance Co Ltd</name>
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        <name>SAMCHULLY COMPANY LTD</name>
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        <name>KANZHUN LTD</name>
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        <title>Kanzhun Limited SPONSORED ADS</title>
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        <name>Engie SA</name>
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        <title>Engie SA EUR1</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Fidelity Colchester Street Trust</name>
        <lei>549300SHPEJB1OPRCV46</lei>
        <title>Fidelity Colchester Street Trust MNY MRKT FDS I</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Pegatron Corp.</name>
        <lei>529900M87JQS8TUO0L66</lei>
        <title>Pegatron Corp. TWD10</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tencent Music Entertainment Group</name>
        <lei>213800XTZK2GOHQTYK41</lei>
        <title>Tencent Music Entertainment Group SPON ADS</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ryanair Holdings PLC</name>
        <lei>635400BR2ROC1FVEBQ56</lei>
        <title>Ryanair Holdings PLC SPONSORED ADR</title>
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        <curCd>USD</curCd>
        <valUSD>7900104.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KANAMOTO COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Kanamoto Co Ltd NPV</title>
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          <isin value="JP3215200001"/>
          <ticker value="9678"/>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ACE BED CO LTD</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="KR7003800000"/>
          <ticker value="003800"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maxell Ltd</name>
        <lei>N/A</lei>
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          <isin value="JP3791800000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tianma Microelectronics Co Ltd.</name>
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          <isin value="CNE000000HT1"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Shimano Inc.</name>
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        <title>Shimano Inc. NPV</title>
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          <isin value="JP3358000002"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Martinrea Intl Inc</name>
        <lei>5493004U3PUN21MLJG41</lei>
        <title>Martinrea Intl Inc COM NPV</title>
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          <isin value="CA5734591046"/>
          <ticker value="MRE"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HAP SENG PLANTATIONS HOLDINGS BHD</name>
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        <title>HAP Seng Plantatio MYR1</title>
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          <isin value="MYL5138OO002"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>The Toronto-Dominion Bank</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>The Toronto-Dominion Bank COM NPV</title>
        <cusip>891160509</cusip>
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          <isin value="CA8911605092"/>
          <ticker value="TD"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Snam S.p.A.</name>
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        <title>Snam S.p.A. NPV</title>
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          <isin value="IT0003153415"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Wartsila Oyj Abp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Sibanye-Stillwater Limited</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BUILD KING HOLDINGS LTD</name>
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        <title>Build King Holdings Limited HKD0.1</title>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Atlas Copco AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NIU Technologies</name>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>First Abu Dhabi Bank P.J.S.C</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Centerra Gold Inc</name>
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        <title>Centerra Gold Inc COM NPV</title>
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        <fairValLevel>1</fairValLevel>
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        <name>SMK Corp</name>
        <lei>N/A</lei>
        <title>SMK Corp NPV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Klepierre SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAMBO CORRUGATED BOARD CO LTD</name>
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        <title>Sambo Corrug-Board KRW500</title>
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        <invCountry>KR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Nucleus Software</name>
        <lei>335800N8NQ6E17EJOI96</lei>
        <title>Nucleus Software INR10</title>
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        <name>CES Energy Solutions Corp.</name>
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        <name>Mercadolibre Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ichikoh Industries Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lifull Co Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Heineken Holding N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Postal Savings Bank of China Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Fortum Oyj</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KPP Group Holdings Co Ltd .</name>
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        <name>First Resources Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Winbond Electronics Corp.</name>
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        <name>Ipsen SA</name>
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        <name>Advantest Corp.</name>
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        <name>PDD HOLDINGS INC</name>
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        <name>37 Interactive Entertainment Network Technology Group Co Ltd.</name>
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        <name>SBM Offshore NV</name>
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        <name>MPC Container Ships ASA</name>
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        <name>Minor International Public Co Ltd.</name>
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        <name>Wowprime Corp</name>
        <lei>N/A</lei>
        <title>Wowprime Corp TWD10</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Gerdau SA</name>
        <lei>254900YDV6SEQQPZVG24</lei>
        <title>Gerdau SA SPON ADR REP PFD</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Eagle High Plantations TBK PT</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Airtrip Corporation</name>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ABN AMRO Bank N.V.</name>
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          <isin value="NL0011540547"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sumitomo Corp.</name>
        <lei>V82KK8NH1P0JS71FJC05</lei>
        <title>Sumitomo Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3404600003"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TRIPUTRA AGRO PERSADA TBK PT</name>
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        <title>PT Triputra Agro Persada Tbk IDR100</title>
        <cusip>000000000</cusip>
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          <isin value="ID1000160302"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sekisui Kasei Co Ltd</name>
        <lei>N/A</lei>
        <title>Sekisui Kasei Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3419800002"/>
          <ticker value="4228"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BNK FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
        <title>BNK Financial Group Inc. KRW5000</title>
        <cusip>000000000</cusip>
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          <isin value="KR7138930003"/>
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          <other otherDesc="SEDOL" value="B3S98W7"/>
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        <assetCat>EC</assetCat>
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        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>China Airlines Ltd.</name>
        <lei>25490032B2A0G6D0JP27</lei>
        <title>China Airlines Ltd. TWD10</title>
        <cusip>000000000</cusip>
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          <isin value="TW0002610003"/>
          <ticker value="2610"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONO Pharmaceutical Co Ltd</name>
        <lei>529900G26L4NG4GFJZ86</lei>
        <title>ONO Pharmaceutical Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3197600004"/>
          <ticker value="4528"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Galp Energia SGPS SA</name>
        <lei>2138003319Y7NM75FG53</lei>
        <title>Galp Energia SGPS SA EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="PTGAL0AM0009"/>
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        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Nuvoton Technology Corporation</name>
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        <title>Nuvoton Technology Corporation TWD10</title>
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          <isin value="TW0004919006"/>
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        <invCountry>TW</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Orlen SA</name>
        <lei>259400VVMM70CQREJT74</lei>
        <title>Orlen SA PLN1.25</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TKH Group NV</name>
        <lei>7245008G22FOV7TYYJ34</lei>
        <title>TKH Group NV CVA EUR0.25</title>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>DELFI LTD</name>
        <lei>N/A</lei>
        <title>Delfi Limited NPV</title>
        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Goldman Sachs Trust</name>
        <lei>S2FHCT8U6D2VORP0J605</lei>
        <title>Goldman Sachs Financial Square Government Fund</title>
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          <ticker value="FGTXX"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Aurubis AG</name>
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        <title>Aurubis AG NPV</title>
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          <isin value="DE0006766504"/>
          <ticker value="NDA"/>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Boliden AB</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SEA LTD</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>Sea Ltd. SPONSORD ADS</title>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>NEOJAPAN INC</name>
        <lei>N/A</lei>
        <title>Neo Japan Inc NPV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Firstrand Ltd</name>
        <lei>529900XYOP8CUZU7R671</lei>
        <title>Firstrand Ltd ZAR0.01</title>
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          <ticker value="FSR"/>
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        <invCountry>ZA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>CREDICORP LTD</name>
        <lei>529900UYAEYQCQ2BKB17</lei>
        <title>Credicorp Ltd. COM USD5</title>
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          <ticker value="BAP"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>COSTAMARE INC</name>
        <lei>5299003L6NPTZ25LN818</lei>
        <title>Costamare Inc. COM USD0.0001</title>
        <cusip>000000000</cusip>
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          <ticker value="CMRE"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>
        
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        <fairValLevel>1</fairValLevel>
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        <name>Enghouse Systems Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Arcadyan Technology Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Digital Hearts Holdings Co Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Japfa Comfeed Indonesia Tbk PT</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TOCHIGI BANK LTD (THE)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Daihatsu Infinearth Manufacturing Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NITTO SEIKO CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BANK OCBC NISP Tbk, PT</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LOTTE HIMART CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Logitech International SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vector Inc.</name>
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        <title>Vector Inc. NPV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Coal India Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hexing Electrical Co Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Banco Bilbao Vizcaya Argentaria SA</name>
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        <name>Endesa SA - Empresa Nacional Electricidad</name>
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        <name>Indorama Synthetic</name>
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        <name>Israel Discount Bank Ltd.</name>
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        <name>SILICON MOTION TECHNOLOGY CORP</name>
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        <title>Silicon Motion Technology Corp. SPONSORED ADR</title>
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        <name>Sumitomo Metal Mining Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Enerflex Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Guangdong Lyric Robot Automation Co Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Asseco Poland SA</name>
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          <isin value="PLSOFTB00016"/>
          <ticker value="ACP"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BEIJING YUANLONG YATO CULTURE DISSEMINATION CO LTD</name>
        <lei>N/A</lei>
        <title>Beijing Yuanlong Yato Culture Disse A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002Q74"/>
          <ticker value="002878"/>
          <other otherDesc="SEDOL" value="BP92QF8"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ryobi Ltd</name>
        <lei>N/A</lei>
        <title>Ryobi Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3975800008"/>
