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        </identifiers>
        <balance>421568.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>9863301.79000000</valUSD>
        <pctVal>0.068540529950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BIG YELLOW GROUP PLC</name>
        <lei>213800W7Q4V2ZI8LIW31</lei>
        <title>BIG YELLOW GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0002869419"/>
          <other otherDesc="Internal" value="0286941"/>
        </identifiers>
        <balance>734891.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>9020024.55000000</valUSD>
        <pctVal>0.062680558294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RS GROUP PLC</name>
        <lei>549300KVXDURRKVW7R37</lei>
        <title>RS GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0003096442"/>
          <other otherDesc="Internal" value="0309644"/>
        </identifiers>
        <balance>1858567.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>15224848.02000000</valUSD>
        <pctVal>0.105798157039</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRSTGROUP PLC</name>
        <lei>549300DEJZCPWA4HKM93</lei>
        <title>FIRSTGROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0003452173"/>
          <other otherDesc="Internal" value="0345217"/>
        </identifiers>
        <balance>2276384.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>5036679.53000000</valUSD>
        <pctVal>0.035000113707</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Games Workshop Group PLC</name>
        <lei>213800RP9QJQYGWHNT41</lei>
        <title>GAMES WORKSHOP GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0003718474"/>
          <other otherDesc="Internal" value="0371847"/>
        </identifiers>
        <balance>130408.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>34587665.65000000</valUSD>
        <pctVal>0.240351251931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREENCORE GROUP PUBLIC LIMITED COMPANY</name>
        <lei>635400GGBEWULJXM5868</lei>
        <title>GREENCORE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE0003864109"/>
          <other otherDesc="Internal" value="0386410"/>
        </identifiers>
        <balance>2204993.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>7549116.11000000</valUSD>
        <pctVal>0.052459149061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAYS PLC</name>
        <lei>213800QC8AWD4BO8TH08</lei>
        <title>HAYS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004161021"/>
          <other otherDesc="Internal" value="0416102"/>
        </identifiers>
        <balance>6090163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2767920.65000000</valUSD>
        <pctVal>0.019234405704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HILL &amp; SMITH PLC</name>
        <lei>2138003A3ISGQZBOWI83</lei>
        <title>HILL SMITH PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004270301"/>
          <other otherDesc="Internal" value="0427030"/>
        </identifiers>
        <balance>313026.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>10946916.06000000</valUSD>
        <pctVal>0.076070614491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PAN AFRICAN RESOURCES PLC</name>
        <lei>213800EAXURCXMX6RL85</lei>
        <title>PAN AFRICAN RESOURCES PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004300496"/>
          <other otherDesc="Internal" value="0430049"/>
        </identifiers>
        <balance>7999862.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>15276585.53000000</valUSD>
        <pctVal>0.106157683334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUNTING PLC</name>
        <lei>2138008S5FL78ITZRN66</lei>
        <title>HUNTING PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004478896"/>
          <other otherDesc="Internal" value="0447889"/>
        </identifiers>
        <balance>492588.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3405068.03000000</valUSD>
        <pctVal>0.023661971646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADVANCED MEDICAL SOLUTIONS GROUP PLC</name>
        <lei>213800HJP6OWOSZI1L74</lei>
        <title>ADVANCED MEDICAL SOLUTIONS GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004536594"/>
          <other otherDesc="Internal" value="0453659"/>
        </identifiers>
        <balance>842577.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2786083.49000000</valUSD>
        <pctVal>0.019360620100</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MITIE GROUP PLC</name>
        <lei>213800MTCLTKEHWZMJ03</lei>
        <title>MITIE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004657408"/>
          <other otherDesc="Internal" value="0465740"/>
        </identifiers>
        <balance>4988469.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>11797644.43000000</valUSD>
        <pctVal>0.081982364386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOHNSON SERVICE GROUP PLC</name>
        <lei>2138004WZUPWV53KWV11</lei>
        <title>JOHNSON SERVICE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004762810"/>
          <other otherDesc="Internal" value="0476281"/>
        </identifiers>
        <balance>1485718.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2606969.71000000</valUSD>
        <pctVal>0.018115950347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KELLER GROUP PLC</name>
        <lei>549300QO4MBL43UHSN10</lei>
        <title>KELLER GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004866223"/>
          <other otherDesc="Internal" value="0486622"/>
        </identifiers>
        <balance>280816.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>8535998.77000000</valUSD>
        <pctVal>0.059317041271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KIER GROUP PLC</name>
        <lei>2138002RKCU2OM4Y7O48</lei>
        <title>KIER GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0004915632"/>
          <other otherDesc="Internal" value="0491563"/>
        </identifiers>
        <balance>1646915.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>4583257.46000000</valUSD>
        <pctVal>0.031849263248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RENEW HOLDINGS PLC.</name>
        <lei>213800O3DC3V4WYA2E09</lei>
        <title>RENEW HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0005359004"/>
          <other otherDesc="Internal" value="0535900"/>
        </identifiers>
        <balance>311448.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3835415.14000000</valUSD>
        <pctVal>0.026652473164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOWDEN JOINERY GROUP PLC</name>
        <lei>213800KC1LJOJTY3JP45</lei>
        <title>HOWDEN JOINERY GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0005576813"/>
          <other otherDesc="Internal" value="0557681"/>
        </identifiers>
        <balance>2130127.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>22473464.63000000</valUSD>
        <pctVal>0.156169121492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN ADVANCED MATERIALS PLC</name>
        <lei>I4K14LL95N2PHDL7EG85</lei>
        <title>MORGAN ADVANCED MATERIALS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0006027295"/>
          <other otherDesc="Internal" value="0602729"/>
        </identifiers>
        <balance>1100296.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3271442.03000000</valUSD>
        <pctVal>0.022733398532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>4imprint Group PLC</name>
        <lei>213800G95T751RN2CT94</lei>
        <title>4IMPRINT GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0006640972"/>
          <other otherDesc="Internal" value="0664097"/>
        </identifiers>
        <balance>109758.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>5442429.43000000</valUSD>
        <pctVal>0.037819688101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OXFORD INSTRUMENTS PLC</name>
        <lei>213800J364EZD6UCE231</lei>
        <title>OXFORD INSTRUMENTS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0006650450"/>
          <other otherDesc="Internal" value="0665045"/>
        </identifiers>
        <balance>220082.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>8642892.36000000</valUSD>
        <pctVal>0.060059849660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Funds III: BlackRock Cash Funds: Treasury; SL Agency Shares</name>
        <lei>N/A</lei>
        <title>BLACKROCK CASH FUNDS TREASURY</title>
        <cusip>066922477</cusip>
        <identifiers>
          <isin value="US0669224778"/>
          <other otherDesc="Internal" value="066922477"/>
        </identifiers>
        <balance>4731230.22000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4731230.22000000</valUSD>
        <pctVal>0.032877532645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares</name>
        <lei>N/A</lei>
        <title>BLACKROCK CASH FUNDS INSTITUTIONAL FUND SL AGENCY</title>
        <cusip>066922519</cusip>
        <identifiers>
          <isin value="US0669225197"/>
          <other otherDesc="Internal" value="066922519            00001"/>
        </identifiers>
        <balance>549908841.88540000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>550073814.54000000</valUSD>
        <pctVal>3.822487800047</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="550073814.54000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PERSIMMON PUBLIC LIMITED COMPANY</name>
        <lei>213800XI72Y57UWN6F31</lei>
        <title>PERSIMMON PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0006825383"/>
          <other otherDesc="Internal" value="0682538"/>
        </identifiers>
        <balance>1264599.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>18234848.20000000</valUSD>
        <pctVal>0.126714784339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GB GROUP PLC</name>
        <lei>213800RBAFZIBCV7XR29</lei>
        <title>GB GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0006870611"/>
          <other otherDesc="Internal" value="0687061"/>
        </identifiers>
        <balance>966094.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2793550.79000000</valUSD>
        <pctVal>0.019412510705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE UNITE GROUP PLC</name>
        <lei>213800BBUUWVDH9YI827</lei>
        <title>UNITE GROUP PLC THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0006928617"/>
          <other otherDesc="Internal" value="0692861"/>
        </identifiers>
        <balance>1728926.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>10895287.40000000</valUSD>
        <pctVal>0.075711844599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RENISHAW P L C</name>
        <lei>21380048ADXM6Z67CT18</lei>
        <title>RENISHAW PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0007323586"/>
          <other otherDesc="Internal" value="0732358"/>
        </identifiers>
        <balance>142775.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>9197264.48000000</valUSD>
        <pctVal>0.063912206579</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M P Evans Group PLC</name>
        <lei>2138003IBXJUCR4SZG26</lei>
        <title>MP EVANS GROUP PLC</title>
        <cusip>G63363108</cusip>
        <identifiers>
          <isin value="GB0007538100"/>
          <other otherDesc="Internal" value="0753810"/>
        </identifiers>
        <balance>153753.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3761763.94000000</valUSD>
        <pctVal>0.026140667647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLOSE BROTHERS GROUP PLC</name>
        <lei>213800W73SYHR14I3X91</lei>
        <title>CLOSE BROTHERS GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0007668071"/>
          <other otherDesc="Internal" value="0766807"/>
        </identifiers>
        <balance>596765.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3594899.04000000</valUSD>
        <pctVal>0.024981115914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ST. JAMES'S PLACE PLC</name>
        <lei>213800M993ICXOMBCP87</lei>
        <title>ST JAMES S PLACE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0007669376"/>
          <other otherDesc="Internal" value="0766937"/>
        </identifiers>
        <balance>2081835.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>34375069.42000000</valUSD>
        <pctVal>0.238873911119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SENIOR PLC</name>
        <lei>5493002HQHWN5JQHKQ51</lei>
        <title>SENIOR PLC</title>
        <cusip>G8031U102</cusip>
        <identifiers>
          <isin value="GB0007958233"/>
          <other otherDesc="Internal" value="0795823"/>
        </identifiers>
        <balance>1653999.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>6425687.62000000</valUSD>
        <pctVal>0.044652393706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SERCO GROUP PLC</name>
        <lei>549300PT2CIHYN5GWJ21</lei>
        <title>SERCO GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0007973794"/>
          <other otherDesc="Internal" value="0797379"/>
        </identifiers>
        <balance>3982226.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>15248539.52000000</valUSD>
        <pctVal>0.105962790343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN SINDALL GROUP PLC</name>
        <lei>2138008339ULDGZRB345</lei>
        <title>MORGAN SINDALL GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0008085614"/>
          <other otherDesc="Internal" value="0808561"/>
        </identifiers>
        <balance>178013.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>11346106.58000000</valUSD>
        <pctVal>0.078844607457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ME GROUP INTERNATIONAL PLC</name>
        <lei>2138006YJ65EKBYYYX41</lei>
        <title>ME GROUP INTERNATIONAL PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0008481250"/>
          <other otherDesc="Internal" value="0848125"/>
        </identifiers>
        <balance>841567.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1676455.85000000</valUSD>
        <pctVal>0.011649767475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TAYLOR WIMPEY PLC</name>
        <lei>21380089BTRXTD8S3R66</lei>
        <title>TAYLOR WIMPEY PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0008782301"/>
          <other otherDesc="Internal" value="0878230"/>
        </identifiers>
        <balance>14053284.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>14865522.62000000</valUSD>
        <pctVal>0.103301188593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELECOM PLUS PLC</name>
        <lei>549300QGHDX5UKE58G86</lei>
        <title>TELECOM PLUS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0008794710"/>
          <other otherDesc="Internal" value="0879471"/>
        </identifiers>
        <balance>279376.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>4447881.52000000</valUSD>
        <pctVal>0.030908529722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VICTREX PLC</name>
        <lei>213800UYNPHAUNHPXL67</lei>
        <title>VICTREX PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0009292243"/>
          <other otherDesc="Internal" value="0929224"/>
        </identifiers>
        <balance>333213.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2734119.56000000</valUSD>
        <pctVal>0.018999520402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VOLEX PLC</name>
        <lei>213800HBLQNH5FXXGE63</lei>
        <title>VOLEX PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0009390070"/>
          <other otherDesc="Internal" value="0939007"/>
        </identifiers>
        <balance>540316.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>4389352.02000000</valUSD>
        <pctVal>0.030501805581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEIR GROUP PLC(THE)</name>
        <lei>549300KDR56WHY9I3D10</lei>
        <title>WEIR GROUP PLC THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0009465807"/>
          <other otherDesc="Internal" value="0946580"/>
        </identifiers>
        <balance>1027192.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>37230902.95000000</valUSD>
        <pctVal>0.258719227400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BABCOCK INTERNATIONAL GROUP PLC</name>
        <lei>213800TSKOLX4EU6L377</lei>
        <title>BABCOCK INTERNATIONAL GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0009697037"/>
          <other otherDesc="Internal" value="0969703"/>
        </identifiers>
        <balance>985078.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>14840456.53000000</valUSD>
        <pctVal>0.103127003201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREAT BRITISH POUND</name>
        <lei>N/A</lei>
        <title>GREAT BRITISH POUND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="GBP"/>
        </identifiers>
        <balance>257292.17000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>350110.25000000</valUSD>
        <pctVal>0.002432931951</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AUSTRALIAN DOLLAR</name>
        <lei>N/A</lei>
        <title>AUSTRALIAN DOLLAR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="AUD"/>
        </identifiers>
        <balance>27132402.08000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>19533977.75000000</valUSD>
        <pctVal>0.135742494301</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW ZEALAND DOLLAR</name>
        <lei>N/A</lei>
        <title>NEW ZEALAND DOLLAR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="NZD"/>
        </identifiers>
        <balance>617438.66000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69276300"/>
        <valUSD>364751.98000000</valUSD>
        <pctVal>0.002534677995</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HONG KONG DOLLAR</name>
        <lei>N/A</lei>
        <title>HONG KONG DOLLAR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="HKD"/>
        </identifiers>
        <balance>6187750.48000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>790009.64000000</valUSD>
        <pctVal>0.005489812696</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SINGAPORE DOLLARS</name>
        <lei>N/A</lei>
        <title>SINGAPORE DOLLARS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="SGD"/>
        </identifiers>
        <balance>932278.56000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>732462.73000000</valUSD>
        <pctVal>0.005089916617</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ISRAELI SHEKEL</name>
        <lei>N/A</lei>
        <title>ISRAELI SHEKEL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="ILS"/>
        </identifiers>
        <balance>18556746.22000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>6295223.89000000</valUSD>
        <pctVal>0.043745795349</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DANISH KRONER</name>
        <lei>N/A</lei>
        <title>DANISH KRONER</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="DKK"/>
        </identifiers>
        <balance>4774842.91000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>749918.40000000</valUSD>
        <pctVal>0.005211216857</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORWEGIAN KRONE</name>
        <lei>N/A</lei>
        <title>NORWEGIAN KRONE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="NOK"/>
        </identifiers>
        <balance>20521069.84000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>2214974.02000000</valUSD>
        <pctVal>0.015391954579</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWEDISH KRONE</name>
        <lei>N/A</lei>
        <title>SWEDISH KRONE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="SEK"/>
        </identifiers>
        <balance>31032638.72000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>3361147.95000000</valUSD>
        <pctVal>0.023356769025</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAPANESE YEN</name>
        <lei>N/A</lei>
        <title>JAPANESE YEN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="JPY"/>
        </identifiers>
        <balance>905754824.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5785537.50000000</valUSD>
        <pctVal>0.040203961588</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWISS FRANC</name>
        <lei>N/A</lei>
        <title>SWISS FRANC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="CHF"/>
        </identifiers>
        <balance>3006832.61000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>3848253.16000000</valUSD>
        <pctVal>0.026741685146</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURO</name>
        <lei>N/A</lei>
        <title>EURO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="EUR"/>
        </identifiers>
        <balance>7910449.54000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>9284096.62000000</valUSD>
        <pctVal>0.064515607044</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetConditional assetCat="OTHER" desc="currency"/>
        <issuerConditional desc="currency" issuerCat="OTHER"/>
        <invCountry>XX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PAGEGROUP PLC</name>
        <lei>213800JK5ZEQW4AB8G71</lei>
        <title>PAGEGROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0030232317"/>
          <other otherDesc="Internal" value="3023231"/>
        </identifiers>
        <balance>1190745.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2166349.03000000</valUSD>
        <pctVal>0.015054057326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARNIVAL PLC</name>
        <lei>4DR1VPDQMHD3N3QW8W95</lei>
        <title>CARNIVAL PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0031215220"/>
          <other otherDesc="Internal" value="3121522"/>
        </identifiers>
        <balance>545674.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>14475321.27000000</valUSD>
        <pctVal>0.100589661775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BURBERRY GROUP PLC</name>
        <lei>213800PE1KEFCNFR1R50</lei>
        <title>BURBERRY GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0031743007"/>
          <other otherDesc="Internal" value="3174300"/>
        </identifiers>
        <balance>1425374.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>22618066.97000000</valUSD>
        <pctVal>0.157173969689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITV PLC</name>
        <lei>ZLECI7ED2QMWFGYCXZ59</lei>
        <title>ITV PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0033986497"/>
          <other otherDesc="Internal" value="3398649"/>
        </identifiers>
        <balance>13299086.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>14471258.09000000</valUSD>
        <pctVal>0.100561426554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ERAMET SA</name>
        <lei>549300LUH78PG2MP6N64</lei>
        <title>ERAMET SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000131757"/>
          <other otherDesc="Internal" value="4017017"/>
        </identifiers>
        <balance>34817.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2402007.75000000</valUSD>
        <pctVal>0.016691660423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1755231.09904500"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PORR AG</name>
        <lei>529900ARBU9SBJFNX419</lei>
        <title>PORR AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000609607"/>
          <other otherDesc="Internal" value="4019950"/>
        </identifiers>
        <balance>77341.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3540078.38000000</valUSD>
        <pctVal>0.024600164670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLANBIA PUBLIC LIMITED COMPANY</name>
        <lei>635400SRMCBHVMSKJS84</lei>
        <title>GLANBIA PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE0000669501"/>
          <other otherDesc="Internal" value="4058629"/>
        </identifiers>
        <balance>826824.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>19194546.19000000</valUSD>
        <pctVal>0.133383769049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARNOLDO MONDADORI EDITORE SPA</name>
        <lei>815600049A1F9AFE6666</lei>
        <title>ARNOLDO MONDADORI EDITORE SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001469383"/>
          <other otherDesc="Internal" value="4084895"/>
        </identifiers>
        <balance>512869.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1239972.79000000</valUSD>
        <pctVal>0.008616626963</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCO DI DESIO E DELLA BRIANZA SOCIETA PER AZIONI</name>
        <lei>81560026D234790EB288</lei>
        <title>BANCO DI DESIO E DELLA BRIANZA SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001041000"/>
          <other otherDesc="Internal" value="4115740"/>
        </identifiers>
        <balance>140706.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1526038.38000000</valUSD>
        <pctVal>0.010604509678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bure Equity AB</name>
        <lei>5493000EHCBQ7QQBGX32</lei>
        <title>BURE EQUITY AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000195810"/>
          <other otherDesc="Internal" value="4152651"/>
        </identifiers>
        <balance>218380.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>6356487.27000000</valUSD>
        <pctVal>0.044171517346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COFINIMMO SA</name>
        <lei>549300TM914CSF6KI389</lei>
        <title>COFINIMMO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003593044"/>
          <other otherDesc="Internal" value="4177988"/>
        </identifiers>
        <balance>31770.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3133474.52000000</valUSD>
        <pctVal>0.021774656069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CIR S.p.A. - Compagnie Industriali Riunite</name>
        <lei>5493003VOSQJSPCM0T38</lei>
        <title>CIR SPA COMPAGNIE INDUSTRIALI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0000070786"/>
          <other otherDesc="Internal" value="4207636"/>
        </identifiers>
        <balance>2562672.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2012137.38000000</valUSD>
        <pctVal>0.013982433600</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DANIELI &amp; C. OFFICINE MECCANICHE S.P.A.</name>
        <lei>815600B4B8C6A353E566</lei>
        <title>DANIELI C OFFICINE MECCANICHE SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0000076502"/>
          <other otherDesc="Internal" value="4253350"/>
        </identifiers>
        <balance>40505.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3172338.60000000</valUSD>
        <pctVal>0.022044724318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="494197.17481700"/>
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      </invstOrSec>
      <invstOrSec>
        <name>DANIELI &amp; C. OFFICINE MECCANICHE S.P.A.</name>
        <lei>815600B4B8C6A353E566</lei>
        <title>DANIELI C OFFICINE MECCANICHE SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0000076486"/>
          <other otherDesc="Internal" value="4253372"/>
        </identifiers>
        <balance>142745.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>8032793.97000000</valUSD>
        <pctVal>0.055820248372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVN AG</name>
        <lei>529900P4JZBFEVNEAE60</lei>
        <title>EVN AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000741053"/>
          <other otherDesc="Internal" value="4295374"/>
        </identifiers>
        <balance>147338.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5006241.72000000</valUSD>
        <pctVal>0.034788599989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEUGEOT INVEST SA</name>
        <lei>969500Z8LOO0H8JY2E60</lei>
        <title>PEUGEOT INVEST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000064784"/>
          <other otherDesc="Internal" value="4344072"/>
        </identifiers>
        <balance>19940.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1511537.06000000</valUSD>
        <pctVal>0.010503739349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALM. BRAND A/S</name>
        <lei>549300H4TGLJVZ6VTA48</lei>
        <title>ALM BRAND A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0015250344"/>
          <other otherDesc="Internal" value="4350024"/>
        </identifiers>
        <balance>2935154.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>6850221.60000000</valUSD>
        <pctVal>0.047602499521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Forbo Holding AG</name>
        <lei>506700HR073894C16243</lei>
        <title>FORBO HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0003541510"/>
          <other otherDesc="Internal" value="4350035"/>
        </identifiers>
        <balance>3792.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>3572445.22000000</valUSD>
        <pctVal>0.024825083304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Internet AG</name>
        <lei>3VEKWPJHTD4NKMBVG947</lei>
        <title>UNITED INTERNET AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005089031"/>
          <other otherDesc="Internal" value="4354134"/>
        </identifiers>
        <balance>340110.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>10685340.72000000</valUSD>
        <pctVal>0.074252915630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RECTICEL SA</name>
        <lei>549300R8K43AXHYP5M15</lei>
        <title>RECTICEL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003656676"/>
          <other otherDesc="Internal" value="4363497"/>
        </identifiers>
        <balance>160536.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1904558.64000000</valUSD>
        <pctVal>0.013234864073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FORVIA SE</name>
        <lei>969500F0VMZLK2IULV85</lei>
        <title>FORVIA SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000121147"/>
          <other otherDesc="Internal" value="4400446"/>
        </identifiers>
        <balance>627389.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>7395987.06000000</valUSD>
        <pctVal>0.051395048371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Peab AB</name>
        <lei>549300FQS4VD3153I854</lei>
        <title>PEAB AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000106205"/>
          <other otherDesc="Internal" value="4407760"/>
        </identifiers>
        <balance>675071.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>6558576.39000000</valUSD>
        <pctVal>0.045575843775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fielmann Group AG</name>
        <lei>529900BU5B7N9GE4XU15</lei>
        <title>FIELMANN GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005772206"/>
          <other otherDesc="Internal" value="4409205"/>
        </identifiers>
        <balance>99970.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4990234.71000000</valUSD>
        <pctVal>0.034677366553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIQA Insurance Group AG</name>
        <lei>529900OOW8ELHOXWZP82</lei>
        <title>UNIQA INSURANCE GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000821103"/>
          <other otherDesc="Internal" value="4422332"/>
        </identifiers>
        <balance>488405.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>9371494.57000000</valUSD>
        <pctVal>0.065122939349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERPARFUMS SA</name>
        <lei>969500SARWF33OPQED48</lei>
        <title>INTERPARFUMS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0004024222"/>
          <other otherDesc="Internal" value="4433839"/>
        </identifiers>
        <balance>98506.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2740801.81000000</valUSD>
        <pctVal>0.019045955659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Huhtamaki Oyj</name>
        <lei>5493007050SJVMXN6L29</lei>
        <title>HUHTAMAKI OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009000459"/>
          <other otherDesc="Internal" value="4447476"/>
        </identifiers>
        <balance>386291.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>12362718.29000000</valUSD>
        <pctVal>0.085909088180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hufvudstaden AB</name>
        <lei>213800UEV5ZAFFVQ4J85</lei>
        <title>HUFVUDSTADEN AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000170375"/>
          <other otherDesc="Internal" value="4449137"/>
        </identifiers>
        <balance>458259.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>6102999.76000000</valUSD>
        <pctVal>0.042410021181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DERICHEBOURG SA</name>
        <lei>969500QOO4C4IPGID263</lei>
        <title>DERICHEBOURG SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000053381"/>
          <other otherDesc="Internal" value="4457088"/>
        </identifiers>
        <balance>375424.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3999619.03000000</valUSD>
        <pctVal>0.027793533418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRIGANO SA</name>
        <lei>969500KLZPNMO8TUM811</lei>
        <title>TRIGANO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0005691656"/>
          <other otherDesc="Internal" value="4457624"/>
        </identifiers>
        <balance>33837.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6222619.77000000</valUSD>
        <pctVal>0.043241266038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KWS SAAT SE &amp; Co. KGaA</name>
        <lei>529900FR2K4P9L9XLV21</lei>
        <title>KWS SAAT SE CO KGAA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007074007"/>
          <other otherDesc="Internal" value="4495044"/>
        </identifiers>
        <balance>46464.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4188092.85000000</valUSD>
        <pctVal>0.029103246512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KSB SE &amp; Co. KGaA</name>
        <lei>529900BVAET534PD7C28</lei>
        <title>KSB SE CO KGAA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006292030"/>
          <other otherDesc="Internal" value="4498065"/>
        </identifiers>
        <balance>2713.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3036788.82000000</valUSD>
        <pctVal>0.021102782770</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>
      <invstOrSec>
        <name>TX Group AG</name>
        <lei>506700302V28Y6O14985</lei>
        <title>TX GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0011178255"/>
          <other otherDesc="Internal" value="4498816"/>
        </identifiers>
        <balance>12356.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>1960893.33000000</valUSD>
        <pctVal>0.013626336380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GN STORE NORD A/S</name>
        <lei>5493008U3H3W0NKPFL10</lei>
        <title>GN STORE NORD A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0010272632"/>
          <other otherDesc="Internal" value="4501093"/>
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        <balance>535631.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>8056726.89000000</valUSD>
        <pctVal>0.055986559314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Lenzing Aktiengesellschaft</name>
        <lei>529900BKFJBI0QRDJH63</lei>
        <title>LENZING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000644505"/>
          <other otherDesc="Internal" value="4512330"/>
        </identifiers>
        <balance>74850.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2048698.25000000</valUSD>
        <pctVal>0.014236496738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Kemira Oyj</name>
        <lei>74370031Y7RK5H88CQ48</lei>
        <title>KEMIRA OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009004824"/>
          <other otherDesc="Internal" value="4513612"/>
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        <balance>471862.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>9784669.52000000</valUSD>
        <pctVal>0.067994110752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICADE SA</name>
        <lei>969500UDH342QLTE1M42</lei>
        <title>ICADE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000035081"/>
          <other otherDesc="Internal" value="4554406"/>
        </identifiers>
        <balance>137697.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3314991.61000000</valUSD>
        <pctVal>0.023036026532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DEUTZ Aktiengesellschaft</name>
        <lei>5299005DETTV58V2PP63</lei>
        <title>DEUTZ AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006305006"/>
          <other otherDesc="Internal" value="4557847"/>
        </identifiers>
        <balance>570356.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6669431.28000000</valUSD>
        <pctVal>0.046346179416</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>
      <invstOrSec>
        <name>OC Oerlikon Corporation AG, Pfaeffikon</name>
        <lei>529900I8VLAZR2FJ0M10</lei>
        <title>OC OERLIKON CORP AG PFAFFIKON</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0000816824"/>
          <other otherDesc="Internal" value="4612757"/>
        </identifiers>
        <balance>755486.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>3304823.86000000</valUSD>
        <pctVal>0.022965370378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NCC Aktiebolag</name>
        <lei>213800WRGLW3CY4MHW53</lei>
        <title>NCC AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000117970"/>
          <other otherDesc="Internal" value="4645742"/>
        </identifiers>
        <balance>349670.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>7544259.73000000</valUSD>
        <pctVal>0.052425401857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corticeira Amorim, S.G.P.S., S.A.</name>
        <lei>213800J5M11TDEP3LQ76</lei>
        <title>CORTICEIRA AMORIM SGPS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PTCOR0AE0006"/>
          <other otherDesc="Internal" value="4657736"/>
        </identifiers>
        <balance>158166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1192430.99000000</valUSD>
        <pctVal>0.008286256846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Outokumpu Oyj</name>
        <lei>5493009YRUJJDCFF0R80</lei>
        <title>OUTOKUMPU OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009002422"/>
          <other otherDesc="Internal" value="4665148"/>
        </identifiers>
        <balance>1494442.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>10052249.72000000</valUSD>
        <pctVal>0.069853537656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kontron AG</name>
        <lei>5299002PSXXMVHB26433</lei>
        <title>KONTRON AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000A0E9W5"/>
          <other otherDesc="Internal" value="4665933"/>
        </identifiers>
        <balance>153391.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3845981.20000000</valUSD>
        <pctVal>0.026725897193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3807519.13142300"/>
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      </invstOrSec>
      <invstOrSec>
        <name>LEROY SEAFOOD GROUP ASA</name>
        <lei>5967007LIEEXZXJ2JK50</lei>
        <title>LEROY SEAFOOD GROUP ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0003096208"/>
          <other otherDesc="Internal" value="4691916"/>
        </identifiers>
        <balance>1053345.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>5166275.95000000</valUSD>
        <pctVal>0.035900685087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REMY COINTREAU SA</name>
        <lei>5493004V6A3Z027YT216</lei>
        <title>REMY COINTREAU SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000130395"/>
          <other otherDesc="Internal" value="4741714"/>
        </identifiers>
        <balance>93016.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4384852.83000000</valUSD>
        <pctVal>0.030470540506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1392210.57267900"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IREN S.P.A.</name>
        <lei>8156001EBD33FD474E60</lei>
        <title>IREN SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003027817"/>
          <other otherDesc="Internal" value="4783211"/>
        </identifiers>
        <balance>2303364.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>7048429.79000000</valUSD>
        <pctVal>0.048979857192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEB SA</name>
        <lei>969500WP61NBK098AC47</lei>
        <title>SEB SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000121709"/>
          <other otherDesc="Internal" value="4792132"/>
        </identifiers>
        <balance>97800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6002108.54000000</valUSD>
        <pctVal>0.041708923534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOLVAY SA</name>
        <lei>549300MMVL80RTBP3O28</lei>
        <title>SOLVAY SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003470755"/>
          <other otherDesc="Internal" value="4821100"/>
        </identifiers>
        <balance>294084.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>9602939.58000000</valUSD>
        <pctVal>0.066731261185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALTAREA SCA</name>
        <lei>969500ICGCY1PD6OT783</lei>
        <title>ALTAREA SCA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000033219"/>
          <other otherDesc="Internal" value="4821638"/>
        </identifiers>
        <balance>22855.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3003889.93000000</valUSD>
        <pctVal>0.020874166896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VIVENDI SE</name>
        <lei>969500FU4DRAEVJW7U54</lei>
        <title>VIVENDI SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000127771"/>
          <other otherDesc="Internal" value="4834777"/>
        </identifiers>
        <balance>2623042.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6123469.16000000</valUSD>
        <pctVal>0.042552263967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STOREBRAND ASA</name>
        <lei>5967007LIEEXZX7NA051</lei>
        <title>STOREBRAND ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0003053605"/>
          <other otherDesc="Internal" value="4852832"/>
        </identifiers>
        <balance>1615869.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>31236284.70000000</valUSD>
        <pctVal>0.217062354230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sulzer AG</name>
        <lei>529900NZ6MAST5IJF669</lei>
        <title>SULZER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0038388911"/>
          <other otherDesc="Internal" value="4854719"/>
        </identifiers>
        <balance>74153.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>14114903.36000000</valUSD>
        <pctVal>0.098085101428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TESSENDERLO GROUP NV</name>
        <lei>549300ZKLIF7RP6EH823</lei>
        <title>TESSENDERLO GROUP SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003555639"/>
          <other otherDesc="Internal" value="4884006"/>
        </identifiers>
        <balance>87601.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2197858.21000000</valUSD>
        <pctVal>0.015273016042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ROBERTET SA</name>
        <lei>969500EUEC3HIYQOCS92</lei>
        <title>ROBERTET SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000039091"/>
          <other otherDesc="Internal" value="4899572"/>
        </identifiers>
        <balance>3490.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3276829.93000000</valUSD>
        <pctVal>0.022770839293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>voestalpine AG</name>
        <lei>529900ZAXBMQDIWPNB72</lei>
        <title>VOESTALPINE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000937503"/>
          <other otherDesc="Internal" value="4943402"/>
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        <balance>423414.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>21891768.01000000</valUSD>
        <pctVal>0.152126885388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INDUS Holding Aktiengesellschaft</name>
        <lei>529900GE4O7ZOMRWR939</lei>
        <title>INDUS HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006200108"/>
          <other otherDesc="Internal" value="4943510"/>
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        <balance>70874.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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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>Wereldhave N.V.</name>
        <lei>724500YRQCY3BD9RJZ92</lei>
        <title>WERELDHAVE NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000289213"/>
          <other otherDesc="Internal" value="4948623"/>
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        <balance>154913.00000000</balance>
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        <pctVal>0.027838367824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUMA SE</name>
        <lei>529900GRZ2BQY5ZM9N49</lei>
        <title>PUMA SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006969603"/>
          <other otherDesc="Internal" value="5064722"/>
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        <balance>411268.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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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>
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      </invstOrSec>
      <invstOrSec>
        <name>Metsa Board Oyj</name>
        <lei>743700KKB8Q035K38488</lei>
        <title>METSA BOARD OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009000665"/>
          <other otherDesc="Internal" value="5071432"/>
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        <balance>648141.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.015071151630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</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>Koninklijke Heijmans N.V.</name>
        <lei>724500OUE3PCA809DZ79</lei>
        <title>HEIJMANS NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0009269109"/>
          <other otherDesc="Internal" value="5075036"/>
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        <balance>97890.00000000</balance>
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        <valUSD>9904272.71000000</valUSD>
        <pctVal>0.068825238725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vossloh Aktiengesellschaft</name>
        <lei>5299003HAEOUVX3HWX43</lei>
        <title>VOSSLOH AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007667107"/>
          <other otherDesc="Internal" value="5092336"/>
        </identifiers>
        <balance>38428.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3411990.03000000</valUSD>
        <pctVal>0.023710072937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bilfinger SE</name>
        <lei>529900H0HULEN2BZ4604</lei>
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        <cusip>N/A</cusip>
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          <isin value="DE0005909006"/>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Duerr Aktiengesellschaft</name>
        <lei>5299003APZ54EDTSRO20</lei>
        <title>DUERR AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005565204"/>
          <other otherDesc="Internal" value="5119901"/>
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        <balance>204827.00000000</balance>
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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>
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      <invstOrSec>
        <name>INTERPUMP GROUP S.P.A.</name>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001078911"/>
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        <balance>300455.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Draegerwerk AG &amp; Co. KGaA</name>
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        <title>DRAEGERWERK AG CO KGAA</title>
        <cusip>N/A</cusip>
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          <isin value="DE0005550636"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INTERROLL HOLDING AG</name>
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        <title>INTERROLL HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0006372897"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GIMV NV</name>
        <lei>549300UFHGFY5IOON989</lei>
        <title>GIMV NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003699130"/>
          <other otherDesc="Internal" value="5249080"/>
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        <balance>95430.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Subsea 7 S.A.</name>
        <lei>222100AIF0CBCY80AH62</lei>
        <title>SUBSEA 7 SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU0075646355"/>
          <other otherDesc="Internal" value="5258246"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sixt SE</name>
        <lei>5299004ZME6CSBR7WP07</lei>
        <title>SIXT SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007231326"/>
          <other otherDesc="Internal" value="5260768"/>
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        <balance>54067.00000000</balance>
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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>
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      <invstOrSec>
        <name>FLSMIDTH &amp; CO. A/S</name>
        <lei>213800MXXDGQ3ITPXI41</lei>
        <title>FLSMIDTH CO A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0010234467"/>
          <other otherDesc="Internal" value="5263574"/>
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        <balance>171233.00000000</balance>
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        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sixt SE</name>
        <lei>5299004ZME6CSBR7WP07</lei>
        <title>SIXT SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007231334"/>
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        <balance>65713.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOCIETE BIC S.A.</name>
        <lei>969500UR00DF63I0VH67</lei>
        <title>SOCIETE BIC SA</title>
        <cusip>N/A</cusip>
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          <isin value="FR0000120966"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CEMBRE S.P.A.</name>
        <lei>8156008BFBC06F53DD56</lei>
        <title>CEMBRE SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001128047"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ERG S.P.A.</name>
        <lei>8156004604684CA44A90</lei>
        <title>ERG SPA</title>
        <cusip>N/A</cusip>
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          <isin value="IT0001157020"/>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SECHE ENVIRONNEMENT SA</name>
        <lei>969500R9ENNIN33POO20</lei>
        <title>SECHE ENVIRONNEMENT SACA</title>
        <cusip>N/A</cusip>
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          <isin value="FR0000039109"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Kitron ASA</name>
        <lei>5967007LIEEXZXIG6009</lei>
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        <cusip>N/A</cusip>
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        <invCountry>NO</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>RETAIL ESTATES NV</name>
        <lei>5493007CO5W5OBFG7L21</lei>
        <title>RETAIL ESTATES NV</title>
        <cusip>N/A</cusip>
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        <invCountry>BE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Cicor Technologies Ltd.</name>
        <lei>529900PIIUEUGLYD8P70</lei>
        <title>CICOR TECHNOLOGIES LTD</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Salzgitter Aktiengesellschaft</name>
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        <title>SALZGITTER AG</title>
        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>VIDRALA, S.A.</name>
        <lei>95980020140005399488</lei>
        <title>VIDRALA SA</title>
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        <fairValLevel>2</fairValLevel>
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        <name>AIXTRON SE</name>
        <lei>5299004UJ4D51M25LD67</lei>
        <title>AIXTRON SE</title>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Tieto Oyj</name>
        <lei>549300EW2KM4KROKQV31</lei>
        <title>TIETO OYJ</title>
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        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>MERSEN SA</name>
        <lei>OQXDLNM5DTBULYMF5U27</lei>
        <title>MERSEN SA</title>
        <cusip>N/A</cusip>
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        <balance>87212.00000000</balance>
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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>PostNL N.V.</name>
        <lei>724500Q41FHN0P1GPC53</lei>
        <title>POSTNL NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0009739416"/>
          <other otherDesc="Internal" value="5481558"/>
        </identifiers>
        <balance>1362103.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1518344.94000000</valUSD>
        <pctVal>0.010551047615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aurubis AG</name>
        <lei>5299005SHIN9ZK7GW242</lei>
        <title>AURUBIS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006766504"/>
          <other otherDesc="Internal" value="5485527"/>
        </identifiers>
        <balance>97501.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>20981220.08000000</valUSD>
        <pctVal>0.145799446666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LISI S.A.</name>
        <lei>969500UU4O58BR802Y55</lei>
        <title>LISI SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000050353"/>
          <other otherDesc="Internal" value="5489916"/>
        </identifiers>
        <balance>81898.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5995359.00000000</valUSD>
        <pctVal>0.041662020675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOL S.P.A.</name>
        <lei>81560096A9AEBBBD4B25</lei>
        <title>SOL SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001206769"/>
          <other otherDesc="Internal" value="5490684"/>
        </identifiers>
        <balance>142346.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>9622905.89000000</valUSD>
        <pctVal>0.066870007975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DO &amp; CO Aktiengesellschaft</name>
        <lei>5299002NFQKOBT1E8569</lei>
        <title>DO CO AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000818802"/>
          <other otherDesc="Internal" value="5492345"/>
        </identifiers>
        <balance>30369.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6166164.15000000</valUSD>
        <pctVal>0.042848953383</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>A2A S.P.A.</name>
        <lei>81560076E3944316DB24</lei>
        <title>A2A SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001233417"/>
          <other otherDesc="Internal" value="5499131"/>
        </identifiers>
        <balance>6205609.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>17671906.98000000</valUSD>
        <pctVal>0.122802880357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sacyr, S.A.</name>
        <lei>959800XKAB9VNAVN9425</lei>
        <title>SACYR SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0182870214"/>
          <other otherDesc="Internal" value="5504789"/>
        </identifiers>
        <balance>2057506.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>11326475.86000000</valUSD>
        <pctVal>0.078708192696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KRONES Aktiengesellschaft</name>
        <lei>529900NY2GSZWWUBW049</lei>
        <title>KRONES AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006335003"/>
          <other otherDesc="Internal" value="5523881"/>
        </identifiers>
        <balance>56704.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>8206550.05000000</valUSD>
        <pctVal>0.057027687225</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>
      <invstOrSec>
        <name>Jungheinrich Aktiengesellschaft</name>
        <lei>529900PHZORTU6FSXE73</lei>
        <title>JUNGHEINRICH AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006219934"/>
          <other otherDesc="Internal" value="5545670"/>
        </identifiers>
        <balance>190311.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5733840.10000000</valUSD>
        <pctVal>0.039844714018</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>
      <invstOrSec>
        <name>BAVARIAN NORDIC A/S</name>
        <lei>2138006JCDVYIN6INP51</lei>
        <title>BAVARIAN NORDIC A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0015998017"/>
          <other otherDesc="Internal" value="5564619"/>
        </identifiers>
        <balance>311870.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>9179824.59000000</valUSD>
        <pctVal>0.063791015995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALTEN SA</name>
        <lei>969500Y7G9TY7Y24GN07</lei>
        <title>ALTEN SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000071946"/>
          <other otherDesc="Internal" value="5608915"/>
        </identifiers>
        <balance>116486.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>7760446.25000000</valUSD>
        <pctVal>0.053927691755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>QUADIENT S.A.</name>
        <lei>549300K4W3A5ITOPTK67</lei>
        <title>QUADIENT SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000120560"/>
          <other otherDesc="Internal" value="5617096"/>
        </identifiers>
        <balance>99358.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1358681.32000000</valUSD>
        <pctVal>0.009441537903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOPRA STERIA GROUP SA</name>
        <lei>96950020QIOHAAK9V551</lei>
        <title>SOPRA STERIA GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000050809"/>
          <other otherDesc="Internal" value="5633616"/>
        </identifiers>
        <balance>56662.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>8841157.11000000</valUSD>
        <pctVal>0.061437600369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>thyssenkrupp AG</name>
        <lei>549300UDG16DOYUPR330</lei>
        <title>THYSSENKRUPP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007500001"/>
          <other otherDesc="Internal" value="5636927"/>
        </identifiers>
        <balance>1964690.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>23381964.51000000</valUSD>
        <pctVal>0.162482328222</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>
      <invstOrSec>
        <name>Viscofan, S.A.</name>
        <lei>95980020140005684765</lei>
        <title>VISCOFAN SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0184262212"/>
          <other otherDesc="Internal" value="5638280"/>
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        <balance>147311.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>10373490.54000000</valUSD>
        <pctVal>0.072085854634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Marimekko Oyj</name>
        <lei>74370053IOY42B9YJ350</lei>
        <title>MARIMEKKO OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009007660"/>
          <other otherDesc="Internal" value="5645837"/>
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        <balance>121226.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1411386.42000000</valUSD>
        <pctVal>0.009807788025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CA Immobilien Anlagen Aktiengesellschaft</name>
        <lei>5299003ICAPV07J0R180</lei>
        <title>CA IMMOBILIEN ANLAGEN AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000641352"/>
          <other otherDesc="Internal" value="5681046"/>
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        <balance>130147.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4154718.01000000</valUSD>
        <pctVal>0.028871323240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eckert &amp; Ziegler SE</name>
        <lei>391200EUDABLUKXCKG48</lei>
        <title>ECKERT ZIEGLER SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005659700"/>
          <other otherDesc="Internal" value="5689857"/>
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        <balance>174382.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.021729045663</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>
      <invstOrSec>
        <name>AKTIESELSKABET SCHOUW &amp; CO</name>
        <lei>213800V2R9WMMZASKK57</lei>
        <title>SCHOUW CO A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0010253921"/>
          <other otherDesc="Internal" value="5690859"/>
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        <balance>48309.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>4980514.94000000</valUSD>
        <pctVal>0.034609823432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Elmos Semiconductor SE</name>
        <lei>529900UMKKDCAP4P4H63</lei>
        <title>ELMOS SEMICONDUCTOR AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005677108"/>
          <other otherDesc="Internal" value="5695423"/>
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        <balance>31575.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6829660.55000000</valUSD>
        <pctVal>0.047459619856</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>
      <invstOrSec>
        <name>Wienerberger AG</name>
        <lei>529900VXIFBHO0SW2I31</lei>
        <title>WIENERBERGER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000831706"/>
          <other otherDesc="Internal" value="5699373"/>
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        <balance>431337.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>12506273.91000000</valUSD>
        <pctVal>0.086906662672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PALFINGER AG</name>
        <lei>529900IFAV83BX8O1O91</lei>
        <title>PALFINGER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000758305"/>
          <other otherDesc="Internal" value="5700350"/>
        </identifiers>
        <balance>65045.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2671901.54000000</valUSD>
        <pctVal>0.018567164568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIERRE ET VACANCES SA</name>
        <lei>9695009FXHWX468RM706</lei>
        <title>PIERRE ET VACANCES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000073041"/>
          <other otherDesc="Internal" value="5700479"/>
        </identifiers>
        <balance>496664.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1084693.25000000</valUSD>
        <pctVal>0.007537582421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="122956.82790500"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GFT Technologies SE</name>
        <lei>5299002FNBSGW23ULF72</lei>
        <title>GFT TECHNOLOGIES SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005800601"/>
          <other otherDesc="Internal" value="5709948"/>
        </identifiers>
        <balance>68903.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1502545.60000000</valUSD>
        <pctVal>0.010441257288</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1435271.99542500"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACKERMANS &amp; VAN HAAREN NV</name>
        <lei>5493005E2GHATS0Z6J59</lei>
        <title>ACKERMANS VAN HAAREN NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003764785"/>