          <ticker value="5851"/>
          <other otherDesc="SEDOL" value="6762906"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Xtb SA</name>
        <lei>259400AVUPSABLEXNT19</lei>
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        <cusip>000000000</cusip>
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          <isin value="PLXTRDM00011"/>
          <ticker value="XTB"/>
          <other otherDesc="SEDOL" value="BZ059D5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Skyworth Group Ltd</name>
        <lei>529900LRFQSJWSSXY627</lei>
        <title>Skyworth Group Ltd HKD0.10</title>
        <cusip>000000000</cusip>
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          <isin value="BMG8181C1001"/>
          <ticker value="751"/>
          <other otherDesc="SEDOL" value="6228828"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KGHM Polska Miedz SA</name>
        <lei>G30CO71KTT9JDYJESN22</lei>
        <title>KGHM Polska Miedz SA PLN10.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PLKGHM000017"/>
          <ticker value="KGH"/>
          <other otherDesc="SEDOL" value="5263251"/>
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        <currencyConditional curCd="PLN" exchangeRt="3.71220000"/>
        <valUSD>2424932.80000000</valUSD>
        <pctVal>0.233031705624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DISCO CORP</name>
        <lei>N/A</lei>
        <title>DISCO Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3548600000"/>
          <ticker value="6146"/>
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        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Galderma Group AG</name>
        <lei>89450001OK6O8ELQ4584</lei>
        <title>Galderma Group AG CHF0.01</title>
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          <isin value="CH1335392721"/>
          <ticker value="GALD"/>
          <other otherDesc="SEDOL" value="BRC2T72"/>
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        <balance>9728.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.79960000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CMOC Group Limited</name>
        <lei>2549008KG3638J59U652</lei>
        <title>CMOC Group Limited 'H'CNY0.2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100000114"/>
          <ticker value="3993"/>
          <other otherDesc="SEDOL" value="B1VRCG6"/>
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        <balance>1248000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Petroleo Brasileiro SA</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>Petroleo Brasileiro SA SPONSORED ADR</title>
        <cusip>71654V408</cusip>
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          <isin value="US71654V4086"/>
          <ticker value="PBR"/>
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        <balance>299025.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6204768.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Phoenix Financial Ltd.</name>
        <lei>254900IUA68QTCFYHE30</lei>
        <title>Phoenix Financial Ltd. ILS1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0007670123"/>
          <ticker value="PHOE"/>
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        <balance>679.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="3.14430000"/>
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        <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>
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      <invstOrSec>
        <name>VATTI CORP LTD</name>
        <lei>N/A</lei>
        <title>Vatti Corporation 'A'CNY1 .</title>
        <cusip>000000000</cusip>
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          <isin value="CNE000001KY3"/>
          <ticker value="002035"/>
          <other otherDesc="SEDOL" value="BD73L09"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Blue Bird Tbk Pt</name>
        <lei>N/A</lei>
        <title>Blue Bird Tbk Pt IDR100</title>
        <cusip>000000000</cusip>
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          <isin value="ID1000132707"/>
          <ticker value="BIRD"/>
          <other otherDesc="SEDOL" value="BRJ6FX5"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Opple Lighting Co Ltd</name>
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        <title>Opple Lighting Co Ltd A CNY1</title>
        <cusip>000000000</cusip>
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          <ticker value="603515"/>
          <other otherDesc="SEDOL" value="BYW5N56"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sibanye-Stillwater Limited</name>
        <lei>378900F238434B74D281</lei>
        <title>Sibanye-Stillwater Limited SPONSORED ADR</title>
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          <isin value="US82575P1075"/>
          <ticker value="SBSW"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>MediaTek Inc.</name>
        <lei>254900UEGBK1I4DM4E14</lei>
        <title>MediaTek Inc. TWD10</title>
        <cusip>000000000</cusip>
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          <isin value="TW0002454006"/>
          <ticker value="2454"/>
          <other otherDesc="SEDOL" value="6372480"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASML Holding N.V.</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML Holding N.V. EUR0.09</title>
        <cusip>000000000</cusip>
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          <ticker value="ASML"/>
          <other otherDesc="SEDOL" value="B929F46"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BHP Group Ltd.</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP Group Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000BHP4"/>
          <ticker value="BHP"/>
          <other otherDesc="SEDOL" value="6144690"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MARUFUJI SHEET PILING CO LTD</name>
        <lei>N/A</lei>
        <title>Marufuji Sheetpile NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3877200000"/>
          <ticker value="8046"/>
          <other otherDesc="SEDOL" value="6569516"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Semitec Corp</name>
        <lei>N/A</lei>
        <title>Semitec Corp NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3423350002"/>
          <ticker value="6626"/>
          <other otherDesc="SEDOL" value="B5N6L06"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KBC Group NV</name>
        <lei>213800X3Q9LSAKRUWY91</lei>
        <title>KBC Group NV NPV</title>
        <cusip>000000000</cusip>
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          <isin value="BE0003565737"/>
          <ticker value="KBC"/>
          <other otherDesc="SEDOL" value="4497749"/>
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        <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>
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      <invstOrSec>
        <name>Unimot S.A</name>
        <lei>259400QHBII9NV5JQT83</lei>
        <title>Unimot S.A PLN1.00</title>
        <cusip>000000000</cusip>
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          <isin value="PLUNMOT00013"/>
          <ticker value="UNT"/>
          <other otherDesc="SEDOL" value="B8DH713"/>
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        <currencyConditional curCd="PLN" exchangeRt="3.71220000"/>
        <valUSD>7437.53000000</valUSD>
        <pctVal>0.000714733332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Ping An Insurance (Group) Company of China Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BlackRock Liquidity Funds</name>
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        <title>BlackRock Liquidity Funds FEDFUND INSTL</title>
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          <ticker value="TFDXX"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>United Overseas Bank Ltd.</name>
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          <isin value="SG1M31001969"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Abu Dhabi Commercial Bank PJSC</name>
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        <title>Abu Dhabi Commercial Bank PJSC AED1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Osaki Electric Co Ltd</name>
        <lei>N/A</lei>
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          <isin value="JP3187600006"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Kinaxis Inc</name>
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        <title>Kinaxis Inc COM NPV</title>
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          <isin value="CA49448Q1090"/>
          <ticker value="KXS"/>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>GSK plc</name>
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        <title>GSK plc SPONSORED ADR</title>
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          <isin value="US37733W2044"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sojitz Corp.</name>
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          <isin value="JP3663900003"/>
          <ticker value="2768"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Anglogold Ashanti PLC</name>
        <lei>2138005YDSA7A82RNU96</lei>
        <title>Anglogold Ashanti PLC COM SHS</title>
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          <isin value="GB00BRXH2664"/>
          <ticker value="AU"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aluminum Corporation of China Limited</name>
        <lei>529900TKZUWQLIQN6T48</lei>
        <title>Aluminum Corporation of China Limited 'H' CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000001T8"/>
          <ticker value="2600"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CROWN CONFECTIONARY CO LTD</name>
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        <title>Crown Confectionary Co Ltd. KRW200</title>
        <cusip>000000000</cusip>
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          <ticker value="264900"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>HON PRECISION INC</name>
        <lei>N/A</lei>
        <title>Hon Precision Inc. TWD10</title>
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        <invCountry>TW</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>LI NING COMPANY LTD</name>
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        <title>Li-Ning Co Ltd. HKD0.1</title>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Altius Minerals Corp.</name>
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        <title>Altius Minerals Corp. COM NPV</title>
        <cusip>020936100</cusip>
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          <ticker value="ALS"/>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Strathcona Resources Ltd.</name>
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        <title>Strathcona Resources Ltd. COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Inner Mongolia Eerduosi Resourses Co Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UCB SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ING Groep N.V.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chroma Ate Inc</name>
        <lei>N/A</lei>
        <title>Chroma Ate Inc TWD10</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Elvalhalcor Hellenic Copper And Aluminium Industry S.A.</name>
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        <invCountry>GR</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>JOYY INC</name>
        <lei>549300N6CHVU5CQZPW24</lei>
        <title>JOYY Inc. ADS REPSTG COM A</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Hera SpA</name>
        <lei>8156009414FD99443B48</lei>
        <title>Hera SpA EUR1</title>
        <cusip>000000000</cusip>
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        <name>Hana Tour Service Inc.</name>
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        <name>Helleniq Energy Holdings SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Air Arabia PJSC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TFI International Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MOL Hungarian Oil &amp; Gas PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Korean Reinsurance Co.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Shikoku Bank Ltd. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Zijin Mining Group Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Hindustan Petroleum Corp Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TAOKA CHEMICAL COMPANY LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Towa Bank Ltd. (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KCG CORP PCL</name>
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        <name>AJ Networks Co Ltd</name>
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        <name>Baic Foton Motor Co Ltd.</name>
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        <name>ASML Holding N.V.</name>
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        <name>UOB-KAY HIAN HOLDINGS LTD</name>
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        <name>NAVIGATOR HOLDINGS LTD</name>
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        <name>PR TIMES CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Usinas Siderurgicas De Minas Gerais SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Zenrin Co Ltd</name>
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        <title>Zenrin Co Ltd NPV</title>
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        <name>Focus Media Information Technology Co Ltd.</name>
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        <name>Seah Holdings</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DAIWA INDUSTRIES LTD</name>
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        <name>FABRICA HLDS CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Singapore Telecommunications Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CJ Logistics Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>BUFFALO INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAP SE</name>
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        <name>Ogaki Kyoritsu Bank Ltd</name>
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        <name>ADTEC PLASMA TECHNOLOGY COMPANY LTD</name>
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        <name>AP Moller-Maersk</name>
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        <name>Megastudyedu Co Ltd</name>
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        <name>Addvalue Technologies Ltd</name>
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        <name>Samsung Electronics Co Ltd.</name>
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        <name>Canadian Imperial Bank of Commerce</name>
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        <name>AKASHA WIRA INTERNATIONAL TBK PT</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Shimizu Bank Ltd. (The)</name>
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        <name>Oro Co Ltd</name>
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        <title>Oro Co Ltd NPV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Kitz Corp</name>
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        <name>JAC RECRUITMENT COMPANY LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Central Asia Metals PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Realtek Semiconductor Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KG Chemical Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SONIX TECHNOLOGY COMPANY LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Unilever PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ENOMOTO COMPANY LTD</name>
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        <title>Enomoto Co Ltd NPV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>AUTOHOME INC</name>
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        <title>Autohome Inc. SP ADS RP CL A</title>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Skandinaviska Enskilda Banken AB (publ)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NATURAL FOOD INTERNATIONAL HOLDING LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Torunlar Gyo</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nokia Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>National Bank of Canada</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FOCUS TECHNOLOGY CO LTD</name>
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        <name>SPOTIFY TECHNOLOGY SA</name>
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        <name>ARISAWA MANUFACTURING COMPANY LTD</name>
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        <name>Cogeco Inc</name>
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        <title>Cogeco Inc SUB-VTG SHS NPV</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Eneos Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Lx Hausys Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Elecnor SA</name>
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        <title>Elecnor SA EUR0.1</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KOA CORP</name>
        <lei>N/A</lei>
        <title>KOA Corporation NPV</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Scout24 SE</name>
        <lei>5493007EIKM2ENQS7U66</lei>
        <title>Scout24 SE NPV</title>
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          <isin value="DE000A12DM80"/>
          <ticker value="G24"/>
          <other otherDesc="SEDOL" value="BYT9340"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SITC INTERNATIONAL HOLDINGS COMPANY LTD</name>
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        <title>SITC International Holdings Co Ltd. HKD0.10</title>
        <cusip>000000000</cusip>
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          <isin value="KYG8187G1055"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Base Co Ltd</name>
        <lei>N/A</lei>
        <title>Base Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3835210000"/>
          <ticker value="4481"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Canara Bank</name>
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        <title>Canara Bank INR2</title>
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          <isin value="INE476A01022"/>
          <ticker value="CBK"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Neowiz</name>
        <lei>N/A</lei>
        <title>Neowiz KRW500</title>
        <cusip>000000000</cusip>
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          <isin value="KR7095660007"/>
          <ticker value="095660"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WIISOL CO LTD</name>
        <lei>N/A</lei>
        <title>Wisol KRW500</title>
        <cusip>000000000</cusip>
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          <isin value="KR7122990005"/>
          <ticker value="122990"/>
          <other otherDesc="SEDOL" value="B61XM81"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DAIKYONISHIKAWA CORP</name>
        <lei>N/A</lei>
        <title>Daikyonishikawa Corporation NPV</title>
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          <isin value="JP3481300006"/>
          <ticker value="4246"/>
          <other otherDesc="SEDOL" value="BJVSF22"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mips AB</name>
        <lei>549300LZSA4S0L54VQ25</lei>
        <title>Mips AB NPV</title>
        <cusip>000000000</cusip>
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          <isin value="SE0009216278"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LOT Vacuum Co Ltd</name>
        <lei>N/A</lei>
        <title>LOT Vacuum Co Ltd KRW500</title>
        <cusip>000000000</cusip>
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          <isin value="KR7083310003"/>
          <ticker value="083310"/>
          <other otherDesc="SEDOL" value="B0LPZ31"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Intercorp Financial Services Inc</name>
        <lei>5299004181WFTEWB1398</lei>
        <title>Intercorp Financial Services Inc COM NPV</title>
        <cusip>000000000</cusip>
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          <isin value="PAL2400671A3"/>
          <ticker value="IFS"/>
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        <assetCat>EC</assetCat>
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        <invCountry>PA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sodick Co Ltd</name>
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        <title>Sodick Co Ltd NPV</title>
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          <isin value="JP3434200006"/>
          <ticker value="6143"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MORITA HOLDINGS CORP</name>
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        <title>Morita Holdings Corp. NPV</title>
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          <isin value="JP3925600003"/>
          <ticker value="6455"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Astra International Tbk PT</name>
        <lei>529900L49TRJOMG4DK47</lei>
        <title>Astra International Tbk PT IDR50</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Mazda Motor Corp.</name>
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        <title>Mazda Motor Corp. NPV</title>
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          <isin value="JP3868400007"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Nippon Paint Holdings Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>China Merchants Bank Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Investec PLC</name>
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        <title>Investec PLC ORD GBP0.0002</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Nintendo Co Ltd.</name>
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        <title>Nintendo Co Ltd. NPV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>NCSOFT CORP</name>
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        <title>NCsoft Corp. KRW500</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Kuaishou Technology</name>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>JASPER INFOTECH PRIVATE LTD.</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Aimer Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Constellation Software Inc.</name>
        <lei>549300B6PYHMCTDWQV29</lei>
        <title>Constellation Software Inc. COM STK NPV</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DHT HOLDINGS INC</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>MH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LEE &amp; MAN PAPER MANUFACTURING LTD</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Rupa &amp; Company Limited</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PGE Polska Grupa Energetyczna S.A.</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Novartis AG</name>
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        <title>Novartis AG CHF0.49 (REGD)</title>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Coca-Cola Europacific Partners PLC</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Indo Tambangraya Megah Tbk</name>
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        <title>Indo Tambangraya Megah Tbk IDR500</title>
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          <other otherDesc="SEDOL" value="B29SK75"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>WONIK IPS CO LTD</name>
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          <ticker value="240810"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Dongguan Aohai Technology Co Ltd</name>
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        <title>Dongguan Aohai Technology Co Ltd A CNY1</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Technoprobe SpA</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Shinhan Financial Group Co Ltd.</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Regis Resources Ltd.</name>
        <lei>213800XH9YUXBLYBD749</lei>
        <title>Regis Resources Ltd. NPV</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Mixi Inc</name>
        <lei>529900IL3THMH0SFYQ49</lei>
        <title>Mixi Inc NPV</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Asuransi Tugu Pratama IndonesiaTbk</name>
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        <title>Asuransi Tugu Pratama IndonesiaTbk IDR50</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Unilever Indonesia</name>
        <lei>549300MUHUFNRRI19O72</lei>
        <title>Unilever Indonesia IDR2</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Emaar Development PJSC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>B3 S.A. - Brasil, Bolsa, Balcao</name>
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        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Emirates Telecommunications Group Company PJSC</name>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Taiko Bank Ltd. (The)</name>
        <lei>3538003H3GIODN7ZSJ40</lei>
        <title>Taiko Bank Ltd. (The) NPV</title>
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          <ticker value="8537"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>LVMH Moet Hennessy Louis Vuitton SE</name>
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        <name>Hochtief AG</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Yokogawa Electric Corporation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Singapore Exchange Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Vodacom Group Limited</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Astellas Pharma Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>V TECHNOLOGY CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>JB FINANCIAL GROUP CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Emaar Properties PJSC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Keda Industrial Group Co Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Miroku Jyoho Service Co Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Mitsubishi UFJ Financial Group Inc.</name>
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        <name>MITANI SANGYO COMPANY LTD</name>
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        <name>Groupe Dynamite Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Otsuka Corp.</name>
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        <name>MORIROKU CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HISENSE VISUAL TECHNOLOGY CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Nordex SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Viel &amp; Cie</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Japan Post Holdings Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Temenos AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HANA FINANCIAL GROUP INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Taiwan Semiconductor Manufacturing Co., Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NatWest Group PLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SalMar ASA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sumitomo Mitsui Financial Group Inc.</name>
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        <name>GEA Group AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Capstone Copper Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Kaspi.Kz JSC</name>
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        <name>Koninklijke Philips NV</name>
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        <name>BP PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DIT CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>GALILEI CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>EASTERN POLYMER GROUP PCL</name>
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        <title>Eastern Polymer Group Public Company Limited THB1(NVDR)</title>
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        <fairValLevel>2</fairValLevel>
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        <name>HAL Trust</name>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>GEM DIAMONDS LTD</name>
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        <title>Gem Diamonds Ltd. ORD USD0.01 (DI)</title>
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          <isin value="VGG379591065"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOCALO COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Tocalo Co Ltd NPV</title>
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          <isin value="JP3552290003"/>
          <ticker value="3433"/>
          <other otherDesc="SEDOL" value="6714974"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ZHEJIANG CENTURY HUATONG GROUP CO LTD</name>
        <lei>N/A</lei>
        <title>Zhejiang Century Huatong Group Co Ltd. 'A'CNY1</title>
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          <isin value="CNE1000015R2"/>