          <other otherDesc="Internal" value="5715774"/>
        </identifiers>
        <balance>91343.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>30126074.93000000</valUSD>
        <pctVal>0.209347456358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Van Lanschot Kempen N.V.</name>
        <lei>724500D8WOYCL1BUCB80</lei>
        <title>VAN LANSCHOT KEMPEN NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000302636"/>
          <other otherDesc="Internal" value="5716302"/>
        </identifiers>
        <balance>111347.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>8531303.14000000</valUSD>
        <pctVal>0.059284411126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MANITOU BF SA</name>
        <lei>9695008SHP3XTT9QCM25</lei>
        <title>MANITOU BF SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000038606"/>
          <other otherDesc="Internal" value="5724048"/>
        </identifiers>
        <balance>40859.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>980234.01000000</valUSD>
        <pctVal>0.006811690441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACEA S.P.A.</name>
        <lei>549300Q3448N041CTH56</lei>
        <title>ACEA SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001207098"/>
          <other otherDesc="Internal" value="5728125"/>
        </identifiers>
        <balance>210475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5518514.32000000</valUSD>
        <pctVal>0.038348405441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TAG Immobilien AG</name>
        <lei>529900TAE68USJNXLR59</lei>
        <title>TAG IMMOBILIEN AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0008303504"/>
          <other otherDesc="Internal" value="5735631"/>
        </identifiers>
        <balance>745126.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>12994193.72000000</valUSD>
        <pctVal>0.090297239485</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="3359451.25041200"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Melia Hotels International, S.A.</name>
        <lei>959800JRKSZ6YZD4EL80</lei>
        <title>MELIA HOTELS INTERNATIONAL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0176252718"/>
          <other otherDesc="Internal" value="5738298"/>
        </identifiers>
        <balance>434113.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5662063.71000000</valUSD>
        <pctVal>0.039345936640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sto SE &amp; Co. KGaA</name>
        <lei>5299006NYTD89XM31K74</lei>
        <title>STO SE CO KGAA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007274136"/>
          <other otherDesc="Internal" value="5740389"/>
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        <balance>9956.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.008349370576</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>
      <invstOrSec>
        <name>CEWE Stiftung &amp; Co. KGaA</name>
        <lei>529900IDFHN9MQ3WUD64</lei>
        <title>CEWE STIFTUNG CO KGAA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005403901"/>
          <other otherDesc="Internal" value="5740806"/>
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        <balance>21406.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.016482414596</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>
      <invstOrSec>
        <name>VICAT SA</name>
        <lei>9695009YI1863TOVDP79</lei>
        <title>VICAT SACA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000031775"/>
          <other otherDesc="Internal" value="5763201"/>
        </identifiers>
        <balance>62339.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4402017.53000000</valUSD>
        <pctVal>0.030589818782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARCADIS N.V.</name>
        <lei>7245000UZH70GO047N03</lei>
        <title>ARCADIS NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0006237562"/>
          <other otherDesc="Internal" value="5769209"/>
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        <balance>285433.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.084947911188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wuestenrot &amp; Wuerttembergische AG</name>
        <lei>5299003H07ZT0Z5ZNN35</lei>
        <title>WUESTENROT WUERTTEMBERGISCHE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0008051004"/>
          <other otherDesc="Internal" value="5770911"/>
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        <balance>101969.00000000</balance>
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        <pctVal>0.012340127528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="61005.14848200"/>
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      <invstOrSec>
        <name>CANCOM SE</name>
        <lei>391200T4AUN1BPBXAO14</lei>
        <title>CANCOM SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005419105"/>
          <other otherDesc="Internal" value="5772627"/>
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        <balance>99156.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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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>
      <invstOrSec>
        <name>Suedzucker AG</name>
        <lei>529900S8QNB101D40S72</lei>
        <title>SUEDZUCKER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007297004"/>
          <other otherDesc="Internal" value="5784462"/>
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        <balance>240376.00000000</balance>
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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>
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      <invstOrSec>
        <name>Bittium Oyj</name>
        <lei>743700NFG5W5I59OVX65</lei>
        <title>BITTIUM OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009007264"/>
          <other otherDesc="Internal" value="5792982"/>
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        <balance>105066.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</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>ASSYSTEM SA</name>
        <lei>9695008GTTDJGF00CT88</lei>
        <title>ASSYSTEM SA</title>
        <cusip>F0427A122</cusip>
        <identifiers>
          <isin value="FR0000074148"/>
          <other otherDesc="Internal" value="5797921"/>
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        <balance>25170.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Colruyt Group NV</name>
        <lei>5493000O0NZ1BCXO8K39</lei>
        <title>COLRUYT GROUP N V</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974256852"/>
          <other otherDesc="Internal" value="5806225"/>
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        <balance>118298.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>secunet Security Networks Aktiengesellschaft</name>
        <lei>391200N3TQNVUCU8N039</lei>
        <title>SECUNET SECURITY NETWORKS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007276503"/>
          <other otherDesc="Internal" value="5808845"/>
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        <balance>6251.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Koninklijke Vopak N.V.</name>
        <lei>724500UL634GFV1KYF10</lei>
        <title>KONINKLIJKE VOPAK NV</title>
        <cusip>N/A</cusip>
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          <isin value="NL0009432491"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Evotec SE</name>
        <lei>529900F9KI6OYITO9B12</lei>
        <title>EVOTEC SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005664809"/>
          <other otherDesc="Internal" value="5811917"/>
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        <balance>557180.00000000</balance>
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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>
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      </invstOrSec>
      <invstOrSec>
        <name>Bekaert NV</name>
        <lei>5493008SR6XZECH6BN71</lei>
        <title>BEKAERT SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974258874"/>
          <other otherDesc="Internal" value="5827431"/>
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        <balance>130878.00000000</balance>
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        <valUSD>6462896.64000000</valUSD>
        <pctVal>0.044910960868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vastned NV</name>
        <lei>54930068RSC6OT68NE51</lei>
        <title>VASTNED BELGIUM NV</title>
        <cusip>B52491105</cusip>
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          <isin value="BE0003754687"/>
          <other otherDesc="Internal" value="5847086"/>
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        <balance>38364.00000000</balance>
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        <pctVal>0.009480475836</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MELCO RESORTS &amp; ENTERTAINMENT LIMITED</name>
        <lei>529900NRV6LBR3T6B421</lei>
        <title>MELCO RESORTS ENTERTAINMENT LTD</title>
        <cusip>585464100</cusip>
        <identifiers>
          <isin value="US5854641009"/>
          <other otherDesc="Internal" value="585464100"/>
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        <balance>612682.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3535175.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Allreal Holding AG</name>
        <lei>N/A</lei>
        <title>ALLREAL HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0008837566"/>
          <other otherDesc="Internal" value="5914270"/>
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        <balance>59258.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Carl Zeiss Meditec AG</name>
        <lei>529900GRL4MZ8NMOOK95</lei>
        <title>CARL ZEISS MEDITEC AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005313704"/>
          <other otherDesc="Internal" value="5922961"/>
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        <balance>140748.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.030459894708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATOSS Software SE</name>
        <lei>529900Q9G9280ADNOA39</lei>
        <title>ATOSS SOFTWARE SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005104400"/>
          <other otherDesc="Internal" value="5927353"/>
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        <balance>37134.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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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>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bechtle AG</name>
        <lei>529900HA2QT774RUXW59</lei>
        <title>BECHTLE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005158703"/>
          <other otherDesc="Internal" value="5932409"/>
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        <balance>323366.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.076478010882</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="9053.12943100"/>
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      <invstOrSec>
        <name>SEMAPA - Sociedade de Investimento e Gestao, SGPS, S.A.</name>
        <lei>549300HNGOW85KIOH584</lei>
        <title>SEMAPA SOCIEDADE DE INVESTIMENTO E GESTAO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PTSEM0AM0004"/>
          <other otherDesc="Internal" value="5962934"/>
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        <balance>62840.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1711049.79000000</valUSD>
        <pctVal>0.011890162328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Energiekontor AG</name>
        <lei>529900MCVP6QF0PTPQ72</lei>
        <title>ENERGIEKONTOR AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005313506"/>
          <other otherDesc="Internal" value="5970982"/>
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        <balance>27810.00000000</balance>
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        <valUSD>1329300.48000000</valUSD>
        <pctVal>0.009237369118</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="822005.76607400"/>
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      <invstOrSec>
        <name>Sonae, SGPS, SA</name>
        <lei>549300847SOBT7HY7R50</lei>
        <title>SONAE SGPS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PTSON0AM0001"/>
          <other otherDesc="Internal" value="5973992"/>
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        <balance>3171771.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.050391165188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>adesso SE</name>
        <lei>529900KOICE97ZSA1O52</lei>
        <title>ADESSO SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A0Z23Q5"/>
          <other otherDesc="Internal" value="5990623"/>
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        <balance>13263.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.006306290136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>METROPOLE TELEVISION SA</name>
        <lei>96950018NOMJX5XRH047</lei>
        <title>METROPOLE TELEVISION SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000053225"/>
          <other otherDesc="Internal" value="5993901"/>
        </identifiers>
        <balance>95318.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.010116526112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TELEVISION FRANCAISE 1 S.A.</name>
        <lei>969500WQFC6OAQYG7E65</lei>
        <title>TELEVISION FRANCAISE 1 SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000054900"/>
          <other otherDesc="Internal" value="5997118"/>
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        <balance>159459.00000000</balance>
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        <pctVal>0.008814161286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>AUBAY S.A.</name>
        <lei>969500KGFSDP6UUKIA67</lei>
        <title>AUBAY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000063737"/>
          <other otherDesc="Internal" value="5997323"/>
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        <balance>29028.00000000</balance>
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        <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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      <invstOrSec>
        <name>TELEPERFORMANCE SE</name>
        <lei>9695004GI61FHFFNRG61</lei>
        <title>TELEPERFORMANCE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000051807"/>
          <other otherDesc="Internal" value="5999330"/>
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        <balance>211323.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>ASMPT Limited</name>
        <lei>529900PYFA1HFYKPT360</lei>
        <title>ASMPT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG0535Q1331"/>
          <other otherDesc="Internal" value="6002453"/>
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        <balance>1239400.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Aica Kogyo Company, Limited</name>
        <lei>353800I589BKZAOJD116</lei>
        <title>AICA KOGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3100800006"/>
          <other otherDesc="Internal" value="6010047"/>
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        <balance>215100.00000000</balance>
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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>
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      <invstOrSec>
        <name>AICHI CORPORATION</name>
        <lei>N/A</lei>
        <title>AICHI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3103200006"/>
          <other otherDesc="Internal" value="6010092"/>
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        <balance>125200.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AICHI STEEL CORPORATION</name>
        <lei>353800P9OWOVHHY4ML18</lei>
        <title>AICHI STEEL CORP</title>
        <cusip>J0039M106</cusip>
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          <isin value="JP3103600007"/>
          <other otherDesc="Internal" value="6010207"/>
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        <balance>128900.00000000</balance>
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        <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>AISAN INDUSTRY CO., LTD.</name>
        <lei>N/A</lei>
        <title>AISAN INDUSTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3101600009"/>
          <other otherDesc="Internal" value="6010649"/>
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        <balance>125100.00000000</balance>
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        <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>ATOM CORPORATION</name>
        <lei>N/A</lei>
        <title>ATOM CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3121900009"/>
          <other otherDesc="Internal" value="6012106"/>
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        <balance>456200.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ALONY-HETZ PROPERTIES AND INVESTMENTS LTD</name>
        <lei>213800PNXOBRJDRRDC27</lei>
        <title>ALONY HETZ PROPERTIES INVESTMENTS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0003900136"/>
          <other otherDesc="Internal" value="6013154"/>
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        <balance>607967.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</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>ALKANE RESOURCES LTD</name>
        <lei>N/A</lei>
        <title>ALKANE RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ALK9"/>
          <other otherDesc="Internal" value="6014027"/>
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        <balance>4030149.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4465679.63000000</valUSD>
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        <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>
      <invstOrSec>
        <name>WEB TRAVEL GROUP LIMITED</name>
        <lei>21380064YZG4XMO4CW38</lei>
        <title>WEB TRAVEL GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000WEB7"/>
          <other otherDesc="Internal" value="6015815"/>
        </identifiers>
        <balance>1316762.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2545703.32000000</valUSD>
        <pctVal>0.017690207434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NISHIMATSUYA CHAIN Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NISHIMATSUYA CHAIN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3659300002"/>
          <other otherDesc="Internal" value="6016926"/>
        </identifiers>
        <balance>136800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1746754.81000000</valUSD>
        <pctVal>0.012138278126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALPS ALPINE CO., LTD.</name>
        <lei>529900PWNU4ASLY9VI90</lei>
        <title>ALPS ALPINE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3126400005"/>
          <other otherDesc="Internal" value="6021500"/>
        </identifiers>
        <balance>645600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>9688012.09000000</valUSD>
        <pctVal>0.067322433902</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>AMADA CO.,LTD.</name>
        <lei>529900QF5O6TQGCPDX85</lei>
        <title>AMADA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3122800000"/>
          <other otherDesc="Internal" value="6022105"/>
        </identifiers>
        <balance>1233400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>20856256.36000000</valUSD>
        <pctVal>0.144931068128</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>Amano Corp</name>
        <lei>N/A</lei>
        <title>AMANO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3124400007"/>
          <other otherDesc="Internal" value="6027304"/>
        </identifiers>
        <balance>199200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4553675.53000000</valUSD>
        <pctVal>0.031643697079</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>HANG LUNG PROPERTIES LIMITED</name>
        <lei>N/A</lei>
        <title>HANG LUNG PROPERTIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0101000591"/>
          <other otherDesc="Internal" value="6030506"/>
        </identifiers>
        <balance>6942000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>8161265.67000000</valUSD>
        <pctVal>0.056713004022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUJI MEDIA HOLDINGS, INC.</name>
        <lei>353800TG2T8DSPV7H313</lei>
        <title>FUJI MEDIA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3819400007"/>
          <other otherDesc="Internal" value="6036582"/>
        </identifiers>
        <balance>188200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4655471.92000000</valUSD>
        <pctVal>0.032351084794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AEON Financial Service Co., Ltd.</name>
        <lei>N/A</lei>
        <title>AEON FINANCIAL SERVICE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3131400008"/>
          <other otherDesc="Internal" value="6037734"/>
        </identifiers>
        <balance>428400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4260268.69000000</valUSD>
        <pctVal>0.029604799686</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>RAMSAY HEALTH CARE LIMITED</name>
        <lei>549300QBX122KF2JPI10</lei>
        <title>RAMSAY HEALTH CARE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000RHC8"/>
          <other otherDesc="Internal" value="6041995"/>
        </identifiers>
        <balance>775596.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>21939296.96000000</valUSD>
        <pctVal>0.152457166210</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="84861.04992800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Happinet Corp</name>
        <lei>N/A</lei>
        <title>HAPPINET CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3770300006"/>
          <other otherDesc="Internal" value="6042675"/>
        </identifiers>
        <balance>110300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1880429.88000000</valUSD>
        <pctVal>0.013067192229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANRITSU CORPORATION</name>
        <lei>N/A</lei>
        <title>ANRITSU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3128800004"/>
          <other otherDesc="Internal" value="6044109"/>
        </identifiers>
        <balance>511500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13389597.57000000</valUSD>
        <pctVal>0.093044918710</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>RESORTTRUST,INC.</name>
        <lei>N/A</lei>
        <title>RESORTTRUST INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3974450003"/>
          <other otherDesc="Internal" value="6044132"/>
        </identifiers>
        <balance>639000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7130612.24000000</valUSD>
        <pctVal>0.049550946752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AOKI Holdings Inc.</name>
        <lei>N/A</lei>
        <title>AOKI HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3105400000"/>
          <other otherDesc="Internal" value="6045759"/>
        </identifiers>
        <balance>142800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1414773.46000000</valUSD>
        <pctVal>0.009831324719</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>AOYAMA TRADING Co., Ltd.</name>
        <lei>N/A</lei>
        <title>AOYAMA TRADING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3106200003"/>
          <other otherDesc="Internal" value="6045878"/>
        </identifiers>
        <balance>502600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2533640.62000000</valUSD>
        <pctVal>0.017606383186</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>TOMY COMPANY, LTD.</name>
        <lei>N/A</lei>
        <title>TOMY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3630550006"/>
          <other otherDesc="Internal" value="6046923"/>
        </identifiers>
        <balance>312500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5077103.24000000</valUSD>
        <pctVal>0.035281019894</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>ARCLANDS CORPORATION</name>
        <lei>N/A</lei>
        <title>ARCLANDS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3100100001"/>
          <other otherDesc="Internal" value="6048004"/>
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        <balance>217862.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2470088.95000000</valUSD>
        <pctVal>0.017164759759</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>ARIAKE JAPAN Co.,Ltd.</name>
        <lei>353800PBX8D0J0H60M72</lei>
        <title>ARIAKE JAPAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3125800007"/>
          <other otherDesc="Internal" value="6049632"/>
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        <balance>71800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.017292176965</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>ARYT INDUSTRIES LTD.</name>
        <lei>N/A</lei>
        <title>ARYT INDUSTRIES LTD</title>
        <cusip>M1500S107</cusip>
        <identifiers>
          <isin value="IL0005870147"/>
          <other otherDesc="Internal" value="6049740"/>
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        <balance>220154.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
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        <pctVal>0.021779895580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ACOM CO., LTD.</name>
        <lei>N/A</lei>
        <title>ACOM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3108600002"/>
          <other otherDesc="Internal" value="6049784"/>
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        <balance>1538400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HAMAKYOREX CO., LTD.</name>
        <lei>N/A</lei>
        <title>HAMAKYOREX CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3771150004"/>
          <other otherDesc="Internal" value="6051444"/>
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        <balance>231600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>Workman Co Ltd</name>
        <lei>N/A</lei>
        <title>WORKMAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3990100004"/>
          <other otherDesc="Internal" value="6053194"/>
        </identifiers>
        <balance>80300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3693015.23000000</valUSD>
        <pctVal>0.025662929754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADEKA CORPORATION</name>
        <lei>N/A</lei>
        <title>ADEKA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3114800000"/>
          <other otherDesc="Internal" value="6054904"/>
        </identifiers>
        <balance>306600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7678969.70000000</valUSD>
        <pctVal>0.053361507527</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>ASAHI YUKIZAI CORPORATION</name>
        <lei>353800BBLKAGEXVVBE41</lei>
        <title>ASAHI YUKIZAI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3117200000"/>
          <other otherDesc="Internal" value="6055361"/>
        </identifiers>
        <balance>47000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AURA INVESTMENTS LTD.</name>
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          <isin value="IL0003730194"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AUTOBACS SEVEN CO.,LTD.</name>
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          <isin value="JP3172500005"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AZORIM-INVESTMENT DEVELOPMENT AND CONSTRUCTION CO LTD.</name>
        <lei>N/A</lei>
        <title>AZORIM INVESTMENT DEVELOPMENT CONSTRUCTION CO LT</title>
        <cusip>N/A</cusip>
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          <isin value="IL0007150118"/>
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        <invCountry>IL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>The Awa Bank, Ltd.</name>
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        <title>AWA BANK LTD THE</title>
        <cusip>N/A</cusip>
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          <isin value="JP3126800006"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Belluna Co., Ltd.</name>
        <lei>353800Q8P5LM0569VS75</lei>
        <title>BELLUNA CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3835650007"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>The Bank of East Asia, Limited</name>
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          <isin value="HK0023000190"/>
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        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OF QUEENSLAND LIMITED</name>
        <lei>549300WFIN7T02UKDG08</lei>
        <title>BANK OF QUEENSLAND LTD</title>
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          <isin value="AU000000BOQ8"/>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JUSTSYSTEMS CORPORATION</name>
        <lei>N/A</lei>
        <title>JUSTSYSTEMS CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3388450003"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TAKAMATSU CONSTRUCTION GROUP CO., LTD.</name>
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        <title>TAKAMATSU CONSTRUCTION GROUP CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3457900003"/>
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        <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>Fuji Seal International, Inc.</name>
        <lei>N/A</lei>
        <title>FUJI SEAL INTERNATIONAL INC</title>
        <cusip>N/A</cusip>
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          <isin value="JP3813800004"/>
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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>BEACH ENERGY LIMITED</name>
        <lei>N/A</lei>
        <title>BEACH ENERGY LTD</title>
        <cusip>N/A</cusip>
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          <isin value="AU000000BPT9"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>C.Uyemura &amp; Co Ltd</name>
        <lei>N/A</lei>
        <title>C UYEMURA CO LTD</title>
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          <isin value="JP3155350006"/>
          <other otherDesc="Internal" value="6089014"/>
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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>GAV-YAM LANDS CORP. LTD</name>
        <lei>N/A</lei>
        <title>GAV YAM LANDS CORP LTD</title>
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          <isin value="IL0007590198"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BENDIGO AND ADELAIDE BANK LIMITED</name>
        <lei>549300Y9URD6W70K0360</lei>
        <title>BENDIGO ADELAIDE BANK LTD</title>
        <cusip>N/A</cusip>
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          <isin value="AU000000BEN6"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Data#3 Ltd</name>
        <lei>N/A</lei>
        <title>DATA 3 LTD</title>
        <cusip>N/A</cusip>
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          <isin value="AU000000DTL4"/>
          <other otherDesc="Internal" value="6093015"/>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Japan Lifeline Co., Ltd.</name>
        <lei>353800QUW6LROZVA6765</lei>
        <title>JAPAN LIFELINE CO LTD</title>
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          <isin value="JP3754500001"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Rorze Corp</name>
        <lei>529900ORJHC47686AS71</lei>
        <title>RORZE CORP</title>
        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>BEZEQ THE ISRAELI TELECOMMUNICATION CORP LTD</name>
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        <title>BEZEQ THE ISRAELI TELECOMMUNICATION CORP LTD</title>
        <cusip>N/A</cusip>
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        <invCountry>IL</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Belc Co Ltd</name>
        <lei>N/A</lei>
        <title>BELC CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3835700000"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GRAINCORP LIMITED</name>
        <lei>N/A</lei>
        <title>GRAINCORP LTD</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bet Shemesh Engines Holdings 1997 Ltd</name>
        <lei>N/A</lei>
        <title>BET SHEMESH ENGINES HOLDINGS 1997 LTD</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>HONG LEONG ASIA LTD.</name>
        <lei>254900OXRICREAQ3VU73</lei>
        <title>HONG LEONG ASIA LTD</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EMERALD RESOURCES NL</name>
        <lei>529900V79JFYUE9ZQB09</lei>
        <title>EMERALD RESOURCES NL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000EMR4"/>
          <other otherDesc="Internal" value="6107381"/>
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        <balance>2080241.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>8779437.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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>Harmonic Drive Systems Inc.</name>
        <lei>353800XFIX2EUARGOE85</lei>
        <title>HARMONIC DRIVE SYSTEMS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3765150002"/>
          <other otherDesc="Internal" value="6108179"/>
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        <balance>249700.00000000</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>
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      <invstOrSec>
        <name>Silex Systems Ltd</name>
        <lei>5493003U7WMXGIEUEF14</lei>
        <title>SILEX SYSTEMS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SLX4"/>
          <other otherDesc="Internal" value="6111735"/>
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        <balance>874415.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SAIZERIYA CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SAIZERIYA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3310500008"/>
          <other otherDesc="Internal" value="6111779"/>
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        <balance>133700.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Obara Group Incorporated</name>
        <lei>3538003M0UGWDBTV2318</lei>
        <title>OBARA GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3197650009"/>
          <other otherDesc="Internal" value="6117733"/>
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        <balance>36900.00000000</balance>
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        <pctVal>0.009064397585</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>GOLDCREST Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>GOLDCREST CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3306800008"/>
          <other otherDesc="Internal" value="6123343"/>
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        <balance>63600.00000000</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>FIRST INTERNATIONAL BANK OF ISRAEL LTD.</name>
        <lei>2138002RV6AUUX19F397</lei>
        <title>FIRST INTERNATIONAL BANK OF ISRAEL LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0005930388"/>
          <other otherDesc="Internal" value="6123815"/>
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        <balance>217667.00000000</balance>
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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>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MegaChips Corp</name>
        <lei>529900CHDZ5G02UMD829</lei>
        <title>MEGACHIPS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3920860008"/>
          <other otherDesc="Internal" value="6123923"/>
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        <balance>37000.00000000</balance>
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        <pctVal>0.016027599587</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>Trend Micro Incorporated</name>
        <lei>3538005O5UJ5RNAGVE16</lei>
        <title>TREND MICRO INC JAPAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3637300009"/>
          <other otherDesc="Internal" value="6125286"/>
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        <balance>500700.00000000</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>BWP TRUST</name>
        <lei>529900PNX10I8B4V0N76</lei>
        <title>BWP PROPERTY GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000BWP3"/>
          <other otherDesc="Internal" value="6127453"/>
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        <balance>2299931.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Argo Graphics Inc</name>
        <lei>N/A</lei>
        <title>ARGO GRAPHICS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3126110000"/>
          <other otherDesc="Internal" value="6133687"/>
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        <balance>252200.00000000</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>
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      <invstOrSec>
        <name>MUSASHI SEIMITSU INDUSTRY CO.,LTD.</name>
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        <title>MUSASHI SEIMITSU INDUSTRY CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3912700006"/>
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        <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>IDOM Inc.</name>
        <lei>N/A</lei>
        <title>IDOM INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3235700006"/>
          <other otherDesc="Internal" value="6136374"/>
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        <balance>259000.00000000</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>
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      <invstOrSec>
        <name>AUSTAL LIMITED</name>
        <lei>254900DJEFGICBICBU73</lei>
        <title>AUSTAL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ASB3"/>
          <other otherDesc="Internal" value="6137162"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ZERIA PHARMACEUTICAL CO., LTD.</name>
        <lei>N/A</lei>
        <title>ZERIA PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MEITAV INVESTMENT HOUSE LTD</name>
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        <title>MEITAV INVESTMENT HOUSE LTD</title>
        <cusip>M2841R105</cusip>
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          <isin value="IL0010818438"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>BROTHER INDUSTRIES, LTD.</name>
        <lei>549300O5FACQ67KI6R92</lei>
        <title>BROTHER INDUSTRIES LTD</title>
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          <isin value="JP3830000000"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Okinawa Cellular Telephone Co</name>
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        <title>OKINAWA CELLULAR TELEPHONE CO</title>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KOBAYASHI PHARMACEUTICAL CO.,LTD.</name>
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        <title>KOBAYASHI PHARMACEUTICAL CO LTD</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SHIKUN &amp; BINUI LTD</name>
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        <title>SHIKUN BINUI LTD</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Bunka Shutter Co., Ltd.</name>
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        <title>BUNKA SHUTTER CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3831600006"/>
          <other otherDesc="Internal" value="6152466"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Breville Group Ltd</name>
        <lei>N/A</lei>
        <title>BREVILLE GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000BRG2"/>
          <other otherDesc="Internal" value="6158709"/>
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        <balance>399551.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>EBOS GROUP LIMITED</name>
        <lei>254900KJ40C7HBYTWC21</lei>
        <title>EBOS GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZEBOE0001S6"/>
          <other otherDesc="Internal" value="6160038"/>
        </identifiers>
        <balance>765805.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69276300"/>
        <valUSD>9627059.67000000</valUSD>
        <pctVal>0.066898872780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CKD Corporation</name>
        <lei>N/A</lei>
        <title>CKD CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3346800000"/>
          <other otherDesc="Internal" value="6160050"/>
        </identifiers>
        <balance>216300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8381220.67000000</valUSD>
        <pctVal>0.058241481258</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>RYMAN HEALTHCARE LIMITED</name>
        <lei>N/A</lei>
        <title>RYMAN HEALTHCARE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZRYME0001S4"/>
          <other otherDesc="Internal" value="6161525"/>
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        <balance>3564650.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69276300"/>
        <valUSD>4483342.29000000</valUSD>
        <pctVal>0.031154948215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MIRVAC GROUP</name>
        <lei>N/A</lei>
        <title>MIRVAC GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000MGR9"/>
          <other otherDesc="Internal" value="6161978"/>
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        <balance>15420467.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>19051151.36000000</valUSD>
        <pctVal>0.132387311894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Coca-Cola Bottlers Japan Holdings Inc.</name>
        <lei>N/A</lei>
        <title>COCA COLA BOTTLERS JAPAN HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3293200006"/>
          <other otherDesc="Internal" value="6163286"/>
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        <balance>509200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11113898.63000000</valUSD>
        <pctVal>0.077230983917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDEN AGRI-RESOURCES LTD</name>
        <lei>529900GAK9LTNC3IFY40</lei>
        <title>GOLDEN AGRI RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MU0117U00026"/>
          <other otherDesc="Internal" value="6164472"/>
        </identifiers>
        <balance>25510900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>6357775.67000000</valUSD>
        <pctVal>0.044180470496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="943883.29761100"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GMO internet group, Inc.</name>
        <lei>N/A</lei>
        <title>GMO INTERNET GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3152750000"/>
          <other otherDesc="Internal" value="6170167"/>
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        <balance>233800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4627409.33000000</valUSD>
        <pctVal>0.032156076588</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>USS Co., Ltd.</name>
        <lei>N/A</lei>
        <title>USS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3944130008"/>
          <other otherDesc="Internal" value="6171494"/>
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        <balance>1471600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>15932815.94000000</valUSD>
        <pctVal>0.110717858115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Canon Marketing Japan Inc.</name>
        <lei>N/A</lei>
        <title>CANON MARKETING JAPAN INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3243600008"/>
          <other otherDesc="Internal" value="6172453"/>
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        <balance>378400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8612090.15000000</valUSD>
        <pctVal>0.059845803710</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>HARVEY NORMAN HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>HARVEY NORMAN HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000HVN7"/>
          <other otherDesc="Internal" value="6173508"/>
        </identifiers>
        <balance>2190710.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>7160079.38000000</valUSD>
        <pctVal>0.049755715240</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hiday Hidaka Corp</name>
        <lei>N/A</lei>
        <title>HIDAY HIDAKA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3765180009"/>
          <other otherDesc="Internal" value="6173854"/>
        </identifiers>
        <balance>89800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1634187.35000000</valUSD>
        <pctVal>0.011356041758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Relo Group, Inc.</name>
        <lei>353800T595XRZDA8IB59</lei>
        <title>RELO GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3755200007"/>
          <other otherDesc="Internal" value="6173906"/>
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        <balance>364500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4557559.64000000</valUSD>
        <pctVal>0.031670687935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLOWIDE CO.,LTD.</name>
        <lei>N/A</lei>
        <title>COLOWIDE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3305970000"/>
          <other otherDesc="Internal" value="6174619"/>
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        <balance>359300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4253393.10000000</valUSD>
        <pctVal>0.029557020901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="453549.26201000"/>
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      <invstOrSec>
        <name>Obic Business Consultants Co Ltd</name>
        <lei>N/A</lei>
        <title>OBIC BUSINESS CONSULTANTS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3173500004"/>
          <other otherDesc="Internal" value="6174620"/>
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        <balance>118300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4649740.77000000</valUSD>
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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>MACQUARIE TECHNOLOGY GROUP LIMITED</name>
        <lei>254900LC5NTCQ9WLR154</lei>
        <title>MACQUARIE TECHNOLOGY GROUP LTD</title>
        <cusip>Q57012108</cusip>
        <identifiers>
          <isin value="AU000000MAQ4"/>
          <other otherDesc="Internal" value="6175054"/>
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        <balance>56588.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2868215.96000000</valUSD>
        <pctVal>0.019931362346</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>CASIO COMPUTER CO.,LTD.</name>
        <lei>N/A</lei>
        <title>CASIO COMPUTER CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3209000003"/>
          <other otherDesc="Internal" value="6178967"/>
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        <balance>801500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DFI Retail Group Holdings Limited</name>
        <lei>213800NOTG41PZVNNX48</lei>
        <title>DFI RETAIL GROUP HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG2624N1535"/>
          <other otherDesc="Internal" value="6180274"/>
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        <balance>1340200.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CENTRAL AUTOMOTIVE PRODUCTS LTD.</name>
        <lei>353800X9460YZVHWB065</lei>
        <title>CENTRAL AUTOMOTIVE PRODUCTS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3515400004"/>
          <other otherDesc="Internal" value="6183927"/>
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        <balance>133500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.010697069987</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>Central Glass Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>CENTRAL GLASS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3425000001"/>
          <other otherDesc="Internal" value="6184306"/>
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        <balance>83300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>The Keiyo Bank, Ltd.</name>
        <lei>353800HBJ702X2J5OX58</lei>
        <title>KEIYO BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3281600001"/>
          <other otherDesc="Internal" value="6190648"/>
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        <balance>369800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5125933.90000000</valUSD>
        <pctVal>0.035620346358</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>Chiyoda Corporation</name>
        <lei>549300QKY84OVLK4L190</lei>
        <title>CHIYODA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3528600004"/>
          <other otherDesc="Internal" value="6191704"/>
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        <balance>628300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4076197.83000000</valUSD>
        <pctVal>0.028325682960</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>Chow Sang Sang Holdings International Ltd</name>
        <lei>N/A</lei>
        <title>CHOW SANG SANG HOLDINGS INTERNATIONAL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG2113M1203"/>
          <other otherDesc="Internal" value="6193681"/>
        </identifiers>
        <balance>1486000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>2228973.47000000</valUSD>
        <pctVal>0.015489237390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KOSE Holdings Corporation</name>
        <lei>N/A</lei>
        <title>KOSE HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3283650004"/>
          <other otherDesc="Internal" value="6194468"/>
        </identifiers>
        <balance>142900.00000000</balance>
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        <valUSD>5097535.43000000</valUSD>
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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>Chudenko Corp</name>
        <lei>N/A</lei>
        <title>CHUDENKO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3524000001"/>
          <other otherDesc="Internal" value="6195869"/>
        </identifiers>
        <balance>101900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3095821.88000000</valUSD>
        <pctVal>0.021513006172</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>The Chugoku Electric Power Company, Incorporated</name>
        <lei>353800MV866ELME96Q46</lei>
        <title>CHUGOKU ELECTRIC POWER CO INC THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3522200009"/>
          <other otherDesc="Internal" value="6195900"/>
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        <balance>1232500.00000000</balance>
        <units>NS</units>
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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>CHUGOKU MARINE PAINTS,LTD.</name>
        <lei>N/A</lei>
        <title>CHUGOKU MARINE PAINTS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3522600000"/>
          <other otherDesc="Internal" value="6196000"/>
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        <balance>153200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3137882.78000000</valUSD>
        <pctVal>0.021805289267</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>Citizen Watch Co., Ltd.</name>
        <lei>529900DUZBKERKGQ2628</lei>
        <title>CITIZEN WATCH CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3352400000"/>
          <other otherDesc="Internal" value="6197304"/>
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        <balance>777400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>9007012.61000000</valUSD>
        <pctVal>0.062590137735</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>
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      </invstOrSec>
      <invstOrSec>
        <name>BML, INC.</name>
        <lei>N/A</lei>
        <title>BML INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3799700004"/>
          <other otherDesc="Internal" value="6197876"/>
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        <balance>72100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1756964.01000000</valUSD>
        <pctVal>0.012209222318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITY DEVELOPMENTS LIMITED</name>
        <lei>254900BPLPJS0RJ72373</lei>
        <title>CITY DEVELOPMENTS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1R89002252"/>
          <other otherDesc="Internal" value="6197928"/>
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        <balance>1974700.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>12709045.08000000</valUSD>
        <pctVal>0.088315728697</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>
      <invstOrSec>
        <name>CLAL INSURANCE ENTERPRISES HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>CLAL INSURANCE ENTERPRISES HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0002240146"/>
          <other otherDesc="Internal" value="6200600"/>
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        <balance>284688.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
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        <pctVal>0.170947786837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICHIBANYA CO.,LTD.</name>
        <lei>N/A</lei>
        <title>ICHIBANYA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3142150006"/>
          <other otherDesc="Internal" value="6207861"/>
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        <balance>299800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.011510811171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PANTORO GOLD LIMITED</name>
        <lei>254900ZMQXTNJJIP4K51</lei>
        <title>PANTORO GOLD LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000PNR8"/>
          <other otherDesc="Internal" value="6210289"/>
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        <balance>1320443.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.021938617123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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>YOSHINOYA HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>YOSHINOYA HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3958000006"/>
          <other otherDesc="Internal" value="6211851"/>
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        <balance>256200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>DELEK GROUP LTD.</name>
        <lei>213800CYKA4XE2HZZB09</lei>
        <title>DELEK GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010841281"/>
          <other otherDesc="Internal" value="6219640"/>
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        <balance>36029.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
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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>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CyberAgent, Inc.</name>
        <lei>3538006T5KZABPGS8Q08</lei>
        <title>CYBERAGENT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3311400000"/>
          <other otherDesc="Internal" value="6220501"/>
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        <balance>1696000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>Future Corporation</name>
        <lei>N/A</lei>
        <title>FUTURE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3826200002"/>
          <other otherDesc="Internal" value="6221582"/>
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        <balance>169500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SUNEVISION HOLDINGS LTD.</name>
        <lei>N/A</lei>
        <title>SUNEVISION HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG857001054"/>
          <other otherDesc="Internal" value="6222217"/>
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        <balance>2887000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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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>CROMWELL PROPERTY GROUP</name>
        <lei>N/A</lei>
        <title>CROMWELL PROPERTY GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CMW8"/>
          <other otherDesc="Internal" value="6225476"/>
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        <balance>6458643.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHARTER HALL RETAIL REIT</name>
        <lei>254900SH49MQ8WY4NO45</lei>
        <title>CHARTER HALL RETAIL REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CQR9"/>
          <other otherDesc="Internal" value="6225595"/>
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        <balance>2087741.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Doshisha Co Ltd</name>
        <lei>N/A</lei>
        <title>DOSHISHA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3638000004"/>
          <other otherDesc="Internal" value="6235992"/>
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        <balance>81800.00000000</balance>
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        <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>FOOD EMPIRE HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>FOOD EMPIRE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
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          <isin value="SG1I44882534"/>
          <other otherDesc="Internal" value="6241546"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HANSEN TECHNOLOGIES LIMITED</name>
        <lei>N/A</lei>
        <title>HANSEN TECHNOLOGIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000HSN3"/>
          <other otherDesc="Internal" value="6243252"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SATS LTD.</name>
        <lei>529900SEP1R0K8049D51</lei>
        <title>SATS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1I52882764"/>
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        <balance>3565079.00000000</balance>
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        <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>SIA ENGINEERING COMPANY LIMITED</name>
        <lei>2549008BTH8VFCM3UL43</lei>
        <title>SIA ENGINEERING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1I53882771"/>
          <other otherDesc="Internal" value="6243597"/>
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        <balance>1140200.00000000</balance>
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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>
      <invstOrSec>
        <name>ROUND ONE Corporation</name>
        <lei>N/A</lei>
        <title>ROUND ONE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3966800009"/>
          <other otherDesc="Internal" value="6248365"/>
        </identifiers>
        <balance>685300.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AIN HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>AIN HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3105250009"/>
          <other otherDesc="Internal" value="6249120"/>
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        <balance>105600.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DAH SING FINANCIAL HOLDINGS LIMITED</name>
        <lei>529900J55QMXMR5KMH32</lei>
        <title>DAH SING FINANCIAL HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0440001847"/>
          <other otherDesc="Internal" value="6249799"/>
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        <balance>757200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EXEDY Corporation</name>
        <lei>35380047PHY08BBD5M18</lei>
        <title>EXEDY CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3161160001"/>
          <other otherDesc="Internal" value="6250412"/>
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        <balance>104800.00000000</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>
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      <invstOrSec>
        <name>Daicel Corporation</name>
        <lei>353800ZG4XF6D7NZGS72</lei>
        <title>DAICEL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3485800001"/>
          <other otherDesc="Internal" value="6250542"/>
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        <balance>838700.00000000</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Daido Steel Co., Ltd.</name>
        <lei>353800WZKGRNG0T2FR92</lei>
        <title>DAIDO STEEL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3491000000"/>
          <other otherDesc="Internal" value="6250627"/>
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        <balance>518800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DIC Corporation</name>
        <lei>549300F1YB9ARLPUKB67</lei>
        <title>DIC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3493400000"/>
          <other otherDesc="Internal" value="6250821"/>
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        <balance>300600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Pharma Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SUMITOMO PHARMA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3495000006"/>
          <other otherDesc="Internal" value="6250865"/>
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        <balance>930400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>Daiwabo Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>DAIWABO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3505400006"/>
          <other otherDesc="Internal" value="6251426"/>
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        <balance>302800.00000000</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>
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      </invstOrSec>
      <invstOrSec>
        <name>DAIWA INDUSTRIES LTD.</name>
        <lei>N/A</lei>
        <title>DAIWA INDUSTRIES LTD</title>
        <cusip>J11550100</cusip>
        <identifiers>
          <isin value="JP3505800007"/>
          <other otherDesc="Internal" value="6251772"/>
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        <balance>103500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>DAIICHIKOSHO CO., LTD.</name>
        <lei>N/A</lei>
        <title>DAIICHIKOSHO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3475200006"/>
          <other otherDesc="Internal" value="6253132"/>
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        <balance>275300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DANEL (ADIR YEOSHUA) LTD</name>
        <lei>N/A</lei>
        <title>DANEL ADIR YEOSHUA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0003140139"/>
          <other otherDesc="Internal" value="6253433"/>
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        <balance>20742.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
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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>
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      <invstOrSec>
        <name>DTS CORPORATION</name>
        <lei>N/A</lei>
        <title>DTS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3548500002"/>
          <other otherDesc="Internal" value="6255699"/>
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        <balance>520600.00000000</balance>
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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>
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      <invstOrSec>
        <name>SUGI HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SUGI HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3397060009"/>
          <other otherDesc="Internal" value="6259011"/>