          <ticker value="002602"/>
          <other otherDesc="SEDOL" value="BD5CG58"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Matahari Department Store Tbk PT</name>
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        <title>Matahari Department Store Tbk PT LKD SHS(IDR5000 &amp; IDR350 &amp; IDR100)</title>
        <cusip>000000000</cusip>
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          <isin value="ID1000113301"/>
          <ticker value="LPPF"/>
          <other otherDesc="SEDOL" value="6665878"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHINAETEK SERVICE &amp; TECH CO LTD</name>
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        <title>China Etek Service &amp; Technology Co., Ltd. 'A' CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100005GT1"/>
          <ticker value="301208"/>
          <other otherDesc="SEDOL" value="BP92SD0"/>
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        <balance>76300.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Marvelous Inc</name>
        <lei>N/A</lei>
        <title>Marvelous Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3860230006"/>
          <ticker value="7844"/>
          <other otherDesc="SEDOL" value="6558901"/>
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        <balance>9000.00000000</balance>
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        <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>
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      <invstOrSec>
        <name>Namuga Co Ltd</name>
        <lei>N/A</lei>
        <title>Namuga Co Ltd KRW500</title>
        <cusip>000000000</cusip>
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          <isin value="KR7190510008"/>
          <ticker value="190510"/>
          <other otherDesc="SEDOL" value="BYQ8ZJ9"/>
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        <balance>2527.00000000</balance>
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        <pctVal>0.002649313340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</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>SUNCOR ENERGY INC</name>
        <lei>894500XO86FKXQGPYV71</lei>
        <title>Suncor Energy Inc. COM NPV 'NEW'</title>
        <cusip>867224107</cusip>
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          <isin value="CA8672241079"/>
          <ticker value="SU"/>
          <other otherDesc="SEDOL" value="B3NB1P2"/>
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        <pctVal>0.476073276783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Centrica PLC</name>
        <lei>E26EDV109X6EEPBKVH76</lei>
        <title>Centrica PLC ORD GBP0.061728395</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B033F229"/>
          <ticker value="CNA"/>
          <other otherDesc="SEDOL" value="B033F22"/>
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        <balance>142103.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75551526"/>
        <valUSD>402355.72000000</valUSD>
        <pctVal>0.038665665167</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>
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      <invstOrSec>
        <name>HudBay Minerals Inc</name>
        <lei>894500LX3TMESP27BE29</lei>
        <title>HudBay Minerals Inc COM NPV</title>
        <cusip>443628102</cusip>
        <identifiers>
          <isin value="CA4436281022"/>
          <ticker value="HBM"/>
          <other otherDesc="SEDOL" value="B05BDX1"/>
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        <balance>32100.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.39110000"/>
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        <pctVal>0.064595531395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BOE TECHNOLOGY GROUP CO LTD</name>
        <lei>N/A</lei>
        <title>BOE Technology Group Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE0000016L5"/>
          <ticker value="000725"/>
          <other otherDesc="SEDOL" value="BD5CPL7"/>
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        <balance>9547089.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
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        <pctVal>0.523577879606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Edenred SA</name>
        <lei>9695006LOD5B2D7Y0N70</lei>
        <title>Edenred SA EUR2</title>
        <cusip>000000000</cusip>
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          <isin value="FR0010908533"/>
          <ticker value="EDEN"/>
          <other otherDesc="SEDOL" value="B62G1B5"/>
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        <balance>185024.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
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        <pctVal>0.354167812465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Knorr-Bremse AG</name>
        <lei>5299001GRRO0Z25YZT52</lei>
        <title>Knorr-Bremse AG NPV</title>
        <cusip>000000000</cusip>
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          <isin value="DE000KBX1006"/>
          <ticker value="KBX"/>
          <other otherDesc="SEDOL" value="BD2P9X9"/>
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        <balance>5807.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
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        <pctVal>0.063757330119</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>
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      <invstOrSec>
        <name>DPM Metals Inc.</name>
        <lei>549300LATVTU0EIUMD45</lei>
        <title>DPM Metals Inc. COM</title>
        <cusip>26139R109</cusip>
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          <isin value="CA26139R1091"/>
          <ticker value="DPM"/>
          <other otherDesc="SEDOL" value="BPCR7W4"/>
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        <balance>118600.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.39110000"/>
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        <pctVal>0.401291928832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Leonardo S.p.A.</name>
        <lei>529900X4EEX1U9LN3U39</lei>
        <title>Leonardo S.p.A. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0003856405"/>
          <ticker value="LDO"/>
          <other otherDesc="SEDOL" value="B0DJNG0"/>
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        <balance>28554.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Harmony Gold Mining Co Ltd</name>
        <lei>378900986D05F0C29811</lei>
        <title>Harmony Gold Mining Co Ltd SPONSORED ADR</title>
        <cusip>413216300</cusip>
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          <isin value="US4132163001"/>
          <ticker value="HMY"/>
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        <balance>57670.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>886387.90000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EBOS GROUP LTD</name>
        <lei>254900KJ40C7HBYTWC21</lei>
        <title>EBOS Group Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="EBO"/>
          <other otherDesc="SEDOL" value="6160038"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CANNY ELEVATOR CO LTD</name>
        <lei>N/A</lei>
        <title>Canny Elevator Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE100000M39"/>
          <ticker value="002367"/>
          <other otherDesc="SEDOL" value="BD5M1F3"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>PT Medco Energi Internasional Tbk</name>
        <lei>254900YN7RH1JFLP4J36</lei>
        <title>PT Medco Energi Internasional Tbk IDR25.00</title>
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          <isin value="ID1000053705"/>
          <ticker value="MEDC"/>
          <other otherDesc="SEDOL" value="6254511"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>IRPC Public Co Ltd.</name>
        <lei>254900IKV8DJ1C05JB68</lei>
        <title>IRPC Public Co Ltd. THB1(NVDR)</title>
        <cusip>000000000</cusip>
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          <ticker value="IRPC-R"/>
          <other otherDesc="SEDOL" value="6366171"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WOORI FINANCIAL GROUP INC</name>
        <lei>N/A</lei>
        <title>Woori Financial Group Inc. KRW5000</title>
        <cusip>000000000</cusip>
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          <isin value="KR7316140003"/>
          <ticker value="316140"/>
          <other otherDesc="SEDOL" value="BGHWH98"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NOVATEK MICROELECTRONICS CORP</name>
        <lei>N/A</lei>
        <title>Novatek Microelectronics Corp. TWD10</title>
        <cusip>000000000</cusip>
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          <isin value="TW0003034005"/>
          <ticker value="3034"/>
          <other otherDesc="SEDOL" value="6346333"/>
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        <pctVal>0.167051255811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Susco Pcl</name>
        <lei>N/A</lei>
        <title>Susco Pcl THB1(NVDR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0202010R10"/>
          <ticker value="SUSCO-R"/>
          <other otherDesc="SEDOL" value="6552516"/>
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        <balance>219300.00000000</balance>
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        <currencyConditional curCd="THB" exchangeRt="32.98000000"/>
        <valUSD>14096.91000000</valUSD>
        <pctVal>0.001354687841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Seraku Co Ltd</name>
        <lei>N/A</lei>
        <title>Seraku Co Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3423510001"/>
          <ticker value="6199"/>
          <other otherDesc="SEDOL" value="BD96HV9"/>
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        <balance>1100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <pctVal>0.000947056525</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>
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      </invstOrSec>
      <invstOrSec>
        <name>UCHIDA YOKO CO LTD</name>
        <lei>N/A</lei>
        <title>Uchida Yoko Co NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3157200001"/>
          <ticker value="8057"/>
          <other otherDesc="SEDOL" value="6910965"/>
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        <balance>3000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <pctVal>0.003634512206</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>
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      <invstOrSec>
        <name>STECON GROUP PCL</name>
        <lei>N/A</lei>
        <title>Stecon Group Public Co Ltd. THB1 (NVDR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="THC381010R13"/>
          <ticker value="STECON-R"/>
          <other otherDesc="SEDOL" value="BTBLPX2"/>
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        <balance>992000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.98000000"/>
        <valUSD>351566.15000000</valUSD>
        <pctVal>0.033784878316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hindustan Zinc Ltd.</name>
        <lei>335800LB39TLJ8YTWM98</lei>
        <title>Hindustan Zinc Ltd. INR2</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE267A01025"/>
          <ticker value="HZ"/>
          <other otherDesc="SEDOL" value="6139726"/>
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        <balance>419127.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>2260254.31000000</valUSD>
        <pctVal>0.217206397226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Henkel AG &amp; Co. KGaA</name>
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        <title>Henkel AG &amp; Co. KGaA NON-VTG PRF NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0006048432"/>
          <ticker value="HEN3"/>
          <other otherDesc="SEDOL" value="5076705"/>
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        <balance>8549.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>660403.20000000</valUSD>
        <pctVal>0.063463566535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</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>
        <name>A&amp;D Holon Holdings Company Ltd</name>
        <lei>N/A</lei>
        <title>A&amp;D Holon Holdings Company Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3160130005"/>
          <ticker value="7745"/>
          <other otherDesc="SEDOL" value="6601388"/>
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        <balance>6300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <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>
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      <invstOrSec>
        <name>Newborn Town Inc</name>
        <lei>N/A</lei>
        <title>Newborn Town Inc USD0.0001</title>
        <cusip>000000000</cusip>
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          <isin value="KYG6464H1011"/>
          <ticker value="9911"/>
          <other otherDesc="SEDOL" value="BKX8X23"/>
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        <balance>266000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>272111.36000000</valUSD>
        <pctVal>0.026149415085</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>
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      <invstOrSec>
        <name>Empire Co Ltd.</name>
        <lei>549300TX0ZUSTEF7C719</lei>
        <title>Empire Co Ltd. CLASS'A'N/VTG COM NPV</title>
        <cusip>291843407</cusip>
        <identifiers>
          <isin value="CA2918434077"/>
          <ticker value="EMP/A"/>
          <other otherDesc="SEDOL" value="2314000"/>
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        <balance>73800.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.39110000"/>
        <valUSD>2643558.34000000</valUSD>
        <pctVal>0.254041229055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LG Electronics Inc.</name>
        <lei>988400RMQFTGZIOG0609</lei>
        <title>LG Electronics Inc. KRW5000</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7066570003"/>
          <ticker value="066570"/>
          <other otherDesc="SEDOL" value="6520739"/>
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        <currencyConditional curCd="KRW" exchangeRt="1531.65000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DANAOS CORP</name>
        <lei>734IM3DNDNT36T7YTD24</lei>
        <title>Danaos Corp. SHS</title>
        <cusip>000000000</cusip>
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          <isin value="MHY1968P1218"/>
          <ticker value="DAC"/>
          <other otherDesc="SEDOL" value="BJHVCJ1"/>
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        <balance>991.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>111626.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSE Global Ltd</name>
        <lei>549300CNUGIB5L3RNJ48</lei>
        <title>CSE Global Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1G47869290"/>
          <ticker value="CSE"/>
          <other otherDesc="SEDOL" value="6143998"/>
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        <currencyConditional curCd="SGD" exchangeRt="1.28570000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>HENNGE KK</name>
        <lei>N/A</lei>
        <title>Hennge K K NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3835150008"/>
          <ticker value="4475"/>
          <other otherDesc="SEDOL" value="BKWBPS3"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Nexans SA</name>
        <lei>96950015FU78G84UIV14</lei>
        <title>Nexans SA EUR1</title>
        <cusip>000000000</cusip>
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          <ticker value="NEX"/>
          <other otherDesc="SEDOL" value="7130836"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HDFC Bank Ltd.</name>
        <lei>335800ZQ6I4E2JXENC50</lei>
        <title>HDFC Bank Ltd. INR1</title>
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          <isin value="INE040A01034"/>
          <ticker value="HDFCB"/>
          <other otherDesc="SEDOL" value="BK1N461"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Elan Microelectronics Corp</name>
        <lei>N/A</lei>
        <title>Elan Microelectronics Corp TWD10</title>
        <cusip>000000000</cusip>
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          <isin value="TW0002458007"/>
          <ticker value="2458"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Weichai Power Co Ltd.</name>
        <lei>529900OKTPKBG85F9502</lei>
        <title>Weichai Power Co Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000004L9"/>
          <ticker value="2338"/>
          <other otherDesc="SEDOL" value="6743956"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FARSOON TECHNOLOGIES CO LTD</name>
        <lei>N/A</lei>
        <title>Farsoon Technologies Co Ltd. CNY1 A</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000060C0"/>
          <ticker value="688433"/>
          <other otherDesc="SEDOL" value="BN0ZQ85"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Aristocrat Leisure Ltd.</name>
        <lei>529900TE2HO3OZKYKC27</lei>
        <title>Aristocrat Leisure Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AU000000ALL7"/>
          <ticker value="ALL"/>
          <other otherDesc="SEDOL" value="6253983"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wagners Holding Company Ltd</name>
        <lei>549300870JR461HY2844</lei>
        <title>Wagners Holding Company Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000WGN7"/>
          <ticker value="WGN"/>
          <other otherDesc="SEDOL" value="BF43355"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.44938038"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Recruit Holdings Co Ltd.</name>
        <lei>353800R2LRSMVVC4I806</lei>
        <title>Recruit Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3970300004"/>
          <ticker value="6098"/>
          <other otherDesc="SEDOL" value="BQRRZ00"/>
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        <balance>158200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <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>
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      <invstOrSec>
        <name>Delta Electronics Thailand Public Co Ltd</name>
        <lei>529900JKLVG9Y2SVWL93</lei>
        <title>Delta Electronics Thailand Public Co Ltd THB0.1 (NVDR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0528010R18"/>
          <ticker value="DELTA-R"/>
          <other otherDesc="SEDOL" value="6418931"/>
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        <balance>17100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.98000000"/>
        <valUSD>138886.25000000</valUSD>
        <pctVal>0.013346720257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PetroChina Co Ltd.</name>
        <lei>529900RPY4YG47TRSV05</lei>
        <title>PetroChina Co Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000003W8"/>
          <ticker value="857"/>
          <other otherDesc="SEDOL" value="6226576"/>
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        <balance>1612000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>2211440.66000000</valUSD>
        <pctVal>0.212515492753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BML Inc</name>
        <lei>N/A</lei>
        <title>BML Inc NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3799700004"/>
          <ticker value="4694"/>
          <other otherDesc="SEDOL" value="6197876"/>
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        <balance>3400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>88121.71000000</valUSD>
        <pctVal>0.008468338744</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Experian PLC</name>
        <lei>635400RXXHHYT1JTSZ26</lei>
        <title>Experian PLC ORD USD0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00B19NLV48"/>
          <ticker value="EXPN"/>
          <other otherDesc="SEDOL" value="B19NLV4"/>
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        <balance>139236.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.75551526"/>
        <valUSD>4816799.30000000</valUSD>
        <pctVal>0.462885798950</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>
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      </invstOrSec>
      <invstOrSec>
        <name>PHX Energy Svcs Co</name>
        <lei>N/A</lei>
        <title>PHX Energy Svcs Co COM</title>
        <cusip>69338U101</cusip>
        <identifiers>
          <isin value="CA69338U1012"/>
          <ticker value="PHX"/>
          <other otherDesc="SEDOL" value="B66YG32"/>
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        <balance>24500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.39110000"/>
        <valUSD>232654.01000000</valUSD>
        <pctVal>0.022357634310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chemical Works Of Gedeon Richter</name>
        <lei>549300J6ZJW5IH4WEE46</lei>
        <title>Chemical Works Of Gedeon Richter HUF100</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HU0000123096"/>
          <ticker value="RICHT"/>
          <other otherDesc="SEDOL" value="BC9ZH86"/>
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        <balance>4713.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HUF" exchangeRt="332.56915000"/>
        <valUSD>167790.43000000</valUSD>
        <pctVal>0.016124360266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Krung Thai Bank Public Co Ltd.</name>
        <lei>54930007ZQMYCRFQGE36</lei>
        <title>Krung Thai Bank Public Co Ltd. THB5.15(NVDR)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH0150010R11"/>
          <ticker value="KTB-R"/>
          <other otherDesc="SEDOL" value="6361466"/>
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        <balance>599700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.98000000"/>
        <valUSD>641323.80000000</valUSD>
        <pctVal>0.061630070314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YTL POWER INTERNATIONAL BHD</name>
        <lei>N/A</lei>
        <title>YTL POWER INTERNATIONAL BHD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MY009AACPZ06"/>
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        <balance>52326.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MYR" exchangeRt="4.04900000"/>
        <valUSD>7107.76000000</valUSD>
        <pctVal>0.000683043025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Topy Industries Ltd</name>
        <lei>N/A</lei>
        <title>Topy Industries Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3630200008"/>
          <ticker value="7231"/>
          <other otherDesc="SEDOL" value="6897121"/>
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        <balance>3000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>56385.24000000</valUSD>
        <pctVal>0.005418520731</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>
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      </invstOrSec>
      <invstOrSec>
        <name>TRIVAGO NV</name>
        <lei>391200MJ56OU7D3JM080</lei>
        <title>Trivago N V SPON ADS A SHS N</title>
        <cusip>89686D303</cusip>
        <identifiers>
          <isin value="US89686D3035"/>
          <ticker value="TRVG"/>
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        <balance>3049.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8262.79000000</valUSD>
        <pctVal>0.000794039342</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>
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      <invstOrSec>
        <name>PSK Inc</name>
        <lei>N/A</lei>
        <title>PSK Inc KRW500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7319660007"/>
          <ticker value="319660"/>
          <other otherDesc="SEDOL" value="BJBW4Q1"/>
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        <balance>1710.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1531.65000000"/>
        <valUSD>94941.65000000</valUSD>
        <pctVal>0.009123722782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HIGOLD GROUP CO LTD</name>
        <lei>N/A</lei>
        <title>Higold Group Co Ltd. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100007325"/>
          <ticker value="001221"/>
          <other otherDesc="SEDOL" value="BVPG054"/>
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        <balance>21260.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>210808.89000000</valUSD>
        <pctVal>0.020258357343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Samudera Shipping Line Ltd.</name>
        <lei>254900YRA2OBY5SUJW72</lei>
        <title>Samudera Shipping Line Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG1F29855813"/>
          <ticker value="SAMU"/>
          <other otherDesc="SEDOL" value="6070900"/>
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        <balance>237400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.28570000"/>
        <valUSD>189777.64000000</valUSD>
        <pctVal>0.018237291828</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>
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      <invstOrSec>
        <name>Furukawa Electric Co Ltd.</name>
        <lei>353800TJR1DQ3P1QR918</lei>
        <title>Furukawa Electric Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3827200001"/>
          <ticker value="5801"/>
          <other otherDesc="SEDOL" value="6357562"/>
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        <balance>3100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>595138.56000000</valUSD>
        <pctVal>0.057191751342</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>
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      <invstOrSec>
        <name>ESSA INDUSTRIES INDONESIA TBK PT</name>
        <lei>N/A</lei>
        <title>Essa Industries Indonesia Tbk IDR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ID1000122203"/>
          <ticker value="ESSA"/>
          <other otherDesc="SEDOL" value="B6X8NL4"/>
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        <balance>1821300.00000000</balance>
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        <currencyConditional curCd="IDR" exchangeRt="16994.50000000"/>
        <valUSD>76054.86000000</valUSD>
        <pctVal>0.007308736038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Huishang Bank Corporation Ltd</name>
        <lei>300300C1080434000035</lei>
        <title>Huishang Bank Corporation Ltd 'H'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001QP7"/>
          <ticker value="3698"/>
          <other otherDesc="SEDOL" value="BG7ZSG1"/>
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        <balance>264000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>155487.59000000</valUSD>
        <pctVal>0.014942079343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Scb Asset Management Co Ltd.</name>
        <lei>549300JCDLAB6X75MR95</lei>
        <title>Scb Asset Management Co Ltd. DIGITAL TELECOMMUNICATIONS INFST FD</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH5097010000"/>
          <ticker value="DIF"/>
          <other otherDesc="SEDOL" value="BH6XVN1"/>
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        <balance>49800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.98000000"/>
        <valUSD>14420.56000000</valUSD>
        <pctVal>0.001385790028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Thyssenkrupp AG</name>
        <lei>549300UDG16DOYUPR330</lei>
        <title>Thyssenkrupp AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE0007500001"/>
          <ticker value="TKA"/>
          <other otherDesc="SEDOL" value="5636927"/>
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        <balance>23230.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
        <valUSD>204691.28000000</valUSD>
        <pctVal>0.019670465962</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>
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      <invstOrSec>
        <name>XD INC</name>
        <lei>655600SO97YJOKFJGL95</lei>
        <title>XD Inc. USD0.0001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9830N1097"/>
          <ticker value="2400"/>
          <other otherDesc="SEDOL" value="BKF2W48"/>
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        <balance>35000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
        <valUSD>273091.46000000</valUSD>
        <pctVal>0.026243600942</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>
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      <invstOrSec>
        <name>Qingdao Citymedia Co Ltd</name>
        <lei>N/A</lei>
        <title>Qingdao Citymedia Co Ltd 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE0000011W3"/>
          <ticker value="600229"/>
          <other otherDesc="SEDOL" value="BQWRB74"/>