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        <balance>412300.00000000</balance>
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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>DELTA GALIL INDUSTRIES LTD.</name>
        <lei>213800THWVY4MIDWYH93</lei>
        <title>DELTA GALIL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0006270347"/>
          <other otherDesc="Internal" value="6262020"/>
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        <balance>45661.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Daiseki Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>DAISEKI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3485600005"/>
          <other otherDesc="Internal" value="6263164"/>
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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>DELEK AUTOMOTIVE SYSTEMS LTD.</name>
        <lei>N/A</lei>
        <title>DELEK AUTOMOTIVE SYSTEMS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0008290103"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>HILAN LTD</name>
        <lei>N/A</lei>
        <title>HILAN LTD</title>
        <cusip>N/A</cusip>
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          <isin value="IL0010846983"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NAKANISHI INC.</name>
        <lei>N/A</lei>
        <title>NAKANISHI INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3642500007"/>
          <other otherDesc="Internal" value="6271071"/>
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        <balance>258500.00000000</balance>
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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>Cybozu Inc</name>
        <lei>N/A</lei>
        <title>CYBOZU INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3312100005"/>
          <other otherDesc="Internal" value="6277927"/>
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        <balance>91700.00000000</balance>
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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>DOWA HOLDINGS CO.,LTD.</name>
        <lei>353800ZSQZKFE140A689</lei>
        <title>DOWA HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3638600001"/>
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        <balance>208300.00000000</balance>
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        <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>SAN-A CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SAN A CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3324500002"/>
          <other otherDesc="Internal" value="6280680"/>
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        <balance>166000.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Objective Corporation Ltd</name>
        <lei>N/A</lei>
        <title>OBJECTIVE CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000OCL7"/>
          <other otherDesc="Internal" value="6283407"/>
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        <balance>131466.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>1095135.22000000</valUSD>
        <pctVal>0.007610144142</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>
      <invstOrSec>
        <name>ANSELL LIMITED</name>
        <lei>549300NEGJ5G23VCJM45</lei>
        <title>ANSELL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ANN9"/>
          <other otherDesc="Internal" value="6286611"/>
        </identifiers>
        <balance>564299.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>10825114.49000000</valUSD>
        <pctVal>0.075224209875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TV Asahi Holdings Corporation</name>
        <lei>N/A</lei>
        <title>TV ASAHI HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3429000007"/>
          <other otherDesc="Internal" value="6287410"/>
        </identifiers>
        <balance>85100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1760967.86000000</valUSD>
        <pctVal>0.012237045253</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>CREDIT CORP GROUP LIMITED</name>
        <lei>549300JCSY6XG1L4WB90</lei>
        <title>CREDIT CORP GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CCP3"/>
          <other otherDesc="Internal" value="6287658"/>
        </identifiers>
        <balance>265169.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2068160.66000000</valUSD>
        <pctVal>0.014371741905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ABC-MART,INC.</name>
        <lei>353800AXWW4CMTSJWL33</lei>
        <title>ABC MART INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3152740001"/>
          <other otherDesc="Internal" value="6292102"/>
        </identifiers>
        <balance>389600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6639537.54000000</valUSD>
        <pctVal>0.046138446466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Electro Optic Systems Holdings Ltd</name>
        <lei>391200AIL8NMTC2B3I63</lei>
        <title>ELECTRO OPTIC SYSTEMS HOLDINGS LTD</title>
        <cusip>Q34521106</cusip>
        <identifiers>
          <isin value="AU000000EOS8"/>
          <other otherDesc="Internal" value="6293990"/>
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        <balance>643554.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4261941.22000000</valUSD>
        <pctVal>0.029616422173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3501657.48642100"/>
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      </invstOrSec>
      <invstOrSec>
        <name>UOB-KAY HIAN HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>UOB KAY HIAN HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1J21887414"/>
          <other otherDesc="Internal" value="6294380"/>
        </identifiers>
        <balance>1158700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>3710888.32000000</valUSD>
        <pctVal>0.025787130664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="184580.42412500"/>
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      </invstOrSec>
      <invstOrSec>
        <name>ASKUL Corporation</name>
        <lei>N/A</lei>
        <title>ASKUL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3119920001"/>
          <other otherDesc="Internal" value="6294498"/>
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        <balance>107900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>810921.15000000</valUSD>
        <pctVal>0.005635127724</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>DENTSU SOKEN INC.</name>
        <lei>N/A</lei>
        <title>DENTSU SOKEN INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3551530003"/>
          <other otherDesc="Internal" value="6295974"/>
        </identifiers>
        <balance>307600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4326118.63000000</valUSD>
        <pctVal>0.030062393896</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>EAGERS AUTOMOTIVE LIMITED</name>
        <lei>2549009FI5JQMNR9RJ37</lei>
        <title>EAGERS AUTOMOTIVE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000APE3"/>
          <other otherDesc="Internal" value="6296201"/>
        </identifiers>
        <balance>670688.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>11707343.27000000</valUSD>
        <pctVal>0.081354857543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EAGLE INDUSTRY CO.,LTD.</name>
        <lei>N/A</lei>
        <title>EAGLE INDUSTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3130400009"/>
          <other otherDesc="Internal" value="6296706"/>
        </identifiers>
        <balance>76700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1380830.28000000</valUSD>
        <pctVal>0.009595452027</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>IRESS LIMITED</name>
        <lei>5493006KZJMJI8PQXA35</lei>
        <title>IRESS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000IRE2"/>
          <other otherDesc="Internal" value="6297497"/>
        </identifiers>
        <balance>737047.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3628389.79000000</valUSD>
        <pctVal>0.025213844650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELECTRA LTD</name>
        <lei>2138005T746J61F84918</lei>
        <title>ELECTRA LTD ISRAEL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0007390375"/>
          <other otherDesc="Internal" value="6298821"/>
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        <balance>166327.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>5481872.28000000</valUSD>
        <pctVal>0.038093778249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="54710.94882200"/>
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      <invstOrSec>
        <name>Goodman New Zealand Ltd and Goodman Property Services Ltd</name>
        <lei>213800EWCLT1H1U94486</lei>
        <title>GOODMAN NEW ZEALAND LTD GO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZCPTE0001S9"/>
          <other otherDesc="Internal" value="6299192"/>
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        <balance>4230022.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69276300"/>
        <valUSD>4722894.81000000</valUSD>
        <pctVal>0.032819609505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>And ST HD Co Ltd</name>
        <lei>353800DZZIJ399PIWU03</lei>
        <title>AND ST HD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3856000009"/>
          <other otherDesc="Internal" value="6300016"/>
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        <balance>102980.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1972048.42000000</valUSD>
        <pctVal>0.013703853605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Toei Animation Co Ltd</name>
        <lei>N/A</lei>
        <title>TOEI ANIMATION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3560200002"/>
          <other otherDesc="Internal" value="6301871"/>
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        <balance>288500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4818929.45000000</valUSD>
        <pctVal>0.033486958559</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TechnologyOne Ltd</name>
        <lei>875500YEWBJIM91P9N12</lei>
        <title>TECHNOLOGY ONE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000TNE8"/>
          <other otherDesc="Internal" value="6302410"/>
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        <balance>1162129.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.166403871016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Meiko Electronics Co., Ltd.</name>
        <lei>N/A</lei>
        <title>MEIKO ELECTRONICS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3915350007"/>
          <other otherDesc="Internal" value="6302454"/>
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        <balance>79700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.111823954525</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>STRAUSS GROUP LTD</name>
        <lei>N/A</lei>
        <title>STRAUSS GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0007460160"/>
          <other otherDesc="Internal" value="6304115"/>
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        <balance>227305.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
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        <pctVal>0.068588838253</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>
      <invstOrSec>
        <name>SUMMIT REAL ESTATE HOLDINGS LTD</name>
        <lei>254900R2MAR4ZEW3DO03</lei>
        <title>SUMMIT REAL ESTATE HOLDINGS LTD</title>
        <cusip>M8705C134</cusip>
        <identifiers>
          <isin value="IL0010816861"/>
          <other otherDesc="Internal" value="6304977"/>
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        <balance>161606.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>3026197.20000000</valUSD>
        <pctVal>0.021029181124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EIKEN CHEMICAL CO.,LTD.</name>
        <lei>N/A</lei>
        <title>EIKEN CHEMICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3160700005"/>
          <other otherDesc="Internal" value="6307114"/>
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        <balance>125700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2474917.39000000</valUSD>
        <pctVal>0.017198312807</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>ELCO LTD</name>
        <lei>N/A</lei>
        <title>ELCO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0006940345"/>
          <other otherDesc="Internal" value="6307545"/>
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        <balance>41450.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>2024268.26000000</valUSD>
        <pctVal>0.014066731633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SQUARE ENIX HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SQUARE ENIX HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3164630000"/>
          <other otherDesc="Internal" value="6309262"/>
        </identifiers>
        <balance>923500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>14493561.37000000</valUSD>
        <pctVal>0.100716413055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Digital Garage, Inc.</name>
        <lei>353800XMG9BC18FQ8862</lei>
        <title>DIGITAL GARAGE INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3549070005"/>
          <other otherDesc="Internal" value="6309422"/>
        </identifiers>
        <balance>79800.00000000</balance>
        <units>NS</units>
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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>Denka Company Limited</name>
        <lei>353800Y94EKQEH8MVD43</lei>
        <title>DENKA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3549600009"/>
          <other otherDesc="Internal" value="6309820"/>
        </identifiers>
        <balance>331800.00000000</balance>
        <units>NS</units>
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        <valUSD>8641226.21000000</valUSD>
        <pctVal>0.060048271508</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>Ezaki Glico Co., Ltd.</name>
        <lei>3538001RG4BHKDFV6G61</lei>
        <title>EZAKI GLICO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3161200005"/>
          <other otherDesc="Internal" value="6327703"/>
        </identifiers>
        <balance>186500.00000000</balance>
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        <pctVal>0.046881046452</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>FP CORPORATION</name>
        <lei>N/A</lei>
        <title>FP CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3167000003"/>
          <other otherDesc="Internal" value="6329947"/>
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        <balance>173200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2558824.94000000</valUSD>
        <pctVal>0.017781390164</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>LINTEC Corporation</name>
        <lei>3538002YOJO0IAM1PD28</lei>
        <title>LINTEC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3977200009"/>
          <other otherDesc="Internal" value="6330080"/>
        </identifiers>
        <balance>172200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5572531.01000000</valUSD>
        <pctVal>0.038723769861</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>F.C.C. Co Ltd</name>
        <lei>N/A</lei>
        <title>FCC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3166900005"/>
          <other otherDesc="Internal" value="6332860"/>
        </identifiers>
        <balance>153800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.022784431417</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>NUFARM LIMITED</name>
        <lei>N/A</lei>
        <title>NUFARM LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NUF3"/>
          <other otherDesc="Internal" value="6335331"/>
        </identifiers>
        <balance>1370290.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2432051.33000000</valUSD>
        <pctVal>0.016900434618</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FIBI HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>FIBI HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0007630119"/>
          <other otherDesc="Internal" value="6339429"/>
        </identifiers>
        <balance>70397.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>7303877.94000000</valUSD>
        <pctVal>0.050754977933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRST PACIFIC COMPANY LIMITED</name>
        <lei>254900VS1MDQSDM9DE09</lei>
        <title>FIRST PACIFIC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG348041077"/>
          <other otherDesc="Internal" value="6339872"/>
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        <balance>9156000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>6424234.19000000</valUSD>
        <pctVal>0.044642293755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FLETCHER BUILDING LIMITED</name>
        <lei>N/A</lei>
        <title>FLETCHER BUILDING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZFBUE0001S0"/>
          <other otherDesc="Internal" value="6341606"/>
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        <balance>4241677.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69276300"/>
        <valUSD>7006790.05000000</valUSD>
        <pctVal>0.048690500757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kura Sushi,Inc.</name>
        <lei>N/A</lei>
        <title>KURA SUSHI INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3268200007"/>
          <other otherDesc="Internal" value="6345965"/>
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        <balance>162400.00000000</balance>
        <units>NS</units>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Fuso Chemical Co Ltd</name>
        <lei>N/A</lei>
        <title>FUSO CHEMICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3822600007"/>
          <other otherDesc="Internal" value="6347712"/>
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        <balance>231600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>FORMULA SYSTEMS (1985) LTD</name>
        <lei>N/A</lei>
        <title>FORMULA SYSTEMS 1985 LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0002560162"/>
          <other otherDesc="Internal" value="6348425"/>
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        <balance>39946.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
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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>
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      <invstOrSec>
        <name>FLIGHT CENTRE TRAVEL GROUP LIMITED</name>
        <lei>254900BGNUI78EKEJY68</lei>
        <title>FLIGHT CENTRE TRAVEL GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000FLT9"/>
          <other otherDesc="Internal" value="6352147"/>
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        <balance>674435.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.034923622786</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>UMS Integration Ltd</name>
        <lei>N/A</lei>
        <title>UMS INTEGRATION LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1J94892465"/>
          <other otherDesc="Internal" value="6353366"/>
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        <balance>2817775.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
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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>MANI,INC.</name>
        <lei>N/A</lei>
        <title>MANI INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3869920003"/>
          <other otherDesc="Internal" value="6354176"/>
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        <balance>296400.00000000</balance>
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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>Ferrotec Corporation</name>
        <lei>3538005N4KWZD4R07U97</lei>
        <title>FERROTEC CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3802720007"/>
          <other otherDesc="Internal" value="6354273"/>
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        <balance>166400.00000000</balance>
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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>
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      <invstOrSec>
        <name>ZACROS Corporation</name>
        <lei>353800YWT7BBFCB5RN10</lei>
        <title>ZACROS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3821000001"/>
          <other otherDesc="Internal" value="6355180"/>
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        <balance>210200.00000000</balance>
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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>
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      </invstOrSec>
      <invstOrSec>
        <name>GALILEI CO. LTD.</name>
        <lei>N/A</lei>
        <title>GALILEI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3805150004"/>
          <other otherDesc="Internal" value="6355210"/>
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        <balance>94900.00000000</balance>
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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>
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      <invstOrSec>
        <name>FUJIMI INCORPORATED</name>
        <lei>N/A</lei>
        <title>FUJIMI INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3820900003"/>
          <other otherDesc="Internal" value="6355276"/>
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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>
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      <invstOrSec>
        <name>FUJI CO., LTD.</name>
        <lei>N/A</lei>
        <title>FUJI CO LTD EHIME</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3807400001"/>
          <other otherDesc="Internal" value="6356246"/>
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        <balance>124800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FUJI KYUKO CO., LTD.</name>
        <lei>3538009MO4NURA3M7859</lei>
        <title>FUJI KYUKO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3810400006"/>
          <other otherDesc="Internal" value="6356495"/>
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        <balance>87600.00000000</balance>
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        <valUSD>1264577.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FUJI CORPORATION</name>
        <lei>N/A</lei>
        <title>FUJI CORP AICHI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3809200003"/>
          <other otherDesc="Internal" value="6356592"/>
        </identifiers>
        <balance>291000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>H.U. Group Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>H U GROUP HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3822000000"/>
          <other otherDesc="Internal" value="6356611"/>
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        <balance>218600.00000000</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>
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      </invstOrSec>
      <invstOrSec>
        <name>FUJI OIL CO., LTD.</name>
        <lei>N/A</lei>
        <title>FUJI OIL CO LTD OSAKA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3816400000"/>
          <other otherDesc="Internal" value="6356848"/>
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        <balance>175300.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FUJITA KANKO INC.</name>
        <lei>N/A</lei>
        <title>FUJITA KANKO INC</title>
        <cusip>J15351109</cusip>
        <identifiers>
          <isin value="JP3816800001"/>
          <other otherDesc="Internal" value="6356923"/>
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        <balance>149800.00000000</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>
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      <invstOrSec>
        <name>FUKUDA DENSHI CO., LTD.</name>
        <lei>N/A</lei>
        <title>FUKUDA DENSHI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3806000000"/>
          <other otherDesc="Internal" value="6357012"/>
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        <balance>59500.00000000</balance>
        <units>NS</units>
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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>FUKUYAMA TRANSPORTING CO., LTD.</name>
        <lei>529900Z7D20PNX4HSO85</lei>
        <title>FUKUYAMA TRANSPORTING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3806800003"/>
          <other otherDesc="Internal" value="6357120"/>
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        <balance>71400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2372001.12000000</valUSD>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Funai Soken Holdings Incorporated</name>
        <lei>N/A</lei>
        <title>FUNAI SOKEN HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3825800000"/>
          <other otherDesc="Internal" value="6357368"/>
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        <balance>278520.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Furukawa Electric Co., Ltd.</name>
        <lei>353800TJR1DQ3P1QR918</lei>
        <title>FURUKAWA ELECTRIC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3827200001"/>
          <other otherDesc="Internal" value="6357562"/>
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        <balance>264500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FURUKAWA CO.,LTD.</name>
        <lei>353800PX0BWY7U1VKE72</lei>
        <title>FURUKAWA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3826800009"/>
          <other otherDesc="Internal" value="6357603"/>
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        <balance>78700.00000000</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>
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      <invstOrSec>
        <name>FURUNO ELECTRIC CO., LTD.</name>
        <lei>N/A</lei>
        <title>FURUNO ELECTRIC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3828400006"/>
          <other otherDesc="Internal" value="6357614"/>
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        <balance>94600.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ELDERS LIMITED</name>
        <lei>254900Y0SQG962QL6549</lei>
        <title>ELDERS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ELD6"/>
          <other otherDesc="Internal" value="6357852"/>
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        <balance>746310.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3867811.65000000</valUSD>
        <pctVal>0.026877597977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>THE GPT GROUP</name>
        <lei>N/A</lei>
        <title>GPT GROUP THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000GPT8"/>
          <other otherDesc="Internal" value="6365866"/>
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        <balance>7510054.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>McDonald's Holdings Company (Japan), Ltd.</name>
        <lei>N/A</lei>
        <title>MCDONALD S HOLDINGS CO JAPAN LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3750500005"/>
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        <balance>336300.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Prestige International Inc.</name>
        <lei>N/A</lei>
        <title>PRESTIGE INTERNATIONAL INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3833620002"/>
          <other otherDesc="Internal" value="6373632"/>
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        <balance>367500.00000000</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>
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      <invstOrSec>
        <name>MATSUI SECURITIES CO., LTD.</name>
        <lei>3538007PRKOSDN175V58</lei>
        <title>MATSUI SECURITIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3863800003"/>
          <other otherDesc="Internal" value="6373892"/>
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        <balance>426200.00000000</balance>
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        <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>GLORY LTD.</name>
        <lei>3538003FKID28TGG5U64</lei>
        <title>GLORY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3274400005"/>
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        <balance>176200.00000000</balance>
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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>PARTNER COMMUNICATIONS COMPANY LTD.</name>
        <lei>N/A</lei>
        <title>PARTNER COMMUNICATIONS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="IL0010834849"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DyDo GROUP HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>DYDO GROUP HOLDINGS INC</title>
        <cusip>N/A</cusip>
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          <isin value="JP3488400007"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GOLDWIN INC.</name>
        <lei>N/A</lei>
        <title>GOLDWIN INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3306600002"/>
          <other otherDesc="Internal" value="6376169"/>
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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>SEPTENI HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>SEPTENI HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3423300007"/>
          <other otherDesc="Internal" value="6377429"/>
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        <balance>344100.00000000</balance>
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        <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>ES-CON JAPAN Ltd.</name>
        <lei>N/A</lei>
        <title>ES CON JAPAN LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3688330004"/>
          <other otherDesc="Internal" value="6380643"/>
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        <balance>179900.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GREAT EAGLE HOLDINGS LIMITED</name>
        <lei>529900V6LG3TC9XC5S67</lei>
        <title>GREAT EAGLE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG4069C1486"/>
          <other otherDesc="Internal" value="6387406"/>
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        <balance>707000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>1610145.85000000</valUSD>
        <pctVal>0.011188976288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELECOM CO., LTD.</name>
        <lei>353800BXFUVR7EPC0G35</lei>
        <title>ELECOM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3168200008"/>
          <other otherDesc="Internal" value="6388528"/>
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        <balance>162000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1677402.04000000</valUSD>
        <pctVal>0.011656342592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Real Estate Investment Corporation</name>
        <lei>3538003YAIR3CBGJJ928</lei>
        <title>JAPAN REAL ESTATE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3027680002"/>
          <other otherDesc="Internal" value="6397580"/>
        </identifiers>
        <balance>25225.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>19306817.25000000</valUSD>
        <pctVal>0.134163945719</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>The Gunma Bank, Ltd.</name>
        <lei>54930054A69VC4I5BP89</lei>
        <title>GUNMA BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3276400003"/>
          <other otherDesc="Internal" value="6398088"/>
        </identifiers>
        <balance>1250000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>17115663.45000000</valUSD>
        <pctVal>0.118937518925</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>GUNZE LIMITED</name>
        <lei>353800VSSDM5IY8UNW44</lei>
        <title>GUNZE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3275200008"/>
          <other otherDesc="Internal" value="6398709"/>
        </identifiers>
        <balance>125700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2900700.38000000</valUSD>
        <pctVal>0.020157098049</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>H.I.S. Co., Ltd.</name>
        <lei>353800XDWLF35XVQNM38</lei>
        <title>HIS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3160740001"/>
          <other otherDesc="Internal" value="6400433"/>
        </identifiers>
        <balance>238600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1606628.21000000</valUSD>
        <pctVal>0.011164532049</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>Hachijuni Nagano Bank, Ltd.</name>
        <lei>FE70I3MHDCWOZWK19W48</lei>
        <title>HACHIJUNI NAGANO BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3769000005"/>
          <other otherDesc="Internal" value="6400626"/>
        </identifiers>
        <balance>1461400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>19799548.56000000</valUSD>
        <pctVal>0.137587957864</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>HAMAMATSU PHOTONICS K.K.</name>
        <lei>N/A</lei>
        <title>HAMAMATSU PHOTONICS KK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3771800004"/>
          <other otherDesc="Internal" value="6405870"/>
        </identifiers>
        <balance>1137200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>14659001.27000000</valUSD>
        <pctVal>0.101866062398</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>Hang Lung Group Limited</name>
        <lei>N/A</lei>
        <title>HANG LUNG GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0010000088"/>
          <other otherDesc="Internal" value="6408352"/>
        </identifiers>
        <balance>3204000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>6614577.72000000</valUSD>
        <pctVal>0.045964999548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>H2O RETAILING CORPORATION</name>
        <lei>N/A</lei>
        <title>H2O RETAILING CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3774600005"/>
          <other otherDesc="Internal" value="6408705"/>
        </identifiers>
        <balance>343800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5044714.81000000</valUSD>
        <pctVal>0.035055951230</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>Hanwa Co., Ltd.</name>
        <lei>8EUP1TJYZFX3T1E5AJ33</lei>
        <title>HANWA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3777800008"/>
          <other otherDesc="Internal" value="6408824"/>
        </identifiers>
        <balance>579600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5986646.97000000</valUSD>
        <pctVal>0.041601480385</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>Axial Retailing Inc.</name>
        <lei>N/A</lei>
        <title>AXIAL RETAILING INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3772400002"/>
          <other otherDesc="Internal" value="6408976"/>
        </identifiers>
        <balance>223600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1611068.31000000</valUSD>
        <pctVal>0.011195386504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RESOLUTE MINING LIMITED</name>
        <lei>N/A</lei>
        <title>RESOLUTE MINING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000RSG6"/>
          <other otherDesc="Internal" value="6410636"/>
        </identifiers>
        <balance>8472429.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>7250077.42000000</valUSD>
        <pctVal>0.050381115688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HAREL INSURANCE INVESTMENTS &amp; FINANCIAL SERVICES LTD</name>
        <lei>213800BDNN3W11SXXD60</lei>
        <title>HAREL INSURANCE INVESTMENTS FINANCIAL SERVICES L</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0005850180"/>
          <other otherDesc="Internal" value="6410700"/>
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        <balance>447120.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>27686541.36000000</valUSD>
        <pctVal>0.192395027315</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HASEKO Corporation</name>
        <lei>N/A</lei>
        <title>HASEKO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3768600003"/>
          <other otherDesc="Internal" value="6414401"/>
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        <balance>948500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>SEIKO GROUP CORPORATION</name>
        <lei>529900UXKCNCMYX20S74</lei>
        <title>SEIKO GROUP CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3414700009"/>
          <other otherDesc="Internal" value="6414809"/>
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        <balance>213200.00000000</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>DENTSU GROUP INC.</name>
        <lei>5299007PBBE83ZLJZG91</lei>
        <title>DENTSU GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3551520004"/>
          <other otherDesc="Internal" value="6416281"/>
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        <balance>779100.00000000</balance>
        <units>NS</units>
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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>MIVNE REAL ESTATE (K.D) LTD</name>
        <lei>N/A</lei>
        <title>MIVNE REAL ESTATE KD LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0002260193"/>
          <other otherDesc="Internal" value="6416980"/>
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        <balance>2267018.00000000</balance>
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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>
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      <invstOrSec>
        <name>Hakuto Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>HAKUTO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3766400000"/>
          <other otherDesc="Internal" value="6417251"/>
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        <balance>46500.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Heiwa Corporation</name>
        <lei>N/A</lei>
        <title>HEIWA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3834200002"/>
          <other otherDesc="Internal" value="6419581"/>
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        <balance>228000.00000000</balance>
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        <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>HEIWA REAL ESTATE CO.,LTD.</name>
        <lei>N/A</lei>
        <title>HEIWA REAL ESTATE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3834800009"/>
          <other otherDesc="Internal" value="6419600"/>
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        <balance>157400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <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>HEIWADO CO.,LTD.</name>
        <lei>N/A</lei>
        <title>HEIWADO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3834400008"/>
          <other otherDesc="Internal" value="6419611"/>
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        <balance>98300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1672082.65000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHIZUOKA GAS CO.,LTD.</name>
        <lei>353800FKNOC1V6FE8T28</lei>
        <title>SHIZUOKA GAS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3351150002"/>
          <other otherDesc="Internal" value="6419956"/>
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        <balance>144000.00000000</balance>
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        <valUSD>1294989.36000000</valUSD>
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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>PAL Group Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>PAL GROUP HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3781650001"/>
          <other otherDesc="Internal" value="6421898"/>
        </identifiers>
        <balance>364400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3489097.12000000</valUSD>
        <pctVal>0.024245893590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PILOT CORPORATION</name>
        <lei>353800AR8E9WFDU10092</lei>
        <title>PILOT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3780610006"/>
          <other otherDesc="Internal" value="6425362"/>
        </identifiers>
        <balance>113600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3465149.86000000</valUSD>
        <pctVal>0.024079482998</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>AIR NEW ZEALAND LIMITED</name>
        <lei>2549005EEIR2FNT5R792</lei>
        <title>AIR NEW ZEALAND LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZAIRE0001S2"/>
          <other otherDesc="Internal" value="6426484"/>
        </identifiers>
        <balance>6486912.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69276300"/>
        <valUSD>1628661.31000000</valUSD>
        <pctVal>0.011317641057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="58247.96512100"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hioki EE Corp</name>
        <lei>N/A</lei>
        <title>HIOKI EE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3783200003"/>
          <other otherDesc="Internal" value="6428446"/>
        </identifiers>
        <balance>34800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2480367.19000000</valUSD>
        <pctVal>0.017236183713</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>HIROSE ELECTRIC CO., LTD.</name>
        <lei>N/A</lei>
        <title>HIROSE ELECTRIC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3799000009"/>
          <other otherDesc="Internal" value="6428725"/>
        </identifiers>
        <balance>113100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>15723119.57000000</valUSD>
        <pctVal>0.109260668561</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>HISAMITSU PHARMACEUTICAL CO.,INC.</name>
        <lei>N/A</lei>
        <title>HISAMITSU PHARMACEUTICAL CO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3784600003"/>
          <other otherDesc="Internal" value="6428907"/>
        </identifiers>
        <balance>73800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2829940.80000000</valUSD>
        <pctVal>0.019665386529</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>Kanadevia Corporation</name>
        <lei>5493006MPD0OCAMCE046</lei>
        <title>KANADEVIA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3789000001"/>
          <other otherDesc="Internal" value="6429308"/>
        </identifiers>
        <balance>640600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4937323.45000000</valUSD>
        <pctVal>0.034309683816</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>Maxell, Ltd.</name>
        <lei>N/A</lei>
        <title>MAXELL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3791800000"/>
          <other otherDesc="Internal" value="6429386"/>
        </identifiers>
        <balance>129300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1652138.16000000</valUSD>
        <pctVal>0.011480782748</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>Hitachi Construction Machinery Co., Ltd.</name>
        <lei>5493009B7C53PDH8W826</lei>
        <title>HITACHI CONSTRUCTION MACHINERY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3787000003"/>
          <other otherDesc="Internal" value="6429405"/>
        </identifiers>
        <balance>382600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13392258.28000000</valUSD>
        <pctVal>0.093063408104</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>Hokkaido Electric Power Company, Incorporated</name>
        <lei>353800XDXIIZDHUO0J51</lei>
        <title>HOKKAIDO ELECTRIC POWER CO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3850200001"/>
          <other otherDesc="Internal" value="6431325"/>
        </identifiers>
        <balance>686100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4460780.83000000</valUSD>
        <pctVal>0.030998167610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4276784.18594000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Hokuetsu Corporation</name>
        <lei>N/A</lei>
        <title>HOKUETSU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3841800000"/>
          <other otherDesc="Internal" value="6433105"/>
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        <balance>418500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2376660.75000000</valUSD>
        <pctVal>0.016515522974</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>Hokuriku Electric Power Company</name>
        <lei>353800Z4ZNGBULYR8W57</lei>
        <title>HOKURIKU ELECTRIC POWER CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3845400005"/>
          <other otherDesc="Internal" value="6433127"/>
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        <balance>671200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3736505.66000000</valUSD>
        <pctVal>0.025965146717</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>HORIBA, Ltd.</name>
        <lei>529900OOTWPYSNW0EC84</lei>
        <title>HORIBA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3853000002"/>
          <other otherDesc="Internal" value="6437947"/>
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        <balance>132900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>18504586.57000000</valUSD>
        <pctVal>0.128589208464</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>IGO LIMITED</name>
        <lei>2549005DZO8VGXM5QN07</lei>
        <title>IGO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000IGO4"/>
          <other otherDesc="Internal" value="6439567"/>
        </identifiers>
        <balance>2689215.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>14796848.05000000</valUSD>
        <pctVal>0.102823965902</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hosiden Corporation</name>
        <lei>353800IQGIGW1XT2JX97</lei>
        <title>HOSIDEN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3845800006"/>
          <other otherDesc="Internal" value="6439813"/>
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        <balance>164900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2928710.53000000</valUSD>
        <pctVal>0.020351741847</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>HOUSE FOODS GROUP INC.</name>
        <lei>N/A</lei>
        <title>HOUSE FOODS GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3765400001"/>
          <other otherDesc="Internal" value="6440503"/>
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        <balance>234400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.031271229507</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>AIR WATER INC.</name>
        <lei>N/A</lei>
        <title>AIR WATER INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3160670000"/>
          <other otherDesc="Internal" value="6441465"/>
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        <balance>725800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HYSAN DEVELOPMENT COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>HYSAN DEVELOPMENT CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="HK0014000126"/>
          <other otherDesc="Internal" value="6449629"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EIZO Corporation</name>
        <lei>N/A</lei>
        <title>EIZO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3651080008"/>
          <other otherDesc="Internal" value="6451817"/>
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        <balance>119300.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ITO EN,LTD.</name>
        <lei>N/A</lei>
        <title>ITO EN LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3143000002"/>
          <other otherDesc="Internal" value="6455789"/>
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        <balance>243800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>Ise Chemicals Corp</name>
        <lei>N/A</lei>
        <title>ISE CHEMICALS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3139300002"/>
          <other otherDesc="Internal" value="6456016"/>
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        <balance>72000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>IINO KAIUN KAISHA, LTD.</name>
        <lei>353800VWL98SRNE0NX81</lei>
        <title>IINO KAIUN KAISHA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3131200002"/>
          <other otherDesc="Internal" value="6457008"/>
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        <balance>272900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2864064.94000000</valUSD>
        <pctVal>0.019902516721</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>ORICA LIMITED</name>
        <lei>N/A</lei>
        <title>ORICA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ORI1"/>
          <other otherDesc="Internal" value="6458001"/>
        </identifiers>
        <balance>1830508.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>27919854.67000000</valUSD>
        <pctVal>0.194016332052</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IMPERIAL HOTEL, LTD.</name>
        <lei>N/A</lei>
        <title>IMPERIAL HOTEL LTD</title>
        <cusip>J23618101</cusip>
        <identifiers>
          <isin value="JP3542800002"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INABA DENKI SANGYO CO.,LTD.</name>
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        <cusip>N/A</cusip>
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          <isin value="JP3146200005"/>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>ISRAS INVESTMENT COMPANY LTD.</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="IL0006130343"/>
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        <invCountry>IL</invCountry>
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        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Inabata &amp; Co.,Ltd.</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3146000009"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>IMDEX LTD</name>
        <lei>529900H31NX5KRKXB865</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000IMD5"/>
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        <balance>2020059.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DOWNER EDI LIMITED</name>
        <lei>254900DIW3F7OMWAO951</lei>
        <title>DOWNER EDI LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000DOW2"/>
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        <balance>2609495.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ITOCHU ENEX CO., LTD.</name>
        <lei>549300WO21DGCU3JY132</lei>
        <title>ITOCHU ENEX CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3144000001"/>
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        <balance>189500.00000000</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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      <invstOrSec>
        <name>ITOKI CORPORATION</name>
        <lei>N/A</lei>
        <title>ITOKI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3142700008"/>
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        <balance>162300.00000000</balance>
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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>IZUMI CO., LTD.</name>
        <lei>N/A</lei>
        <title>IZUMI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3138400001"/>
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        <balance>384800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>IWATANI CORPORATION</name>
        <lei>353800TSKIDNENNV2L96</lei>
        <title>IWATANI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3151600008"/>
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        <balance>737200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ISROTEL LTD.</name>
        <lei>N/A</lei>
        <title>ISROTEL LTD</title>
        <cusip>M61452112</cusip>
        <identifiers>
          <isin value="IL0010809858"/>
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        <balance>69371.00000000</balance>
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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>
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      <invstOrSec>
        <name>JACCS CO., LTD.</name>
        <lei>N/A</lei>
        <title>JACCS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3388600003"/>
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        <balance>87400.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Japan Pulp &amp; Paper Co., Ltd.</name>
        <lei>N/A</lei>
        <title>JAPAN PULP PAPER CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3694000005"/>
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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>Japan Aviation Electronics Industry, Limited</name>
        <lei>353800OSHAMOO6TCTF61</lei>
        <title>JAPAN AVIATION ELECTRONICS INDUSTRY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3705600009"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ORGANO CORPORATION</name>
        <lei>N/A</lei>
        <title>ORGANO CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3201600008"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JEOL Ltd.</name>
        <lei>N/A</lei>
        <title>JEOL LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3735000006"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NIPPON SHOKUBAI CO., LTD.</name>
        <lei>N/A</lei>
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          <isin value="JP3715200006"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THE JAPAN STEEL WORKS,LTD.</name>
        <lei>N/A</lei>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>THE JAPAN WOOL TEXTILE CO., LTD.</name>
        <lei>N/A</lei>
        <title>JAPAN WOOL TEXTILE CO LTD THE</title>
        <cusip>N/A</cusip>
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          <isin value="JP3700800000"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JAPAN SECURITIES FINANCE CO., LTD.</name>
        <lei>3538000FYEWEUFDCS891</lei>
        <title>JAPAN SECURITIES FINANCE CO LTD</title>
        <cusip>N/A</cusip>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JAFCO Group Co., Ltd.</name>
        <lei>353800R7EWCVA2488G32</lei>
        <title>JAFCO GROUP CO LTD</title>
        <cusip>N/A</cusip>
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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>Japan Airport Terminal Co.,Ltd.</name>
        <lei>353800W9WEQSGUY2EO26</lei>
        <title>JAPAN AIRPORT TERMINAL CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3699400002"/>
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        <balance>258200.00000000</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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      <invstOrSec>
        <name>JGC HOLDINGS CORPORATION</name>
        <lei>5493003WMGG79YLARU68</lei>
        <title>JGC HOLDINGS CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3667600005"/>
          <other otherDesc="Internal" value="6473468"/>
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        <balance>869800.00000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REGIS RESOURCES LIMITED</name>
        <lei>213800XH9YUXBLYBD749</lei>
        <title>REGIS RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000RRL8"/>
          <other otherDesc="Internal" value="6476542"/>
        </identifiers>
        <balance>2991436.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>15338726.30000000</valUSD>
        <pctVal>0.106589502354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deep Yellow Ltd</name>
        <lei>N/A</lei>
        <title>DEEP YELLOW LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000DYL4"/>
          <other otherDesc="Internal" value="6480275"/>
        </identifiers>
        <balance>3663151.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4907146.86000000</valUSD>
        <pctVal>0.034099985328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAGA ELECTRONICS CO.,LTD.</name>
        <lei>3538005V2HARHWLTPJ42</lei>
        <title>KAGA ELECTRONICS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3206200002"/>
          <other otherDesc="Internal" value="6480758"/>
        </identifiers>
        <balance>134200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3593798.70000000</valUSD>
        <pctVal>0.024973469602</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>KAGOME CO., LTD.</name>
        <lei>549300QC5KRGKXSZKO90</lei>
        <title>KAGOME CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3208200000"/>
          <other otherDesc="Internal" value="6480770"/>
        </identifiers>
        <balance>322000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5532652.29000000</valUSD>
        <pctVal>0.038446650833</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>As One Corp</name>
        <lei>N/A</lei>
        <title>AS ONE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3131300000"/>
          <other otherDesc="Internal" value="6480929"/>
        </identifiers>
        <balance>236900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3285105.73000000</valUSD>
        <pctVal>0.022828348201</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>KAKEN PHARMACEUTICAL CO., LTD.</name>
        <lei>N/A</lei>
        <title>KAKEN PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3207000005"/>
          <other otherDesc="Internal" value="6481643"/>
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        <balance>111600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2904937.67000000</valUSD>
        <pctVal>0.020186543169</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>KAMEDA SEIKA CO.,LTD.</name>
        <lei>3538008WA35ECYUGYB62</lei>
        <title>KAMEDA SEIKA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3219800004"/>
          <other otherDesc="Internal" value="6482378"/>
        </identifiers>
        <balance>174500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1590225.45000000</valUSD>
        <pctVal>0.011050548528</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>Kamigumi Co.,Ltd.</name>
        <lei>3538004KUWA3850MUC05</lei>
        <title>KAMIGUMI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3219000001"/>
          <other otherDesc="Internal" value="6482668"/>
        </identifiers>
        <balance>316600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10463744.20000000</valUSD>
        <pctVal>0.072713031396</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>Kanamoto Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KANAMOTO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3215200001"/>
          <other otherDesc="Internal" value="6482903"/>
        </identifiers>
        <balance>115100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3392885.01000000</valUSD>
        <pctVal>0.023577311289</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>KANEKA CORPORATION</name>
        <lei>N/A</lei>
        <title>KANEKA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3215800008"/>
          <other otherDesc="Internal" value="6483360"/>
        </identifiers>
        <balance>165100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5163810.28000000</valUSD>
        <pctVal>0.035883551034</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>KANEMATSU CORPORATION</name>
        <lei>353800N574WR0FX80I71</lei>
        <title>KANEMATSU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3217100001"/>
          <other otherDesc="Internal" value="6483467"/>
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        <balance>637000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8761995.64000000</valUSD>
        <pctVal>0.060887503736</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>KANDENKO CO.,LTD.</name>
        <lei>35380080NSN7GCYZ3X14</lei>
        <title>KANDENKO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3230600003"/>
          <other otherDesc="Internal" value="6483586"/>
        </identifiers>
        <balance>405100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>17671073.20000000</valUSD>
        <pctVal>0.122797086382</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>KANSAI PAINT CO.,LTD.</name>
        <lei>549300ERRV6FTKH9NN70</lei>
        <title>KANSAI PAINT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3229400001"/>
          <other otherDesc="Internal" value="6483746"/>
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        <balance>561500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8426703.66000000</valUSD>
        <pctVal>0.058557544612</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>ONWARD HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>ONWARD HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3203500008"/>
          <other otherDesc="Internal" value="6483821"/>
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        <balance>426400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2016647.24000000</valUSD>
        <pctVal>0.014013772821</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>KATO SANGYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>KATO SANGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3213300001"/>
          <other otherDesc="Internal" value="6484181"/>
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        <balance>80700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3155000.95000000</valUSD>
        <pctVal>0.021924244204</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>K'S HOLDINGS CORPORATION</name>
        <lei>3538003LJ09YLR6NHG27</lei>
        <title>K S HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3277150003"/>
          <other otherDesc="Internal" value="6484277"/>
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        <balance>549940.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KYB Corporation</name>
        <lei>353800TNYJJSI69KPE33</lei>
        <title>KYB CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3220200004"/>
          <other otherDesc="Internal" value="6485009"/>
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        <balance>118500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>Konishi Co Ltd</name>
        <lei>N/A</lei>
        <title>KONISHI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3300800004"/>
          <other otherDesc="Internal" value="6485861"/>
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        <balance>202000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KERRY PROPERTIES LIMITED</name>
        <lei>5299006T5ULIIRZ7LK49</lei>
        <title>KERRY PROPERTIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG524401079"/>
          <other otherDesc="Internal" value="6486314"/>
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        <balance>2292000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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        <pctVal>0.048478424237</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Keihanshin Building Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>KEIHANSHIN BUILDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3279000008"/>
          <other otherDesc="Internal" value="6487209"/>
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        <balance>110700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>Keihan Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>KEIHAN HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3279400000"/>
          <other otherDesc="Internal" value="6487232"/>
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        <balance>379300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7862653.30000000</valUSD>