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        <balance>143500.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>125712.48000000</valUSD>
        <pctVal>0.012080744519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nissan Motor Co Ltd.</name>
        <lei>353800DRBDH1LUTNAY26</lei>
        <title>Nissan Motor Co Ltd. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3672400003"/>
          <ticker value="7201"/>
          <other otherDesc="SEDOL" value="6642860"/>
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        <balance>140800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>305165.57000000</valUSD>
        <pctVal>0.029325865555</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>
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      </invstOrSec>
      <invstOrSec>
        <name>HEALTHCARE CO LTD</name>
        <lei>N/A</lei>
        <title>Healthcare Co., Ltd. A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE1000030G4"/>
          <ticker value="603313"/>
          <other otherDesc="SEDOL" value="BNR4N84"/>
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        <balance>126000.00000000</balance>
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        <currencyConditional curCd="CNY" exchangeRt="6.90820000"/>
        <valUSD>150660.61000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>STAR PETROLEUM REFINING PCL</name>
        <lei>N/A</lei>
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          <ticker value="SPRC-R"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Unicharm Corp.</name>
        <lei>353800UQ4BZIJTAQEG85</lei>
        <title>Unicharm Corp. NPV</title>
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          <isin value="JP3951600000"/>
          <ticker value="8113"/>
          <other otherDesc="SEDOL" value="6911485"/>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SILERGY CORP</name>
        <lei>N/A</lei>
        <title>Silergy Corporation TWD2.5</title>
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          <isin value="KYG8190F1028"/>
          <ticker value="6415"/>
          <other otherDesc="SEDOL" value="BH4DMW9"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ricoh Co Ltd.</name>
        <lei>549300HFIB2GRUMDID72</lei>
        <title>Ricoh Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3973400009"/>
          <ticker value="7752"/>
          <other otherDesc="SEDOL" value="6738220"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YUSHIN COMPANY</name>
        <lei>N/A</lei>
        <title>Yushin Co. NPV</title>
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          <isin value="JP3944500002"/>
          <ticker value="6482"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Koninklijke Ahold Delhaize NV</name>
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        <title>Koninklijke Ahold Delhaize NV EUR0.01</title>
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          <isin value="NL0011794037"/>
          <ticker value="AD"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Zehnder Group AG</name>
        <lei>8945000LUWFSSFRPU761</lei>
        <title>Zehnder Group AG CHF0.05 (REGD) 'A'</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0276534614"/>
          <ticker value="ZEHN"/>
          <other otherDesc="SEDOL" value="BWX5Y69"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Constellation Software Inc.</name>
        <lei>549300B6PYHMCTDWQV29</lei>
        <title>Constellation Software Inc. WT EXP 033140</title>
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          <isin value="CA21037X1345"/>
          <ticker value="2299955D"/>
          <other otherDesc="SEDOL" value="BR52TP7"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Repsol SA</name>
        <lei>BSYCX13Y0NOTV14V9N85</lei>
        <title>Repsol SA EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="ES0173516115"/>
          <ticker value="REP"/>
          <other otherDesc="SEDOL" value="5669354"/>
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        <balance>98700.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sysmex Corp.</name>
        <lei>5299001ZO4CKWACMZI55</lei>
        <title>Sysmex Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3351100007"/>
          <ticker value="6869"/>
          <other otherDesc="SEDOL" value="6883807"/>
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        <balance>81100.00000000</balance>
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        <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>
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      <invstOrSec>
        <name>Var Energi ASA</name>
        <lei>549300LIVN3FFOJN2K47</lei>
        <title>Var Energi ASA NOK0.16</title>
        <cusip>000000000</cusip>
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          <isin value="NO0011202772"/>
          <ticker value="VAR"/>
          <other otherDesc="SEDOL" value="BPLF0Y2"/>
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        <currencyConditional curCd="NOK" exchangeRt="9.68290000"/>
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        <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>
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      <invstOrSec>
        <name>HEFEI MEIYER OPTOELECTRONIC TECHNOLOGY INC</name>
        <lei>N/A</lei>
        <title>Hefei Meyer Optoelectronic Technology Inc. 'A'CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100001JZ1"/>
          <ticker value="002690"/>
          <other otherDesc="SEDOL" value="BD5CHY4"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>DOSHISHA CORP</name>
        <lei>N/A</lei>
        <title>Doshisha Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3638000004"/>
          <ticker value="7483"/>
          <other otherDesc="SEDOL" value="6235992"/>
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        <balance>3300.00000000</balance>
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        <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>
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      <invstOrSec>
        <name>Ad-Sol Nissin Corp</name>
        <lei>N/A</lei>
        <title>Ad-Sol Nissin Corp NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3122030004"/>
          <ticker value="3837"/>
          <other otherDesc="SEDOL" value="B1N9196"/>
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        <balance>2800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Paramount Resources Limited</name>
        <lei>549300JSO4G6XV6Y5V84</lei>
        <title>Paramount Resources Limited COM NPV CLASS A</title>
        <cusip>699320206</cusip>
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          <isin value="CA6993202069"/>
          <ticker value="POU"/>
          <other otherDesc="SEDOL" value="B073FP1"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Compania De Distribucion Integral Logista Holdings S.A.U</name>
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        <title>Compania De Distribucion Integral Logista Holdings S.A.U EUR0.2</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sumitomo Mitsui Trust Group Inc.</name>
        <lei>353800P843RLCDBLNT17</lei>
        <title>Sumitomo Mitsui Trust Group Inc. NPV</title>
        <cusip>000000000</cusip>
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          <ticker value="8309"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Bank Polska Kasa Opieki SA</name>
        <lei>5493000LKS7B3UTF7H35</lei>
        <title>Bank Polska Kasa Opieki SA PLN1.00</title>
        <cusip>000000000</cusip>
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          <ticker value="PEO"/>
          <other otherDesc="SEDOL" value="5473113"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Pason System Incor</name>
        <lei>984500DC6T2FLR969F65</lei>
        <title>Pason System Incor COM NPV</title>
        <cusip>702925108</cusip>
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          <ticker value="PSI"/>
          <other otherDesc="SEDOL" value="2569565"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Nippon Light Metal Holdings Co Ltd.</name>
        <lei>353800J9KCFJSF2CGT47</lei>
        <title>Nippon Light Metal Holdings Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3700200003"/>
          <ticker value="5703"/>
          <other otherDesc="SEDOL" value="B51WP26"/>
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        <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>
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      <invstOrSec>
        <name>KINSUS INTERCONNECT TECHNOLOGY CORP</name>
        <lei>N/A</lei>
        <title>Kinsus Interconnect Technology Corp. TWD10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TW0003189007"/>
          <ticker value="3189"/>
          <other otherDesc="SEDOL" value="6687872"/>
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        <balance>45000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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        <name>Total Energy Services Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LG Innotek Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Compagnie Financiere Richemont Sa</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jiangxi Copper Co Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KWEICHOW MOUTAI COMPANY LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SK Hynix Inc.</name>
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        <title>SK Hynix Inc. KRW5000</title>
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        <invCountry>KR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
        <title>Barclays PLC ADR</title>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Dubai Islamic Bank PJSC</name>
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        <title>Dubai Islamic Bank PJSC AED1</title>
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          <isin value="AED000201015"/>
          <ticker value="DIB"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>SYSTEM SUPPORT HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>System Support Holdings Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3350960005"/>
          <ticker value="4396"/>
          <other otherDesc="SEDOL" value="BDCLLP3"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Tauron Polska Energia SA</name>
        <lei>259400NAPDFBOTNCRL54</lei>
        <title>Tauron Polska Energia SA PLN5.00</title>
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          <ticker value="TPE"/>
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        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Daiichi Sankyo Co Ltd.</name>
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        <title>Daiichi Sankyo Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Vieworks Co Ltd</name>
        <lei>N/A</lei>
        <title>Vieworks Co Ltd KRW500</title>
        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>SUZUKI COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Suzuki Co Ltd NPV</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Lumine Group Inc</name>
        <lei>984500E3C44B9D44M738</lei>
        <title>Lumine Group Inc SUB VTG SHS</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Hemisphere Energy Corp.</name>
        <lei>549300CG6PCKBXM8GM11</lei>
        <title>Hemisphere Energy Corp. COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Everlight Electronics Co., Ltd.</name>
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        <title>Everlight Electronics Co., Ltd. TWD10</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Monotaro CoLtd</name>
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        <name>Litrak</name>
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        <title>Lingkaran Trans Kota Holdings Bhd</title>
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        <name>BUSINESS BRAIN SHOWA-OTA INC</name>
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        <name>Schindler Holding AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Telefonaktiebolaget LM Ericsson (publ)</name>
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        <title>Telefonaktiebolaget LM Ericsson (publ) ADR B SEK 10</title>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NMDC ENERGY PJSC</name>
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        <title>Nmdc Energy AED0.5</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Whitehaven Coal Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bank Of Saga Ltd. (The)</name>
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          <isin value="JP3315200000"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Zigexn Co Ltd.</name>
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          <isin value="JP3386490001"/>
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        <fairValLevel>2</fairValLevel>
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        <name>YTL CORP BHD</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Fresnillo PLC</name>
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          <ticker value="FRES"/>
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        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Midea Group Co Ltd.</name>
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        <title>Midea Group Co Ltd. A CNY1</title>
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          <isin value="CNE100001QQ5"/>
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        <fairValLevel>2</fairValLevel>
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        <name>DAH Sing Financial</name>
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        <title>DAH Sing Financial NPV</title>
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          <isin value="HK0440001847"/>
          <ticker value="440"/>
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        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Heineken N.V.</name>
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        <title>Heineken N.V. EUR1.60</title>
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          <isin value="NL0000009165"/>
          <ticker value="HEIA"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Softcreate Holdings Corp</name>
        <lei>N/A</lei>
        <title>Softcreate Holdings Corp NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3436040004"/>
          <ticker value="3371"/>