        <pctVal>0.054637933166</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>Keikyu Corporation</name>
        <lei>N/A</lei>
        <title>KEIKYU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3280200001"/>
          <other otherDesc="Internal" value="6487306"/>
        </identifiers>
        <balance>819700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8036704.90000000</valUSD>
        <pctVal>0.055847425601</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>Keio Corporation</name>
        <lei>N/A</lei>
        <title>KEIO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3277800003"/>
          <other otherDesc="Internal" value="6487362"/>
        </identifiers>
        <balance>2010300.00000000</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>
      <invstOrSec>
        <name>Keisei Electric Railway Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>KEISEI ELECTRIC RAILWAY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3278600006"/>
          <other otherDesc="Internal" value="6487425"/>
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        <balance>1529000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10920109.00000000</valUSD>
        <pctVal>0.075884331019</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>Kotobuki Spirits Co Ltd</name>
        <lei>N/A</lei>
        <title>KOTOBUKI SPIRITS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3299600001"/>
          <other otherDesc="Internal" value="6489465"/>
        </identifiers>
        <balance>397100.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KYORITSU MAINTENANCE CO.,LTD.</name>
        <lei>353800IO2MFHL1NA0986</lei>
        <title>KYORITSU MAINTENANCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3253900009"/>
          <other otherDesc="Internal" value="6489603"/>
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        <balance>291900.00000000</balance>
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        <valUSD>4441091.56000000</valUSD>
        <pctVal>0.030861345983</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>KINGSGATE CONSOLIDATED LIMITED</name>
        <lei>N/A</lei>
        <title>KINGSGATE CONSOLIDATED LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000KCN1"/>
          <other otherDesc="Internal" value="6492731"/>
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        <balance>859842.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.027260322826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KINDEN CORPORATION</name>
        <lei>35380008T6JUN5TU9T34</lei>
        <title>KINDEN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3263000006"/>
          <other otherDesc="Internal" value="6492924"/>
        </identifiers>
        <balance>468900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.174588655959</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>Kintetsu Group Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>KINTETSU GROUP HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3260800002"/>
          <other otherDesc="Internal" value="6492968"/>
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        <balance>714200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>KISSEI PHARMACEUTICAL CO.,LTD.</name>
        <lei>N/A</lei>
        <title>KISSEI PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3240600001"/>
          <other otherDesc="Internal" value="6494061"/>
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        <balance>109700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KITZ CORPORATION</name>
        <lei>52990071D57KBWPS6S92</lei>
        <title>KITZ CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3240700009"/>
          <other otherDesc="Internal" value="6494276"/>
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        <balance>247500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.023154643189</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>The Kiyo Bank, Ltd.</name>
        <lei>3538002347FGLMNPVY63</lei>
        <title>KIYO BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3248000006"/>
          <other otherDesc="Internal" value="6494522"/>
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        <balance>227700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>Kobe Steel, Ltd.</name>
        <lei>549300ZDCYYUPHEE5K87</lei>
        <title>KOBE STEEL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3289800009"/>
          <other otherDesc="Internal" value="6496023"/>
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        <balance>1448600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>KOMERI CO.,LTD.</name>
        <lei>N/A</lei>
        <title>KOMERI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3305600003"/>
          <other otherDesc="Internal" value="6496250"/>
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        <balance>102500.00000000</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>KOITO MANUFACTURING CO., LTD.</name>
        <lei>5299001FERC6CZM94C22</lei>
        <title>KOITO MANUFACTURING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3284600008"/>
          <other otherDesc="Internal" value="6496324"/>
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        <balance>714900.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KOKUYO CO., LTD.</name>
        <lei>3538001EN1YX65H42410</lei>
        <title>KOKUYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3297000006"/>
          <other otherDesc="Internal" value="6496506"/>
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        <balance>1211700.00000000</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>KONICA MINOLTA, INC.</name>
        <lei>549300SVK6KRUOL1A740</lei>
        <title>KONICA MINOLTA INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3300600008"/>
          <other otherDesc="Internal" value="6496700"/>
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        <balance>1882600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>JTEKT Corporation</name>
        <lei>353800SK6NPOZVCBOI04</lei>
        <title>JTEKT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3292200007"/>
          <other otherDesc="Internal" value="6497082"/>
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        <balance>872000.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kumagai Gumi Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>KUMAGAI GUMI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3266800006"/>
          <other otherDesc="Internal" value="6497565"/>
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        <balance>514700.00000000</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>
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      <invstOrSec>
        <name>KUMIAI CHEMICAL INDUSTRY Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KUMIAI CHEMICAL INDUSTRY CO LTD</title>
        <cusip>J36834117</cusip>
        <identifiers>
          <isin value="JP3267600009"/>
          <other otherDesc="Internal" value="6497606"/>
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        <balance>291800.00000000</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>
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      <invstOrSec>
        <name>KURABO INDUSTRIES LTD.</name>
        <lei>N/A</lei>
        <title>KURABO INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3268800004"/>
          <other otherDesc="Internal" value="6497651"/>
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        <balance>43700.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KURARAY CO., LTD.</name>
        <lei>549300W9JPTOE739QZ31</lei>
        <title>KURARAY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3269600007"/>
          <other otherDesc="Internal" value="6497662"/>
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        <balance>1088400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KUREHA CORPORATION</name>
        <lei>N/A</lei>
        <title>KUREHA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3271600003"/>
          <other otherDesc="Internal" value="6497907"/>
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        <balance>109600.00000000</balance>
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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>
      <invstOrSec>
        <name>Kurita Water Industries Ltd.</name>
        <lei>N/A</lei>
        <title>KURITA WATER INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3270000007"/>
          <other otherDesc="Internal" value="6497963"/>
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        <balance>413800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>22364752.41000000</valUSD>
        <pctVal>0.155413675362</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>KYOKUTO KAIHATSU KOGYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>KYOKUTO KAIHATSU KOGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3256900006"/>
          <other otherDesc="Internal" value="6499088"/>
        </identifiers>
        <balance>121000.00000000</balance>
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        <valUSD>2088918.65000000</valUSD>
        <pctVal>0.014515990115</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>EXEO Group, Inc.</name>
        <lei>N/A</lei>
        <title>EXEO GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3254200003"/>
          <other otherDesc="Internal" value="6499420"/>
        </identifiers>
        <balance>743300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13646814.54000000</valUSD>
        <pctVal>0.094832331061</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>Kyushu Electric Power Company, Incorporated</name>
        <lei>549300BYNZPLKQVQH430</lei>
        <title>KYUSHU ELECTRIC POWER CO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3246400000"/>
          <other otherDesc="Internal" value="6499806"/>
        </identifiers>
        <balance>1687800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>18248357.79000000</valUSD>
        <pctVal>0.126808663090</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>KRAFTIA CORPORATION</name>
        <lei>N/A</lei>
        <title>KRAFTIA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3247050002"/>
          <other otherDesc="Internal" value="6499969"/>
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        <balance>167800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10349378.97000000</valUSD>
        <pctVal>0.071918302244</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>KOHNAN SHOJI CO., LTD.</name>
        <lei>353800Z44MNXZ33L2N11</lei>
        <title>KOHNAN SHOJI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3283750002"/>
          <other otherDesc="Internal" value="6504379"/>
        </identifiers>
        <balance>72500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1875538.95000000</valUSD>
        <pctVal>0.013033204936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sun Corp</name>
        <lei>N/A</lei>
        <title>SUN CORP</title>
        <cusip>J7287N108</cusip>
        <identifiers>
          <isin value="JP3336450006"/>
          <other otherDesc="Internal" value="6507118"/>
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        <balance>47500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2632552.28000000</valUSD>
        <pctVal>0.018293724782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2627010.06467200"/>
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      </invstOrSec>
      <invstOrSec>
        <name>MIGDAL INSURANCE AND FINANCIAL HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>MIGDAL INSURANCE FINANCIAL HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010811656"/>
          <other otherDesc="Internal" value="6509062"/>
        </identifiers>
        <balance>2294658.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>14661360.01000000</valUSD>
        <pctVal>0.101882453388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="901951.78794000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>LENDLEASE GROUP</name>
        <lei>N/A</lei>
        <title>LENDLEASE CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000LLC3"/>
          <other otherDesc="Internal" value="6512004"/>
        </identifiers>
        <balance>2468206.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>6020388.97000000</valUSD>
        <pctVal>0.041835955068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EDION Corporation</name>
        <lei>353800697NBCW7EAHZ97</lei>
        <title>EDION CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3164470001"/>
          <other otherDesc="Internal" value="6512714"/>
        </identifiers>
        <balance>312500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4237727.96000000</valUSD>
        <pctVal>0.029448163135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Metropolitan Fund Investment Corporation</name>
        <lei>353800QDHNIP60E1LQ93</lei>
        <title>JAPAN METROPOLITAN FUND INVEST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3039710003"/>
          <other otherDesc="Internal" value="6513342"/>
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        <balance>28356.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>20974256.97000000</valUSD>
        <pctVal>0.145751059700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIFE CORPORATION</name>
        <lei>N/A</lei>
        <title>LIFE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3966600003"/>
          <other otherDesc="Internal" value="6515821"/>
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        <balance>159500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2621134.69000000</valUSD>
        <pctVal>0.018214383433</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>ARATA CORPORATION</name>
        <lei>N/A</lei>
        <title>ARATA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3125100002"/>
          <other otherDesc="Internal" value="6517515"/>
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        <balance>102600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1820233.96000000</valUSD>
        <pctVal>0.012648888060</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>Centuria Capital Group</name>
        <lei>N/A</lei>
        <title>CENTURIA CAPITAL GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CNI5"/>
          <other otherDesc="Internal" value="6518745"/>
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        <balance>2746916.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3379723.58000000</valUSD>
        <pctVal>0.023485851917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</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>Lion Corporation</name>
        <lei>N/A</lei>
        <title>LION CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3965400009"/>
          <other otherDesc="Internal" value="6518808"/>
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        <balance>993100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VSTECS HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>VSTECS HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9400C1116"/>
          <other otherDesc="Internal" value="6527031"/>
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        <balance>2530000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ORIX JREIT Inc.</name>
        <lei>353800WVNTBIU65TA247</lei>
        <title>ORIX JREIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3040880001"/>
          <other otherDesc="Internal" value="6527774"/>
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        <balance>20679.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Japan Prime Realty Investment Corporation</name>
        <lei>353800NJOQJAY1ODEX72</lei>
        <title>JAPAN PRIME REALTY INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3040890000"/>
          <other otherDesc="Internal" value="6528175"/>
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        <balance>13403.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BLUESCOPE STEEL LIMITED</name>
        <lei>N/A</lei>
        <title>BLUESCOPE STEEL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000BSL0"/>
          <other otherDesc="Internal" value="6533232"/>
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        <balance>1721828.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CK LIFE SCIENCES INT'L., (HOLDINGS) INC.</name>
        <lei>N/A</lei>
        <title>CK LIFE SCIENCES INT L HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2176J1058"/>
          <other otherDesc="Internal" value="6534428"/>
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        <balance>11326000.00000000</balance>
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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>
      <invstOrSec>
        <name>LUK FOOK HOLDINGS (INTERNATIONAL) LIMITED</name>
        <lei>N/A</lei>
        <title>LUK FOOK HOLDINGS INTERNATIONAL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG5695X1258"/>
          <other otherDesc="Internal" value="6536156"/>
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        <balance>1269000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Systena Corporation</name>
        <lei>N/A</lei>
        <title>SYSTENA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3351050004"/>
          <other otherDesc="Internal" value="6537881"/>
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        <balance>1039500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>HALOWS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>HALOWS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3773750009"/>
          <other otherDesc="Internal" value="6539702"/>
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        <balance>28500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>716345.69000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FOX - WIZEL LTD</name>
        <lei>984500CD14C1DFBH7712</lei>
        <title>FOX WIZEL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010870223"/>
          <other otherDesc="Internal" value="6541741"/>
        </identifiers>
        <balance>33440.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>3610154.79000000</valUSD>
        <pctVal>0.025087128811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1382633.14579800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Digital Arts Inc.</name>
        <lei>N/A</lei>
        <title>DIGITAL ARTS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3549020000"/>
          <other otherDesc="Internal" value="6543587"/>
        </identifiers>
        <balance>41200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1472841.14000000</valUSD>
        <pctVal>0.010234839652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NTT UD REIT Investment Corporation</name>
        <lei>N/A</lei>
        <title>NTT UD REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3041770003"/>
          <other otherDesc="Internal" value="6543800"/>
        </identifiers>
        <balance>5503.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4822660.41000000</valUSD>
        <pctVal>0.033512885168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NS Solutions Corporation</name>
        <lei>N/A</lei>
        <title>NS SOLUTIONS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3379900008"/>
          <other otherDesc="Internal" value="6544687"/>
        </identifiers>
        <balance>253400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5870747.80000000</valUSD>
        <pctVal>0.040796091814</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3310694.00402500"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aeon Hokkaido Corporation</name>
        <lei>N/A</lei>
        <title>AEON HOKKAIDO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3860270002"/>
          <other otherDesc="Internal" value="6544751"/>
        </identifiers>
        <balance>126600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>686118.48000000</valUSD>
        <pctVal>0.004767868329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="88881.06691900"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALSOK CO., LTD.</name>
        <lei>N/A</lei>
        <title>ALSOK CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3431900004"/>
          <other otherDesc="Internal" value="6546359"/>
        </identifiers>
        <balance>1402400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10637475.65000000</valUSD>
        <pctVal>0.073920299095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ichigo Inc.</name>
        <lei>N/A</lei>
        <title>ICHIGO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3120010008"/>
          <other otherDesc="Internal" value="6549767"/>
        </identifiers>
        <balance>830600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2650542.72000000</valUSD>
        <pctVal>0.018418741163</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>MABUCHI MOTOR CO., LTD.</name>
        <lei>N/A</lei>
        <title>MABUCHI MOTOR CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3870000001"/>
          <other otherDesc="Internal" value="6551030"/>
        </identifiers>
        <balance>672600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6330157.33000000</valUSD>
        <pctVal>0.043988549403</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>MACMAHON HOLDINGS LIMITED</name>
        <lei>52990031UMN8E6ARZC86</lei>
        <title>MACMAHON HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000MAH3"/>
          <other otherDesc="Internal" value="6551160"/>
        </identifiers>
        <balance>4651790.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2444811.64000000</valUSD>
        <pctVal>0.016989106589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Makino Milling Machine Co., Ltd.</name>
        <lei>353800JAOIGQ7V5T9078</lei>
        <title>MAKINO MILLING MACHINE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3862800004"/>
          <other otherDesc="Internal" value="6555708"/>
        </identifiers>
        <balance>94400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7175497.43000000</valUSD>
        <pctVal>0.049862855966</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WORLEY LIMITED</name>
        <lei>549300XDR86FY8OLGP97</lei>
        <title>WORLEY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000WOR2"/>
          <other otherDesc="Internal" value="6562474"/>
        </identifiers>
        <balance>1898064.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>16259238.85000000</valUSD>
        <pctVal>0.112986185670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Takeuchi Mfg Co Ltd</name>
        <lei>N/A</lei>
        <title>TAKEUCHI MANUFACTURING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3462660006"/>
          <other otherDesc="Internal" value="6565031"/>
        </identifiers>
        <balance>134900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6081135.96000000</valUSD>
        <pctVal>0.042258088647</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>MELISRON LIMITED</name>
        <lei>213800B9SL62L9VLO604</lei>
        <title>MELISRON LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0003230146"/>
          <other otherDesc="Internal" value="6565310"/>
        </identifiers>
        <balance>93495.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>13786831.68000000</valUSD>
        <pctVal>0.095805316495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MICRONICS JAPAN CO.,LTD.</name>
        <lei>353800FFW2OP7ZVXBO86</lei>
        <title>MICRONICS JAPAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3750400008"/>
          <other otherDesc="Internal" value="6567305"/>
        </identifiers>
        <balance>110700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>9307163.69000000</valUSD>
        <pctVal>0.064675901156</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>CTF Services Limited</name>
        <lei>2549002WHK9XGQC01O62</lei>
        <title>CTF SERVICES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG668971101"/>
          <other otherDesc="Internal" value="6568353"/>
        </identifiers>
        <balance>4434900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>4603349.76000000</valUSD>
        <pctVal>0.031988885549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Maruichi Steel Tube Ltd.</name>
        <lei>N/A</lei>
        <title>MARUICHI STEEL TUBE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3871200006"/>
          <other otherDesc="Internal" value="6569505"/>
        </identifiers>
        <balance>698200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6483868.41000000</valUSD>
        <pctVal>0.045056694645</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>MARUI GROUP CO.,LTD.</name>
        <lei>N/A</lei>
        <title>MARUI GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3870400003"/>
          <other otherDesc="Internal" value="6569527"/>
        </identifiers>
        <balance>640600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>12263113.25000000</valUSD>
        <pctVal>0.085216928255</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>Maruzen Showa Unyu Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>MARUZEN SHOWA UNYU CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3876000005"/>
          <other otherDesc="Internal" value="6569624"/>
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        <balance>42400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2099391.10000000</valUSD>
        <pctVal>0.014588763644</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>MATSUDA SANGYO Co.,Ltd.</name>
        <lei>3538005JX81V3H77VM68</lei>
        <title>MATSUDA SANGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3868500004"/>
          <other otherDesc="Internal" value="6570596"/>
        </identifiers>
        <balance>53300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2271744.07000000</valUSD>
        <pctVal>0.015786452223</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>MARUWA CO., LTD.</name>
        <lei>3538009BXGIG8PFXNI29</lei>
        <title>MARUWA CO LTD AICHI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3879250003"/>
          <other otherDesc="Internal" value="6570660"/>
        </identifiers>
        <balance>34300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>16203547.42000000</valUSD>
        <pctVal>0.112599183406</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>MATSUYA FOODS HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>MATSUYAFOODS HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3869800007"/>
          <other otherDesc="Internal" value="6572989"/>
        </identifiers>
        <balance>35600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1196103.61000000</valUSD>
        <pctVal>0.008311778048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PCCW LIMITED</name>
        <lei>254900SI7GPUPA1TJX39</lei>
        <title>PCCW LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0008011667"/>
          <other otherDesc="Internal" value="6574071"/>
        </identifiers>
        <balance>16852000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>13024888.57000000</valUSD>
        <pctVal>0.090510539385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAX CO., LTD.</name>
        <lei>N/A</lei>
        <title>MAX CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3864800002"/>
          <other otherDesc="Internal" value="6574220"/>
        </identifiers>
        <balance>364600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3903834.90000000</valUSD>
        <pctVal>0.027127925169</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>MEIDENSHA CORPORATION</name>
        <lei>N/A</lei>
        <title>MEIDENSHA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3919800007"/>
          <other otherDesc="Internal" value="6575900"/>
        </identifiers>
        <balance>134300.00000000</balance>
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        <valUSD>7337581.29000000</valUSD>
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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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEITEC Group Holdings Inc.</name>
        <lei>N/A</lei>
        <title>MEITEC GROUP HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3919200000"/>
          <other otherDesc="Internal" value="6576356"/>
        </identifiers>
        <balance>279300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5593753.05000000</valUSD>
        <pctVal>0.038871242776</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>MENORA MIVTACHIM HOLDINGS LTD.</name>
        <lei>2549009I6K3RDXFFY773</lei>
        <title>MENORA MIVTACHIM HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0005660183"/>
          <other otherDesc="Internal" value="6577876"/>
        </identifiers>
        <balance>86140.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>14059897.26000000</valUSD>
        <pctVal>0.097702861553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Supply Network Ltd</name>
        <lei>N/A</lei>
        <title>SUPPLY NETWORK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SNL5"/>
          <other otherDesc="Internal" value="6580993"/>
        </identifiers>
        <balance>75236.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>1733998.73000000</valUSD>
        <pctVal>0.012049635549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1215523.06103600"/>
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      </invstOrSec>
      <invstOrSec>
        <name>G CITY LTD</name>
        <lei>N/A</lei>
        <title>G CITY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0001260111"/>
          <other otherDesc="Internal" value="6585396"/>
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        <balance>391936.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>1383710.42000000</valUSD>
        <pctVal>0.009615466250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Milbon Co Ltd</name>
        <lei>N/A</lei>
        <title>MILBON CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3910650005"/>
          <other otherDesc="Internal" value="6586117"/>
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        <balance>111600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1821327.97000000</valUSD>
        <pctVal>0.012656490385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YUE YUEN INDUSTRIAL (HOLDINGS) LIMITED</name>
        <lei>254900YUFIBANZ1XU687</lei>
        <title>YUE YUEN INDUSTRIAL HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG988031446"/>
          <other otherDesc="Internal" value="6586537"/>
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        <balance>3181500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>5910095.75000000</valUSD>
        <pctVal>0.041069522497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2115857.00432100"/>
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      </invstOrSec>
      <invstOrSec>
        <name>RAMELIUS RESOURCES LIMITED</name>
        <lei>254900E44AIGW7KKNR98</lei>
        <title>RAMELIUS RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000RMS4"/>
          <other otherDesc="Internal" value="6586872"/>
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        <balance>7531069.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>18691913.02000000</valUSD>
        <pctVal>0.129890948432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOKYO ELECTRON DEVICE LIMITED</name>
        <lei>529900G8QP5OJYO5VU16</lei>
        <title>TOKYO ELECTRON DEVICE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3571600000"/>
          <other otherDesc="Internal" value="6588403"/>
        </identifiers>
        <balance>81900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1819879.89000000</valUSD>
        <pctVal>0.012646427612</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>NIHON DENGI CO., LTD.</name>
        <lei>N/A</lei>
        <title>NIHON DENGI CO LTD</title>
        <cusip>J50135102</cusip>
        <identifiers>
          <isin value="JP3734350006"/>
          <other otherDesc="Internal" value="6589729"/>
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        <balance>182000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2800869.78000000</valUSD>
        <pctVal>0.019463370697</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>TSUBURAYA FIELDS HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>TSUBURAYA FIELDS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3802680003"/>
          <other otherDesc="Internal" value="6591478"/>
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        <balance>150100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1379514.98000000</valUSD>
        <pctVal>0.009586311948</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>Credit Saison Co.,Ltd.</name>
        <lei>529900SV58ZWTGRH3A66</lei>
        <title>CREDIT SAISON CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3271400008"/>
          <other otherDesc="Internal" value="6591809"/>
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        <balance>473300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13109854.84000000</valUSD>
        <pctVal>0.091100973836</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>Sojitz Corporation</name>
        <lei>5493004SE33MRLPB1W98</lei>
        <title>SOJITZ CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3663900003"/>
          <other otherDesc="Internal" value="6594143"/>
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        <balance>828920.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>MISUMI Group Inc.</name>
        <lei>N/A</lei>
        <title>MISUMI GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3885400006"/>
          <other otherDesc="Internal" value="6595179"/>
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        <balance>1068300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.170881793075</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>MITANI SEKISAN Co., Ltd.</name>
        <lei>N/A</lei>
        <title>MITANI SEKISAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3887600009"/>
          <other otherDesc="Internal" value="6596291"/>
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        <balance>119400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>MITSUBISHI PENCIL CO., LTD.</name>
        <lei>N/A</lei>
        <title>MITSUBISHI PENCIL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3895600009"/>
          <other otherDesc="Internal" value="6596763"/>
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        <balance>143000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mitsubishi Logistics Corporation</name>
        <lei>N/A</lei>
        <title>MITSUBISHI LOGISTICS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3902000003"/>
          <other otherDesc="Internal" value="6596848"/>
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        <balance>977100.00000000</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>MITSUBISHI GAS CHEMICAL COMPANY,INC.</name>
        <lei>529900G5O4J27ZPLJJ89</lei>
        <title>MITSUBISHI GAS CHEMICAL CO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3896800004"/>
          <other otherDesc="Internal" value="6596923"/>
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        <balance>585500.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mitsuboshi Belting Ltd</name>
        <lei>N/A</lei>
        <title>MITSUBOSHI BELTING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3904000001"/>
          <other otherDesc="Internal" value="6596989"/>
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        <balance>91400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</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>MITSUBISHI MATERIALS CORPORATION</name>
        <lei>35380076QOBOSOUBRT89</lei>
        <title>MITSUBISHI MATERIALS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3903000002"/>
          <other otherDesc="Internal" value="6597089"/>
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        <balance>493500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>Mitsui Kinzoku Company, Limited</name>
        <lei>35380021EYAHSQM25559</lei>
        <title>MITSUI KINZOKU CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3888400003"/>
          <other otherDesc="Internal" value="6597346"/>
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        <balance>226600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>62260266.45000000</valUSD>
        <pctVal>0.432649405665</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>Mitsui Chemicals, Inc.</name>
        <lei>353800H2UB5ZEZRZQC02</lei>
        <title>MITSUI CHEMICALS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3888300005"/>
          <other otherDesc="Internal" value="6597368"/>
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        <balance>1425700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>17392223.90000000</valUSD>
        <pctVal>0.120859349992</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>MITSUI E&amp;S Co., Ltd.</name>
        <lei>5493007T2YKKWF2NYN82</lei>
        <title>MITSUI E S CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3891600003"/>
          <other otherDesc="Internal" value="6597380"/>
        </identifiers>
        <balance>387400.00000000</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>
      <invstOrSec>
        <name>Mitsui High-tec, Inc.</name>
        <lei>N/A</lei>
        <title>MITSUI HIGH TEC INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3892400007"/>
          <other otherDesc="Internal" value="6597432"/>
        </identifiers>
        <balance>346300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1442971.36000000</valUSD>
        <pctVal>0.010027273201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="749074.22569600"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsui DM Sugar Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>MITSUI DM SUGAR CO LTD</title>
        <cusip>J4517A105</cusip>
        <identifiers>
          <isin value="JP3890400009"/>
          <other otherDesc="Internal" value="6597562"/>
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        <balance>62600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1325169.63000000</valUSD>
        <pctVal>0.009208663655</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>MITSUI-SOKO HOLDINGS Co., Ltd.</name>
        <lei>N/A</lei>
        <title>MITSUI SOKO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3891200002"/>
          <other otherDesc="Internal" value="6597647"/>
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        <balance>224600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5641002.84000000</valUSD>
        <pctVal>0.039199583703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsuuroko Group Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>MITSUUROKO GROUP HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3894400005"/>
          <other otherDesc="Internal" value="6597681"/>
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        <balance>99300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1260238.41000000</valUSD>
        <pctVal>0.008757453672</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>MIURA CO., LTD.</name>
        <lei>3538005VS7UNWU9PHX56</lei>
        <title>MIURA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3880800002"/>
          <other otherDesc="Internal" value="6597777"/>
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        <balance>349100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7229899.22000000</valUSD>
        <pctVal>0.050240896464</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>MIZUNO CORPORATION</name>
        <lei>353800HVH84K5YH37819</lei>
        <title>MIZUNO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3905200006"/>
          <other otherDesc="Internal" value="6597960"/>
        </identifiers>
        <balance>204100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4333065.92000000</valUSD>
        <pctVal>0.030110670928</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>Mochida Pharmaceutical Co., Ltd.</name>
        <lei>3538008YGVRYRM8B7Q95</lei>
        <title>MOCHIDA PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3922800002"/>
          <other otherDesc="Internal" value="6598004"/>
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        <balance>81900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1761858.48000000</valUSD>
        <pctVal>0.012243234211</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>LEOPALACE21 CORPORATION</name>
        <lei>N/A</lei>
        <title>LEOPALACE21 CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3167500002"/>
          <other otherDesc="Internal" value="6598424"/>
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        <balance>805400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3355953.10000000</valUSD>
        <pctVal>0.023320669777</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>MITSUBISHI MOTORS CORPORATION</name>
        <lei>5299006ZTN6MO1N5BR16</lei>
        <title>MITSUBISHI MOTORS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3899800001"/>
          <other otherDesc="Internal" value="6598446"/>
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        <balance>2574000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5027149.74000000</valUSD>
        <pctVal>0.034933890765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3440296.91803000"/>
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      <invstOrSec>
        <name>MIVTAH SHAMIR HOLDINGS LTD.</name>
        <lei>N/A</lei>
        <title>MIVTACH SHAMIR HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0001270193"/>
          <other otherDesc="Internal" value="6599104"/>
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        <balance>20428.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>3074830.46000000</valUSD>
        <pctVal>0.021367135845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="150520.38672400"/>
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      <invstOrSec>
        <name>ULVAC,Inc.</name>
        <lei>N/A</lei>
        <title>ULVAC INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3126190002"/>
          <other otherDesc="Internal" value="6599483"/>
        </identifiers>
        <balance>185300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11668796.94000000</valUSD>
        <pctVal>0.081086997354</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>MONADELPHOUS GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>MONADELPHOUS GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000MND5"/>
          <other otherDesc="Internal" value="6600471"/>
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        <balance>373957.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>7595310.94000000</valUSD>
        <pctVal>0.052780159022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DMG MORI CO., LTD.</name>
        <lei>353800P4I3FIXTQV2E13</lei>
        <title>DMG MORI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3924800000"/>
          <other otherDesc="Internal" value="6602563"/>
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        <balance>536600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>9999239.00000000</valUSD>
        <pctVal>0.069485163767</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>Morinaga &amp; Co., Ltd.</name>
        <lei>N/A</lei>
        <title>MORINAGA CO LTD JAPAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3926400007"/>
          <other otherDesc="Internal" value="6602604"/>
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        <balance>254300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>Morinaga Milk Industry Co., Ltd.</name>
        <lei>N/A</lei>
        <title>MORINAGA MILK INDUSTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3926800008"/>
          <other otherDesc="Internal" value="6602648"/>
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        <balance>262000.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORITA HOLDINGS CORPORATION</name>
        <lei>N/A</lei>
        <title>MORITA HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3925600003"/>
          <other otherDesc="Internal" value="6602745"/>
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        <balance>121600.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COMFORTDELGRO CORPORATION LIMITED</name>
        <lei>N/A</lei>
        <title>COMFORTDELGRO CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1N31909426"/>
          <other otherDesc="Internal" value="6603737"/>
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        <balance>8414000.00000000</balance>
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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>Wacom Co Ltd</name>
        <lei>353800R3B771OQOQPT02</lei>
        <title>WACOM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3993400005"/>
          <other otherDesc="Internal" value="6603920"/>
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        <balance>487500.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MOS FOOD SERVICES, INC.</name>
        <lei>N/A</lei>
        <title>MOS FOOD SERVICES INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3922400001"/>
          <other otherDesc="Internal" value="6605830"/>
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        <balance>99500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SINGAPORE POST LIMITED</name>
        <lei>2549001SP50468BWD892</lei>
        <title>SINGAPORE POST LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1N89910219"/>
          <other otherDesc="Internal" value="6609478"/>
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        <balance>6195200.00000000</balance>
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        <valUSD>1682278.47000000</valUSD>
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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>
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      </invstOrSec>
      <invstOrSec>
        <name>The Musashino Bank, Ltd.</name>
        <lei>353800L8RJMVN2OOS612</lei>
        <title>MUSASHINO BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3912800004"/>
          <other otherDesc="Internal" value="6611440"/>
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        <balance>313100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4756143.44000000</valUSD>
        <pctVal>0.033050655737</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>SEIKO EPSON CORPORATION</name>
        <lei>549300NIOFQDR749W206</lei>
        <title>SEIKO EPSON CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3414750004"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</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>Nojima Corporation</name>
        <lei>N/A</lei>
        <title>NOJIMA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3761600000"/>
          <other otherDesc="Internal" value="6616876"/>
        </identifiers>
        <balance>733800.00000000</balance>
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        <valUSD>5719854.62000000</valUSD>
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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>NGK Corporation</name>
        <lei>353800701BNCL25VYY16</lei>
        <title>NGK CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3695200000"/>
          <other otherDesc="Internal" value="6619507"/>
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        <balance>925400.00000000</balance>
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        <valUSD>29298655.65000000</valUSD>
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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>Niterra Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NITERRA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3738600000"/>
          <other otherDesc="Internal" value="6619604"/>
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        <balance>584000.00000000</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>NHK SPRING CO., LTD.</name>
        <lei>35380033IJ3XRDV8VH57</lei>
        <title>NHK SPRING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3742600004"/>
          <other otherDesc="Internal" value="6619648"/>
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        <balance>686200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NAGASE &amp; CO., LTD.</name>
        <lei>353800VMIQIB0LSK1Q36</lei>
        <title>NAGASE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3647800006"/>
          <other otherDesc="Internal" value="6619820"/>
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        <balance>1220200.00000000</balance>
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        <valUSD>9177714.60000000</valUSD>
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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>Nagoya Railroad Co., Ltd.</name>
        <lei>353800P62OOYUY3I8T51</lei>
        <title>NAGOYA RAILROAD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3649800004"/>
          <other otherDesc="Internal" value="6619864"/>
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        <balance>732400.00000000</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>NACHI-FUJIKOSHI CORP.</name>
        <lei>353800VMZ8DPGXDO5U37</lei>
        <title>NACHI FUJIKOSHI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3813200007"/>
          <other otherDesc="Internal" value="6619905"/>
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        <balance>55100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Bank of Nagoya, Ltd.</name>
        <lei>353800P9H4582TP8FA91</lei>
        <title>BANK OF NAGOYA LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3648800005"/>
          <other otherDesc="Internal" value="6620093"/>
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        <balance>127000.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NAGAWA Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NAGAWA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3648700007"/>
          <other otherDesc="Internal" value="6620350"/>
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        <balance>29000.00000000</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>
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      <invstOrSec>
        <name>TRUSCO NAKAYAMA CORPORATION</name>
        <lei>N/A</lei>
        <title>TRUSCO NAKAYAMA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3635500006"/>
          <other otherDesc="Internal" value="6620888"/>
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        <balance>178500.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Namura Shipbuilding Co.,Ltd.</name>
        <lei>353800L4EGBFKO3C4X44</lei>
        <title>NAMURA SHIPBUILDING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3651400008"/>
          <other otherDesc="Internal" value="6621063"/>
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        <balance>206900.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NANKAI Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>NANKAI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3653000004"/>
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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>The Nanto Bank, Ltd.</name>
        <lei>353800923E4YW3IDES52</lei>
        <title>NANTO BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3653400006"/>
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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>MODEC, INC.</name>
        <lei>N/A</lei>
        <title>MODEC INC</title>
        <cusip>N/A</cusip>
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          <isin value="JP3888250002"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EL AL ISRAEL AIRLINES LTD</name>
        <lei>549300TW18OUVFDCDP95</lei>
        <title>EL AL ISRAEL AIRLINES</title>
        <cusip>M3741D147</cusip>
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          <isin value="IL0010878242"/>
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        <balance>1197132.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NISHIO HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>NISHIO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3657500009"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NICHIHA CORPORATION</name>
        <lei>N/A</lei>
        <title>NICHIHA CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3662200009"/>
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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>NICHICON CORPORATION</name>
        <lei>N/A</lei>
        <title>NICHICON CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3661800007"/>
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        <balance>168900.00000000</balance>
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        <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>NIFCO INC.</name>
        <lei>353800JMDOH68J9I5140</lei>
        <title>NIFCO INC JAPAN</title>
        <cusip>654101104</cusip>
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          <isin value="JP3756200006"/>
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        <balance>293200.00000000</balance>
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        <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>NSD CO., LTD.</name>
        <lei>N/A</lei>
        <title>NSD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3712600000"/>
          <other otherDesc="Internal" value="6639602"/>
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        <balance>252580.00000000</balance>
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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>
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      <invstOrSec>
        <name>NIHON KOHDEN CORPORATION</name>
        <lei>N/A</lei>
        <title>NIHON KOHDEN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3706800004"/>
          <other otherDesc="Internal" value="6639970"/>
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        <balance>605900.00000000</balance>
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        <valUSD>5643515.28000000</valUSD>
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        <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>NIPPON GAS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>NIPPON GAS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3695600001"/>
          <other otherDesc="Internal" value="6640068"/>
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        <balance>426400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7319838.24000000</valUSD>
        <pctVal>0.050865886779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON DENSETSU KOGYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>NIPPON DENSETSU KOGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3736200001"/>
          <other otherDesc="Internal" value="6640325"/>
        </identifiers>
        <balance>133100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4155145.72000000</valUSD>
        <pctVal>0.028874295416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON KAYAKU CO.,LTD.</name>
        <lei>N/A</lei>
        <title>NIPPON KAYAKU CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3694400007"/>
          <other otherDesc="Internal" value="6640422"/>
        </identifiers>
        <balance>507400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5627406.10000000</valUSD>
        <pctVal>0.039105099342</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>NOF CORPORATION</name>
        <lei>N/A</lei>
        <title>NOF CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3753400005"/>
          <other otherDesc="Internal" value="6640488"/>
        </identifiers>
        <balance>793000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>16195427.53000000</valUSD>
        <pctVal>0.112542757923</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>NIHON PARKERIZING CO., LTD.</name>
        <lei>N/A</lei>
        <title>NIHON PARKERIZING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3744600002"/>
          <other otherDesc="Internal" value="6640529"/>
        </identifiers>
        <balance>286700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2636553.65000000</valUSD>
        <pctVal>0.018321530483</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Shinyaku Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NIPPON SHINYAKU CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3717600005"/>
          <other otherDesc="Internal" value="6640563"/>
        </identifiers>
        <balance>208700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6398884.17000000</valUSD>
        <pctVal>0.044466135320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Soda Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NIPPON SODA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3726200003"/>
          <other otherDesc="Internal" value="6640585"/>
        </identifiers>
        <balance>168500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3905062.31000000</valUSD>
        <pctVal>0.027136454497</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>NIPPN CORPORATION</name>
        <lei>353800V7HRZ1HQGJCW63</lei>
        <title>NIPPN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3723000000"/>
          <other otherDesc="Internal" value="6640745"/>
        </identifiers>
        <balance>216300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3656014.44000000</valUSD>
        <pctVal>0.025405809591</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>NH Foods Ltd.</name>
        <lei>353800NLDBIOUQILWU82</lei>
        <title>NH FOODS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3743000006"/>
          <other otherDesc="Internal" value="6640767"/>
        </identifiers>
        <balance>332800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13712054.65000000</valUSD>
        <pctVal>0.095285687534</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>NICHIREI CORPORATION</name>
        <lei>N/A</lei>
        <title>NICHIREI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3665200006"/>
          <other otherDesc="Internal" value="6640864"/>
        </identifiers>
        <balance>811000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>9772613.46000000</valUSD>
        <pctVal>0.067910332646</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nissui Corporation</name>
        <lei>N/A</lei>
        <title>NISSUI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3718800000"/>
          <other otherDesc="Internal" value="6640927"/>
        </identifiers>
        <balance>1113400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8668317.01000000</valUSD>
        <pctVal>0.060236526702</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>NISSHIN SEIFUN GROUP INC.</name>
        <lei>N/A</lei>
        <title>NISSHIN SEIFUN GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3676800000"/>
          <other otherDesc="Internal" value="6640961"/>
        </identifiers>
        <balance>797500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10186629.53000000</valUSD>
        <pctVal>0.070787349029</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>Nishimatsu Construction Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NISHIMATSU CONSTRUCTION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3659200004"/>
          <other otherDesc="Internal" value="6640983"/>
        </identifiers>
        <balance>115600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4251670.58000000</valUSD>
        <pctVal>0.029545051031</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>Nittetsu Mining Co., Ltd.</name>
        <lei>213800HBRWZK44PCU381</lei>
        <title>NITTETSU MINING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3680800004"/>
          <other otherDesc="Internal" value="6641027"/>
        </identifiers>
        <balance>166900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2617914.32000000</valUSD>
        <pctVal>0.018192004936</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>The Nisshin OilliO Group,Ltd.</name>
        <lei>549300DMFXTY70ZEGQ59</lei>
        <title>NISSHIN OILLIO GROUP LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3677200002"/>
          <other otherDesc="Internal" value="6641049"/>
        </identifiers>
        <balance>300400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3455290.50000000</valUSD>
        <pctVal>0.024010969860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NITTO BOSEKI CO., LTD.</name>
        <lei>3538005B13YMJ9BWQO82</lei>
        <title>NITTO BOSEKI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3684400009"/>
          <other otherDesc="Internal" value="6641083"/>
        </identifiers>
        <balance>97100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>17840264.72000000</valUSD>
        <pctVal>0.123972805902</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>PILLAR Corporation</name>
        <lei>N/A</lei>
        <title>PILLAR CORP JAPAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3747800005"/>
          <other otherDesc="Internal" value="6641135"/>
        </identifiers>
        <balance>64100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3768808.30000000</valUSD>
        <pctVal>0.026189619223</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>NICHIAS CORPORATION</name>
        <lei>N/A</lei>
        <title>NICHIAS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3660400007"/>
          <other otherDesc="Internal" value="6641146"/>
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        <balance>644500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>12787637.71000000</valUSD>
        <pctVal>0.088861872435</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>NORITAKE CO., LIMITED</name>
        <lei>N/A</lei>
        <title>NORITAKE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3763000001"/>
          <other otherDesc="Internal" value="6641522"/>
        </identifiers>
        <balance>150400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3310670.17000000</valUSD>
        <pctVal>0.023005996650</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>NSK Ltd.</name>
        <lei>353800FVQK6SULSPBC69</lei>
        <title>NSK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3720800006"/>
          <other otherDesc="Internal" value="6641544"/>
        </identifiers>
        <balance>1478500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>12008909.05000000</valUSD>
        <pctVal>0.083450451779</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>Nissan Chemical Corporation</name>
        <lei>3538002E4L1CUGJFFU25</lei>
        <title>NISSAN CHEMICAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3670800006"/>
          <other otherDesc="Internal" value="6641588"/>
        </identifiers>
        <balance>482300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>20854420.94000000</valUSD>
        <pctVal>0.144918313711</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>NIPRO CORPORATION</name>
        <lei>353800AKDDNW0E810O26</lei>
        <title>NIPRO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3673600007"/>
          <other otherDesc="Internal" value="6641599"/>
        </identifiers>
        <balance>640800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6220623.26000000</valUSD>
        <pctVal>0.043227392199</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>NISSIN FOODS HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>NISSIN FOODS HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3675600005"/>
          <other otherDesc="Internal" value="6641760"/>
        </identifiers>
        <balance>762000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13642197.92000000</valUSD>
        <pctVal>0.094800249960</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>NIKKON Holdings Co.,Ltd.</name>
        <lei>3538005QJ1M73DPIMH49</lei>
        <title>NIKKON HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3709600005"/>
          <other otherDesc="Internal" value="6642202"/>
        </identifiers>
        <balance>374300.00000000</balance>
        <units>NS</units>
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        <valUSD>12094093.58000000</valUSD>
        <pctVal>0.084042402928</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>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIKON CORPORATION</name>
        <lei>N/A</lei>
        <title>NIKON CORP</title>
        <cusip>654111103</cusip>
        <identifiers>
          <isin value="JP3657400002"/>
          <other otherDesc="Internal" value="6642321"/>
        </identifiers>
        <balance>991200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10966239.93000000</valUSD>
        <pctVal>0.076204896937</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>YAMAHA CORPORATION</name>
        <lei>N/A</lei>
        <title>YAMAHA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3942600002"/>
          <other otherDesc="Internal" value="6642387"/>
        </identifiers>
        <balance>1588400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11335601.30000000</valUSD>
        <pctVal>0.078771605792</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>NOK CORPORATION</name>
        <lei>N/A</lei>
        <title>NOK CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3164800009"/>
          <other otherDesc="Internal" value="6642428"/>
        </identifiers>
        <balance>325200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5783179.32000000</valUSD>
        <pctVal>0.040187574488</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON SEIKI CO.,LTD.</name>
        <lei>N/A</lei>
        <title>NIPPON SEIKI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3720600000"/>
          <other otherDesc="Internal" value="6642536"/>
        </identifiers>
        <balance>160700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2629041.14000000</valUSD>
        <pctVal>0.018269325711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Electric Glass Co., Ltd.</name>
        <lei>529900NCIGSAX4V03234</lei>
        <title>NIPPON ELECTRIC GLASS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3733400000"/>
          <other otherDesc="Internal" value="6642666"/>
        </identifiers>
        <balance>265100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13838855.66000000</valUSD>
        <pctVal>0.096166833484</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>BIPROGY Inc.</name>
        <lei>N/A</lei>
        <title>BIPROGY INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3754200008"/>
          <other otherDesc="Internal" value="6642688"/>
        </identifiers>
        <balance>296000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8512892.24000000</valUSD>
        <pctVal>0.059156472950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NISSAN SHATAI CO., LTD.</name>
        <lei>N/A</lei>
        <title>NISSAN SHATAI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3672000001"/>
          <other otherDesc="Internal" value="6642901"/>
        </identifiers>
        <balance>286800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1662494.91000000</valUSD>
        <pctVal>0.011552752272</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>Nisshinbo Holdings Inc.</name>
        <lei>353800YAM89GL5GPHB47</lei>
        <title>NISSHINBO HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3678000005"/>
          <other otherDesc="Internal" value="6642923"/>
        </identifiers>
        <balance>564100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7441012.05000000</valUSD>
        <pctVal>0.051707929062</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>Nishi-Nippon Railroad Co., Ltd.</name>
        <lei>353800IYLMHYH4972387</lei>
        <title>NISHI NIPPON RAILROAD CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3658800002"/>
          <other otherDesc="Internal" value="6642967"/>
        </identifiers>
        <balance>235900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4321252.59000000</valUSD>
        <pctVal>0.030028579564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NITTO KOGYO CORPORATION</name>
        <lei>N/A</lei>
        <title>NITTO KOGYO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3682400001"/>
          <other otherDesc="Internal" value="6643283"/>
        </identifiers>
        <balance>97300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2814497.90000000</valUSD>
        <pctVal>0.019558073119</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>NOHMI BOSAI LTD.</name>
        <lei>353800GLN5G6LQ5TQ132</lei>
        <title>NOHMI BOSAI LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3759800000"/>
          <other otherDesc="Internal" value="6643681"/>
        </identifiers>
        <balance>97500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2562512.94000000</valUSD>
        <pctVal>0.017807018243</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>NORITZ CORPORATION</name>
        <lei>N/A</lei>
        <title>NORITZ CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3759400009"/>
          <other otherDesc="Internal" value="6643896"/>
        </identifiers>
        <balance>114800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1721761.68000000</valUSD>
        <pctVal>0.011964599736</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZEON CORPORATION</name>
        <lei>N/A</lei>
        <title>ZEON CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3725400000"/>
          <other otherDesc="Internal" value="6644015"/>
        </identifiers>
        <balance>574900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6701006.29000000</valUSD>
        <pctVal>0.046565595588</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>Nippon Television Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>NIPPON TELEVISION HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3732200005"/>
          <other otherDesc="Internal" value="6644060"/>
        </identifiers>
        <balance>205800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3912402.15000000</valUSD>
        <pctVal>0.027187459377</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>NOMURA Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NOMURA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3762400004"/>
          <other otherDesc="Internal" value="6646237"/>
        </identifiers>
        <balance>311100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2323853.15000000</valUSD>
        <pctVal>0.016148560575</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>Nitta Corporation</name>
        <lei>N/A</lei>
        <title>NITTA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3679850002"/>
          <other otherDesc="Internal" value="6646680"/>
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        <balance>71600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2035250.99000000</valUSD>
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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>Noritsu Koki Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NORITSU KOKI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3759500006"/>
          <other otherDesc="Internal" value="6648783"/>
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        <balance>220200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2931287.96000000</valUSD>
        <pctVal>0.020369652525</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>NTN CORPORATION</name>
        <lei>3538008XP7ZG9BKBQX64</lei>
        <title>NTN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3165600002"/>
          <other otherDesc="Internal" value="6651189"/>
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        <balance>1827100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4460409.85000000</valUSD>
        <pctVal>0.030995589653</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>COMBA TELECOM SYSTEMS HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>COMBA TELECOM SYSTEMS HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG229721140"/>
          <other otherDesc="Internal" value="6651576"/>
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        <balance>7602000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>1481185.74000000</valUSD>
        <pctVal>0.010292826655</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>
      <invstOrSec>
        <name>OSG Corporation</name>
        <lei>353800IWJAOVAFO6X450</lei>
        <title>OSG CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3170800001"/>
          <other otherDesc="Internal" value="6655620"/>
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        <balance>266400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5571403.33000000</valUSD>
        <pctVal>0.038715933562</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>Odakyu Electric Railway Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>ODAKYU ELECTRIC RAILWAY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3196000008"/>
          <other otherDesc="Internal" value="6656106"/>
        </identifiers>
        <balance>1239000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>12403636.48000000</valUSD>
        <pctVal>0.086193430531</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>The Ogaki Kyoritsu Bank, Ltd.</name>
        <lei>549300M5X5T6C27W3H96</lei>
        <title>OGAKI KYORITSU BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3176000002"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oki Electric Industry Company, Limited</name>
        <lei>N/A</lei>
        <title>OKI ELECTRIC INDUSTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3194000000"/>
          <other otherDesc="Internal" value="6657682"/>
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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>Oji Holdings Corporation</name>
        <lei>529900LVC9GIIYUGE243</lei>
        <title>OJI HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3174410005"/>
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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>OKAMOTO INDUSTRIES,INC.</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="JP3192800005"/>
          <other otherDesc="Internal" value="6657767"/>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OKUMA Corporation</name>
        <lei>N/A</lei>
        <title>OKUMA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3172100004"/>
          <other otherDesc="Internal" value="6657789"/>
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        <balance>174400.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OKUMURA CORPORATION</name>
        <lei>N/A</lei>
        <title>OKUMURA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3194800003"/>
          <other otherDesc="Internal" value="6657808"/>
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        <balance>123400.00000000</balance>
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        <valUSD>4850484.64000000</valUSD>
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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>OKAMURA CORPORATION</name>
        <lei>N/A</lei>
        <title>OKAMURA CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3192400004"/>
          <other otherDesc="Internal" value="6657842"/>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <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>OKASAN SECURITIES GROUP INC.</name>
        <lei>N/A</lei>
        <title>OKASAN SECURITIES GROUP INC</title>
        <cusip>N/A</cusip>
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          <isin value="JP3190800007"/>
          <other otherDesc="Internal" value="6657949"/>
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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>OMRON Corporation</name>
        <lei>549300ZHW0TR2QZ0NY83</lei>
        <title>OMRON CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3197800000"/>
          <other otherDesc="Internal" value="6659428"/>
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        <balance>727800.00000000</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>The Hyakugo Bank, Ltd.</name>
        <lei>549300BYCCERC5EKUX15</lei>
        <title>HYAKUGO BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3793800008"/>
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        <balance>798400.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>The Hyakujushi Bank, Ltd.</name>
        <lei>5493009ZQOZS8JYRQN62</lei>
        <title>HYAKUJUSHI BANK LTD THE</title>
        <cusip>N/A</cusip>
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          <isin value="JP3794200000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ONO PHARMACEUTICAL CO., LTD.</name>
        <lei>N/A</lei>
        <title>ONO PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3197600004"/>
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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>TAIHEIYO CEMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>TAIHEIYO CEMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3449020001"/>
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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>OHSHO FOOD SERVICE CORP.</name>
        <lei>N/A</lei>
        <title>OHSHO FOOD SERVICE CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3174300008"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Orient Corporation</name>
        <lei>N/A</lei>
        <title>ORIENT CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3199000005"/>
          <other otherDesc="Internal" value="6661122"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DAI-DAN CO., LTD.</name>
        <lei>N/A</lei>
        <title>DAI DAN CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3486000007"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OSAKA SODA CO., LTD.</name>
        <lei>N/A</lei>
        <title>OSAKA SODA CO LTD</title>
        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>DAIHEN Corporation</name>
        <lei>353800VGTLA3QRNG5478</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>OSAKA STEEL CO., LTD.</name>
        <lei>N/A</lei>
        <title>OSAKA STEEL CO LTD</title>
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          <isin value="JP3184600009"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PS Construction Co., Ltd.</name>
        <lei>3538004HXAQHNO9VGP65</lei>
        <title>PS CONSTRUCTION CO LTD</title>
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          <isin value="JP3801400007"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PARK24 Co., Ltd.</name>
        <lei>549300LFG2WZWCWM4M68</lei>
        <title>PARK24 CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3780100008"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PALADIN ENERGY LTD</name>
        <lei>549300M44UTJAP8J6B37</lei>
        <title>PALADIN ENERGY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <balance>1777334.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>EQUITAL LTD</name>
        <lei>N/A</lei>
        <title>EQUITAL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0007550176"/>
          <other otherDesc="Internal" value="6677356"/>
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        <balance>94290.00000000</balance>
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        <valUSD>4056456.65000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="561252.87364400"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Century Corporation</name>
        <lei>35380096ZLHOF84DXR74</lei>
        <title>TOKYO CENTURY CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3424950008"/>
          <other otherDesc="Internal" value="6679794"/>
        </identifiers>
        <balance>589000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8091010.48000000</valUSD>
        <pctVal>0.056224797531</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>Seria Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SERIA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3423520000"/>
          <other otherDesc="Internal" value="6680718"/>
        </identifiers>
        <balance>175000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3827937.05000000</valUSD>
        <pctVal>0.026600507579</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>PENTA-OCEAN CONSTRUCTION CO.,LTD.</name>
        <lei>N/A</lei>
        <title>PENTA OCEAN CONSTRUCTION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3309000002"/>
          <other otherDesc="Internal" value="6680804"/>
        </identifiers>
        <balance>1069900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11987424.62000000</valUSD>
        <pctVal>0.083301155504</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>NEW HOPE CORPORATION LIMITED</name>
        <lei>254900DHRUGXZSLSNZ83</lei>
        <title>NEW HOPE CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NHC7"/>
          <other otherDesc="Internal" value="6681960"/>
        </identifiers>
        <balance>1982505.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>7821630.47000000</valUSD>
        <pctVal>0.054352863666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1662257.00036600"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PERPETUAL LIMITED</name>
        <lei>549300US8OE0UQWXPO82</lei>
        <title>PERPETUAL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000PPT9"/>
          <other otherDesc="Internal" value="6682394"/>
        </identifiers>
        <balance>449520.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>5432783.88000000</valUSD>
        <pctVal>0.037752660738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hokuhoku Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>HOKUHOKU FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3842400008"/>
          <other otherDesc="Internal" value="6683591"/>
        </identifiers>
        <balance>407700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>15542718.45000000</valUSD>
        <pctVal>0.108007053025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOKYU REIT, Inc.</name>
        <lei>N/A</lei>
        <title>TOKYU REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3044510000"/>
          <other otherDesc="Internal" value="6687203"/>
        </identifiers>
        <balance>3021.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3726001.92000000</valUSD>
        <pctVal>0.025892155753</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>Alfresa Holdings Corporation</name>
        <lei>N/A</lei>
        <title>ALFRESA HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3126340003"/>
          <other otherDesc="Internal" value="6687214"/>
        </identifiers>
        <balance>642500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>9699617.73000000</valUSD>
        <pctVal>0.067403082019</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>COMSYS Holdings Corporation</name>
        <lei>N/A</lei>
        <title>COMSYS HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3305530002"/>
          <other otherDesc="Internal" value="6687247"/>
        </identifiers>
        <balance>446300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>16071943.04000000</valUSD>
        <pctVal>0.111684658621</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>Nabtesco Corporation</name>
        <lei>N/A</lei>
        <title>NABTESCO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3651210001"/>
          <other otherDesc="Internal" value="6687571"/>
        </identifiers>
        <balance>443300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>14661344.58000000</valUSD>
        <pctVal>0.101882346165</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>HAZAMA ANDO CORPORATION</name>
        <lei>N/A</lei>
        <title>HAZAMA ANDO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3767810009"/>
          <other otherDesc="Internal" value="6687991"/>
        </identifiers>
        <balance>571500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6928761.85000000</valUSD>
        <pctVal>0.048148279269</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>PIGEON CORPORATION</name>
        <lei>2549006T3HT0TI9IRV62</lei>
        <title>PIGEON CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3801600002"/>
          <other otherDesc="Internal" value="6688080"/>
        </identifiers>
        <balance>457400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4928835.23000000</valUSD>
        <pctVal>0.034250698791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOKYU CONSTRUCTION CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOKYU CONSTRUCTION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3567410000"/>
          <other otherDesc="Internal" value="6689351"/>
        </identifiers>
        <balance>332440.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3138133.51000000</valUSD>
        <pctVal>0.021807031601</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>Kakaku.com Inc</name>
        <lei>353800KA15Y0DCPWYY65</lei>
        <title>KAKAKU COM INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3206000006"/>
          <other otherDesc="Internal" value="6689533"/>
        </identifiers>
        <balance>511300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8560041.52000000</valUSD>
        <pctVal>0.059484115428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Global One Real Estate Investment Corporation</name>
        <lei>N/A</lei>
        <title>GLOBAL ONE REAL ESTATE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3044520009"/>
          <other otherDesc="Internal" value="6693608"/>
        </identifiers>
        <balance>4115.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3213741.71000000</valUSD>
        <pctVal>0.022332436400</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>PREMIER INVESTMENTS LIMITED</name>
        <lei>N/A</lei>
        <title>PREMIER INVESTMENTS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000PMV2"/>
          <other otherDesc="Internal" value="6699781"/>
        </identifiers>
        <balance>380128.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3414396.71000000</valUSD>
        <pctVal>0.023726797065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JB HI-FI LIMITED</name>
        <lei>N/A</lei>
        <title>JB HI FI LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000JBH7"/>
          <other otherDesc="Internal" value="6702623"/>
        </identifiers>
        <balance>431662.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>24106986.78000000</valUSD>
        <pctVal>0.167520540746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Prima Meat Packers, Ltd.</name>
        <lei>353800FLEUUL20RKCU14</lei>
        <title>PRIMA MEAT PACKERS LTD</title>
        <cusip>J64040132</cusip>
        <identifiers>
          <isin value="JP3833200003"/>
          <other otherDesc="Internal" value="6703400"/>
        </identifiers>
        <balance>91700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1463224.57000000</valUSD>
        <pctVal>0.010168013673</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>AMP LIMITED</name>
        <lei>5299000D93LTLU0UJR35</lei>
        <title>AMP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000AMP6"/>
          <other otherDesc="Internal" value="6709958"/>
        </identifiers>
        <balance>9430873.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>10012207.93000000</valUSD>
        <pctVal>0.069575285447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Petroleum Exploration Co., Ltd.</name>
        <lei>549300WXUNBZ356DMN17</lei>
        <title>JAPAN PETROLEUM EXPLORATION CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3421100003"/>
          <other otherDesc="Internal" value="6711696"/>
        </identifiers>
        <balance>588000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8411920.37000000</valUSD>
        <pctVal>0.058454814861</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>ARAFURA RARE EARTHS LTD</name>
        <lei>52990098Y7ZDAOS75K52</lei>
        <title>ARAFURA RARE EARTHS LTD</title>
        <cusip>Q0461Y117</cusip>
        <identifiers>
          <isin value="AU000000ARU5"/>
          <other otherDesc="Internal" value="6711726"/>
        </identifiers>
        <balance>15532933.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4093846.33000000</valUSD>
        <pctVal>0.028448323185</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2572821.28085500"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CODAN LIMITED</name>
        <lei>9845005866EB809B5694</lei>
        <title>CODAN LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CDA3"/>
          <other otherDesc="Internal" value="6712611"/>
        </identifiers>
        <balance>430767.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>13053936.37000000</valUSD>
        <pctVal>0.090712393860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAIKOKUTENBUSSAN CO., LTD.</name>
        <lei>N/A</lei>
        <title>DAIKOKUTENBUSSAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3483050005"/>
          <other otherDesc="Internal" value="6713186"/>
        </identifiers>
        <balance>25400.00000000</balance>
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        <valUSD>780928.51000000</valUSD>
        <pctVal>0.005426707513</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>
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      </invstOrSec>
      <invstOrSec>
        <name>SBS Holdings,Inc.</name>
        <lei>N/A</lei>
        <title>SBS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3163500006"/>
          <other otherDesc="Internal" value="6713227"/>
        </identifiers>
        <balance>68700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1830672.58000000</valUSD>
        <pctVal>0.012721426503</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>dip Corporation</name>
        <lei>N/A</lei>
        <title>DIP CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3548640006"/>
          <other otherDesc="Internal" value="6714071"/>
        </identifiers>
        <balance>136800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1589519.63000000</valUSD>
        <pctVal>0.011045643753</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>Kewpie Corporation</name>
        <lei>N/A</lei>
        <title>KEWPIE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3244800003"/>
          <other otherDesc="Internal" value="6714509"/>
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        <balance>389000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10321676.01000000</valUSD>
        <pctVal>0.071725793123</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>TOCALO Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>TOCALO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3552290003"/>
          <other otherDesc="Internal" value="6714974"/>
        </identifiers>
        <balance>216500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4319380.35000000</valUSD>
        <pctVal>0.030015569283</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>RAITO KOGYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>RAITO KOGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3965800000"/>
          <other otherDesc="Internal" value="6721004"/>
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        <balance>138400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3372616.28000000</valUSD>
        <pctVal>0.023436462968</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>ARCS COMPANY,LIMITED</name>
        <lei>N/A</lei>
        <title>ARCS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3968600001"/>
          <other otherDesc="Internal" value="6721930"/>
        </identifiers>
        <balance>144000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3127335.44000000</valUSD>
        <pctVal>0.021731995325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Urban Investment Corporation</name>
        <lei>353800GYZWBD7BDCN841</lei>
        <title>UNITED URBAN INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3045540006"/>
          <other otherDesc="Internal" value="6723839"/>
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        <balance>12223.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13788009.33000000</valUSD>
        <pctVal>0.095813500038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHALLENGER LIMITED</name>
        <lei>529900ACCCAOHJ2V3169</lei>
        <title>CHALLENGER LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CGF5"/>
          <other otherDesc="Internal" value="6726300"/>
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        <balance>2045812.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>12733485.14000000</valUSD>
        <pctVal>0.088485563779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REECE LIMITED</name>
        <lei>N/A</lei>
        <title>REECE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000REH4"/>
          <other otherDesc="Internal" value="6728801"/>
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        <balance>844677.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>8420864.35000000</valUSD>
        <pctVal>0.058516966983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RICOH LEASING COMPANY,LTD.</name>
        <lei>N/A</lei>
        <title>RICOH LEASING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3974100004"/>
          <other otherDesc="Internal" value="6729116"/>
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        <balance>59400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2307315.76000000</valUSD>
        <pctVal>0.016033641504</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>MORI TRUST REIT, Inc.</name>
        <lei>N/A</lei>
        <title>MORI TRUST REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046170001"/>
          <other otherDesc="Internal" value="6729558"/>
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        <balance>10304.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4997751.84000000</valUSD>
        <pctVal>0.034729603429</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>Rengo Co., Ltd.</name>
        <lei>N/A</lei>
        <title>RENGO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3981400009"/>
          <other otherDesc="Internal" value="6732200"/>
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        <balance>751000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5917232.51000000</valUSD>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOSEI CORPORATION</name>
        <lei>N/A</lei>
        <title>TOSEI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3595070008"/>
          <other otherDesc="Internal" value="6735823"/>
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        <balance>235800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>RICOH COMPANY,LTD.</name>
        <lei>549300HFIB2GRUMDID72</lei>
        <title>RICOH CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3973400009"/>
          <other otherDesc="Internal" value="6738220"/>
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        <balance>2131500.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANDFIRE RESOURCES LIMITED</name>
        <lei>N/A</lei>
        <title>SANDFIRE RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SFR8"/>
          <other otherDesc="Internal" value="6739739"/>
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        <balance>1827040.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RIKEN KEIKI CO.,LTD.</name>
        <lei>N/A</lei>
        <title>RIKEN KEIKI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3971000009"/>
          <other otherDesc="Internal" value="6739847"/>
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        <balance>119500.00000000</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>
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      <invstOrSec>
        <name>RIKEN VITAMIN CO.,LTD.</name>
        <lei>N/A</lei>
        <title>RIKEN VITAMIN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3972600005"/>
          <other otherDesc="Internal" value="6739944"/>
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        <balance>74600.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RINNAI CORPORATION</name>
        <lei>N/A</lei>
        <title>RINNAI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3977400005"/>
          <other otherDesc="Internal" value="6740582"/>
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        <balance>419900.00000000</balance>
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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>
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      <invstOrSec>
        <name>RISO KAGAKU CORPORATION</name>
        <lei>35380087UT2677G7XW46</lei>
        <title>RISO KAGAKU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3974400008"/>
          <other otherDesc="Internal" value="6740849"/>
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        <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>ISRAEL CANADA (T.R) LTD</name>
        <lei>N/A</lei>
        <title>ISRAEL CANADA T R LTD</title>
        <cusip>N/A</cusip>
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          <isin value="IL0004340191"/>
          <other otherDesc="Internal" value="6742629"/>
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        <balance>725440.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GS Yuasa Corporation</name>
        <lei>N/A</lei>
        <title>GS YUASA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3385820000"/>
          <other otherDesc="Internal" value="6744250"/>
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        <balance>318100.00000000</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>
      <invstOrSec>
        <name>ROHM COMPANY LIMITED</name>
        <lei>5493009V2FGDEP7JFE59</lei>
        <title>ROHM CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3982800009"/>
          <other otherDesc="Internal" value="6747204"/>
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        <balance>1355300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>29321837.72000000</valUSD>
        <pctVal>0.203758775635</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>ROHTO PHARMACEUTICAL CO.,LTD.</name>
        <lei>353800Q1CW5OS81OUM12</lei>
        <title>ROHTO PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3982400008"/>
          <other otherDesc="Internal" value="6747367"/>
        </identifiers>
        <balance>745700.00000000</balance>
        <units>NS</units>
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        <valUSD>10965491.73000000</valUSD>
        <pctVal>0.076199697661</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>Roland Corporation</name>
        <lei>N/A</lei>
        <title>ROLAND CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3983400007"/>
          <other otherDesc="Internal" value="6747516"/>
        </identifiers>
        <balance>60700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1583003.35000000</valUSD>
        <pctVal>0.011000361829</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>MATRIX I.T. LTD</name>
        <lei>N/A</lei>
        <title>MATRIX IT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0004450156"/>
          <other otherDesc="Internal" value="6747754"/>
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        <balance>199010.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>6110402.99000000</valUSD>
        <pctVal>0.042461466561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>YELLOW HAT LTD.</name>
        <lei>N/A</lei>
        <title>YELLOW HAT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3131350005"/>
          <other otherDesc="Internal" value="6753591"/>
        </identifiers>
        <balance>250600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2425463.60000000</valUSD>
        <pctVal>0.016854656185</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>ROYAL HOLDINGS Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ROYAL HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3983600002"/>
          <other otherDesc="Internal" value="6754583"/>
        </identifiers>
        <balance>253900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2223479.93000000</valUSD>
        <pctVal>0.015451062532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sotetsu Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>SOTETSU HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3316400005"/>
          <other otherDesc="Internal" value="6767202"/>
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        <balance>309700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5225464.21000000</valUSD>
        <pctVal>0.036311986981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENLIGHT RENEWABLE ENERGY LTD</name>
        <lei>984500HF6A99N758F734</lei>
        <title>ENLIGHT RENEWABLE ENERGY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0007200111"/>
          <other otherDesc="Internal" value="6767677"/>
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        <balance>521672.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>46426295.64000000</valUSD>
        <pctVal>0.322618426826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sakai Moving Service Co Ltd</name>
        <lei>N/A</lei>
        <title>SAKAI MOVING SERVICE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3314200001"/>
          <other otherDesc="Internal" value="6768432"/>
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        <balance>95300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1769901.43000000</valUSD>
        <pctVal>0.012299125034</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>Sakata Seed Corp</name>
        <lei>N/A</lei>
        <title>SAKATA SEED CORP</title>
        <cusip>J66704107</cusip>
        <identifiers>
          <isin value="JP3315000004"/>
          <other otherDesc="Internal" value="6769811"/>
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        <balance>106700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2797267.73000000</valUSD>
        <pctVal>0.019438339889</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>SAKATA INX CORPORATION</name>
        <lei>N/A</lei>
        <title>SAKATA INX CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3314800008"/>
          <other otherDesc="Internal" value="6769833"/>
        </identifiers>
        <balance>167400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2498617.59000000</valUSD>
        <pctVal>0.017363006568</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>SAN-AI OBBLI CO., LTD.</name>
        <lei>N/A</lei>
        <title>SAN AI OBBLI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3323600001"/>
          <other otherDesc="Internal" value="6772808"/>
        </identifiers>
        <balance>197900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2912049.06000000</valUSD>
        <pctVal>0.020235960539</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>The San-in Godo Bank,Ltd.</name>
        <lei>353800I3C5900CEME762</lei>
        <title>SAN IN GODO BANK LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3324000003"/>
          <other otherDesc="Internal" value="6772853"/>
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        <balance>556300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6686668.81000000</valUSD>
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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>Sangetsu Corporation</name>
        <lei>N/A</lei>
        <title>SANGETSU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3330000005"/>
          <other otherDesc="Internal" value="6774655"/>
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        <balance>189700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>Sanken Electric Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SANKEN ELECTRIC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3329600005"/>
          <other otherDesc="Internal" value="6774785"/>
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        <balance>75800.00000000</balance>
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        <valUSD>4567973.20000000</valUSD>
        <pctVal>0.031743052234</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>
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      <invstOrSec>
        <name>Sanki Engineering Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SANKI ENGINEERING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3325600009"/>
          <other otherDesc="Internal" value="6774826"/>
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        <balance>411600.00000000</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>
      <invstOrSec>
        <name>RAIZNEXT Corporation</name>
        <lei>N/A</lei>
        <title>RAIZNEXT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3331600001"/>
          <other otherDesc="Internal" value="6774989"/>
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        <balance>87900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1268083.89000000</valUSD>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANKYU INC.</name>
        <lei>N/A</lei>
        <title>SANKYU INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3326000001"/>
          <other otherDesc="Internal" value="6775380"/>
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        <balance>174800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANKYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>SANKYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3326410002"/>
          <other otherDesc="Internal" value="6775432"/>
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        <balance>720200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SANTEN PHARMACEUTICAL CO., LTD.</name>
        <lei>529900TPT3I7C17MIM03</lei>
        <title>SANTEN PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3336000009"/>
          <other otherDesc="Internal" value="6776606"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sanwa Holdings Corporation</name>
        <lei>N/A</lei>
        <title>SANWA HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3344400001"/>
          <other otherDesc="Internal" value="6776781"/>
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        <balance>741700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANYO CHEMICAL INDUSTRIES, LTD.</name>
        <lei>529900STCFY6RXOR2I79</lei>
        <title>SANYO CHEMICAL INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3337600005"/>
          <other otherDesc="Internal" value="6776800"/>
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        <balance>43400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1383041.34000000</valUSD>
        <pctVal>0.009610816783</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>SAPPORO HOLDINGS LIMITED</name>
        <lei>353800ITDYV3AD2X5M34</lei>
        <title>SAPPORO HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3320800000"/>
          <other otherDesc="Internal" value="6776907"/>
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        <balance>1246300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13981396.61000000</valUSD>
        <pctVal>0.097157356988</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>
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      </invstOrSec>
      <invstOrSec>
        <name>SANYO DENKI CO., LTD.</name>
        <lei>N/A</lei>
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          <isin value="JP3340800006"/>
          <other otherDesc="Internal" value="6776974"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MEDIPAL HOLDINGS CORPORATION</name>
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        <title>MEDIPAL HOLDINGS CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3268950007"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEINO HOLDINGS CO., LTD.</name>
        <lei>3538001D12EPCPYTTF24</lei>
        <title>SEINO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3415400005"/>
          <other otherDesc="Internal" value="6793423"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEIREN CO.,LTD.</name>
        <lei>353800O8K6NWOIT8Q636</lei>
        <title>SEIREN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3413800008"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SENKO Group Holdings Co.,Ltd.</name>
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        <title>SENKO GROUP HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3423800006"/>
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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>SENSHU ELECTRIC CO.,LTD.</name>
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        <cusip>N/A</cusip>
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          <isin value="JP3424400004"/>
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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>Sharp Corporation</name>
        <lei>353800YEPK9PD7QO3449</lei>
        <title>SHARP CORP JAPAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3359600008"/>
          <other otherDesc="Internal" value="6800602"/>
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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>SHINNIHON CORPORATION</name>
        <lei>N/A</lei>
        <title>SHINNIHON CORP</title>
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          <isin value="JP3380300008"/>
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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>SHIMAMURA CO., Ltd.</name>
        <lei>N/A</lei>
        <title>SHIMAMURA CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3358200008"/>
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        <balance>526200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>The 77 Bank, Ltd.</name>
        <lei>549300U6CT3EHB9XS980</lei>
        <title>77 BANK LTD THE</title>
        <cusip>N/A</cusip>
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          <isin value="JP3352000008"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHIBAURA MECHATRONICS CORPORATION</name>
        <lei>529900K56IZ9LT5WLM42</lei>
        <title>SHIBAURA MECHATRONICS CORP</title>
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          <isin value="JP3355000005"/>
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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>SHIBUYA CORPORATION</name>
        <lei>N/A</lei>
        <title>SHIBUYA CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3356000004"/>
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        <balance>55500.00000000</balance>
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        <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>THE SHIGA BANK, LTD.</name>
        <lei>3538002NUIQ8JFEJNS94</lei>
        <title>SHIGA BANK LTD THE</title>
        <cusip>N/A</cusip>
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          <isin value="JP3347600003"/>
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        <balance>671400.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHIKOKU KASEI HOLDINGS CORPORATION</name>
        <lei>N/A</lei>
        <title>SHIKOKU KASEI HOLDINGS CORP</title>
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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>Shikoku Electric Power Company, Incorporated</name>
        <lei>353800KWK6U7ZCIWXS64</lei>
        <title>SHIKOKU ELECTRIC POWER CO INC</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHINAGAWA REFRA CO., LTD.</name>
        <lei>N/A</lei>
        <title>SHINAGAWA REFRA CO LTD</title>
        <cusip>N/A</cusip>
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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>ShinMaywa Industries, Ltd.</name>
        <lei>N/A</lei>
        <title>SHINMAYWA INDUSTRIES LTD</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SINFONIA TECHNOLOGY CO., LTD.</name>
        <lei>N/A</lei>
        <title>SINFONIA TECHNOLOGY CO LTD</title>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>NS UNITED KAIUN KAISHA, LTD.</name>
        <lei>353800MK2Y7X2PZGXN23</lei>
        <title>NS UNITED KAIUN KAISHA LTD</title>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>SINKO INDUSTRIES LTD.</name>
        <lei>353800RTTZK18JRDHM31</lei>
        <title>SINKO INDUSTRIES LTD</title>
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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>Shochiku Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHOCHIKU CO LTD</title>
        <cusip>N/A</cusip>
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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>Resonac Holdings Corporation</name>
        <lei>5493006AIPA1V92YPP18</lei>
        <title>RESONAC HOLDINGS CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3368000000"/>
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        <balance>691600.00000000</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>SWCC Corporation</name>
        <lei>353800A7RNYOC4KL4T49</lei>
        <title>SWCC CORP</title>
        <cusip>J7863E100</cusip>
        <identifiers>
          <isin value="JP3368400002"/>
          <other otherDesc="Internal" value="6805481"/>
        </identifiers>
        <balance>109700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11228532.53000000</valUSD>
        <pctVal>0.078027580069</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>Showa Sangyo Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHOWA SANGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3366400004"/>
          <other otherDesc="Internal" value="6805607"/>
        </identifiers>
        <balance>77300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1515478.39000000</valUSD>
        <pctVal>0.010531127830</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shin-Etsu Polymer Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>SHIN ETSU POLYMER CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3371600002"/>
          <other otherDesc="Internal" value="6805704"/>
        </identifiers>
        <balance>155100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2111096.62000000</valUSD>
        <pctVal>0.014670105831</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>Shin Nippon Air Technologies Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SHIN NIPPON AIR TECHNOLOGIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3380250005"/>
          <other otherDesc="Internal" value="6805920"/>
        </identifiers>
        <balance>76300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1746247.66000000</valUSD>
        <pctVal>0.012134753918</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>SUNDRUG CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SUNDRUG CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3336600006"/>
          <other otherDesc="Internal" value="6817895"/>
        </identifiers>
        <balance>284400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6854084.51000000</valUSD>
        <pctVal>0.047629343058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>S Foods Inc.</name>
        <lei>N/A</lei>
        <title>S FOODS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3399300007"/>
          <other otherDesc="Internal" value="6838584"/>
        </identifiers>
        <balance>70900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1284814.74000000</valUSD>
        <pctVal>0.008928235700</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>Stanley Electric Co., Ltd.</name>
        <lei>N/A</lei>
        <title>STANLEY ELECTRIC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3399400005"/>
          <other otherDesc="Internal" value="6841106"/>
        </identifiers>
        <balance>388000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7572546.03000000</valUSD>
        <pctVal>0.052621964634</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>STARTS CORPORATION INC.</name>
        <lei>N/A</lei>
        <title>STARTS CORP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3399200009"/>
          <other otherDesc="Internal" value="6841913"/>
        </identifiers>
        <balance>124100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3788880.16000000</valUSD>
        <pctVal>0.026329099485</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>SMARTONE TELECOMMUNICATIONS HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>SMARTONE TELECOMMUNICATIONS HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG8219Z1059"/>
          <other otherDesc="Internal" value="6856995"/>
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        <balance>1278000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>819094.80000000</valUSD>
        <pctVal>0.005691926787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Bakelite Company Limited</name>
        <lei>N/A</lei>
        <title>SUMITOMO BAKELITE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3409400003"/>
          <other otherDesc="Internal" value="6858504"/>
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        <balance>297000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10460618.68000000</valUSD>
        <pctVal>0.072691312017</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>Sumitomo Osaka Cement Co.,Ltd.</name>
        <lei>5299001WJ26J6HQN5D67</lei>
        <title>SUMITOMO OSAKA CEMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3400900001"/>
          <other otherDesc="Internal" value="6858548"/>
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        <balance>122100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3040707.15000000</valUSD>
        <pctVal>0.021130011422</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>SUMITOMO CHEMICAL COMPANY, LIMITED</name>
        <lei>353800RSAU9BD8U4DM91</lei>
        <title>SUMITOMO CHEMICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3401400001"/>
          <other otherDesc="Internal" value="6858560"/>
        </identifiers>
        <balance>5900200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>19252847.15000000</valUSD>
        <pctVal>0.133788905055</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>Sumitomo Heavy Industries, Ltd.</name>
        <lei>353800VSTEIRMBC3S374</lei>
        <title>SUMITOMO HEAVY INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3405400007"/>
          <other otherDesc="Internal" value="6858731"/>
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        <balance>435200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>14724385.70000000</valUSD>
        <pctVal>0.102320421757</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>Sumitomo Forestry Co., Ltd.</name>
        <lei>549300FIIRGO6D5FWR19</lei>
        <title>SUMITOMO FORESTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3409800004"/>
          <other otherDesc="Internal" value="6858861"/>
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        <balance>1831900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>16555121.77000000</valUSD>
        <pctVal>0.115042289455</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>Sumitomo Rubber Industries, Ltd.</name>
        <lei>353800JD4V72SJ3EOX37</lei>
        <title>SUMITOMO RUBBER INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3404200002"/>
          <other otherDesc="Internal" value="6858991"/>
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        <balance>728500.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>The Sumitomo Warehouse Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SUMITOMO WAREHOUSE CO LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3407000003"/>
          <other otherDesc="Internal" value="6859080"/>
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        <balance>199200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>SHUFERSAL LTD</name>
        <lei>N/A</lei>
        <title>SHUFERSAL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0007770378"/>
          <other otherDesc="Internal" value="6860543"/>
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        <balance>783986.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
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        <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>Suruga Bank Ltd.</name>
        <lei>3538003A9JIMKE5G3M02</lei>
        <title>SURUGA BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3411000007"/>
          <other otherDesc="Internal" value="6864329"/>
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        <balance>464500.00000000</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>SUZUKEN CO.,LTD.</name>
        <lei>529900LRLSX7F1Q8TN71</lei>
        <title>SUZUKEN CO LTD AICHI JAPAN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3398000004"/>
          <other otherDesc="Internal" value="6865560"/>
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        <balance>228600.00000000</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>
      <invstOrSec>
        <name>THK CO.,LTD.</name>
        <lei>N/A</lei>
        <title>THK CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3539250005"/>
          <other otherDesc="Internal" value="6869131"/>
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        <balance>424300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>TADANO LTD.</name>
        <lei>N/A</lei>
        <title>TADANO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3465000002"/>
          <other otherDesc="Internal" value="6869722"/>
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        <balance>335700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2942984.18000000</valUSD>
        <pctVal>0.020450930086</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>TAIHEI DENGYO KAISHA,LTD.</name>
        <lei>N/A</lei>
        <title>TAIHEI DENGYO KAISHA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3447200001"/>
          <other otherDesc="Internal" value="6869948"/>
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        <balance>167100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3059903.25000000</valUSD>
        <pctVal>0.021263405988</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>Taikisha Ltd.</name>
        <lei>N/A</lei>
        <title>TAIKISHA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3441200007"/>
          <other otherDesc="Internal" value="6869959"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TAKASAGO INTERNATIONAL CORPORATION</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3454400007"/>
          <other otherDesc="Internal" value="6870360"/>
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        <balance>237300.00000000</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>
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      </invstOrSec>
      <invstOrSec>
        <name>TAKARA HOLDINGS INC.</name>
        <lei>3538001CXSU150WNEY98</lei>
        <title>TAKARA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3459600007"/>
          <other otherDesc="Internal" value="6870382"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Takashimaya Company, Limited</name>
        <lei>353800IFO566STDN4V78</lei>
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        <cusip>N/A</cusip>
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          <isin value="JP3456000003"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Takasago Thermal Engineering Co., Ltd.</name>
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        <title>TAKASAGO THERMAL ENGINEERING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3455200000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TAIYO YUDEN CO., LTD.</name>
        <lei>353800V9G3X5PLB9AD43</lei>
        <title>TAIYO YUDEN CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3452000007"/>
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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>TAKUMA CO., LTD.</name>
        <lei>N/A</lei>
        <title>TAKUMA CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3462600002"/>
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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>Daio Paper Corporation</name>
        <lei>353800VL9DQ781ZR1G70</lei>
        <title>DAIO PAPER CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3440400004"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TAKARA STANDARD CO.,LTD.</name>
        <lei>N/A</lei>
        <title>TAKARA STANDARD CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3460000007"/>
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        <balance>145400.00000000</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>
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      <invstOrSec>
        <name>Tamron Co Ltd</name>
        <lei>N/A</lei>
        <title>TAMRON CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3471800007"/>
          <other otherDesc="Internal" value="6871028"/>
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        <balance>549400.00000000</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>
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      <invstOrSec>
        <name>TAIYO HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>TAIYO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3449100001"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TABCORP HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>TABCORP HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000TAH8"/>
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        <balance>8992111.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOWA CORPORATION</name>
        <lei>353800HAMO7IT6KBJX75</lei>
        <title>TOWA CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3555700008"/>
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        <balance>236900.00000000</balance>
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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>TECHNO RYOWA LTD.</name>
        <lei>353800Q6QFKID7X02834</lei>
        <title>TECHNO RYOWA LTD</title>
        <cusip>J8225T108</cusip>
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          <isin value="JP3545040002"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TEIJIN LIMITED</name>
        <lei>3538000RF6UCIMPKCO54</lei>
        <title>TEIJIN LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3544000007"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPARK NEW ZEALAND LIMITED</name>
        <lei>N/A</lei>
        <title>SPARK NEW ZEALAND LTD</title>
        <cusip>N/A</cusip>
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          <isin value="NZTELE0001S4"/>
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        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DEEP SOURCE HOLDINGS LIMITED</name>
        <lei>254900DDY9OP9TPSE246</lei>
        <title>DEEP SOURCE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
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          <isin value="BMG8800F1876"/>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ISRAEL CORPORATION LTD.</name>
        <lei>213800VASRTF37M7LO42</lei>
        <title>ISRAEL CORP LTD</title>
        <cusip>N/A</cusip>
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        <invCountry>IL</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TKC Corporation</name>
        <lei>N/A</lei>