          <other otherDesc="SEDOL" value="B06T2M6"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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        <name>Himalaya Shipping Ltd.</name>
        <lei>984500D86FFE5EYE7988</lei>
        <title>Himalaya Shipping Ltd. USD1 (DR)</title>
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          <isin value="BMG4660A1036"/>
          <ticker value="HSHP"/>
          <other otherDesc="SEDOL" value="BN957G1"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Xiamen Jihong Co Ltd.</name>
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        <title>Xiamen Jihong Co Ltd. 'A'CNY1</title>
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          <ticker value="002803"/>
          <other otherDesc="SEDOL" value="BMTCVP2"/>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SAWIT SUMBERMAS SARANA TBK PT</name>
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        <title>Sawit Sumbermas Sarana TBK IDR100</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Korea Electric Power Corp.</name>
        <lei>988400QG33WS7JEIV602</lei>
        <title>Korea Electric Power Corp. KRW5000</title>
        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Careium AB</name>
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        <title>Careium AB NPV</title>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Ishares Inc</name>
        <lei>549300MGJZCNMJLBAJ67</lei>
        <title>Ishares Inc MSCI CDA ETF</title>
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          <ticker value="EWC"/>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Linklogis Inc</name>
        <lei>254900PYFTBGPA68BN15</lei>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Yara International ASA</name>
        <lei>213800WKOUWXWFJ5Z514</lei>
        <title>Yara International ASA NOK1.7</title>
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        <fairValLevel>2</fairValLevel>
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        <name>OPTIM CORP</name>
        <lei>N/A</lei>
        <title>Optim Corporation NPV</title>
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          <ticker value="3694"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Computer Engineering &amp; Consulting Ltd</name>
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          <ticker value="9692"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Orascom Construction Plc</name>
        <lei>254900ZIYKZ3Y4EANH33</lei>
        <title>Orascom Construction Plc EGP7.613</title>
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          <ticker value="ORAS"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>VIPSHOP HOLDINGS LTD</name>
        <lei>549300I9F52K06HPZX60</lei>
        <title>Vipshop Holdings Ltd. SPONSORED ADS A</title>
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          <ticker value="VIPS"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Sony Financial Group Inc.</name>
        <lei>353800O7BDSU41WOZA60</lei>
        <title>Sony Financial Group Inc. NPV</title>
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          <isin value="JP3435350008"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OTP Bank PLC</name>
        <lei>529900W3MOO00A18X956</lei>
        <title>OTP Bank PLC HUF100</title>
        <cusip>000000000</cusip>
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          <isin value="HU0000061726"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>HU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ID HOLDINGS CORP</name>
        <lei>N/A</lei>
        <title>ID Holdings Corporation NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3153600006"/>
          <ticker value="4709"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD</name>
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        <title>Yangzijiang Shipbuilding Holdings Ltd. NPV (SGD)</title>
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          <isin value="SG1U76934819"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shopify Inc</name>
        <lei>549300HGQ43STJLLP808</lei>
        <title>Shopify Inc CL A SUB VTG SHS</title>
        <cusip>82509L107</cusip>
        <identifiers>
          <isin value="CA82509L1076"/>
          <ticker value="SHOP"/>
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        <balance>36065.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4278030.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BioNTech SE</name>
        <lei>894500UZJ5LG1F8J1U58</lei>
        <title>BioNTech SE SPONSORED ADS</title>
        <cusip>09075V102</cusip>
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          <isin value="US09075V1026"/>
          <ticker value="BNTX"/>
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        <balance>17618.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1565887.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>JAPAN PULP AND PAPER CO LTD</name>
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        <title>Japan Pulp &amp; Paper Co NPV</title>
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          <isin value="JP3694000005"/>
          <ticker value="8032"/>
          <other otherDesc="SEDOL" value="6470306"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ZHOU HEI YA INTERNATIONAL HOLDINGS COMPANY LTD</name>
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        <title>Zhou Hei Ya Int Hldgs Co Ltd USD0.000001</title>
        <cusip>000000000</cusip>
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          <isin value="KYG989761062"/>
          <ticker value="1458"/>
          <other otherDesc="SEDOL" value="BYXBG32"/>
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        <currencyConditional curCd="HKD" exchangeRt="7.84120000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENERO GROUP LTD</name>
        <lei>N/A</lei>
        <title>Enero Group Limited NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="AU000000EGG9"/>
          <ticker value="EGG"/>
          <other otherDesc="SEDOL" value="B86L251"/>
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        <currencyConditional curCd="AUD" exchangeRt="1.44938038"/>
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        <pctVal>0.000012285195</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>
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      <invstOrSec>
        <name>Gold Fields Ltd</name>
        <lei>5299003KXIBJQYCBBD72</lei>
        <title>Gold Fields Ltd ZAR0.50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000018123"/>
          <ticker value="GFI"/>
          <other otherDesc="SEDOL" value="6280215"/>
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        <balance>29273.00000000</balance>
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        <pctVal>0.129267009207</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Siemens Energy AG</name>
        <lei>5299005CHJZ14D4FDJ62</lei>
        <title>Siemens Energy AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000ENER6Y0"/>
          <ticker value="ENR"/>
          <other otherDesc="SEDOL" value="BMTVQK9"/>
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        <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>
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      <invstOrSec>
        <name>Kingspan Group PLC</name>
        <lei>635400HM7V74SUB9OG75</lei>
        <title>Kingspan Group PLC ORD EUR0.13</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE0004927939"/>
          <ticker value="KRXI"/>
          <other otherDesc="SEDOL" value="4491235"/>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
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        <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>
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      <invstOrSec>
        <name>SMC Corp.</name>
        <lei>353800O40V08DOZ70X62</lei>
        <title>SMC Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3162600005"/>
          <ticker value="6273"/>
          <other otherDesc="SEDOL" value="6763965"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Genmab As</name>
        <lei>529900MTJPDPE4MHJ122</lei>
        <title>Genmab As DKK1</title>
        <cusip>000000000</cusip>
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          <isin value="DK0010272202"/>
          <ticker value="GMAB"/>
          <other otherDesc="SEDOL" value="4595739"/>
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        <currencyConditional curCd="DKK" exchangeRt="6.46520000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Eni SpA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>Eni SpA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0003132476"/>
          <ticker value="ENI"/>
          <other otherDesc="SEDOL" value="7145056"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Sony Group Corp.</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>Sony Group Corp. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3435000009"/>
          <ticker value="6758"/>
          <other otherDesc="SEDOL" value="6821506"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>China Nonferrous Mining Corp Ltd</name>
        <lei>N/A</lei>
        <title>China Nonferrous Mining Corp Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="HK0000112026"/>
          <ticker value="1258"/>
          <other otherDesc="SEDOL" value="B890GY2"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SUZHOU NANOMICRO TECHNOLOGY CO LTD</name>
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        <title>Suzhou Nano Micro Technology Co. Ltd. A CNY1</title>
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          <isin value="CNE100005105"/>
          <ticker value="688690"/>
          <other otherDesc="SEDOL" value="BNRLFW3"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>JAPAN MEDICAL DYNAMIC MARKETING INC</name>
        <lei>N/A</lei>
        <title>Japan Medical Dynamic Marketing Inc. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3689100000"/>
          <ticker value="7600"/>
          <other otherDesc="SEDOL" value="6136705"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>ISEKI &amp; CO. LTD</name>
        <lei>N/A</lei>
        <title>Iseki &amp; Co Ltd NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3139600005"/>
          <ticker value="6310"/>
          <other otherDesc="SEDOL" value="6466822"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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        <name>Alk-Abello A/S</name>
        <lei>529900SGCREUZCZ7P020</lei>
        <title>Alk-Abello A/S SER'B'DKK0.50</title>
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          <ticker value="ALKB"/>
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        <currencyConditional curCd="DKK" exchangeRt="6.46520000"/>
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        <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>
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      <invstOrSec>
        <name>Zbom Home Collection Co Ltd</name>
        <lei>N/A</lei>
        <title>Zbom Home Collection Co Ltd A CNY1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CNE100002QR1"/>
          <ticker value="603801"/>
          <other otherDesc="SEDOL" value="BFMXLP3"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kobe Steel Ltd</name>
        <lei>549300ZDCYYUPHEE5K87</lei>
        <title>Kobe Steel Ltd NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3289800009"/>
          <ticker value="5406"/>
          <other otherDesc="SEDOL" value="6496023"/>
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        <balance>21100.00000000</balance>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>Wix.com Limited</name>
        <lei>5493008P6N29Q1AG9464</lei>
        <title>Wix.com Limited SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IL0011301780"/>
          <ticker value="WIX"/>
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        <balance>13651.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1229545.57000000</valUSD>
        <pctVal>0.118157130506</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>
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      <invstOrSec>
        <name>Dri Healthcare Trust</name>
        <lei>54930026XW2PX1DRPQ05</lei>
        <title>Dri Healthcare Trust UNIT</title>
        <cusip>23344H109</cusip>
        <identifiers>
          <isin value="CA23344H1091"/>
          <ticker value="DHT-U"/>
          <other otherDesc="SEDOL" value="BM8C3N5"/>
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        <balance>5500.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.39110000"/>
        <valUSD>66580.40000000</valUSD>
        <pctVal>0.006398257375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOKKO CHEMICAL INDUSTRY CO LTD</name>
        <lei>N/A</lei>
        <title>Hokko Chemical Ind NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3851000004"/>
          <ticker value="4992"/>
          <other otherDesc="SEDOL" value="6432306"/>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>JAPAN SYSTEM TECHNIQUES COMPANY LTD</name>
        <lei>N/A</lei>
        <title>Japan System Techn NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3712550007"/>
          <ticker value="4323"/>
          <other otherDesc="SEDOL" value="6412041"/>
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        <balance>7771.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <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>
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      <invstOrSec>
        <name>Achilles Corp</name>
        <lei>N/A</lei>
        <title>Achilles Corp NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3108000005"/>
          <ticker value="5142"/>
          <other otherDesc="SEDOL" value="6496045"/>
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        <balance>155.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <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>
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      <invstOrSec>
        <name>Union Semiconductor Equip&amp;Materials</name>
        <lei>N/A</lei>
        <title>Union Semiconductor Equip&amp;Materials KRW500</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KR7036200004"/>
          <ticker value="036200"/>
          <other otherDesc="SEDOL" value="6210461"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PETRONAS DAGANGAN BHD</name>