        <title>TKC CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3539400006"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>The Toho Bank, Ltd.</name>
        <lei>35380078ABDFHIKLTV03</lei>
        <title>TOHO BANK LTD THE</title>
        <cusip>N/A</cusip>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TODA CORPORATION</name>
        <lei>N/A</lei>
        <title>TODA CORP</title>
        <cusip>N/A</cusip>
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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>TOKAI CARBON CO.,LTD.</name>
        <lei>N/A</lei>
        <title>TOKAI CARBON CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3560800009"/>
          <other otherDesc="Internal" value="6894003"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TOKAI RIKA CO.,LTD.</name>
        <lei>N/A</lei>
        <title>TOKAI RIKA CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3566600007"/>
          <other otherDesc="Internal" value="6894025"/>
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        <balance>204600.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TBS HOLDINGS,INC.</name>
        <lei>N/A</lei>
        <title>TBS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3588600001"/>
          <other otherDesc="Internal" value="6894166"/>
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        <balance>133500.00000000</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>
      <invstOrSec>
        <name>TOKYO SEIMITSU CO.,LTD.</name>
        <lei>N/A</lei>
        <title>TOKYO SEIMITSU CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3580200008"/>
          <other otherDesc="Internal" value="6894304"/>
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        <balance>158600.00000000</balance>
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        <valUSD>17524608.43000000</valUSD>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOAGOSEI CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOAGOSEI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3556400004"/>
          <other otherDesc="Internal" value="6894467"/>
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        <balance>331000.00000000</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>TOA CORPORATION</name>
        <lei>353800AT816JCLZ5WD63</lei>
        <title>TOA CORP TOKYO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3556000002"/>
          <other otherDesc="Internal" value="6894508"/>
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        <balance>225100.00000000</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>
      <invstOrSec>
        <name>Yurtec Corp</name>
        <lei>N/A</lei>
        <title>YURTEC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3946200007"/>
          <other otherDesc="Internal" value="6894672"/>
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        <balance>138100.00000000</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>
      <invstOrSec>
        <name>Tokai Tokyo Financial Holdings, Inc.</name>
        <lei>3538009U6UOURH99YH12</lei>
        <title>TOKAI TOKYO FINANCIAL HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3577600004"/>
          <other otherDesc="Internal" value="6894876"/>
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        <balance>857100.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOSHIBA TEC CORPORATION</name>
        <lei>N/A</lei>
        <title>TOSHIBA TEC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3594000006"/>
          <other otherDesc="Internal" value="6894887"/>
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        <balance>122600.00000000</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>
      <invstOrSec>
        <name>TOKYO OHKA KOGYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOKYO OHKA KOGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3571800006"/>
          <other otherDesc="Internal" value="6894898"/>
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        <balance>378300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>Topre Corporation</name>
        <lei>N/A</lei>
        <title>TOPRE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3598200008"/>
          <other otherDesc="Internal" value="6894928"/>
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        <balance>145100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>TOBU RAILWAY CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOBU RAILWAY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3597800006"/>
          <other otherDesc="Internal" value="6895169"/>
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        <balance>702000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>TOEI COMPANY, LTD.</name>
        <lei>N/A</lei>
        <title>TOEI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3560000006"/>
          <other otherDesc="Internal" value="6895181"/>
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        <balance>115000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>TOHO GAS CO., LTD.</name>
        <lei>353800BCVTE4F8012906</lei>
        <title>TOHO GAS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3600200004"/>
          <other otherDesc="Internal" value="6895222"/>
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        <balance>1013900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tohoku Electric Power Company, Incorporated</name>
        <lei>353800KTF7EYIIYHY088</lei>
        <title>TOHOKU ELECTRIC POWER CO INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3605400005"/>
          <other otherDesc="Internal" value="6895266"/>
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        <balance>1892000.00000000</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>Tokyo Electric Power Company Holdings, Incorporated</name>
        <lei>N/A</lei>
        <title>TOKYO ELECTRIC POWER CO HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3585800000"/>
          <other otherDesc="Internal" value="6895404"/>
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        <balance>6038600.00000000</balance>
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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>
      <invstOrSec>
        <name>Tokyo Tatemono Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TOKYO TATEMONO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3582600007"/>
          <other otherDesc="Internal" value="6895426"/>
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        <balance>734700.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOHO HOLDINGS CO.,LTD.</name>
        <lei>353800Z8BQ3ZHELA4J90</lei>
        <title>TOHO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3602600003"/>
          <other otherDesc="Internal" value="6895556"/>
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        <balance>215600.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TOENEC CORPORATION</name>
        <lei>N/A</lei>
        <title>TOENEC CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3552230009"/>
          <other otherDesc="Internal" value="6895620"/>
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        <balance>173900.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tokuyama Corporation</name>
        <lei>N/A</lei>
        <title>TOKUYAMA CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3625000009"/>
          <other otherDesc="Internal" value="6895761"/>
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        <balance>255300.00000000</balance>
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        <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>TOKYO STEEL MANUFACTURING CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOKYO STEEL MANUFACTURING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3579800008"/>
          <other otherDesc="Internal" value="6895879"/>
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        <balance>222300.00000000</balance>
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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>
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      <invstOrSec>
        <name>TOKYOTOKEIBA CO.,LTD.</name>
        <lei>N/A</lei>
        <title>TOKYOTOKEIBA CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3586600003"/>
          <other otherDesc="Internal" value="6896065"/>
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        <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>SHIBAURA MACHINE CO., LTD.</name>
        <lei>N/A</lei>
        <title>SHIBAURA MACHINE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3592600005"/>
          <other otherDesc="Internal" value="6897262"/>
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        <balance>89800.00000000</balance>
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        <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>TOTETSU KOGYO CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOTETSU KOGYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3595400007"/>
          <other otherDesc="Internal" value="6897444"/>
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        <balance>87200.00000000</balance>
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        <valUSD>3077499.33000000</valUSD>
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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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOTO LTD.</name>
        <lei>N/A</lei>
        <title>TOTO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3596200000"/>
          <other otherDesc="Internal" value="6897466"/>
        </identifiers>
        <balance>524200.00000000</balance>
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        <valUSD>18414223.11000000</valUSD>
        <pctVal>0.127961268696</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>Token Corp</name>
        <lei>N/A</lei>
        <title>TOKEN CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3590900001"/>
          <other otherDesc="Internal" value="6898447"/>
        </identifiers>
        <balance>18000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1460331.31000000</valUSD>
        <pctVal>0.010147908278</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T.HASEGAWA CO.,LTD.</name>
        <lei>N/A</lei>
        <title>T HASEGAWA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3768500005"/>
          <other otherDesc="Internal" value="6899268"/>
        </identifiers>
        <balance>117800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2172655.32000000</valUSD>
        <pctVal>0.015097880020</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>TOWA PHARMACEUTICAL CO., LTD.</name>
        <lei>35380036BH1C3PNO2426</lei>
        <title>TOWA PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3623150004"/>
          <other otherDesc="Internal" value="6899581"/>
        </identifiers>
        <balance>102400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2590169.59000000</valUSD>
        <pctVal>0.017999205554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TOYO ENGINEERING CORPORATION</name>
        <lei>353800SPB3B3BM0FO630</lei>
        <title>TOYO ENGINEERING CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3607800004"/>
          <other otherDesc="Internal" value="6899718"/>
        </identifiers>
        <balance>113200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1654856.47000000</valUSD>
        <pctVal>0.011499672407</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>TOYO SUISAN KAISHA, LTD.</name>
        <lei>N/A</lei>
        <title>TOYO SUISAN KAISHA LTD</title>
        <cusip>892306101</cusip>
        <identifiers>
          <isin value="JP3613000003"/>
          <other otherDesc="Internal" value="6899967"/>
        </identifiers>
        <balance>349900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>24115620.71000000</valUSD>
        <pctVal>0.167580538316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOTECH CORPORATION</name>
        <lei>N/A</lei>
        <title>TOTECH CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3595300009"/>
          <other otherDesc="Internal" value="6900096"/>
        </identifiers>
        <balance>96600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2359366.22000000</valUSD>
        <pctVal>0.016395342503</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>artience Co., Ltd.</name>
        <lei>N/A</lei>
        <title>ARTIENCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3606600009"/>
          <other otherDesc="Internal" value="6900104"/>
        </identifiers>
        <balance>140600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3506972.50000000</valUSD>
        <pctVal>0.024370110414</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>Toyo Tire Corporation</name>
        <lei>N/A</lei>
        <title>TOYO TIRE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3610600003"/>
          <other otherDesc="Internal" value="6900182"/>
        </identifiers>
        <balance>488000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11964833.60000000</valUSD>
        <pctVal>0.083144169485</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>LIXIL Corporation</name>
        <lei>353800KB8G4F9WUJJ886</lei>
        <title>LIXIL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3626800001"/>
          <other otherDesc="Internal" value="6900212"/>
        </identifiers>
        <balance>1077300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11124182.75000000</valUSD>
        <pctVal>0.077302448732</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>Toyo Seikan Group Holdings, Ltd.</name>
        <lei>N/A</lei>
        <title>TOYO SEIKAN GROUP HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3613400005"/>
          <other otherDesc="Internal" value="6900267"/>
        </identifiers>
        <balance>390900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8107527.41000000</valUSD>
        <pctVal>0.056339574424</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>TOSOH CORPORATION</name>
        <lei>N/A</lei>
        <title>TOSOH CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3595200001"/>
          <other otherDesc="Internal" value="6900289"/>
        </identifiers>
        <balance>1092300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>16832056.96000000</valUSD>
        <pctVal>0.116966724607</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>Mazda Motor Corporation</name>
        <lei>52990044YZJLICDQKK92</lei>
        <title>MAZDA MOTOR CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3868400007"/>
          <other otherDesc="Internal" value="6900308"/>
        </identifiers>
        <balance>2371300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>15263870.70000000</valUSD>
        <pctVal>0.106069327406</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>TOYOBO CO., LTD.</name>
        <lei>N/A</lei>
        <title>TOYOBO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3619800000"/>
          <other otherDesc="Internal" value="6900502"/>
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        <balance>308700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2820882.23000000</valUSD>
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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>TOYODA GOSEI CO., LTD.</name>
        <lei>353800ZV4HXVM4DWPO50</lei>
        <title>TOYODA GOSEI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3634200004"/>
          <other otherDesc="Internal" value="6900557"/>
        </identifiers>
        <balance>377600.00000000</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>
      <invstOrSec>
        <name>TOYOTA BOSHOKU CORPORATION</name>
        <lei>N/A</lei>
        <title>TOYOTA BOSHOKU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3635400009"/>
          <other otherDesc="Internal" value="6900591"/>
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        <balance>321900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4554435.60000000</valUSD>
        <pctVal>0.031648978840</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>transcosmos inc.</name>
        <lei>353800AAR1GYRFDRTV97</lei>
        <title>TRANSCOSMOS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3635700002"/>
          <other otherDesc="Internal" value="6900955"/>
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        <balance>85300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>TSUBAKIMOTO CHAIN CO.</name>
        <lei>N/A</lei>
        <title>TSUBAKIMOTO CHAIN CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3535400000"/>
          <other otherDesc="Internal" value="6906704"/>
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        <balance>291300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>TSUGAMI CORPORATION</name>
        <lei>N/A</lei>
        <title>TSUGAMI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3531800005"/>
          <other otherDesc="Internal" value="6906760"/>
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        <balance>154800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>TSUMURA &amp; CO.</name>
        <lei>3538005RS3M1OVJLC663</lei>
        <title>TSUMURA CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3535800001"/>
          <other otherDesc="Internal" value="6906919"/>
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        <balance>229800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5359829.01000000</valUSD>
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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>TSURUMI MANUFACTURING CO.,LTD.</name>
        <lei>35380026XBX2I2OGQE92</lei>
        <title>TSURUMI MANUFACTURING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3536200003"/>
          <other otherDesc="Internal" value="6906931"/>
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        <balance>120200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1674486.70000000</valUSD>
        <pctVal>0.011636083763</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>UBE Corporation</name>
        <lei>N/A</lei>
        <title>UBE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3158800007"/>
          <other otherDesc="Internal" value="6910705"/>
        </identifiers>
        <balance>374300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5673450.89000000</valUSD>
        <pctVal>0.039425066669</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>Union Tool Co</name>
        <lei>N/A</lei>
        <title>UNION TOOL CO</title>
        <cusip>N/A</cusip>
        <identifiers>
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          <other otherDesc="Internal" value="6914053"/>
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        <fairValLevel>2</fairValLevel>
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        <name>UOL GROUP LIMITED</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>USHIO INC.</name>
        <lei>N/A</lei>
        <title>USHIO INC</title>
        <cusip>N/A</cusip>
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          <isin value="JP3156400008"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VALOR HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>VALOR HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3778400006"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VENTURE CORPORATION LIMITED</name>
        <lei>254900B1NLZC3J1MAE72</lei>
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          <isin value="SG0531000230"/>
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        <payoffProfile>Long</payoffProfile>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vitasoy International Holdings Ltd</name>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0345001611"/>
          <other otherDesc="Internal" value="6927590"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VTECH HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>VTECH HOLDINGS LTD</title>
        <cusip>N/A</cusip>
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          <isin value="BMG9400S1329"/>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WACOAL HOLDINGS CORP.</name>
        <lei>3538002U6NJ8QTW6VR34</lei>
        <title>WACOAL HOLDINGS CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3992400006"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wakita &amp; Co.,LTD.</name>
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        <title>WAKITA CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3992000004"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ILUKA RESOURCES LIMITED</name>
        <lei>2549009N2Y1F4YNB0955</lei>
        <title>ILUKA RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ILU1"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YAMADA HOLDINGS CO., LTD.</name>
        <lei>353800MDZ4K1DQKLO464</lei>
        <title>YAMADA HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3939000000"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>YAKULT HONSHA CO.,LTD.</name>
        <lei>353800YJPSPGG7KI0S71</lei>
        <title>YAKULT HONSHA CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3931600005"/>
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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>The Yamanashi Chuo Bank,Ltd.</name>
        <lei>353800DUD9B4IAIADJ68</lei>
        <title>YAMANASHI CHUO BANK LTD THE</title>
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          <isin value="JP3942000005"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>YAMATO KOGYO CO.,LTD.</name>
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        <title>YAMATO KOGYO CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3940400009"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>YAMAZAKI BAKING CO., LTD.</name>
        <lei>N/A</lei>
        <title>YAMAZAKI BAKING CO LTD</title>
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          <isin value="JP3935600001"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Azbil Corporation</name>
        <lei>N/A</lei>
        <title>AZBIL CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3937200008"/>
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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>YAMATO HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>YAMATO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3940000007"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>YAMAZEN CORPORATION</name>
        <lei>353800VADDW91MPELT42</lei>
        <title>YAMAZEN CORP</title>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>YASKAWA Electric Corporation</name>
        <lei>3538003K39GR98R0CK58</lei>
        <title>YASKAWA ELECTRIC CORP</title>
        <cusip>N/A</cusip>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>YODOKO, Ltd.</name>
        <lei>N/A</lei>
        <title>YODOKO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3959400007"/>
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        <invCountry>JP</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Yokogawa Bridge Holdings Corp.</name>
        <lei>N/A</lei>
        <title>YOKOGAWA BRIDGE HOLDINGS CORP</title>
        <cusip>N/A</cusip>
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          <isin value="JP3955200005"/>
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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>The Yokohama Rubber Company, Limited</name>
        <lei>N/A</lei>
        <title>YOKOHAMA RUBBER CO LTD THE</title>
        <cusip>N/A</cusip>
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          <isin value="JP3955800002"/>
          <other otherDesc="Internal" value="6986461"/>
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        <balance>492400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ONE SOFTWARE TECHNOLOGIES LTD</name>
        <lei>N/A</lei>
        <title>ONE SOFTWARE TECHNOLOGIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0001610182"/>
          <other otherDesc="Internal" value="6987709"/>
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        <balance>178070.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
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        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>YUASA CO., LTD.</name>
        <lei>N/A</lei>
        <title>YUASA CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3945200008"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Zojirushi Corporation</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="JP3437400009"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ZUKEN INC.</name>
        <lei>N/A</lei>
        <title>ZUKEN INC</title>
        <cusip>N/A</cusip>
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          <isin value="JP3412000006"/>
          <other otherDesc="Internal" value="6989976"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YONEX CO., LTD.</name>
        <lei>353800AI38G8HRG7UJ91</lei>
        <title>YONEX CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3960000002"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THE NAVIGATOR COMPANY, S.A.</name>
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        <title>NAVIGATOR CO SA THE</title>
        <cusip>N/A</cusip>
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          <isin value="PTPTI0AM0006"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mota-Engil, SGPS, SA</name>
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        <title>MOTA ENGIL SGPS SA</title>
        <cusip>N/A</cusip>
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          <isin value="PTMEN0AE0005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EURAZEO SE</name>
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        <cusip>N/A</cusip>
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          <isin value="FR0000121121"/>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NKT A/S</name>
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        <cusip>N/A</cusip>
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          <isin value="DK0010287663"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fraport AG Frankfurt Airport Services Worldwide</name>
        <lei>5299001ERX0K10IZUL40</lei>
        <title>FRAPORT AG FRANKFURT AIRPORT SERVICES WORLDWIDE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005773303"/>
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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>
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      <invstOrSec>
        <name>Adecco Group AG</name>
        <lei>NI14Y5UMU60O7JE9P611</lei>
        <title>ADECCO GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0012138605"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tecan Group AG</name>
        <lei>529900CSN9R3BLETSL26</lei>
        <title>TECAN GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0012100191"/>
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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>Clariant AG</name>
        <lei>529900VSEKBY7TMPP349</lei>
        <title>CLARIANT AG</title>
        <cusip>N/A</cusip>
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          <isin value="CH0012142631"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vontobel Holding AG</name>
        <lei>529900G69W5VR3DDPW23</lei>
        <title>VONTOBEL HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NEXANS SA</name>
        <lei>96950015FU78G84UIV14</lei>
        <title>NEXANS SA</title>
        <cusip>N/A</cusip>
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          <isin value="FR0000044448"/>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Huber+Suhner AG</name>
        <lei>5067007PRZ9OSX7A6787</lei>
        <title>HUBER SUHNER AG</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>CREDITO EMILIANO S.P.A.</name>
        <lei>8156004B244AA70DE787</lei>
        <title>CREDITO EMILIANO SPA</title>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>JCDECAUX SE</name>
        <lei>9695009KV7AFPDEI5S30</lei>
        <title>JCDECAUX SE</title>
        <cusip>N/A</cusip>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>TEMENOS LTD</name>
        <lei>5067007NW6550481FH64</lei>
        <title>TEMENOS AG</title>
        <cusip>N/A</cusip>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>GL EVENTS SA</name>
        <lei>9695002PXZMQNBPY2P44</lei>
        <title>GL EVENTS SACA</title>
        <cusip>N/A</cusip>
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        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>DE ' LONGHI S.P.A.</name>
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        <title>DE LONGHI SPA</title>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Revenio Group Oyj</name>
        <lei>743700I27E0FWSXLKK04</lei>
        <title>REVENIO GROUP OYJ</title>
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        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Billerud Aktiebolag (publ)</name>
        <lei>549300YJUYJ9A24RXL71</lei>
        <title>BILLERUD AKTIEBOLAG</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>BANCA IFIS S.P.A.</name>
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        <cusip>N/A</cusip>
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          <isin value="IT0003188064"/>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>BENETEAU SA</name>
        <lei>969500FHXW3AEY6Z0B25</lei>
        <title>BENETEAU SACA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000035164"/>
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        <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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      </invstOrSec>
      <invstOrSec>
        <name>POLESTAR AUTOMOTIVE HOLDING UK PLC</name>
        <lei>N/A</lei>
        <title>POLESTAR AUTOMOTIVE HOLDING UK PLC</title>
        <cusip>731105409</cusip>
        <identifiers>
          <isin value="US7311054099"/>
          <other otherDesc="Internal" value="731105409"/>
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        <balance>178485.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Melexis NV</name>
        <lei>549300QRPSGOJRPUFO80</lei>
        <title>MELEXIS NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0165385973"/>
          <other otherDesc="Internal" value="7370063"/>
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        <balance>79754.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Intrum AB</name>
        <lei>549300UNCO2FCUWXX470</lei>
        <title>INTRUM AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000936478"/>
          <other otherDesc="Internal" value="7371431"/>
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        <balance>361716.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Enagas S.A.</name>
        <lei>213800OU3FQKGM4M2U23</lei>
        <title>ENAGAS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0130960018"/>
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        <balance>884357.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WENDEL SE</name>
        <lei>969500M98ZMIZYJD5O34</lei>
        <title>WENDEL SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000121204"/>
          <other otherDesc="Internal" value="7390113"/>
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        <balance>94344.00000000</balance>
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        <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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      <invstOrSec>
        <name>Tradition Finanz Gesellschaft AG</name>
        <lei>213800WCJHNV1PPEAR30</lei>
        <title>CIE FINANCIERE TRADITION SA</title>
        <cusip>H25668148</cusip>
        <identifiers>
          <isin value="CH0014345117"/>
          <other otherDesc="Internal" value="7391622"/>
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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>VIRBAC SA</name>
        <lei>969500QQ1X5XHG649644</lei>
        <title>VIRBAC SACA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000031577"/>
          <other otherDesc="Internal" value="7399369"/>
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        <balance>16182.00000000</balance>
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        <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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      <invstOrSec>
        <name>Valiant Holding AG</name>
        <lei>529900R30EKFHO09CN42</lei>
        <title>VALIANT HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0014786500"/>
          <other otherDesc="Internal" value="7517893"/>
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        <balance>62855.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RaySearch Laboratories AB (publ)</name>
        <lei>549300TYFVYGS0JFWM28</lei>
        <title>RAYSEARCH LABORATORIES AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000135485"/>
          <other otherDesc="Internal" value="7591239"/>
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        <balance>115278.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HERA S.P.A.</name>
        <lei>8156009414FD99443B48</lei>
        <title>HERA SPA</title>
        <cusip>N/A</cusip>
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          <isin value="IT0001250932"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Getinge AB (publ)</name>
        <lei>5493003PZ4F570G3W735</lei>
        <title>GETINGE AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000202624"/>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>NORWEGIAN AIR SHUTTLE ASA</name>
        <lei>549300IEUH2FEM2Y6B51</lei>
        <title>NORWEGIAN AIR SHUTTLE ASA</title>
        <cusip>N/A</cusip>
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          <isin value="NO0010196140"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JUNGFRAUBAHN HOLDING AG</name>
        <lei>5067009MCPE99B3E4489</lei>
        <title>JUNGFRAUBAHN HOLDING AG</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNTRADE BRIGHTOIL</name>
        <lei>N/A</lei>
        <title>UNTRADE BRIGHTOIL</title>
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          <isin value="N/A"/>
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        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>LEO LITHIUM LIMITED UNL</name>
        <lei>N/A</lei>
        <title>LEO LITHIUM LIMITED UNL</title>
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          <isin value="N/A"/>
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        <invCountry>AU</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>AET AND D HLDGS NO 1 PTY LTD</name>
        <lei>N/A</lei>
        <title>AET AND D HLDGS NO 1 PTY LTD</title>
        <cusip>ACI009MO9</cusip>
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          <isin value="N/A"/>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>PROXIMUS NV</name>
        <lei>549300CWRXC5EP004533</lei>
        <title>PROXIMUS SADP</title>
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          <isin value="BE0003810273"/>
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        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHESNARA PLC</name>
        <lei>213800VFRMBRTSZ3SJ06</lei>
        <title>CHESNARA PLC</title>
        <cusip>N/A</cusip>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Basilea Pharmaceutica AG, Allschwil</name>
        <lei>N/A</lei>
        <title>BASILEA PHARMACEUTICA AG ALLSCHWIL</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>McMillan Shakespeare Ltd</name>
        <lei>N/A</lei>
        <title>MCMILLAN SHAKESPEARE LTD</title>
        <cusip>N/A</cusip>
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          <isin value="AU000000MMS5"/>
          <other otherDesc="Internal" value="B00G1Q0"/>
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        <balance>230378.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRAFTON GROUP PUBLIC LIMITED COMPANY</name>
        <lei>635400BE9SBAG61DJ963</lei>
        <title>GRAFTON GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00B00MZ448"/>
          <other otherDesc="Internal" value="B00MZ44"/>
        </identifiers>
        <balance>680025.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>8102310.55000000</valUSD>
        <pctVal>0.056303322228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invincible Investment Corporation</name>
        <lei>353800JY6M2692VAV685</lei>
        <title>INVINCIBLE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046190009"/>
          <other otherDesc="Internal" value="B00STP1"/>
        </identifiers>
        <balance>30014.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11808933.19000000</valUSD>
        <pctVal>0.082060810489</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>KAROON ENERGY LTD</name>
        <lei>N/A</lei>
        <title>KAROON ENERGY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000KAR6"/>
          <other otherDesc="Internal" value="B00SV00"/>
        </identifiers>
        <balance>2922490.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4607061.60000000</valUSD>
        <pctVal>0.032014679293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MCJ Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>MCJ CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3167420003"/>
          <other otherDesc="Internal" value="B00TL47"/>
        </identifiers>
        <balance>90800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1264225.98000000</valUSD>
        <pctVal>0.008785163476</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>Nick Scali Ltd</name>
        <lei>9845001BZF7580DX6460</lei>
        <title>NICK SCALI LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NCK1"/>
          <other otherDesc="Internal" value="B00VZV8"/>
        </identifiers>
        <balance>304484.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3318681.30000000</valUSD>
        <pctVal>0.023061666354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kardex Holding AG</name>
        <lei>529900JKKMQ07D6QZ480</lei>
        <title>KARDEX HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0100837282"/>
          <other otherDesc="Internal" value="B00ZC75"/>
        </identifiers>
        <balance>24328.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>8692089.51000000</valUSD>
        <pctVal>0.060401722879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORDIC SEMICONDUCTOR ASA</name>
        <lei>5967007LIEEXZXJGFK95</lei>
        <title>NORDIC SEMICONDUCTOR ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0003055501"/>
          <other otherDesc="Internal" value="B00ZG06"/>
        </identifiers>
        <balance>707093.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>14532199.27000000</valUSD>
        <pctVal>0.100984909568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SES SA</name>
        <lei>5493008JPA4HYMH1HX51</lei>
        <title>SES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU0088087324"/>
          <other otherDesc="Internal" value="B00ZQQ2"/>
        </identifiers>
        <balance>1433518.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>11827609.10000000</valUSD>
        <pctVal>0.082190590232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="DEPOSITORY RECEIPT"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>C &amp; C GROUP PUBLIC LIMITED COMPANY</name>
        <lei>635400LNUHA2LDXXV850</lei>
        <title>C C GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00B010DT83"/>
          <other otherDesc="Internal" value="B010DT8"/>
        </identifiers>
        <balance>1509206.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2415094.33000000</valUSD>
        <pctVal>0.016782599659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMERYS SA</name>
        <lei>54930075MZSSIB2TGC64</lei>
        <title>IMERYS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000120859"/>
          <other otherDesc="Internal" value="B011GL4"/>
        </identifiers>
        <balance>137972.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3611403.02000000</valUSD>
        <pctVal>0.025095802817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PSP Swiss Property AG</name>
        <lei>50670042Y437P8X44F56</lei>
        <title>PSP SWISS PROPERTY AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0018294154"/>
          <other otherDesc="Internal" value="B012877"/>
        </identifiers>
        <balance>180292.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>36035129.98000000</valUSD>
        <pctVal>0.250409746984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARSHALLS PLC</name>
        <lei>213800S21IFC367J5V62</lei>
        <title>MARSHALLS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B012BV22"/>
          <other otherDesc="Internal" value="B012BV2"/>
        </identifiers>
        <balance>931731.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1660887.03000000</valUSD>
        <pctVal>0.011541579041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magellan Financial Group Ltd</name>
        <lei>549300X5WFW6USQQ9U26</lei>
        <title>MAGELLAN FINANCIAL GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000MFG4"/>
          <other otherDesc="Internal" value="B015YX4"/>
        </identifiers>
        <balance>657256.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4873082.05000000</valUSD>
        <pctVal>0.033863267424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AZIMUT HOLDING S.P.A.</name>
        <lei>81560025690EF8540635</lei>
        <title>AZIMUT HOLDING SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003261697"/>
          <other otherDesc="Internal" value="B019M65"/>
        </identifiers>
        <balance>459997.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>19533740.75000000</valUSD>
        <pctVal>0.135740847378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASAHI INTECC CO., LTD.</name>
        <lei>353800J3AV2SCNIO8L39</lei>
        <title>ASAHI INTECC CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3110650003"/>
          <other otherDesc="Internal" value="B019MQ5"/>
        </identifiers>
        <balance>837800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>17629464.53000000</valUSD>
        <pctVal>0.122507945853</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>GILAT SATELLITE NETWORKS LTD.</name>
        <lei>529900RVHDCYJ5YWHP12</lei>
        <title>GILAT SATELLITE NETWORKS LTD</title>
        <cusip>M51474118</cusip>
        <identifiers>
          <isin value="IL0010825102"/>
          <other otherDesc="Internal" value="B01BZ39"/>
        </identifiers>
        <balance>287014.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>5197677.38000000</valUSD>
        <pctVal>0.036118895043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1141984.48710600"/>
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      </invstOrSec>
      <invstOrSec>
        <name>SHOEI CO., LTD.</name>
        <lei>N/A</lei>
        <title>SHOEI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3360900009"/>
          <other otherDesc="Internal" value="B01C253"/>
        </identifiers>
        <balance>194900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2171454.41000000</valUSD>
        <pctVal>0.015089534842</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>SUPER RETAIL GROUP LIMITED</name>
        <lei>9845001C5140A8CK7D81</lei>
        <title>SUPER RETAIL GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SUL0"/>
          <other otherDesc="Internal" value="B01C7R0"/>
        </identifiers>
        <balance>617302.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>5307887.87000000</valUSD>
        <pctVal>0.036884752720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAH SING BANKING GROUP LIMITED</name>
        <lei>529900DXBMKJOLLQOM66</lei>
        <title>DAH SING BANKING GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK2356013600"/>
          <other otherDesc="Internal" value="B01G0P1"/>
        </identifiers>
        <balance>1669200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>2686385.58000000</valUSD>
        <pctVal>0.018667814817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NCC GROUP PLC</name>
        <lei>213800DJCGZRB6523934</lei>
        <title>NCC GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B01QGK86"/>
          <other otherDesc="Internal" value="B01QGK8"/>
        </identifiers>
        <balance>1135067.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1845083.34000000</valUSD>
        <pctVal>0.012821567525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nxera Pharma Co., Ltd.</name>
        <lei>2138004M62BFNJMR2Z82</lei>
        <title>NXERA PHARMA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3431300007"/>
          <other otherDesc="Internal" value="B01QMC2"/>
        </identifiers>
        <balance>323700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2015951.93000000</valUSD>
        <pctVal>0.014008941080</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>Maxvalu Tokai Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>MAXVALU TOKAI CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3930400001"/>
          <other otherDesc="Internal" value="B01R690"/>
        </identifiers>
        <balance>33600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>737223.34000000</valUSD>
        <pctVal>0.005122998311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PACIFIC BASIN SHIPPING LIMITED</name>
        <lei>254900LNPK737X4Y3V26</lei>
        <title>PACIFIC BASIN SHIPPING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG684371393"/>
          <other otherDesc="Internal" value="B01RQM3"/>
        </identifiers>
        <balance>17236000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>6733758.06000000</valUSD>
        <pctVal>0.046793189118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Monex Group, Inc.</name>
        <lei>353800SGXKLYGPUJ4648</lei>
        <title>MONEX GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3869970008"/>
          <other otherDesc="Internal" value="B01S2L7"/>
        </identifiers>
        <balance>694370.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2981094.80000000</valUSD>
        <pctVal>0.020715762507</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>SKAN Group AG</name>
        <lei>N/A</lei>
        <title>SKAN GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0013396012"/>
          <other otherDesc="Internal" value="B01TB35"/>
        </identifiers>
        <balance>50442.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>2943821.85000000</valUSD>
        <pctVal>0.020456751093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Acerinox, S.A.</name>
        <lei>95980020140005582721</lei>
        <title>ACERINOX SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0132105018"/>
          <other otherDesc="Internal" value="B01ZVZ5"/>
        </identifiers>
        <balance>738452.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>12119267.50000000</valUSD>
        <pctVal>0.084217337636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frontier Real Estate Investment Corporation</name>
        <lei>N/A</lei>
        <title>FRONTIER REAL ESTATE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046200006"/>
          <other otherDesc="Internal" value="B020QY3"/>
        </identifiers>
        <balance>9647.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5274716.23000000</valUSD>
        <pctVal>0.036654241494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PERSEUS MINING LIMITED</name>
        <lei>54930054ZDGKBCW3SM26</lei>
        <title>PERSEUS MINING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000PRU3"/>
          <other otherDesc="Internal" value="B02FBC1"/>
        </identifiers>
        <balance>5335971.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>21384908.03000000</valUSD>
        <pctVal>0.148604692477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Electric Power Development Co., Ltd.</name>
        <lei>549300KMHPUAQI8VEH90</lei>
        <title>ELECTRIC POWER DEVELOPMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3551200003"/>
          <other otherDesc="Internal" value="B02Q328"/>
        </identifiers>
        <balance>577000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>14120872.24000000</valUSD>
        <pctVal>0.098126579445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mizuho Leasing Company, Limited</name>
        <lei>353800O6EEA5GK30Z659</lei>
        <title>MIZUHO LEASING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3286500008"/>
          <other otherDesc="Internal" value="B02QLW4"/>
        </identifiers>
        <balance>561600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5106272.65000000</valUSD>
        <pctVal>0.035483719443</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>AKER ASA</name>
        <lei>5967007LIEEXZXJ10071</lei>
        <title>AKER ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010234552"/>
          <other otherDesc="Internal" value="B02R4D9"/>
        </identifiers>
        <balance>88341.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>10240831.76000000</valUSD>
        <pctVal>0.071164002776</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEGA SAMMY HOLDINGS INC.</name>
        <lei>5493006B6WMKNQ8QNP51</lei>
        <title>SEGA SAMMY HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3419050004"/>
          <other otherDesc="Internal" value="B02RK08"/>
        </identifiers>
        <balance>613500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8894309.57000000</valUSD>
        <pctVal>0.061806959216</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>Ypsomed Holding AG</name>
        <lei>391200QLIOTTBNPNSI14</lei>
        <title>YPSOMED HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0019396990"/>
          <other otherDesc="Internal" value="B02SWN8"/>
        </identifiers>
        <balance>16154.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>5643702.36000000</valUSD>
        <pctVal>0.039218342789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Y.H. DIMRI, Construction and Development Ltd.</name>
        <lei>N/A</lei>
        <title>YH DIMRI CONSTRUCTION DEVELOPMENT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010903156"/>
          <other otherDesc="Internal" value="B02SX80"/>
        </identifiers>
        <balance>39153.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>5336896.41000000</valUSD>
        <pctVal>0.037086334375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clas Ohlson Aktiebolag</name>
        <lei>549300MH8OETHBBKJU80</lei>
        <title>CLAS OHLSON AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000584948"/>
          <other otherDesc="Internal" value="B033YF8"/>
        </identifiers>
        <balance>153521.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>6624544.84000000</valUSD>
        <pctVal>0.046034261516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DEXUS</name>
        <lei>N/A</lei>
        <title>DEXUS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000DXS1"/>
          <other otherDesc="Internal" value="B033YN6"/>
        </identifiers>
        <balance>4194784.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>18923307.39000000</valUSD>
        <pctVal>0.131498918368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COSMOS Pharmaceutical Corporation</name>
        <lei>N/A</lei>
        <title>COSMOS PHARMACEUTICAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3298400007"/>
          <other otherDesc="Internal" value="B036QP1"/>
        </identifiers>
        <balance>158900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6133516.66000000</valUSD>
        <pctVal>0.042622084499</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXITY SA</name>
        <lei>969500JJ71T2DIPDVV84</lei>
        <title>NEXITY SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010112524"/>
          <other otherDesc="Internal" value="B037JC2"/>
        </identifiers>
        <balance>168660.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1674252.02000000</valUSD>
        <pctVal>0.011634452961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1657505.52908200"/>
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      </invstOrSec>
      <invstOrSec>
        <name>JYSKE BANK A/S</name>
        <lei>3M5E1GQGKL17HI6CPN30</lei>
        <title>JYSKE BANK A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0010307958"/>
          <other otherDesc="Internal" value="B0386J1"/>
        </identifiers>
        <balance>168391.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>23442398.11000000</valUSD>
        <pctVal>0.162902284040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Metaplanet Inc.</name>
        <lei>3538006DGBY53D3UEV95</lei>
        <title>METAPLANET INC</title>
        <cusip>J1357P101</cusip>
        <identifiers>
          <isin value="JP3481200008"/>
          <other otherDesc="Internal" value="B03BJ91"/>
        </identifiers>
        <balance>1891100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4066083.03000000</valUSD>
        <pctVal>0.028255394758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sun Frontier Fudousan Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SUN FRONTIER FUDOUSAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3336950005"/>
          <other otherDesc="Internal" value="B03BJB3"/>
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        <balance>119900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2057928.94000000</valUSD>
        <pctVal>0.014300641220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="858185.54628800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>VALNEVA SE</name>
        <lei>969500DIVIP5VKNW4948</lei>
        <title>VALNEVA SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0004056851"/>
          <other otherDesc="Internal" value="B03KGM0"/>
        </identifiers>
        <balance>540447.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1476183.12000000</valUSD>
        <pctVal>0.010258063222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1443302.38905100"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fuyo General Lease Co., Ltd.</name>
        <lei>353800IE82QJT7UQJK58</lei>
        <title>FUYO GENERAL LEASE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3826270005"/>
          <other otherDesc="Internal" value="B03P2F0"/>
        </identifiers>
        <balance>196800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5448844.09000000</valUSD>
        <pctVal>0.037864263863</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>Emmi AG</name>
        <lei>529900Q53RBYJIVCMA08</lei>
        <title>EMMI AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0012829898"/>
          <other otherDesc="Internal" value="B03PQZ8"/>
        </identifiers>
        <balance>8452.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>8845153.13000000</valUSD>
        <pctVal>0.061465368892</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Medincell SA</name>
        <lei>969500R79U6PXCL2FF46</lei>
        <title>MEDINCELL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0004065605"/>
          <other otherDesc="Internal" value="B048Z71"/>
        </identifiers>
        <balance>73527.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2129759.13000000</valUSD>
        <pctVal>0.014799792457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1131515.09859200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SERVICE STREAM LIMITED</name>
        <lei>254900BGR8Y25CRN1892</lei>
        <title>SERVICE STREAM LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SSM2"/>
          <other otherDesc="Internal" value="B04KLG8"/>
        </identifiers>
        <balance>2329388.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3284087.16000000</valUSD>
        <pctVal>0.022821270112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Neuren Pharmaceuticals Ltd</name>
        <lei>984500E48D0FDEE7CE63</lei>
        <title>NEUREN PHARMACEUTICALS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZNEUE0001S8"/>
          <other otherDesc="Internal" value="B04LVF0"/>
        </identifiers>
        <balance>447263.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4066822.36000000</valUSD>
        <pctVal>0.028260532396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3987615.96560000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CMB.TECH NV</name>
        <lei>549300D80RYON74MEJ03</lei>
        <title>CMB TECH NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003816338"/>
          <other otherDesc="Internal" value="B04M8J6"/>
        </identifiers>
        <balance>167449.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2285909.76000000</valUSD>
        <pctVal>0.015884890243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suntec Real Estate Investment Trust</name>
        <lei>549300C46QFXSI2F4K13</lei>
        <title>SUNTEC REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1Q52922370"/>
          <other otherDesc="Internal" value="B04PZ72"/>
        </identifiers>
        <balance>7511100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>8838080.04000000</valUSD>
        <pctVal>0.061416217670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MESOBLAST LIMITED</name>
        <lei>N/A</lei>
        <title>MESOBLAST LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000MSB8"/>
          <other otherDesc="Internal" value="B04SF48"/>
        </identifiers>
        <balance>3592637.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>5615813.40000000</valUSD>
        <pctVal>0.039024541145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3150417.61241800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRAINGER PLC</name>
        <lei>2138007CEIRKZMNI2979</lei>
        <title>GRAINGER PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B04V1276"/>
          <other otherDesc="Internal" value="B04V127"/>
        </identifiers>
        <balance>2661659.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>5805828.34000000</valUSD>
        <pctVal>0.040344963552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ETABLISSEMENTS MAUREL ET PROM SA</name>
        <lei>969500ZTYI9C1C594X25</lei>
        <title>ETABLISSEMENTS MAUREL ET PROM SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000051070"/>
          <other otherDesc="Internal" value="B05DY78"/>
        </identifiers>
        <balance>235590.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2750752.23000000</valUSD>
        <pctVal>0.019115101577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Internet Initiative Japan Inc.</name>
        <lei>N/A</lei>
        <title>INTERNET INITIATIVE JAPAN INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3152820001"/>
          <other otherDesc="Internal" value="B05H328"/>
        </identifiers>
        <balance>422100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7427324.89000000</valUSD>
        <pctVal>0.051612816368</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>DeNA Co., Ltd.</name>
        <lei>N/A</lei>
        <title>DENA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3548610009"/>
          <other otherDesc="Internal" value="B05L364"/>
        </identifiers>
        <balance>289700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4727244.80000000</valUSD>
        <pctVal>0.032849837782</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>HAKUHODO DY HOLDINGS INCORPORATED</name>
        <lei>N/A</lei>
        <title>HAKUHODO DY HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3766550002"/>
          <other otherDesc="Internal" value="B05LZ02"/>
        </identifiers>
        <balance>841800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5652300.49000000</valUSD>
        <pctVal>0.039278091583</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>LANXESS Aktiengesellschaft</name>
        <lei>529900PTLRE72EMYIJ77</lei>
        <title>LANXESS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005470405"/>
          <other otherDesc="Internal" value="B05M8B7"/>
        </identifiers>
        <balance>339133.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>7227034.08000000</valUSD>
        <pctVal>0.050220986476</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="7154749.46128200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHIP HEALTHCARE HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>SHIP HEALTHCARE HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3274150006"/>
          <other otherDesc="Internal" value="B05MTR0"/>
        </identifiers>
        <balance>299000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4449578.94000000</valUSD>
        <pctVal>0.030920325170</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>Techmatrix Corp</name>
        <lei>353800BO9TATTH8LBW35</lei>
        <title>TECHMATRIX CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3545130001"/>
          <other otherDesc="Internal" value="B05MTT2"/>
        </identifiers>
        <balance>153400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1780982.24000000</valUSD>
        <pctVal>0.012376126084</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>XINYI GLASS HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>XINYI GLASS HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9828G1082"/>
          <other otherDesc="Internal" value="B05NXN7"/>
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        <balance>7015000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>8706396.17000000</valUSD>
        <pctVal>0.060501140506</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="3493291.59901500"/>
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      </invstOrSec>
      <invstOrSec>
        <name>GungHo Online Entertainment, Inc.</name>
        <lei>N/A</lei>
        <title>GUNGHO ONLINE ENTERTAINMENT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3235900002"/>
          <other otherDesc="Internal" value="B064D84"/>
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        <balance>159530.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2523969.12000000</valUSD>
        <pctVal>0.017539175495</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>HEIWA REAL ESTATE REIT, Inc.</name>
        <lei>3538003GH25628YW4R98</lei>
        <title>HEIWA REAL ESTATE REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046220004"/>
          <other otherDesc="Internal" value="B064LV3"/>
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        <balance>4443.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4175142.27000000</valUSD>
        <pctVal>0.029013252346</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>EXAIL TECHNOLOGIES SA</name>
        <lei>549300EWC06TYV07XE53</lei>
        <title>EXAIL TECHNOLOGIES SA</title>
        <cusip>F4606F100</cusip>
        <identifiers>
          <isin value="FR0000062671"/>
          <other otherDesc="Internal" value="B06BGH5"/>
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        <balance>37913.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5499777.36000000</valUSD>
        <pctVal>0.038218201459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="869363.16615600"/>
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      <invstOrSec>
        <name>Nordex SE</name>
        <lei>529900HVDYCUWVD0OE76</lei>
        <title>NORDEX SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A0D6554"/>
          <other otherDesc="Internal" value="B06CF71"/>
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        <balance>510627.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>29117185.29000000</valUSD>
        <pctVal>0.202336636649</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>
      <invstOrSec>
        <name>GMO Payment Gateway, Inc.</name>
        <lei>353800Q6U21E2PM83F86</lei>
        <title>GMO PAYMENT GATEWAY INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3385890003"/>
          <other otherDesc="Internal" value="B06CMQ9"/>
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        <balance>167200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8398009.27000000</valUSD>
        <pctVal>0.058358145999</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>Invisio AB</name>
        <lei>54930054EB7KX3MY2Q11</lei>
        <title>INVISIO AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0001200015"/>
          <other otherDesc="Internal" value="B06G108"/>
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        <balance>144529.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>4186235.97000000</valUSD>
        <pctVal>0.029090342969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AL Sydbank A/S</name>
        <lei>GP5DT10VX1QRQUKVBK64</lei>
        <title>AL SYDBANK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0010311471"/>
          <other otherDesc="Internal" value="B06JSP1"/>
        </identifiers>
        <balance>242718.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>20700847.23000000</valUSD>
        <pctVal>0.143851123059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IG GROUP HOLDINGS PLC</name>
        <lei>2138003A5Q1M7ANOUD76</lei>
        <title>IG GROUP HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B06QFB75"/>
          <other otherDesc="Internal" value="B06QFB7"/>
        </identifiers>
        <balance>1339449.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>27394502.39000000</valUSD>
        <pctVal>0.190365635313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPAREBANK 1 NORD-NORGE</name>
        <lei>549300SXM92LQ05OJQ76</lei>
        <title>SPAREBANK 1 NORD NORGE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0006000801"/>
          <other otherDesc="Internal" value="B06T259"/>
        </identifiers>
        <balance>360859.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>6117263.41000000</valUSD>
        <pctVal>0.042509139930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>METCASH LIMITED</name>
        <lei>N/A</lei>
        <title>METCASH LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000MTS0"/>
          <other otherDesc="Internal" value="B0744W4"/>
        </identifiers>
        <balance>4291285.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>8450244.75000000</valUSD>
        <pctVal>0.058721132710</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEEK LIMITED</name>
        <lei>N/A</lei>
        <title>SEEK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SEK6"/>
          <other otherDesc="Internal" value="B0767Y3"/>
        </identifiers>
        <balance>1401869.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>14072763.28000000</valUSD>
        <pctVal>0.097792268108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nokian Renkaat Oyj</name>
        <lei>743700YQIO8Y4L4WKR40</lei>
        <title>NOKIAN RENKAAT OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009005318"/>
          <other otherDesc="Internal" value="B07G378"/>
        </identifiers>
        <balance>489584.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6023240.29000000</valUSD>
        <pctVal>0.041855769019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Logistics Fund, Inc.</name>
        <lei>3538004KZWISCQO70151</lei>
        <title>JAPAN LOGISTICS FUND INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046230003"/>
          <other otherDesc="Internal" value="B07NL19"/>
        </identifiers>
        <balance>9822.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5982435.46000000</valUSD>
        <pctVal>0.041572214411</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>GALAPAGOS NV</name>
        <lei>549300QKJ78IY0IOV655</lei>
        <title>GALAPAGOS NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003818359"/>
          <other otherDesc="Internal" value="B07Q2V5"/>
        </identifiers>
        <balance>130106.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3653178.01000000</valUSD>
        <pctVal>0.025386099111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Domino's Pizza Enterprises Ltd</name>
        <lei>54930034RFI409JZ3179</lei>
        <title>DOMINO S PIZZA ENTERPRISES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000DMP0"/>
          <other otherDesc="Internal" value="B07SFG7"/>
        </identifiers>
        <balance>285063.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3418579.42000000</valUSD>
        <pctVal>0.023755862906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atresmedia Corporacion de Medios de Comunicacion, S.A.</name>
        <lei>95980020140005491929</lei>
        <title>ATRESMEDIA CORP DE MEDIOS DE COMUNICACION SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0109427734"/>
          <other otherDesc="Internal" value="B07VZ99"/>
        </identifiers>
        <balance>391276.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2381359.78000000</valUSD>
        <pctVal>0.016548176746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bucher Industries AG</name>
        <lei>52990014AQ91A29HPB27</lei>
        <title>BUCHER INDUSTRIES AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0002432174"/>
          <other otherDesc="Internal" value="B07ZBW6"/>
        </identifiers>
        <balance>26334.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>10457136.66000000</valUSD>
        <pctVal>0.072667115302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ODFJELL SE</name>
        <lei>529900J8VSH14TP5VD23</lei>
        <title>ODFJELL SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0003399909"/>
          <other otherDesc="Internal" value="B086463"/>
        </identifiers>
        <balance>57814.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>721372.35000000</valUSD>
        <pctVal>0.005012849065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OPMOBILITY SE</name>
        <lei>9695001VLC2KYXX0DW73</lei>
        <title>OPMOBILITY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000124570"/>
          <other otherDesc="Internal" value="B08V9H4"/>
        </identifiers>
        <balance>225675.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3813234.87000000</valUSD>
        <pctVal>0.026498341466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MELCO INTERNATIONAL DEVELOPMENT LIMITED</name>
        <lei>N/A</lei>
        <title>MELCO INTERNATIONAL DEVELOPMENT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0200030994"/>
          <other otherDesc="Internal" value="B092QP3"/>
        </identifiers>
        <balance>3593500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>1966273.02000000</valUSD>
        <pctVal>0.013663720089</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEBUILD S.P.A.</name>
        <lei>549300UKR289DF4UXQ47</lei>
        <title>WEBUILD SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003865570"/>
          <other otherDesc="Internal" value="B09MRX8"/>
        </identifiers>
        <balance>1646912.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4895211.52000000</valUSD>
        <pctVal>0.034017046111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fukuoka REIT Corporation</name>
        <lei>N/A</lei>
        <title>FUKUOKA REIT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046240002"/>
          <other otherDesc="Internal" value="B0B8154"/>
        </identifiers>
        <balance>2691.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3100868.07000000</valUSD>
        <pctVal>0.021548072374</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MARR S.P.A.</name>
        <lei>815600576D5536AC7B34</lei>
        <title>MARR SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003428445"/>
          <other otherDesc="Internal" value="B0B87F6"/>
        </identifiers>
        <balance>130850.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1325675.71000000</valUSD>
        <pctVal>0.009212180428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="327614.63839700"/>
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      </invstOrSec>
      <invstOrSec>
        <name>NOS, SGPS, S.A.</name>
        <lei>5493004DM8FGIY6QKF37</lei>
        <title>NOS SGPS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PTZON0AM0006"/>
          <other otherDesc="Internal" value="B0B9GS5"/>
        </identifiers>
        <balance>811816.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5360786.66000000</valUSD>
        <pctVal>0.037252348802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIENNA INSURANCE GROUP AG Wiener Versicherung Gruppe</name>
        <lei>549300JCRU23I1THU176</lei>
        <title>VIENNA INSURANCE GROUP AG WIENER VERSICHERUNG GRUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000908504"/>
          <other otherDesc="Internal" value="B0BKSS2"/>
        </identifiers>
        <balance>151299.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>11392134.62000000</valUSD>
        <pctVal>0.079164458387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VAUDOISE VERSICHERUNGEN HOLDING AG</name>
        <lei>506700F7C0WFE08FR858</lei>
        <title>VAUDOISE ASSURANCES HOLDING SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0021545667"/>
          <other otherDesc="Internal" value="B0BV7Y4"/>
        </identifiers>
        <balance>3530.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>3695578.17000000</valUSD>
        <pctVal>0.025680739739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mobimo Holding AG</name>
        <lei>50670018HN8O1GD3O385</lei>
        <title>MOBIMO HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0011108872"/>
          <other otherDesc="Internal" value="B0BV896"/>
        </identifiers>
        <balance>29639.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>14149033.08000000</valUSD>
        <pctVal>0.098322270395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KDX Realty Investment Corporation</name>
        <lei>353800FFT483NCIHFY42</lei>
        <title>KDX REALTY INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046270009"/>
          <other otherDesc="Internal" value="B0C5Q59"/>
        </identifiers>
        <balance>16097.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>16813457.32000000</valUSD>
        <pctVal>0.116837474868</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>SERICA ENERGY PLC</name>
        <lei>213800EZZOKA815VC426</lei>
        <title>SERICA ENERGY PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B0CY5V57"/>
          <other otherDesc="Internal" value="B0CY5V5"/>
        </identifiers>
        <balance>1015236.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3964074.70000000</valUSD>
        <pctVal>0.027546534262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAPLETREE LOGISTICS TRUST</name>
        <lei>549300M9EBZIYH387075</lei>
        <title>MAPLETREE LOGISTICS TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1S03926213"/>
          <other otherDesc="Internal" value="B0D6P43"/>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITED ENERGY GROUP LIMITED</name>
        <lei>254900I49QKOOISW8F62</lei>
        <title>UNITED ENERGY GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG9231L1081"/>
          <other otherDesc="Internal" value="B0FXSY3"/>
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        <balance>46504000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ELECTRA REAL ESTATE LTD</name>
        <lei>N/A</lei>
        <title>ELECTRA REAL ESTATE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010940448"/>
          <other otherDesc="Internal" value="B0H5D31"/>
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        <balance>125669.00000000</balance>
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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>
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      <invstOrSec>
        <name>Starhill Global Real Estate Investment Trust</name>
        <lei>549300GCJNC7HDN3YK51</lei>
        <title>STARHILL GLOBAL REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1S18926810"/>
          <other otherDesc="Internal" value="B0HZGR6"/>
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        <balance>5635300.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>create restaurants holdings inc.</name>
        <lei>N/A</lei>
        <title>CREATE RESTAURANTS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3269930008"/>
          <other otherDesc="Internal" value="B0J2LC5"/>
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        <balance>1021400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>SAKURA internet Inc.</name>
        <lei>N/A</lei>
        <title>SAKURA INTERNET INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3317300006"/>
          <other otherDesc="Internal" value="B0JZCW1"/>
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        <balance>109600.00000000</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>HIKMA PHARMACEUTICALS PUBLIC LIMITED COMPANY</name>
        <lei>549300BNS685UXH4JI75</lei>
        <title>HIKMA PHARMACEUTICALS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B0LCW083"/>
          <other otherDesc="Internal" value="B0LCW08"/>
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        <balance>658314.00000000</balance>
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        <pctVal>0.086977785246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SIMS LIMITED</name>
        <lei>5493002YM7ZHVDMFC916</lei>
        <title>SIMS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SGM7"/>
          <other otherDesc="Internal" value="B0LCW75"/>
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        <balance>644252.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EFG International AG</name>
        <lei>506700PR1R98BSF81139</lei>
        <title>EFG INTERNATIONAL AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0022268228"/>
          <other otherDesc="Internal" value="B0LF188"/>
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        <balance>423725.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPAREBANK 1 SMN</name>
        <lei>7V6Z97IO7R1SEAO84Q32</lei>
        <title>SPAREBANK 1 SMN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0006390301"/>
          <other otherDesc="Internal" value="B0LGG75"/>
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        <balance>529782.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hankyu Hanshin REIT, Inc.</name>
        <lei>N/A</lei>
        <title>HANKYU HANSHIN REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046320002"/>
          <other otherDesc="Internal" value="B0LLJ37"/>
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        <balance>2476.00000000</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>
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      <invstOrSec>
        <name>MERCIALYS SA</name>
        <lei>969500081CGAXB7YS433</lei>
        <title>MERCIALYS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010241638"/>
          <other otherDesc="Internal" value="B0LMF87"/>
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        <balance>372333.00000000</balance>
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        <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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      <invstOrSec>
        <name>Ichigo Office REIT Investment Corporation</name>
        <lei>N/A</lei>
        <title>ICHIGO OFFICE REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046300004"/>
          <other otherDesc="Internal" value="B0LNCF6"/>
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        <balance>4080.00000000</balance>
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        <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>Daiwa Office Investment Corporation</name>
        <lei>N/A</lei>
        <title>DAIWA OFFICE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046310003"/>
          <other otherDesc="Internal" value="B0LNTF5"/>
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        <balance>2248.00000000</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>
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      <invstOrSec>
        <name>SUMCO CORPORATION</name>
        <lei>353800SUSRUOM0V6KU92</lei>
        <title>SUMCO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3322930003"/>
          <other otherDesc="Internal" value="B0M0C89"/>
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        <balance>1383600.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Elekta AB (publ)</name>
        <lei>54930044O54BK617EP80</lei>
        <title>ELEKTA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000163628"/>
          <other otherDesc="Internal" value="B0M42T2"/>
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        <balance>1448931.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EUTELSAT COMMUNICATIONS SA</name>
        <lei>549300EFWH9UR17YSK05</lei>
        <title>EUTELSAT COMMUNICATIONS SACA</title>
        <cusip>N/A</cusip>
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          <isin value="FR0010221234"/>
          <other otherDesc="Internal" value="B0M7KJ7"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>AUB GROUP LIMITED</name>
        <lei>5493005X7SUBQF3OEG82</lei>
        <title>AUB GROUP LTD</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="B0MBNC3"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SAFILO GROUP S.P.A.</name>
        <lei>81560026FA1A26642782</lei>
        <title>SAFILO GROUP SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0004604762"/>
          <other otherDesc="Internal" value="B0N64J1"/>
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        <balance>814938.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UACJ Corporation</name>
        <lei>353800GO7FBE4RSRH831</lei>
        <title>UACJ CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3826900007"/>
          <other otherDesc="Internal" value="B0N9WZ2"/>
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        <balance>585976.00000000</balance>
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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>Earth Corporation</name>
        <lei>N/A</lei>
        <title>EARTH CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3100190002"/>
          <other otherDesc="Internal" value="B0NHMM3"/>
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        <balance>61000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TAMBURI INVESTMENT PARTNERS S.P.A.</name>
        <lei>81560017CF8066680595</lei>
        <title>TAMBURI INVESTMENT PARTNERS SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003153621"/>
          <other otherDesc="Internal" value="B0NN179"/>
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        <balance>361756.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>I.B.I INVESTMENT HOUSE LTD</name>
        <lei>5493005Y2T191RSUXG21</lei>
        <title>IBI INVESTMENT HOUSE LTD</title>
        <cusip>M5318N101</cusip>
        <identifiers>
          <isin value="IL0001750186"/>
          <other otherDesc="Internal" value="B0P1FC4"/>
        </identifiers>
        <balance>13396.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>1843442.67000000</valUSD>
        <pctVal>0.012810166435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LANCASHIRE HOLDINGS LIMITED</name>
        <lei>5493002UNUYXLHOWF752</lei>
        <title>LANCASHIRE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG5361W1047"/>
          <other otherDesc="Internal" value="B0PYHC7"/>
        </identifiers>
        <balance>861543.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>6729256.83000000</valUSD>
        <pctVal>0.046761909867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PNE AG</name>
        <lei>391200KEHI6OQSGGN373</lei>
        <title>PNE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A0JBPG2"/>
          <other otherDesc="Internal" value="B0QCZ26"/>
        </identifiers>
        <balance>105257.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1167404.29000000</valUSD>
        <pctVal>0.008112345176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1155725.47797200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JCU Corp</name>
        <lei>N/A</lei>
        <title>JCU CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3166200000"/>
          <other otherDesc="Internal" value="B0QH446"/>
        </identifiers>
        <balance>79700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3389839.85000000</valUSD>
        <pctVal>0.023556150335</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>Zealand Pharma A/S</name>
        <lei>549300ITBB1ULBL4CZ12</lei>
        <title>ZEALAND PHARMA A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060257814"/>
          <other otherDesc="Internal" value="B0SDJB4"/>
        </identifiers>
        <balance>255083.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>12064452.95000000</valUSD>
        <pctVal>0.083836428851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAMTEK LTD</name>
        <lei>5493000H80W07HCKGS43</lei>
        <title>CAMTEK LTD ISRAEL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010952641"/>
          <other otherDesc="Internal" value="B0WG737"/>
        </identifiers>
        <balance>116995.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>22369035.16000000</valUSD>
        <pctVal>0.155443436385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TORIDOLL Holdings Corporation</name>
        <lei>3538002L9PBNUQXICM82</lei>
        <title>TORIDOLL HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3636650008"/>
          <other otherDesc="Internal" value="B0WHPP8"/>
        </identifiers>
        <balance>191800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4956655.94000000</valUSD>
        <pctVal>0.034444026163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="289439.76291900"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QINETIQ GROUP PLC</name>
        <lei>213800S8OBDOZMCMUW34</lei>
        <title>QINETIQ GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B0WMWD03"/>
          <other otherDesc="Internal" value="B0WMWD0"/>
        </identifiers>
        <balance>1917907.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>11622512.19000000</valUSD>
        <pctVal>0.080765362534</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vusion SA</name>
        <lei>N/A</lei>
        <title>VUSION</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010282822"/>
          <other otherDesc="Internal" value="B0XMRC3"/>
        </identifiers>
        <balance>33068.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4716735.43000000</valUSD>
        <pctVal>0.032776807694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4669522.43171200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Castellum Aktiebolag</name>
        <lei>549300GU5OHTR1T5IY68</lei>
        <title>CASTELLUM AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000379190"/>
          <other otherDesc="Internal" value="B0XP0T0"/>
        </identifiers>
        <balance>1457291.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>18653231.55000000</valUSD>
        <pctVal>0.129622149149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COHORT PLC</name>
        <lei>213800WE61C73LZZNW11</lei>
        <title>COHORT PLC</title>
        <cusip>G2372R109</cusip>
        <identifiers>
          <isin value="GB00B0YD2B94"/>
          <other otherDesc="Internal" value="B0YD2B9"/>
        </identifiers>
        <balance>137288.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2282570.59000000</valUSD>
        <pctVal>0.015861686199</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="983586.28236800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>West Holdings Corporation</name>
        <lei>N/A</lei>
        <title>WEST HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3154750008"/>
          <other otherDesc="Internal" value="B0YQ5X1"/>
        </identifiers>
        <balance>85730.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1575454.06000000</valUSD>
        <pctVal>0.010947901471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="588061.70442000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KYORIN Pharmaceutical Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KYORIN PHARMACEUTICAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3247090008"/>
          <other otherDesc="Internal" value="B0YZFP0"/>
        </identifiers>
        <balance>157000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1553444.16000000</valUSD>
        <pctVal>0.010794953682</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>ARKEMA SA</name>
        <lei>9695000EHMS84KKP2785</lei>
        <title>ARKEMA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010313833"/>
          <other otherDesc="Internal" value="B0Z5YZ2"/>
        </identifiers>
        <balance>224099.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>16355624.50000000</valUSD>
        <pctVal>0.113655973909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daiwa House REIT Investment Corporation</name>
        <lei>3538001FWU534P8JMO05</lei>
        <title>DAIWA HOUSE REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046390005"/>
          <other otherDesc="Internal" value="B0Z6WY0"/>
        </identifiers>
        <balance>17183.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13819303.03000000</valUSD>
        <pctVal>0.096030961374</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>AIRPORT CITY LTD</name>
        <lei>N/A</lei>
        <title>AIRPORT CITY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010958358"/>
          <other otherDesc="Internal" value="B0Z7M21"/>
        </identifiers>
        <balance>233226.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>4334227.82000000</valUSD>
        <pctVal>0.030118745024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alpen Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>ALPEN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3126470008"/>
          <other otherDesc="Internal" value="B0ZGMK6"/>
        </identifiers>
        <balance>59500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>747574.33000000</valUSD>
        <pctVal>0.005194927808</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toyo Tanso Co Ltd</name>
        <lei>N/A</lei>
        <title>TOYO TANSO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3616000000"/>
          <other otherDesc="Internal" value="B0ZV9X3"/>
        </identifiers>
        <balance>57600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2244121.32000000</valUSD>
        <pctVal>0.015594500484</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>Implenia AG</name>
        <lei>52990006TKCUQQJ79B11</lei>
        <title>IMPLENIA AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0023868554"/>
          <other otherDesc="Internal" value="B10DQJ6"/>
        </identifiers>
        <balance>62114.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>4902120.11000000</valUSD>
        <pctVal>0.034065054215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD</name>
        <lei>79GWRL7CPDKLUJ3L0772</lei>
        <title>CHINA AVIATION OIL SINGAPORE CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1T06929205"/>
          <other otherDesc="Internal" value="B10SYQ4"/>
        </identifiers>
        <balance>1019500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>1700360.54000000</valUSD>
        <pctVal>0.011815882247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YIT Oyj</name>
        <lei>529900M13GM4VSTE6W80</lei>
        <title>YIT OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009800643"/>
          <other otherDesc="Internal" value="B11BQV1"/>
        </identifiers>
        <balance>430172.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1274799.86000000</valUSD>
        <pctVal>0.008858641846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALSO Holding AG</name>
        <lei>529900ACS8A6PTQI6141</lei>
        <title>ALSO HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0024590272"/>
          <other otherDesc="Internal" value="B11TD81"/>
        </identifiers>
        <balance>22891.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>4720699.01000000</valUSD>
        <pctVal>0.032804350791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Konecranes Oyj</name>
        <lei>549300EF0CDEQZBMA096</lei>
        <title>KONECRANES OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009005870"/>
          <other otherDesc="Internal" value="B11WFP1"/>
        </identifiers>
        <balance>796889.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>26172219.84000000</valUSD>
        <pctVal>0.181871938627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PATRIZIA SE</name>
        <lei>5299002NZCMF1NIHZ018</lei>
        <title>PATRIZIA SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000PAT1AG3"/>
          <other otherDesc="Internal" value="B11Y3K8"/>
        </identifiers>
        <balance>145034.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1275097.86000000</valUSD>
        <pctVal>0.008860712662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wacker Chemie AG</name>
        <lei>0NURKC5Q3CJYZPPK5046</lei>
        <title>WACKER CHEMIE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000WCH8881"/>
          <other otherDesc="Internal" value="B11Y568"/>
        </identifiers>
        <balance>71748.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>7873275.00000000</valUSD>
        <pctVal>0.054711743839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IP Group PLC</name>
        <lei>213800HG22UM138WFG43</lei>
        <title>IP GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B128J450"/>
          <other otherDesc="Internal" value="B128J45"/>
        </identifiers>
        <balance>3691970.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3045794.14000000</valUSD>
        <pctVal>0.021165361145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Husqvarna AB</name>
        <lei>549300GYQIIJ3UXB7655</lei>
        <title>HUSQVARNA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0001662230"/>
          <other otherDesc="Internal" value="B12PJ24"/>
        </identifiers>
        <balance>1402780.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>6757710.76000000</valUSD>
        <pctVal>0.046959637513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Keppel REIT</name>
        <lei>549300ZD5HZLQCF55J25</lei>
        <title>KEPPEL REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1T22929874"/>
          <other otherDesc="Internal" value="B12RQH4"/>
        </identifiers>
        <balance>12874807.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>9064701.27000000</valUSD>
        <pctVal>0.062991018841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="925423.06453800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATEA ASA</name>
        <lei>5967007LIEEXZXINVS13</lei>
        <title>ATEA ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0004822503"/>
          <other otherDesc="Internal" value="B12TR11"/>
        </identifiers>
        <balance>312647.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>5271132.51000000</valUSD>
        <pctVal>0.036629338062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Koninklijke BAM Groep N.V.</name>
        <lei>724500V38C5KTDY5BS93</lei>
        <title>KONINKLIJKE BAM GROEP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000337319"/>
          <other otherDesc="Internal" value="B12W5Y9"/>
        </identifiers>
        <balance>965922.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>10624783.28000000</valUSD>
        <pctVal>0.073832099242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ratos AB</name>
        <lei>2138008KECUUB9VR4798</lei>
        <title>RATOS AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000111940"/>
          <other otherDesc="Internal" value="B130WD0"/>
        </identifiers>
        <balance>831559.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>2955370.82000000</valUSD>
        <pctVal>0.020537005408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Catena AB</name>
        <lei>549300EMLM7AH5LDLY65</lei>
        <title>CATENA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0001664707"/>
          <other otherDesc="Internal" value="B131GJ7"/>
        </identifiers>
        <balance>179075.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>8447366.86000000</valUSD>
        <pctVal>0.058701134123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dios Fastigheter AB</name>
        <lei>549300G3VF7LZQ9IW435</lei>
        <title>DIOS FASTIGHETER AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0001634262"/>
          <other otherDesc="Internal" value="B1323T9"/>
        </identifiers>
        <balance>433559.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>2988362.88000000</valUSD>
        <pctVal>0.020766268724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASHMORE GROUP PLC</name>
        <lei>549300U3L59WB4YI2X12</lei>
        <title>ASHMORE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B132NW22"/>
          <other otherDesc="Internal" value="B132NW2"/>
        </identifiers>
        <balance>1677682.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>4739311.42000000</valUSD>
        <pctVal>0.032933689269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAVILLS PLC</name>
        <lei>213800WXICGMBWHTA933</lei>
        <title>SAVILLS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B135BJ46"/>
          <other otherDesc="Internal" value="B135BJ4"/>
        </identifiers>
        <balance>540829.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>6086165.16000000</valUSD>
        <pctVal>0.042293036785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAUFMAN &amp; BROAD SA</name>
        <lei>969500CE0X343D8ALO86</lei>
        <title>KAUFMAN BROAD SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0004007813"/>
          <other otherDesc="Internal" value="B138HB7"/>
        </identifiers>
        <balance>52570.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1707837.16000000</valUSD>
        <pctVal>0.011867837617</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MBB SE</name>
        <lei>967600M9R4EFYLPNWR50</lei>
        <title>MBB SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A0ETBQ4"/>
          <other otherDesc="Internal" value="B13G625"/>
        </identifiers>
        <balance>6347.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1479627.50000000</valUSD>
        <pctVal>0.010281998375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALTRI, S.G.P.S., S.A.</name>
        <lei>213800AKSTYRLHY3X497</lei>
        <title>ALTRI SGPS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PTALT0AE0002"/>
          <other otherDesc="Internal" value="B13ZSL5"/>
        </identifiers>
        <balance>256449.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1503323.44000000</valUSD>
        <pctVal>0.010446662533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1480648.93136000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JM AB</name>
        <lei>529900X0UEM9DOM6FK12</lei>
        <title>JM AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000806994"/>
          <other otherDesc="Internal" value="B142FZ8"/>
        </identifiers>
        <balance>247707.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>3113748.37000000</valUSD>
        <pctVal>0.021637578161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMPLIFON S.P.A.</name>
        <lei>ZYXJDNVM2JI3VBM8G556</lei>
        <title>AMPLIFON SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0004056880"/>
          <other otherDesc="Internal" value="B14NJ71"/>
        </identifiers>
        <balance>489650.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5423971.37000000</valUSD>
        <pctVal>0.037691422208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOBE BUSSAN CO., LTD.</name>
        <lei>353800CJIFNHN2DXRD59</lei>
        <title>KOBE BUSSAN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3291200008"/>
          <other otherDesc="Internal" value="B14RJB7"/>
        </identifiers>
        <balance>594900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10414514.56000000</valUSD>
        <pctVal>0.072370932403</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>CMC MARKETS PLC</name>
        <lei>213800VB75KAZBFH5U07</lei>
        <title>CMC MARKETS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B14SKR37"/>
          <other otherDesc="Internal" value="B14SKR3"/>
        </identifiers>
        <balance>416070.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2083495.06000000</valUSD>
        <pctVal>0.014478301343</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Champion Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>CHAMPION REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK2778034606"/>
          <other otherDesc="Internal" value="B14WZ47"/>
        </identifiers>
        <balance>7223000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>2156733.71000000</valUSD>
        <pctVal>0.014987240033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Hotel REIT Investment Corporation</name>
        <lei>353800L8KG849FP1JI68</lei>
        <title>JAPAN HOTEL REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046400002"/>
          <other otherDesc="Internal" value="B1530B1"/>
        </identifiers>
        <balance>23069.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11528565.05000000</valUSD>
        <pctVal>0.080112519612</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>SBM Offshore N.V.</name>
        <lei>549300RDGCRYZ5QE6513</lei>
        <title>SBM OFFSHORE NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000360618"/>
          <other otherDesc="Internal" value="B156T57"/>
        </identifiers>
        <balance>540143.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>23108070.90000000</valUSD>
        <pctVal>0.160579029146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VBG GROUP AB (publ)</name>
        <lei>549300O1V2ZWY6W9GZ14</lei>
        <title>VBG GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000115107"/>
          <other otherDesc="Internal" value="B156Y18"/>
        </identifiers>
        <balance>68588.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>2507392.24000000</valUSD>
        <pctVal>0.017423982007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oesterreichische Post Aktiengesellschaft</name>
        <lei>529900MVUWACNUTK8467</lei>
        <title>OESTERREICHISCHE POST AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000APOST4"/>
          <other otherDesc="Internal" value="B1577G7"/>
        </identifiers>
        <balance>134250.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5053659.53000000</valUSD>
        <pctVal>0.035118108494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIE AUTOMOTIVE SOCIEDAD ANONIMA</name>
        <lei>95980020140005381252</lei>
        <title>CIE AUTOMOTIVE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105630315"/>
          <other otherDesc="Internal" value="B15CL93"/>
        </identifiers>
        <balance>162657.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5544859.56000000</valUSD>
        <pctVal>0.038531479704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIAGGIO &amp; C. S.P.A.</name>
        <lei>8156000256C2431C2E92</lei>
        <title>PIAGGIO C SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003073266"/>
          <other otherDesc="Internal" value="B15CPD5"/>
        </identifiers>
        <balance>714103.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1349441.07000000</valUSD>
        <pctVal>0.009377326988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1069570.70005200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHARTER HALL GROUP</name>
        <lei>N/A</lei>
        <title>CHARTER HALL GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CHC0"/>
          <other otherDesc="Internal" value="B15F6S6"/>
        </identifiers>
        <balance>1770620.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>26074293.13000000</valUSD>
        <pctVal>0.181191441493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DNO ASA</name>
        <lei>5967007LIEEXZXH3K072</lei>
        <title>DNO ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0003921009"/>
          <other otherDesc="Internal" value="B15GGN4"/>
        </identifiers>
        <balance>1715430.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>3706226.50000000</valUSD>
        <pctVal>0.025754735466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TGS ASA</name>
        <lei>549300NUPLAXPB0WYH90</lei>
        <title>TGS ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0003078800"/>
          <other otherDesc="Internal" value="B15SLC4"/>
        </identifiers>
        <balance>774676.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>12584189.23000000</valUSD>
        <pctVal>0.087448099752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Excellent, Inc.</name>
        <lei>35380015J62221TE0D86</lei>
        <title>JAPAN EXCELLENT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046420000"/>
          <other otherDesc="Internal" value="B15T1R2"/>
        </identifiers>
        <balance>4301.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3931353.84000000</valUSD>
        <pctVal>0.027319155527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daiwa Securities Living Investment Corporation</name>
        <lei>N/A</lei>
        <title>DAIWA SECURITIES LIVING INVESTMENTS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046410001"/>
          <other otherDesc="Internal" value="B15T1S3"/>
        </identifiers>
        <balance>8007.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5507166.51000000</valUSD>
        <pctVal>0.038269548996</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>Tecnicas Reunidas S.A.</name>
        <lei>213800JEZBUPZKWJGF49</lei>
        <title>TECNICAS REUNIDAS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0178165017"/>
          <other otherDesc="Internal" value="B16FTB9"/>
        </identifiers>
        <balance>173634.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>7194788.75000000</valUSD>
        <pctVal>0.049996912221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AUSTEVOLL SEAFOOD ASA</name>
        <lei>5967007LIEEXZXFFDC03</lei>
        <title>AUSTEVOLL SEAFOOD ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010073489"/>
          <other otherDesc="Internal" value="B16MKT5"/>
        </identifiers>
        <balance>365423.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>3698776.45000000</valUSD>
        <pctVal>0.025702964732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JET2 PLC</name>
        <lei>I72RQ3PNLDPW8R7JIJ56</lei>
        <title>JET2 PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1722W11"/>
          <other otherDesc="Internal" value="B1722W1"/>
        </identifiers>
        <balance>379909.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>5639628.50000000</valUSD>
        <pctVal>0.039190033352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Burckhardt Compression Holding AG</name>
        <lei>5067004N56DLX7GY3E95</lei>
        <title>BURCKHARDT COMPRESSION HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0025536027"/>
          <other otherDesc="Internal" value="B176416"/>
        </identifiers>
        <balance>12005.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>8038913.33000000</valUSD>
        <pctVal>0.055862772081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INVESTEC PLC</name>
        <lei>2138007Z3U5GWDN3MY22</lei>
        <title>INVESTEC PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B17BBQ50"/>
          <other otherDesc="Internal" value="B17BBQ5"/>
        </identifiers>
        <balance>2256684.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>19315219.52000000</valUSD>
        <pctVal>0.134222333473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SSAB AB</name>
        <lei>529900329VS14ZIML164</lei>
        <title>SSAB AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000171100"/>
          <other otherDesc="Internal" value="B17H0S8"/>
        </identifiers>
        <balance>910530.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>8194947.73000000</valUSD>
        <pctVal>0.056947062179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SSAB AB</name>
        <lei>529900329VS14ZIML164</lei>
        <title>SSAB AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000120669"/>
          <other otherDesc="Internal" value="B17H3F6"/>
        </identifiers>
        <balance>2465693.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>22449615.59000000</valUSD>
        <pctVal>0.156003393435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YANLORD LAND GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>YANLORD LAND GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1T57930854"/>
          <other otherDesc="Internal" value="B17KMY7"/>
        </identifiers>
        <balance>2207700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>1208826.19000000</valUSD>
        <pctVal>0.008400187832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="386625.07259000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frasers Centrepoint Trust</name>
        <lei>5493002RGQ266FKERZ83</lei>
        <title>FRASERS CENTREPOINT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1T60930966"/>
          <other otherDesc="Internal" value="B17NZ47"/>
        </identifiers>
        <balance>5269399.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>9710553.13000000</valUSD>
        <pctVal>0.067479072608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Catalyst Metals Ltd</name>
        <lei>9845002GB72C3J4A3E64</lei>
        <title>CATALYST METALS LTD</title>
        <cusip>Q2144G109</cusip>
        <identifiers>
          <isin value="AU000000CYL6"/>
          <other otherDesc="Internal" value="B17P5V0"/>
        </identifiers>
        <balance>966170.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3703925.61000000</valUSD>
        <pctVal>0.025738746477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1202275.92065000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wacker Neuson SE</name>
        <lei>529900RJL86244E1I652</lei>
        <title>WACKER NEUSON SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000WACK012"/>
          <other otherDesc="Internal" value="B17R248"/>
        </identifiers>
        <balance>112019.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2528932.74000000</valUSD>
        <pctVal>0.017573667915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINERAL RESOURCES LIMITED</name>
        <lei>5299007V1ACKFFX2P066</lei>
        <title>MINERAL RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000MIN4"/>
          <other otherDesc="Internal" value="B17ZL56"/>
        </identifiers>
        <balance>703029.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>33091799.03000000</valUSD>
        <pctVal>0.229956407177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui Fudosan Accommodations Fund Inc.</name>
        <lei>N/A</lei>
        <title>MITSUI FUDOSAN ACCOMMODATIONS FUND</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046440008"/>
          <other otherDesc="Internal" value="B182BB2"/>
        </identifiers>
        <balance>9486.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7919390.63000000</valUSD>
        <pctVal>0.055032203436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROTECTOR FORSIKRING ASA</name>
        <lei>5967007LIEEXZXAIO813</lei>
        <title>PROTECTOR FORSIKRING ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010209331"/>
          <other otherDesc="Internal" value="B182K93"/>
        </identifiers>
        <balance>211272.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>10686908.13000000</valUSD>
        <pctVal>0.074263807633</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IPSOS SA</name>
        <lei>9695002OY2X35E9X8W87</lei>
        <title>IPSOS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000073298"/>
          <other otherDesc="Internal" value="B188NJ2"/>
        </identifiers>
        <balance>142459.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6041652.11000000</valUSD>
        <pctVal>0.041983713589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JINS HOLDINGS Inc.</name>
        <lei>N/A</lei>
        <title>JINS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386110005"/>
          <other otherDesc="Internal" value="B18D6G5"/>
        </identifiers>
        <balance>47400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2007358.44000000</valUSD>
        <pctVal>0.013949224530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMOT INVESTMENTS LTD.</name>
        <lei>N/A</lei>
        <title>AMOT INVESTMENTS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010972789"/>
          <other otherDesc="Internal" value="B18MCB9"/>
        </identifiers>
        <balance>971133.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>6637964.45000000</valUSD>
        <pctVal>0.046127514992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Infomart Corp</name>
        <lei>N/A</lei>
        <title>INFOMART CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3153480003"/>
          <other otherDesc="Internal" value="B18RC03"/>
        </identifiers>
        <balance>765500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2125668.74000000</valUSD>
        <pctVal>0.014771368152</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>CDL Hospitality Trusts</name>
        <lei>N/A</lei>
        <title>CDL HOSPITALITY TRUSTS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1T66931158"/>
          <other otherDesc="Internal" value="B192HG8"/>
        </identifiers>
        <balance>3143000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>2004483.09000000</valUSD>
        <pctVal>0.013929243593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="371878.48863400"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BIC CAMERA INC.</name>
        <lei>N/A</lei>
        <title>BIC CAMERA INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3800390001"/>
          <other otherDesc="Internal" value="B194YN0"/>
        </identifiers>
        <balance>365600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3783180.86000000</valUSD>
        <pctVal>0.026289494792</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>DCM Holdings Co., Ltd.</name>
        <lei>353800S1QF5V2DN70A36</lei>
        <title>DCM HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3548660004"/>
          <other otherDesc="Internal" value="B1B0V35"/>
        </identifiers>
        <balance>381700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3562094.47000000</valUSD>
        <pctVal>0.024753155475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RTL Group S.A.</name>
        <lei>5493000C8J3C3SZYS040</lei>
        <title>RTL GROUP SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU0061462528"/>
          <other otherDesc="Internal" value="B1BK209"/>
        </identifiers>
        <balance>152004.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5842581.89000000</valUSD>
        <pctVal>0.040600365632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIXI, Inc.</name>
        <lei>N/A</lei>
        <title>MIXI INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3882750007"/>
          <other otherDesc="Internal" value="B1BSCX6"/>
        </identifiers>
        <balance>140900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2327546.10000000</valUSD>
        <pctVal>0.016174223051</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>JAC Recruitment Co Ltd</name>
        <lei>N/A</lei>
        <title>JAC RECRUITMENT CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386130003"/>
          <other otherDesc="Internal" value="B1CC1X0"/>
        </identifiers>
        <balance>276400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1525796.21000000</valUSD>
        <pctVal>0.010602826827</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>DUNELM GROUP PLC</name>
        <lei>213800WCOWEI3T5DUV19</lei>
        <title>DUNELM GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1CKQ739"/>
          <other otherDesc="Internal" value="B1CKQ73"/>
        </identifiers>
        <balance>513258.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>5252085.91000000</valUSD>
        <pctVal>0.036496982377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STARHUB LTD.</name>
        <lei>254900993L0UTJFD3A68</lei>
        <title>STARHUB LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1V12936232"/>
          <other otherDesc="Internal" value="B1CNDB5"/>
        </identifiers>
        <balance>2470400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>2057372.72000000</valUSD>
        <pctVal>0.014296776022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1949607.16382600"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Nomura Real Estate Holdings, Inc.</name>
        <lei>353800UZ91CT24OL9P59</lei>
        <title>NOMURA REAL ESTATE HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3762900003"/>
          <other otherDesc="Internal" value="B1CWJM5"/>
        </identifiers>
        <balance>2171400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>14166751.61000000</valUSD>
        <pctVal>0.098445397261</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>Yamaguchi Financial Group, Inc.</name>
        <lei>353800898JPV95YSY548</lei>
        <title>YAMAGUCHI FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3935300008"/>
          <other otherDesc="Internal" value="B1DGKS9"/>
        </identifiers>
        <balance>696100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11961062.90000000</valUSD>
        <pctVal>0.083117966720</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>Nihon M&amp;A Center Holdings Inc.</name>
        <lei>N/A</lei>
        <title>NIHON M A CENTER HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3689050007"/>
          <other otherDesc="Internal" value="B1DN466"/>
        </identifiers>
        <balance>1129500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4730597.96000000</valUSD>
        <pctVal>0.032873139042</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>MIRAI INDUSTRY CO.,LTD.</name>
        <lei>N/A</lei>
        <title>MIRAI INDUSTRY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3910600000"/>
          <other otherDesc="Internal" value="B1DRQG2"/>
        </identifiers>
        <balance>30100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>573750.58000000</valUSD>
        <pctVal>0.003987018713</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>MITCHELLS &amp; BUTLERS PLC</name>
        <lei>213800JHYNDNB1NS2W10</lei>
        <title>MITCHELLS BUTLERS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1FP6H53"/>
          <other otherDesc="Internal" value="B1FP6H5"/>
        </identifiers>
        <balance>1049190.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3590627.77000000</valUSD>
        <pctVal>0.024951434666</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Verbio SE</name>
        <lei>529900W51PINCFFALS96</lei>
        <title>VERBIO SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A0JL9W6"/>
          <other otherDesc="Internal" value="B1FQQK1"/>
        </identifiers>
        <balance>87333.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3868287.66000000</valUSD>
        <pctVal>0.026880905792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOCHSCHILD MINING PLC</name>
        <lei>549300JK10TVQ3CCJQ89</lei>
        <title>HOCHSCHILD MINING PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1FW5029"/>
          <other otherDesc="Internal" value="B1FW502"/>
        </identifiers>
        <balance>1318447.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>11256330.30000000</valUSD>
        <pctVal>0.078220748030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONTEA NV</name>
        <lei>5493006K5LQDD0GK1T60</lei>
        <title>MONTEA NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003853703"/>
          <other otherDesc="Internal" value="B1FWD64"/>
        </identifiers>
        <balance>81296.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6717446.40000000</valUSD>
        <pctVal>0.046679838655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Riverstone Holdings Ltd</name>
        <lei>N/A</lei>
        <title>RIVERSTONE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1U22933048"/>
          <other otherDesc="Internal" value="B1G16Z0"/>
        </identifiers>
        <balance>2275300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>1333345.20000000</valUSD>
        <pctVal>0.009265476060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1069699.96399400"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aozora Bank, Ltd.</name>
        <lei>X0XUGKC9FD2CYUQNC010</lei>
        <title>AOZORA BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3711200000"/>
          <other otherDesc="Internal" value="B1G1854"/>
        </identifiers>
        <balance>414300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6684557.95000000</valUSD>
        <pctVal>0.046451295330</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>AEDIFICA NV</name>
        <lei>529900DTKNXL0AXQFN28</lei>
        <title>AEDIFICA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003851681"/>
          <other otherDesc="Internal" value="B1G5XP1"/>
        </identifiers>
        <balance>327732.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>27628249.27000000</valUSD>
        <pctVal>0.191989952947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Polar Capital Holdings PLC</name>
        <lei>549300OXX7YE1947B825</lei>
        <title>POLAR CAPITAL HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1GCLT25"/>
          <other otherDesc="Internal" value="B1GCLT2"/>
        </identifiers>
        <balance>354856.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3288346.08000000</valUSD>
        <pctVal>0.022850865540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORI HILLS REIT INVESTMENT CORPORATION</name>
        <lei>N/A</lei>
        <title>MORI HILLS REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046470005"/>
          <other otherDesc="Internal" value="B1GF9P3"/>
        </identifiers>
        <balance>5691.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4878005.24000000</valUSD>
        <pctVal>0.033897478893</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>DUSKIN CO., LTD.</name>
        <lei>N/A</lei>
        <title>DUSKIN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3505900005"/>
          <other otherDesc="Internal" value="B1GVJ73"/>
        </identifiers>
        <balance>154900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3898725.67000000</valUSD>
        <pctVal>0.027092420899</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>KYOEI STEEL LTD.</name>
        <lei>N/A</lei>
        <title>KYOEI STEEL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3247400009"/>
          <other otherDesc="Internal" value="B1HHF49"/>
        </identifiers>
        <balance>73800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>896263.40000000</valUSD>
        <pctVal>0.006228174876</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>CLARIANE SE</name>
        <lei>969500WEPS61H6TJM037</lei>
        <title>KORIAN SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010386334"/>
          <other otherDesc="Internal" value="B1HKRM0"/>
        </identifiers>
        <balance>426842.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2029201.94000000</valUSD>
        <pctVal>0.014101015999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANCA GENERALI - SOCIETA PER AZIONI</name>
        <lei>815600903231FA2E7698</lei>
        <title>BANCA GENERALI SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001031084"/>
          <other otherDesc="Internal" value="B1HKSV6"/>
        </identifiers>
        <balance>230420.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>15113541.79000000</valUSD>
        <pctVal>0.105024685016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand China Trust</name>
        <lei>5493007T7JU82E186P49</lei>
        <title>CAPITALAND CHINA TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1U25933169"/>
          <other otherDesc="Internal" value="B1HL3P8"/>
        </identifiers>
        <balance>4877934.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>2550741.17000000</valUSD>
        <pctVal>0.017725215681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1140942.92863200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lindab International AB</name>
        <lei>54930085MH6IRQ1JP227</lei>
        <title>LINDAB INTERNATIONAL AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0001852419"/>
          <other otherDesc="Internal" value="B1HP071"/>
        </identifiers>
        <balance>297812.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>4927320.28000000</valUSD>
        <pctVal>0.034240171335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIONTOWN LIMITED</name>
        <lei>529900LT0V2IEL7WZY56</lei>
        <title>LIONTOWN LIMITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000LTR4"/>
          <other otherDesc="Internal" value="B1J89V5"/>
        </identifiers>
        <balance>7535386.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>13193650.18000000</valUSD>
        <pctVal>0.091683271441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AFRICA ISRAEL RESIDENCES LTD</name>
        <lei>N/A</lei>
        <title>AFRICA ISRAEL RESIDENCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010979487"/>
          <other otherDesc="Internal" value="B1JLLZ2"/>
        </identifiers>
        <balance>25332.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>2029414.62000000</valUSD>
        <pctVal>0.014102493921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="974731.07853800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>ASCOPIAVE S.P.A.</name>
        <lei>815600ABFF26D15A4920</lei>
        <title>ASCOPIAVE SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0004093263"/>
          <other otherDesc="Internal" value="B1JMNT3"/>
        </identifiers>
        <balance>272720.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1115137.59000000</valUSD>
        <pctVal>0.007749141516</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chemometec A/S</name>
        <lei>213800533NBKECGONO68</lei>
        <title>CHEMOMETEC A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060055861"/>
          <other otherDesc="Internal" value="B1KBGS9"/>
        </identifiers>
        <balance>68550.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>3456435.45000000</valUSD>
        <pctVal>0.024018926169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BIG SHOPPING CENTERS LTD</name>
        <lei>N/A</lei>
        <title>BIG SHOPPING CENTERS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010972607"/>
          <other otherDesc="Internal" value="B1KZR22"/>
        </identifiers>
        <balance>63511.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>16754773.45000000</valUSD>
        <pctVal>0.116429678003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UBISOFT ENTERTAINMENT SA</name>
        <lei>969500I7C8V1LBIMSM05</lei>
        <title>UBISOFT ENTERTAINMENT SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000054470"/>
          <other otherDesc="Internal" value="B1L3CS6"/>
        </identifiers>
        <balance>366114.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2135838.11000000</valUSD>
        <pctVal>0.014842035564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2093362.16731800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>PAZ RETAIL AND ENERGY LTD</name>