        <lei>N/A</lei>
        <title>PETRONAS Dagangan Berhad NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MYL5681OO001"/>
          <ticker value="PETD"/>
          <other otherDesc="SEDOL" value="6695938"/>
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        <currencyConditional curCd="MYR" exchangeRt="4.04900000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Morgan Stanley Institutional Liquidity Funds</name>
        <lei>5493000A332Y142SOW84</lei>
        <title>Morgan Stanley Institutional Liquidity Funds GOVT PTF INSTL</title>
        <cusip>61747C707</cusip>
        <identifiers>
          <isin value="US61747C7074"/>
          <ticker value="MVRXX"/>
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        <curCd>USD</curCd>
        <valUSD>1274396.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Motor Oil Refineries SA</name>
        <lei>213800U3Y9UL7Y4QVM11</lei>
        <title>Motor Oil Refineries SA EUR0.75</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GRS426003000"/>
          <ticker value="MOH"/>
          <other otherDesc="SEDOL" value="5996234"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sandoz Group AG</name>
        <lei>5493000JWK6XWFEUD320</lei>
        <title>Sandoz Group AG CHF0.05</title>
        <cusip>000000000</cusip>
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          <isin value="CH1243598427"/>
          <ticker value="SDZ"/>
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        <currencyConditional curCd="CHF" exchangeRt="0.79960000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHINDENGEN ELECTRIC MANUFACTURING CO LTD</name>
        <lei>353800ZRD3NQDG2I7X35</lei>
        <title>Shindengen Electric Manufacturing Co.,Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3377800002"/>
          <ticker value="6844"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Hafnia Ltd.</name>
        <lei>5493001KCFT0SCGJ2647</lei>
        <title>Hafnia Ltd. USD0.01</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Powszechny Zaklad Ubezpieczen SA</name>
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        <title>Powszechny Zaklad Ubezpieczen SA PLN0.10</title>
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          <other otherDesc="SEDOL" value="B63DG21"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shionogi &amp; Co Ltd.</name>
        <lei>35380049VXDTHZI3DY35</lei>
        <title>Shionogi &amp; Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3347200002"/>
          <ticker value="4507"/>
          <other otherDesc="SEDOL" value="6804682"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NETEASE INC</name>
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        <title>NetEase Inc. USD0.0001</title>
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          <isin value="KYG6427A1022"/>
          <ticker value="9999"/>
          <other otherDesc="SEDOL" value="BM93SF4"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ITFOR INC</name>
        <lei>N/A</lei>
        <title>ITFOR Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3530000003"/>
          <ticker value="4743"/>
          <other otherDesc="SEDOL" value="6213426"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TDK Corp.</name>
        <lei>3538005O8WNU39U8NX03</lei>
        <title>TDK Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3538800008"/>
          <ticker value="6762"/>
          <other otherDesc="SEDOL" value="6869302"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Softbank Group Corp.</name>
        <lei>5493003BZYYYCDIO0R13</lei>
        <title>Softbank Group Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3436100006"/>
          <ticker value="9984"/>
          <other otherDesc="SEDOL" value="6770620"/>
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        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>UTD Tractors</name>
        <lei>529900N9ELYOWQV4FW14</lei>
        <title>UTD Tractors IDR250</title>
        <cusip>000000000</cusip>
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          <isin value="ID1000058407"/>
          <ticker value="UNTR"/>
          <other otherDesc="SEDOL" value="6230845"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CNMC GOLDMINE HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>Cnmc Goldmine Hold NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG2D72974892"/>
          <ticker value="CNMC"/>
          <other otherDesc="SEDOL" value="B429GM6"/>
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        <balance>174700.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.28570000"/>
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        <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>
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      <invstOrSec>
        <name>Copa Holdings SA</name>
        <lei>529900BB9UQJV6QQHA59</lei>
        <title>Copa Holdings SA CL A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PAP310761054"/>
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        <name>ADATA Technology Co. Ltd.</name>
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        <name>Chin Hsin Environ Engineering Co Ltd.</name>
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        <name>Raiffeisen Bank International AG</name>
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        <name>Greggs PLC</name>
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        <name>Daheng New Epoch Technology Inc.</name>
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        <name>South32 Ltd.</name>
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        <name>Japan Post Bank Co Ltd.</name>
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        <name>Henglin Home Furnishings Co Ltd.</name>
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        <name>TotalEnergies SE</name>
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        <name>Anest Iwata Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>T.S. Lines Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>DWS Group Gmbh &amp; Co KgaA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Novonesis (Novozymes) B</name>
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        <fairValLevel>2</fairValLevel>
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        <name>China Construction Bank Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CHIPMOS TECHNOLOGIES INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Stella Jones Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Westwing Group SE</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INTERNATIONAL GAMES SYSTEM COMPANY LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KNT-CT HOLDINGS CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Warsaw Stock Exchange</name>
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        <fairValLevel>1</fairValLevel>
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        <name>QINGMU TEC CO LTD</name>
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        <name>Ensign Energy Services Inc.</name>
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        <name>MMC Norilsk Nickel Public Joint Stock Company</name>
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        <name>Metallurgical Corporation of China Ltd.</name>
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        <name>Bank of Nova Scotia</name>
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        <name>Eisai Co Ltd.</name>
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        <name>Orion Oyj</name>
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        <name>Bangkok Bank PCL</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ASUSTeK Computer Inc.</name>
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        <name>Norsk Hydro ASA</name>
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        <name>Magnum Ice Cream Co. NV (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Thrace Plastics Holding &amp; Commercial SA</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sanko Gosei Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Check Point Software Technologies Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ANHUI HUILONG AGRICULTURAL MEANS OF PRODUCTION CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAKAI CHEMICAL INDUSTRY CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Okinawa Financial Group Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Dongkuk Holdings</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Biprogy Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Double Standard Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Optex Group Company Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Torex Gold Resources Inc</name>
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        <name>CHINA YUCHAI INTERNATIONAL LTD</name>
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        <name>Ginebra San Miguel Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Aumovio SE</name>
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        <name>Roche Holding AG</name>
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        <fairValLevel>2</fairValLevel>
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        <name>FUJIAN FOXIT SOFWARE DEVELOPMENT JSC LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LUOLAI LIFESTYLE TECHNOLOGY CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Jeronimo Martins - S.G.P.S., S.A.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TAIHO KOGYO CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TIANGONG INTERNATIONAL COMPANY LTD</name>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Akatsuki Inc</name>
        <lei>353800EZN28NUOR4N912</lei>
        <title>Akatsuki Inc NPV</title>
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          <isin value="JP3107000006"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Betagro Public Co Ltd.</name>
        <lei>549300V7W7WH9E6DPM03</lei>
        <title>Betagro Public Co Ltd. THB5 (NVDR)</title>
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          <isin value="TH0612010R10"/>
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        <invCountry>TH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Fujitsu Ltd.</name>
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        <title>Fujitsu Ltd. NPV</title>
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          <isin value="JP3818000006"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Endeavour Mining PLC</name>
        <lei>529900NI5MXQ91GHXR07</lei>
        <title>Endeavour Mining PLC ORD USD0.01</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Societe Generale S.A.</name>
        <lei>O2RNE8IBXP4R0TD8PU41</lei>
        <title>Societe Generale S.A. EUR1.25</title>
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          <isin value="FR0000130809"/>
          <ticker value="GLE"/>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Changhong Meiling Co Ltd</name>
        <lei>300300QBGXR1II3SZZ74</lei>
        <title>Changhong Meiling Co Ltd 'A'CNY1</title>
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          <isin value="CNE000000BT4"/>
          <ticker value="000521"/>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BUSINESS ENGINEERING CORP</name>
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        <title>Business Engineering Corporation NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3618800001"/>
          <ticker value="4828"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Contemporary Amperex Technology Co Ltd.</name>
        <lei>300300KINDY1K0E9I032</lei>
        <title>Contemporary Amperex Technology Co Ltd. 'A' CNY1</title>
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        <invCountry>CN</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW ORIENTAL EDUCATION &amp; TECHNOLOGY GROUP INC</name>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TRIMEGAH BANGUN PERSADA TBK PT</name>
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        <title>Trimegah Bangun Persada Tbk IDR100</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Exem Co Ltd</name>
        <lei>N/A</lei>
        <title>Exem Co Ltd KRW100</title>
        <cusip>000000000</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Canada Packers Inc</name>
        <lei>894500HMD2RU8EFIQ237</lei>
        <title>Canada Packers Inc COM</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Ichiken Co Ltd</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Hellenic Telecommunications Organization S.A.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CRH PLC</name>
        <lei>549300MIDJNNTH068E74</lei>
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        <invCountry>IE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SEOUL SEMICONDUCTOR CO LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Zhihu Inc</name>
        <lei>N/A</lei>
        <title>Zhihu Inc SPONSORED ADS</title>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>DSV A/S</name>
        <lei>529900X41C0BSLK67H70</lei>
        <title>DSV A/S DKK1</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kita-Nippon Bank Ltd. (The)</name>
        <lei>353800BEJYJ7JD023D06</lei>
        <title>Kita-Nippon Bank Ltd. (The) NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3238200004"/>
          <ticker value="8551"/>
          <other otherDesc="SEDOL" value="6494287"/>
        </identifiers>
        <balance>2200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>64165.52000000</valUSD>
        <pctVal>0.006166191726</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>Nachi-Fujikoshi Corp.</name>
        <lei>353800VMZ8DPGXDO5U37</lei>
        <title>Nachi-Fujikoshi Corp. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3813200007"/>
          <ticker value="6474"/>
          <other otherDesc="SEDOL" value="6619905"/>
        </identifiers>
        <balance>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
        <valUSD>69265.47000000</valUSD>
        <pctVal>0.006656287801</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>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Optimum Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Dan Geatens</ncom:signature>
      <ncom:signerName>Dan Geatens</ncom:signerName>
      <ncom:title>Division Director - Head of US Fund Administration</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