        <lei>N/A</lei>
        <title>PAZ RETAIL AND ENERGY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011000077"/>
          <other otherDesc="Internal" value="B1L3K60"/>
        </identifiers>
        <balance>39977.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>11052923.42000000</valUSD>
        <pctVal>0.076807264427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUBE HOLDINGS LIMITED</name>
        <lei>391200RT2MUFEO3RFW25</lei>
        <title>QUBE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000QUB5"/>
          <other otherDesc="Internal" value="B1L4BC6"/>
        </identifiers>
        <balance>6506303.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>23690241.86000000</valUSD>
        <pctVal>0.164624561461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE RANK GROUP PLC</name>
        <lei>213800TXKD6XZWOFTE12</lei>
        <title>RANK GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1L5QH97"/>
          <other otherDesc="Internal" value="B1L5QH9"/>
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        <balance>690737.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>895743.93000000</valUSD>
        <pctVal>0.006224565056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCOR SE</name>
        <lei>96950056ULJ4JI7V3752</lei>
        <title>SCOR SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010411983"/>
          <other otherDesc="Internal" value="B1LB9P6"/>
        </identifiers>
        <balance>636053.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>23732910.55000000</valUSD>
        <pctVal>0.164921068116</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAFESTORE HOLDINGS PLC</name>
        <lei>213800WGA3YSJC1YOH73</lei>
        <title>SAFESTORE HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1N7Z094"/>
          <other otherDesc="Internal" value="B1N7Z09"/>
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        <balance>855318.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>7780495.87000000</valUSD>
        <pctVal>0.054067017471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLUE SQUARE REAL ESTATE LTD</name>
        <lei>N/A</lei>
        <title>BLUE SQUARE REAL ESTATE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010985658"/>
          <other otherDesc="Internal" value="B1NV2H7"/>
        </identifiers>
        <balance>23024.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>3088626.86000000</valUSD>
        <pctVal>0.021463007653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REIT 1 LTD</name>
        <lei>N/A</lei>
        <title>REIT 1 LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0010989205"/>
          <other otherDesc="Internal" value="B1NYV46"/>
        </identifiers>
        <balance>795492.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>6983168.86000000</valUSD>
        <pctVal>0.048526356040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TS TECH CO., LTD.</name>
        <lei>N/A</lei>
        <title>TS TECH CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3539230007"/>
          <other otherDesc="Internal" value="B1P1JR4"/>
        </identifiers>
        <balance>323500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3543200.96000000</valUSD>
        <pctVal>0.024621863620</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Keppel Infrastructure Trust</name>
        <lei>254900BF7L1ZCMAZS467</lei>
        <title>KEPPEL INFRASTRUCTURE TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1U48933923"/>
          <other otherDesc="Internal" value="B1P31B8"/>
        </identifiers>
        <balance>16930490.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>7182954.59000000</valUSD>
        <pctVal>0.049914676108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE UNITED LABORATORIES INTERNATIONAL HOLDINGS LIMITED</name>
        <lei>2549007JL3XIH77JXN70</lei>
        <title>UNITED LABORATORIES INTERNATIONAL HOLDINGS LTD THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8813K1085"/>
          <other otherDesc="Internal" value="B1P70H9"/>
        </identifiers>
        <balance>4258000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>5120218.79000000</valUSD>
        <pctVal>0.035580631800</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1065409.54625000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FRASERS GROUP PLC</name>
        <lei>213800JEGHHEAXIJDX34</lei>
        <title>FRASERS GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1QH8P22"/>
          <other otherDesc="Internal" value="B1QH8P2"/>
        </identifiers>
        <balance>434051.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3871610.96000000</valUSD>
        <pctVal>0.026903999554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OIL REFINERIES LTD.</name>
        <lei>213800CWUC7NV7VR3D03</lei>
        <title>OIL REFINERIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0025902482"/>
          <other otherDesc="Internal" value="B1S0581"/>
        </identifiers>
        <balance>8937032.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>4571976.68000000</valUSD>
        <pctVal>0.031770872598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>freenet AG</name>
        <lei>5299003GLDODCVP8DO20</lei>
        <title>FREENET AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A0Z2ZZ5"/>
          <other otherDesc="Internal" value="B1SK0S6"/>
        </identifiers>
        <balance>465947.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>14840316.25000000</valUSD>
        <pctVal>0.103126028389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fukuoka Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>FUKUOKA FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3805010000"/>
          <other otherDesc="Internal" value="B1TK1Y8"/>
        </identifiers>
        <balance>676800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>27629125.00000000</valUSD>
        <pctVal>0.191996038434</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>Ai Holdings Corporation</name>
        <lei>N/A</lei>
        <title>AI HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3105090009"/>
          <other otherDesc="Internal" value="B1TK201"/>
        </identifiers>
        <balance>150400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2592466.53000000</valUSD>
        <pctVal>0.018015167093</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>SKY Perfect JSAT Corporation</name>
        <lei>5299009SAF34W9TVEF26</lei>
        <title>SKY PERFECT JSAT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3396350005"/>
          <other otherDesc="Internal" value="B1TK234"/>
        </identifiers>
        <balance>646800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>14121405.24000000</valUSD>
        <pctVal>0.098130283286</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>UT Group Co., Ltd.</name>
        <lei>N/A</lei>
        <title>UT GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3949500007"/>
          <other otherDesc="Internal" value="B1V04K3"/>
        </identifiers>
        <balance>1805000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2137477.69000000</valUSD>
        <pctVal>0.014853429079</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>HILTON FOOD GROUP PLC</name>
        <lei>213800JY7VJFS2OOX355</lei>
        <title>HILTON FOOD GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1V9NW54"/>
          <other otherDesc="Internal" value="B1V9NW5"/>
        </identifiers>
        <balance>313997.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2300856.12000000</valUSD>
        <pctVal>0.015988753174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CITIC Telecom International Holdings Limited</name>
        <lei>N/A</lei>
        <title>CITIC TELECOM INTERNATIONAL HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK1883037637"/>
          <other otherDesc="Internal" value="B1VKZ88"/>
        </identifiers>
        <balance>6761000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>2399691.03000000</valUSD>
        <pctVal>0.016675561431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DRAX GROUP PLC</name>
        <lei>549300YPSNTXR4ZHSR98</lei>
        <title>DRAX GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1VNSX38"/>
          <other otherDesc="Internal" value="B1VNSX3"/>
        </identifiers>
        <balance>1369424.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>16465385.19000000</valUSD>
        <pctVal>0.114418705904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sligro Food Group N.V.</name>
        <lei>724500YLB8OA6WK5CH48</lei>
        <title>SLIGRO FOOD GROUP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000817179"/>
          <other otherDesc="Internal" value="B1VV9V2"/>
        </identifiers>
        <balance>95624.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1458978.01000000</valUSD>
        <pctVal>0.010138504135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sirius Real Estate Limited</name>
        <lei>213800NURUF5W8QSK566</lei>
        <title>SIRIUS REAL ESTATE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GG00B1W3VF54"/>
          <other otherDesc="Internal" value="B1W3VF5"/>
        </identifiers>
        <balance>5839680.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>7954289.26000000</valUSD>
        <pctVal>0.055274715593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ence Energia y Celulosa, S.A.</name>
        <lei>95980020140005309084</lei>
        <title>ENCE ENERGIA Y CELULOSA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0130625512"/>
          <other otherDesc="Internal" value="B1W7BK2"/>
        </identifiers>
        <balance>463141.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1332788.86000000</valUSD>
        <pctVal>0.009261610028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1285430.26667800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aalberts N.V.</name>
        <lei>549300EMP9DT6Q35HZ31</lei>
        <title>AALBERTS NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000852564"/>
          <other otherDesc="Internal" value="B1W8P14"/>
        </identifiers>
        <balance>384199.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>14594400.65000000</valUSD>
        <pctVal>0.101417149769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nanosonics Ltd</name>
        <lei>549300XUBCM70BRANN81</lei>
        <title>NANOSONICS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NAN9"/>
          <other otherDesc="Internal" value="B1WF979"/>
        </identifiers>
        <balance>1034055.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2592154.65000000</valUSD>
        <pctVal>0.018012999825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1751849.88426100"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TKH Group N.V.</name>
        <lei>7245008G22FOV7TYYJ34</lei>
        <title>TKH GROUP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000852523"/>
          <other otherDesc="Internal" value="B1WFDQ6"/>
        </identifiers>
        <balance>150810.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>7728908.98000000</valUSD>
        <pctVal>0.053708537841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DAMPSKIBSSELSKABET NORDEN A/S</name>
        <lei>529900RGXD3CBR3BRU63</lei>
        <title>D S NORDEN A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060083210"/>
          <other otherDesc="Internal" value="B1WP656"/>
        </identifiers>
        <balance>80148.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>3792624.18000000</valUSD>
        <pctVal>0.026355116849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Andritz AG</name>
        <lei>549300VZKC61IR5U8G96</lei>
        <title>ANDRITZ AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000730007"/>
          <other otherDesc="Internal" value="B1WVF68"/>
        </identifiers>
        <balance>267852.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>22759549.00000000</valUSD>
        <pctVal>0.158157134710</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swissquote Group Holding Ltd</name>
        <lei>549300O3WME82RDPEN66</lei>
        <title>SWISSQUOTE GROUP HOLDING SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0010675863"/>
          <other otherDesc="Internal" value="B1X3KP7"/>
        </identifiers>
        <balance>42407.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>21461706.97000000</valUSD>
        <pctVal>0.149138371783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Open Up Group Inc.</name>
        <lei>N/A</lei>
        <title>OPEN UP GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3635580008"/>
          <other otherDesc="Internal" value="B1XC021"/>
        </identifiers>
        <balance>224631.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2510310.20000000</valUSD>
        <pctVal>0.017444259043</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>WHITEHAVEN COAL LIMITED</name>
        <lei>N/A</lei>
        <title>WHITEHAVEN COAL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000WHC8"/>
          <other otherDesc="Internal" value="B1XQXC4"/>
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        <balance>3097417.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>18927170.20000000</valUSD>
        <pctVal>0.131525761209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZIGNAGO VETRO S.P.A.</name>
        <lei>815600DFC29A91FF0C71</lei>
        <title>ZIGNAGO VETRO SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0004171440"/>
          <other otherDesc="Internal" value="B1Y0SZ3"/>
        </identifiers>
        <balance>126965.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1049047.52000000</valUSD>
        <pctVal>0.007289878632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="570136.85679100"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KOSHIDAKA HOLDINGS Co., LTD.</name>
        <lei>N/A</lei>
        <title>KOSHIDAKA HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3297360004"/>
          <other otherDesc="Internal" value="B1Y3VL9"/>
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        <balance>202800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1292800.61000000</valUSD>
        <pctVal>0.008983729872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gerresheimer AG</name>
        <lei>5299006GD4UWSYZOKC28</lei>
        <title>GERRESHEIMER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A0LD6E6"/>
          <other otherDesc="Internal" value="B1Y47Y7"/>
        </identifiers>
        <balance>130596.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3761342.84000000</valUSD>
        <pctVal>0.026137741404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3672548.23698000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>GROWTHPOINT PROPERTIES AUSTRALIA LIMITED</name>
        <lei>N/A</lei>
        <title>GROWTHPOINT PROPERTIES AUSTRALIA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000GOZ8"/>
          <other otherDesc="Internal" value="B1Y9BC8"/>
        </identifiers>
        <balance>1036327.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>1640173.15000000</valUSD>
        <pctVal>0.011397637353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPAGNIE DES ALPES S.A.</name>
        <lei>96950029IN3GW457GG90</lei>
        <title>CIE DES ALPES</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000053324"/>
          <other otherDesc="Internal" value="B1YBWR6"/>
        </identifiers>
        <balance>79614.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2069672.66000000</valUSD>
        <pctVal>0.014382248861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ARGAN SA</name>
        <lei>529900FXM41XSCUSGH04</lei>
        <title>ARGAN SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010481960"/>
          <other otherDesc="Internal" value="B1YKDN6"/>
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        <balance>47786.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3446665.87000000</valUSD>
        <pctVal>0.023951036916</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Solaria Energia y Medio Ambiente, S.A.</name>
        <lei>959800PM2YJU406K2789</lei>
        <title>SOLARIA ENERGIA Y MEDIO AMBIENTE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0165386014"/>
          <other otherDesc="Internal" value="B1YVKJ4"/>
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        <balance>297142.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>8473450.42000000</valUSD>
        <pctVal>0.058882389960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KBC ANCORA NV</name>
        <lei>549300I4XZ0RR3ZOSZ55</lei>
        <title>KBC ANCORA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003867844"/>
          <other otherDesc="Internal" value="B1YWXY3"/>
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        <balance>152173.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>13890842.36000000</valUSD>
        <pctVal>0.096528091412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Almirall, S.A.</name>
        <lei>95980020140005007996</lei>
        <title>ALMIRALL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0157097017"/>
          <other otherDesc="Internal" value="B1YY662"/>
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        <balance>294967.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4366393.36000000</valUSD>
        <pctVal>0.030342264815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Daetwyler Holding AG</name>
        <lei>52990096G2IJ89SWI669</lei>
        <title>DAETWYLER HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0030486770"/>
          <other otherDesc="Internal" value="B1Z4WD0"/>
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        <balance>29651.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
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        <pctVal>0.041401732721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PPHE Hotel Group Limited</name>
        <lei>2138003H1BZGR6KM5823</lei>
        <title>PPHE HOTEL GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GG00B1Z5FH87"/>
          <other otherDesc="Internal" value="B1Z5FH8"/>
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        <balance>87820.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1802566.25000000</valUSD>
        <pctVal>0.012526114345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Stella International Holdings Ltd</name>
        <lei>N/A</lei>
        <title>STELLA INTERNATIONAL HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG846981028"/>
          <other otherDesc="Internal" value="B1Z6560"/>
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        <balance>2333000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>4426221.51000000</valUSD>
        <pctVal>0.030758013333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="160315.35259100"/>
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      <invstOrSec>
        <name>Tri Chemical Laboratories Inc.</name>
        <lei>353800S3OPTEAPIHHJ16</lei>
        <title>TRI CHEMICAL LABORATORIES INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3636000006"/>
          <other otherDesc="Internal" value="B1Z8XW8"/>
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        <balance>101900.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.014730630417</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>AMG Critical Materials N.V.</name>
        <lei>5493006MN6OH67U2YI74</lei>
        <title>AMG CRITICAL MATERIALS NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000888691"/>
          <other otherDesc="Internal" value="B1Z95S1"/>
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        <balance>120655.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5092735.67000000</valUSD>
        <pctVal>0.035389650357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MONY Group plc</name>
        <lei>54930016B7VO33FBE722</lei>
        <title>MONY GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B1ZBKY84"/>
          <other otherDesc="Internal" value="B1ZBKY8"/>
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        <balance>1943847.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
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        <pctVal>0.032681142135</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAEDA KOSEN CO., LTD.</name>
        <lei>353800PBX8SI9I66NP60</lei>
        <title>MAEDA KOSEN CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3861250003"/>
          <other otherDesc="Internal" value="B1ZBYD5"/>
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        <balance>176300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>REN - Redes Energeticas Nacionais, SGPS, S. A.</name>
        <lei>549300FR1FN48IGHR915</lei>
        <title>REN REDES ENERGETICAS NACIONAIS SGPS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PTREL0AM0008"/>
          <other otherDesc="Internal" value="B233HR5"/>
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        <balance>1461999.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6477426.88000000</valUSD>
        <pctVal>0.045011932162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DIASORIN S.P.A.</name>
        <lei>8156002878BDF0EE4348</lei>
        <title>DIASORIN SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003492391"/>
          <other otherDesc="Internal" value="B234WN9"/>
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        <balance>88561.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6042087.37000000</valUSD>
        <pctVal>0.041986738230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PLS GROUP LIMITED</name>
        <lei>5299000VV1CZVF5K9C16</lei>
        <title>PLS GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000PLS0"/>
          <other otherDesc="Internal" value="B2368L5"/>
        </identifiers>
        <balance>12672351.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>56384525.15000000</valUSD>
        <pctVal>0.391818613793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="16785655.81692400"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLUENORD ASA</name>
        <lei>5967007LIEEXZXGE3C16</lei>
        <title>BLUENORD ASA</title>
        <cusip>R6333Z108</cusip>
        <identifiers>
          <isin value="NO0010379266"/>
          <other otherDesc="Internal" value="B23D2M5"/>
        </identifiers>
        <balance>89602.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>5702761.02000000</valUSD>
        <pctVal>0.039628744087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand India Trust</name>
        <lei>N/A</lei>
        <title>CAPITALAND INDIA TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1V35936920"/>
          <other otherDesc="Internal" value="B23DMQ9"/>
        </identifiers>
        <balance>4085942.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>3370709.54000000</valUSD>
        <pctVal>0.023423212946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="18891.42050100"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GENESIS MINERALS LIMITED</name>
        <lei>894500AK5BVRCNP0FP48</lei>
        <title>GENESIS MINERALS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000GMD9"/>
          <other otherDesc="Internal" value="B23G0X1"/>
        </identifiers>
        <balance>4058791.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>17488923.76000000</valUSD>
        <pctVal>0.121531321690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITO EN,LTD.</name>
        <lei>N/A</lei>
        <title>ITO EN LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3143000101"/>
          <other otherDesc="Internal" value="B23PWV0"/>
        </identifiers>
        <balance>76100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>874964.07000000</valUSD>
        <pctVal>0.006080164869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GNI Group Ltd.</name>
        <lei>5299005KSTCN0WVJMQ52</lei>
        <title>GNI GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386370005"/>
          <other otherDesc="Internal" value="B23QC91"/>
        </identifiers>
        <balance>218797.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4120705.37000000</valUSD>
        <pctVal>0.028634967868</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>J. FRONT RETAILING Co., Ltd.</name>
        <lei>N/A</lei>
        <title>J FRONT RETAILING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386380004"/>
          <other otherDesc="Internal" value="B23TC12"/>
        </identifiers>
        <balance>957400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13933149.03000000</valUSD>
        <pctVal>0.096822082374</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>CELLCOM ISRAEL LTD.</name>
        <lei>N/A</lei>
        <title>CELLCOM ISRAEL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011015349"/>
          <other otherDesc="Internal" value="B23WQK8"/>
        </identifiers>
        <balance>455662.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>5597182.80000000</valUSD>
        <pctVal>0.038895076264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Parkway Life Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>PARKWAY LIFE REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1V52937132"/>
          <other otherDesc="Internal" value="B23WXW9"/>
        </identifiers>
        <balance>1887300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>5971650.15000000</valUSD>
        <pctVal>0.041497266805</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NRW HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>NRW HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NWH5"/>
          <other otherDesc="Internal" value="B23XW70"/>
        </identifiers>
        <balance>1721535.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>7675936.14000000</valUSD>
        <pctVal>0.053340427181</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRANEWARE PLC</name>
        <lei>213800O2CTJ1YFXNXG05</lei>
        <title>CRANEWARE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B2425G68"/>
          <other otherDesc="Internal" value="B2425G6"/>
        </identifiers>
        <balance>119396.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2476013.44000000</valUSD>
        <pctVal>0.017205929307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nomura Micro Science Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NOMURA MICRO SCIENCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3762950008"/>
          <other otherDesc="Internal" value="B248ZF3"/>
        </identifiers>
        <balance>111400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2626597.11000000</valUSD>
        <pctVal>0.018252342037</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>DOUTOR NICHIRES Holdings Co., Ltd.</name>
        <lei>N/A</lei>
        <title>DOUTOR NICHIRES HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3639100001"/>
          <other otherDesc="Internal" value="B249GF3"/>
        </identifiers>
        <balance>111600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1971424.30000000</valUSD>
        <pctVal>0.013699516567</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>Industrial &amp; Infrastructure Fund Investment Corporation</name>
        <lei>353800WCHFY04YKYCI19</lei>
        <title>INDUSTRIAL INFRASTRUCTURE FUND INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3046500009"/>
          <other otherDesc="Internal" value="B24HH65"/>
        </identifiers>
        <balance>9599.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8984524.57000000</valUSD>
        <pctVal>0.062433867328</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>FAGRON NV</name>
        <lei>549300TRKRUFK2RRG779</lei>
        <title>FAGRON</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003874915"/>
          <other otherDesc="Internal" value="B281L72"/>
        </identifiers>
        <balance>261046.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>7364088.96000000</valUSD>
        <pctVal>0.051173387032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CVS GROUP PLC</name>
        <lei>213800J41XDQ2NX48O05</lei>
        <title>CVS GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B2863827"/>
          <other otherDesc="Internal" value="B286382"/>
        </identifiers>
        <balance>279642.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>4402648.48000000</valUSD>
        <pctVal>0.030594203283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FLUIDRA S.A.</name>
        <lei>95980020140005026620</lei>
        <title>FLUIDRA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0137650018"/>
          <other otherDesc="Internal" value="B28V440"/>
        </identifiers>
        <balance>378359.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>8854223.03000000</valUSD>
        <pctVal>0.061528396037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hypoport SE</name>
        <lei>391200GNIFXXP6KRYQ46</lei>
        <title>HYPOPORT SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005493365"/>
          <other otherDesc="Internal" value="B28XLF6"/>
        </identifiers>
        <balance>16186.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1563365.66000000</valUSD>
        <pctVal>0.010863898633</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1412592.53537000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIB HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>NIB HOLDINGS LTD AUSTRALIA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NHF0"/>
          <other otherDesc="Internal" value="B28ZM60"/>
        </identifiers>
        <balance>1931153.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>9326269.48000000</valUSD>
        <pctVal>0.064808668154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pasona Group Inc.</name>
        <lei>3538002LRFQSFLGGLX89</lei>
        <title>PASONA GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3781490002"/>
          <other otherDesc="Internal" value="B291KH4"/>
        </identifiers>
        <balance>71100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>740914.23000000</valUSD>
        <pctVal>0.005148646472</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>FIRST RESOURCES LIMITED</name>
        <lei>5493007RRD817HUP4O49</lei>
        <title>FIRST RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1W35938974"/>
          <other otherDesc="Internal" value="B2927P4"/>
        </identifiers>
        <balance>2178800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>5985172.33000000</valUSD>
        <pctVal>0.041591233045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Laboratorios Farmaceuticos ROVI SA</name>
        <lei>95980020140005936480</lei>
        <title>LABORATORIOS FARMACEUTICOS ROVI SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0157261019"/>
          <other otherDesc="Internal" value="B29F9S0"/>
        </identifiers>
        <balance>72580.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6784252.44000000</valUSD>
        <pctVal>0.047144076847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VGP NV</name>
        <lei>315700NENYPIXFR94T49</lei>
        <title>VGP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003878957"/>
          <other otherDesc="Internal" value="B29L881"/>
        </identifiers>
        <balance>53310.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5472959.06000000</valUSD>
        <pctVal>0.038031839880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHO-BOND Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>SHO BOND HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3360250009"/>
          <other otherDesc="Internal" value="B29T1W0"/>
        </identifiers>
        <balance>618100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5228326.11000000</valUSD>
        <pctVal>0.036331874453</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>MEGA OR HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>MEGA OR HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011044885"/>
          <other otherDesc="Internal" value="B2N78D0"/>
        </identifiers>
        <balance>93805.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>19188020.45000000</valUSD>
        <pctVal>0.133338421387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="250167.35792700"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YOUNG &amp; CO'S BREWERY PLC</name>
        <lei>213800JMZDORXCMKFW06</lei>
        <title>YOUNG CO S BREWERY PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B2NDK765"/>
          <other otherDesc="Internal" value="B2NDK76"/>
        </identifiers>
        <balance>126163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1318473.73000000</valUSD>
        <pctVal>0.009162133543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PARAGON BANKING GROUP PLC</name>
        <lei>213800S1TDKIB1IUTS72</lei>
        <title>PARAGON BANKING GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B2NGPM57"/>
          <other otherDesc="Internal" value="B2NGPM5"/>
        </identifiers>
        <balance>767135.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>7813432.34000000</valUSD>
        <pctVal>0.054295894490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SJM Holdings Limited</name>
        <lei>529900XEAB40COT5ZL30</lei>
        <title>SJM HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0880043028"/>
          <other otherDesc="Internal" value="B2NR3Y6"/>
        </identifiers>
        <balance>11130000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>2940074.31000000</valUSD>
        <pctVal>0.020430709268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2486515.67655100"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Seven Bank, Ltd.</name>
        <lei>353800WMG1NLGHB7B594</lei>
        <title>SEVEN BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3105220002"/>
          <other otherDesc="Internal" value="B2NT8S1"/>
        </identifiers>
        <balance>2394200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4042901.20000000</valUSD>
        <pctVal>0.028094303174</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>WH SMITH PLC</name>
        <lei>2138001KJNGUJ34G7X91</lei>
        <title>WH SMITH PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B2PDGW16"/>
          <other otherDesc="Internal" value="B2PDGW1"/>
        </identifiers>
        <balance>493019.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3463365.58000000</valUSD>
        <pctVal>0.024067083956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMS CO., LTD.</name>
        <lei>N/A</lei>
        <title>SMS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3162350007"/>
          <other otherDesc="Internal" value="B2PLYM1"/>
        </identifiers>
        <balance>263700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3004486.29000000</valUSD>
        <pctVal>0.020878311029</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>The Monogatari Corporation</name>
        <lei>N/A</lei>
        <title>MONOGATARI CORP THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3922930007"/>
          <other otherDesc="Internal" value="B2PWSL1"/>
        </identifiers>
        <balance>123600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3324836.07000000</valUSD>
        <pctVal>0.023104436129</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>Isetan Mitsukoshi Holdings Ltd.</name>
        <lei>N/A</lei>
        <title>ISETAN MITSUKOSHI HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3894900004"/>
          <other otherDesc="Internal" value="B2Q4CL4"/>
        </identifiers>
        <balance>1230500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>23383289.00000000</valUSD>
        <pctVal>0.162491532163</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>SELLA CAPITAL REAL ESTATE LTD</name>
        <lei>N/A</lei>
        <title>SELLA CAPITAL REAL ESTATE LTD</title>
        <cusip>M8274U101</cusip>
        <identifiers>
          <isin value="IL0011096448"/>
          <other otherDesc="Internal" value="B2QF712"/>
        </identifiers>
        <balance>955638.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>3572588.98000000</valUSD>
        <pctVal>0.024826082299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AT &amp; S Austria Technologie &amp; Systemtechnik Aktiengesellschaft</name>
        <lei>529900EVOKN4LCCD9321</lei>
        <title>AT S AUSTRIA TECHNOLOGIE SYSTEMTECHNIK AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000969985"/>
          <other otherDesc="Internal" value="B2RK5K1"/>
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        <balance>99509.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>11022974.19000000</valUSD>
        <pctVal>0.076599145874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMA Solar Technology AG</name>
        <lei>529900Q6JQHI8X451Q21</lei>
        <title>SMA SOLAR TECHNOLOGY AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A0DJ6J9"/>
          <other otherDesc="Internal" value="B3B20H2"/>
        </identifiers>
        <balance>61435.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3936488.22000000</valUSD>
        <pctVal>0.027354834566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Neto Malinda Trading Ltd</name>
        <lei>N/A</lei>
        <title>NETO MALINDA TRADING LTD</title>
        <cusip>M73551109</cusip>
        <identifiers>
          <isin value="IL0011050973"/>
          <other otherDesc="Internal" value="B3CR0Y3"/>
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        <balance>49148.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>2830187.69000000</valUSD>
        <pctVal>0.019667102179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="16929.99065800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>PRASHKOVSKY INVESTMENTS AND CONSTRUCTION LTD</name>
        <lei>N/A</lei>
        <title>PRASHKOVSKY INVESTMENTS AND CONSTRUCTION LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011021289"/>
          <other otherDesc="Internal" value="B3CR140"/>
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        <balance>27541.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>1475708.68000000</valUSD>
        <pctVal>0.010254766317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1460919.97967300"/>
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      </invstOrSec>
      <invstOrSec>
        <name>RAMI LEVI CHAIN STORES HASHIKMA MARKETING 2006 LTD</name>
        <lei>N/A</lei>
        <title>RAMI LEVY CHAIN STORES HASHIKMA MARKETING 2006 LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011042491"/>
          <other otherDesc="Internal" value="B3CR162"/>
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        <balance>36857.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>4551250.28000000</valUSD>
        <pctVal>0.031626843907</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>
      <invstOrSec>
        <name>ELECNOR, S.A.</name>
        <lei>95980020140005491250</lei>
        <title>ELECNOR SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0129743318"/>
          <other otherDesc="Internal" value="B3CTJS6"/>
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        <balance>153703.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6831464.13000000</valUSD>
        <pctVal>0.047472153014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JVCKENWOOD Corporation</name>
        <lei>529900GGYCEJXM5Y6961</lei>
        <title>JVCKENWOOD CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386410009"/>
          <other otherDesc="Internal" value="B3CY5L6"/>
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        <balance>582500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4390522.30000000</valUSD>
        <pctVal>0.030509937910</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>PERSOL HOLDINGS CO.,LTD.</name>
        <lei>3538000H6OI725NB2008</lei>
        <title>PERSOL HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3547670004"/>
          <other otherDesc="Internal" value="B3CY709"/>
        </identifiers>
        <balance>7161800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10659760.53000000</valUSD>
        <pctVal>0.074075157733</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>YAMABIKO CORPORATION</name>
        <lei>N/A</lei>
        <title>YAMABIKO CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3943000004"/>
          <other otherDesc="Internal" value="B3FD1T0"/>
        </identifiers>
        <balance>110700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2756828.89000000</valUSD>
        <pctVal>0.019157328562</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>HOSHIZAKI CORPORATION</name>
        <lei>N/A</lei>
        <title>HOSHIZAKI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3845770001"/>
          <other otherDesc="Internal" value="B3FF8W8"/>
        </identifiers>
        <balance>428100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>13919481.66000000</valUSD>
        <pctVal>0.096727107202</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>BODYCOTE PLC</name>
        <lei>213800V93QFW53NB7Y29</lei>
        <title>BODYCOTE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B3FLWH99"/>
          <other otherDesc="Internal" value="B3FLWH9"/>
        </identifiers>
        <balance>699104.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>6492364.83000000</valUSD>
        <pctVal>0.045115736652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cloetta AB</name>
        <lei>549300CSLHPO6Y1AZN37</lei>
        <title>CLOETTA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0002626861"/>
          <other otherDesc="Internal" value="B3K5QQ3"/>
        </identifiers>
        <balance>729979.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>3742894.14000000</valUSD>
        <pctVal>0.026009540554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PAX GLOBAL TECHNOLOGY LIMITED</name>
        <lei>N/A</lei>
        <title>PAX GLOBAL TECHNOLOGY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG6955J1036"/>
          <other otherDesc="Internal" value="B3LX5R0"/>
        </identifiers>
        <balance>2931000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>1459419.09000000</valUSD>
        <pctVal>0.010141569220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OCADO GROUP PLC</name>
        <lei>213800LO8F61YB8MBC74</lei>
        <title>OCADO GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B3MBS747"/>
          <other otherDesc="Internal" value="B3MBS74"/>
        </identifiers>
        <balance>2161511.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>5844503.05000000</valUSD>
        <pctVal>0.040613715860</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="4055845.45949500"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Predictive Discovery Ltd</name>
        <lei>N/A</lei>
        <title>PREDICTIVE DISCOVERY LTD</title>
        <cusip>Q77174136</cusip>
        <identifiers>
          <isin value="AU000000PDI8"/>
          <other otherDesc="Internal" value="B3N05H9"/>
        </identifiers>
        <balance>13289640.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>8950242.95000000</valUSD>
        <pctVal>0.062195642801</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corporate Travel Management Ltd</name>
        <lei>N/A</lei>
        <title>CORPORATE TRAVEL MANAGEMENT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CTD3"/>
          <other otherDesc="Internal" value="B3R1D52"/>
        </identifiers>
        <balance>408317.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3864719.52000000</valUSD>
        <pctVal>0.026856110626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stroeer SE &amp; Co. KGaA</name>
        <lei>529900MBF3N1ATE55378</lei>
        <title>STROEER SE CO KGAA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007493991"/>
          <other otherDesc="Internal" value="B3S3S52"/>
        </identifiers>
        <balance>133685.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5837749.76000000</valUSD>
        <pctVal>0.040566786942</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOKAI Holdings Corporation</name>
        <lei>N/A</lei>
        <title>TOKAI HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3552260006"/>
          <other otherDesc="Internal" value="B3SF9N3"/>
        </identifiers>
        <balance>403400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2931352.52000000</valUSD>
        <pctVal>0.020370101155</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>Calbee, Inc.</name>
        <lei>N/A</lei>
        <title>CALBEE INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3220580009"/>
          <other otherDesc="Internal" value="B3TBRZ8"/>
        </identifiers>
        <balance>318000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6027155.37000000</valUSD>
        <pctVal>0.041882975087</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>Create SD Holdings Co Ltd</name>
        <lei>N/A</lei>
        <title>CREATE SD HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3269940007"/>
          <other otherDesc="Internal" value="B3V2XQ2"/>
        </identifiers>
        <balance>104200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2183104.98000000</valUSD>
        <pctVal>0.015170495180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guotai Junan International Holdings Limited</name>
        <lei>2138006FECWIZUO67V37</lei>
        <title>GUOTAI JUNAN INTERNATIONAL HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="HK0000065869"/>
          <other otherDesc="Internal" value="B3W1335"/>
        </identifiers>
        <balance>11349000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>3516062.34000000</valUSD>
        <pctVal>0.024433276123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3216783.44137900"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Research Institute Inc</name>
        <lei>N/A</lei>
        <title>MITSUBISHI RESEARCH INSTITUTE INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3902200009"/>
          <other otherDesc="Internal" value="B3WPWZ2"/>
        </identifiers>
        <balance>33400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>958813.95000000</valUSD>
        <pctVal>0.006662841476</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>DICKER DATA LIMITED</name>
        <lei>N/A</lei>
        <title>DICKER DATA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000DDR5"/>
          <other otherDesc="Internal" value="B3YPKQ7"/>
        </identifiers>
        <balance>476571.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3064385.98000000</valUSD>
        <pctVal>0.021294556682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MEGMILK SNOW BRAND Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>MEGMILK SNOW BRAND CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3947800003"/>
          <other otherDesc="Internal" value="B3ZC078"/>
        </identifiers>
        <balance>171100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3438078.41000000</valUSD>
        <pctVal>0.023891362268</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>SPAREBANK 1 SOR-NORGE ASA</name>
        <lei>549300Q3OIWRHQUQM052</lei>
        <title>SPAREBANK 1 SOR NORGE ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010631567"/>
          <other otherDesc="Internal" value="B40JTQ3"/>
        </identifiers>
        <balance>814695.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>17606933.64000000</valUSD>
        <pctVal>0.122351377680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Senshu Ikeda Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>SENSHU IKEDA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3132600002"/>
          <other otherDesc="Internal" value="B40T3T4"/>
        </identifiers>
        <balance>895000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5265911.56000000</valUSD>
        <pctVal>0.036593057444</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>ZIGUP PLC</name>
        <lei>213800B3ZUTDOZYVJB41</lei>
        <title>ZIGUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B41H7391"/>
          <other otherDesc="Internal" value="B41H739"/>
        </identifiers>
        <balance>893085.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>4879289.63000000</valUSD>
        <pctVal>0.033906404178</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Noevir Holdings Co., Ltd.</name>
        <lei>N/A</lei>
        <title>NOEVIR HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3760450001"/>
          <other otherDesc="Internal" value="B458891"/>
        </identifiers>
        <balance>65900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1840472.60000000</valUSD>
        <pctVal>0.012789527284</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>CHEMRING GROUP PLC</name>
        <lei>213800U9A54VQJ5P2J41</lei>
        <title>CHEMRING GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B45C9X44"/>
          <other otherDesc="Internal" value="B45C9X4"/>
        </identifiers>
        <balance>1070692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>7605246.83000000</valUSD>
        <pctVal>0.052849203971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENERGIX - RENEWABLE ENERGIES LTD</name>
        <lei>N/A</lei>
        <title>ENERGIX RENEWABLE ENERGIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011233553"/>
          <other otherDesc="Internal" value="B469X43"/>
        </identifiers>
        <balance>1140582.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>8470657.43000000</valUSD>
        <pctVal>0.058862981346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wynn Macau, Limited</name>
        <lei>254900NMDQ8ENTHU1I31</lei>
        <title>WYNN MACAU LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG981491007"/>
          <other otherDesc="Internal" value="B4JSTL6"/>
        </identifiers>
        <balance>6192800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>4515207.00000000</valUSD>
        <pctVal>0.031376377526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEST AFRICAN RESOURCES LTD</name>
        <lei>529900XLO8GMJNTUL013</lei>
        <title>WEST AFRICAN RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000WAF6"/>
          <other otherDesc="Internal" value="B4KBBN0"/>
        </identifiers>
        <balance>4299578.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>9361963.39000000</valUSD>
        <pctVal>0.065056706748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STANMORE RESOURCES LIMITED</name>
        <lei>52990090OHRBVS7DDA54</lei>
        <title>STANMORE RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SMR4"/>
          <other otherDesc="Internal" value="B4KDPZ6"/>
        </identifiers>
        <balance>1420915.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2410453.41000000</valUSD>
        <pctVal>0.016750349696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Material Co Ltd</name>
        <lei>N/A</lei>
        <title>JAPAN MATERIAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3389680004"/>
          <other otherDesc="Internal" value="B4KGDQ2"/>
        </identifiers>
        <balance>270000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3108647.23000000</valUSD>
        <pctVal>0.021602130109</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>Lifenet Insurance Co</name>
        <lei>N/A</lei>
        <title>LIFENET INSURANCE CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3966660007"/>
          <other otherDesc="Internal" value="B4KN6D1"/>
        </identifiers>
        <balance>241200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2969917.10000000</valUSD>
        <pctVal>0.020638088165</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>Mapletree Industrial Trust</name>
        <lei>549300R7WZFHXNKDJF41</lei>
        <title>MAPLETREE INDUSTRIAL TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG2C32962814"/>
          <other otherDesc="Internal" value="B4LR5Q8"/>
        </identifiers>
        <balance>8427093.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>13077755.22000000</valUSD>
        <pctVal>0.090877912125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="7392892.77836800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MGM China Holdings Limited</name>
        <lei>529900VZFN87OS7WJM66</lei>
        <title>MGM CHINA HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG607441022"/>
          <other otherDesc="Internal" value="B4P8HQ1"/>
        </identifiers>
        <balance>3788800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>5687600.57000000</valUSD>
        <pctVal>0.039523393435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STOLT-NIELSEN LIMITED</name>
        <lei>213800VZX4LWJSGRLR94</lei>
        <title>STOLT NIELSEN LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG850801025"/>
          <other otherDesc="Internal" value="B4PKZG3"/>
        </identifiers>
        <balance>91452.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>2981046.77000000</valUSD>
        <pctVal>0.020715428745</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ID LOGISTICS SAS</name>
        <lei>969500J6TJ6D24Y5IP64</lei>
        <title>ID LOGISTICS GROUP SACA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010929125"/>
          <other otherDesc="Internal" value="B4RFDT5"/>
        </identifiers>
        <balance>12807.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5438874.36000000</valUSD>
        <pctVal>0.037794983759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NORMA Group SE</name>
        <lei>5299000LM9HC76W5XD46</lei>
        <title>NORMA GROUP SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A1H8BV3"/>
          <other otherDesc="Internal" value="B4RLNR1"/>
        </identifiers>
        <balance>105706.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1823708.66000000</valUSD>
        <pctVal>0.012673033908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LONDONMETRIC PROPERTY PLC</name>
        <lei>213800OCERWWPQDURL87</lei>
        <title>LONDONMETRIC PROPERTY PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B4WFW713"/>
          <other otherDesc="Internal" value="B4WFW71"/>
        </identifiers>
        <balance>8795285.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>22639741.28000000</valUSD>
        <pctVal>0.157324585449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARMILA SA</name>
        <lei>222100P6D3QKU33LZQ72</lei>
        <title>CARMILA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010828137"/>
          <other otherDesc="Internal" value="B4Y0230"/>
        </identifiers>
        <balance>241936.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4832229.30000000</valUSD>
        <pctVal>0.033579379817</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CURRYS PLC</name>
        <lei>2138001E12GWLLDQQF16</lei>
        <title>CURRYS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B4Y7R145"/>
          <other otherDesc="Internal" value="B4Y7R14"/>
        </identifiers>
        <balance>3958645.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>6717246.17000000</valUSD>
        <pctVal>0.046678447248</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Autoneum Holding AG</name>
        <lei>549300FL07XZC5MNXS47</lei>
        <title>AUTONEUM HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0127480363"/>
          <other otherDesc="Internal" value="B4YCYX0"/>
        </identifiers>
        <balance>9164.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>1338408.87000000</valUSD>
        <pctVal>0.009300663732</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COATS GROUP PLC</name>
        <lei>2138003SPYWGAITNFY17</lei>
        <title>COATS GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B4YZN328"/>
          <other otherDesc="Internal" value="B4YZN32"/>
        </identifiers>
        <balance>7487781.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>8467055.58000000</valUSD>
        <pctVal>0.058837951928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MYER HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>MYER HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000MYR2"/>
          <other otherDesc="Internal" value="B50YPZ6"/>
        </identifiers>
        <balance>4662803.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>872816.32000000</valUSD>
        <pctVal>0.006065240058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="404397.95840500"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Mapletree Pan Asia Commercial Trust</name>
        <lei>549300BF18K4IC5LZ208</lei>
        <title>MAPLETREE PAN ASIA COMMERCIAL TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG2D18969584"/>
          <other otherDesc="Internal" value="B5143W8"/>
        </identifiers>
        <balance>9201300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>9349599.47000000</valUSD>
        <pctVal>0.064970789309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="910339.42651200"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Nippon Light Metal Holdings Company, Ltd.</name>
        <lei>353800J9KCFJSF2CGT47</lei>
        <title>NIPPON LIGHT METAL HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3700200003"/>
          <other otherDesc="Internal" value="B51WP26"/>
        </identifiers>
        <balance>218590.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4003376.42000000</valUSD>
        <pctVal>0.027819643691</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>ELECTRA CONSUMER PRODUCTS (1970) LTD</name>
        <lei>N/A</lei>
        <title>ELECTRA CONSUMER PRODUCTS 1970 LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0050101299"/>
          <other otherDesc="Internal" value="B536CY7"/>
        </identifiers>
        <balance>50696.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>1421603.38000000</valUSD>
        <pctVal>0.009878786142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JUPITER FUND MANAGEMENT PLC</name>
        <lei>5493003DJ1G01IMQ7S28</lei>
        <title>JUPITER FUND MANAGEMENT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B53P2009"/>
          <other otherDesc="Internal" value="B53P200"/>
        </identifiers>
        <balance>1800645.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3718624.38000000</valUSD>
        <pctVal>0.025840888894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>K+S Aktiengesellschaft</name>
        <lei>529900YURAYD4IJX2J91</lei>
        <title>K S AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000KSAG888"/>
          <other otherDesc="Internal" value="B54C017"/>
        </identifiers>
        <balance>673229.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>12595295.91000000</valUSD>
        <pctVal>0.087525280573</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Financial Partners Group Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>FINANCIAL PARTNERS GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3166990006"/>
          <other otherDesc="Internal" value="B54LCZ2"/>
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        <balance>237100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2418538.92000000</valUSD>
        <pctVal>0.016806536270</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>Bright Smart Securities &amp; Commodities Group Ltd</name>
        <lei>N/A</lei>
        <title>BRIGHT SMART SECURITIES COMMODITIES GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG1644A1004"/>
          <other otherDesc="Internal" value="B54X3L1"/>
        </identifiers>
        <balance>3350000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>5317442.49000000</valUSD>
        <pctVal>0.036951148206</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="5050776.71736500"/>
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      </invstOrSec>
      <invstOrSec>
        <name>WALLENIUS WILHELMSEN ASA</name>
        <lei>549300NBN0URT3RA3Y54</lei>
        <title>WALLENIUS WILHELMSEN ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010571680"/>
          <other otherDesc="Internal" value="B55WMQ5"/>
        </identifiers>
        <balance>420979.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>5389069.20000000</valUSD>
        <pctVal>0.037448885451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEGA CHEESE LIMITED</name>
        <lei>549300P1H1GM5BXPB476</lei>
        <title>BEGA CHEESE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000BGA8"/>
          <other otherDesc="Internal" value="B56CQJ5"/>
        </identifiers>
        <balance>1083379.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4331881.94000000</valUSD>
        <pctVal>0.030102443397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sesa SpA</name>
        <lei>81560005C031D4E76707</lei>
        <title>SESA SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0004729759"/>
          <other otherDesc="Internal" value="B56RD66"/>
        </identifiers>
        <balance>30695.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3107941.28000000</valUSD>
        <pctVal>0.021597224430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUTCHISON PORT HOLDINGS TRUST</name>
        <lei>N/A</lei>
        <title>HUTCHISON PORT HOLDINGS TRUST</title>
        <cusip>Y3780D104</cusip>
        <identifiers>
          <isin value="SG2D00968206"/>
          <other otherDesc="Internal" value="B56ZM74"/>
        </identifiers>
        <balance>18903100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3969651.00000000</valUSD>
        <pctVal>0.027585284223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APERAM SA</name>
        <lei>5493001136GE6L4R7M63</lei>
        <title>APERAM SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU0569974404"/>
          <other otherDesc="Internal" value="B58C6H1"/>
        </identifiers>
        <balance>174201.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>9318296.91000000</valUSD>
        <pctVal>0.064753266405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIMS APAC REIT</name>
        <lei>N/A</lei>
        <title>AIMS APAC REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG2D63974620"/>
          <other otherDesc="Internal" value="B58DLN5"/>
        </identifiers>
        <balance>2298075.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>2726346.05000000</valUSD>
        <pctVal>0.018945501929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAN WAH HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>MAN WAH HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG5800U1071"/>
          <other otherDesc="Internal" value="B58YWF7"/>
        </identifiers>
        <balance>6249200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>3402050.82000000</valUSD>
        <pctVal>0.023641004917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="13936.58404100"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXTDC LIMITED</name>
        <lei>529900RTERU3X7G3D672</lei>
        <title>NEXTDC LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NXT8"/>
          <other otherDesc="Internal" value="B5LMKP4"/>
        </identifiers>
        <balance>2978990.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>30921750.50000000</valUSD>
        <pctVal>0.214876641857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1646394.11748800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARASSO MOTORS LTD</name>
        <lei>N/A</lei>
        <title>CARASSO MOTORS LTD</title>
        <cusip>M2102C102</cusip>
        <identifiers>
          <isin value="IL0011238503"/>
          <other otherDesc="Internal" value="B5MTMX6"/>
        </identifiers>
        <balance>137329.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>1483477.85000000</valUSD>
        <pctVal>0.010308754631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="892070.02403500"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pola Orbis Holdings Inc</name>
        <lei>353800E8OIV0XYBABS79</lei>
        <title>POLA ORBIS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3855900001"/>
          <other otherDesc="Internal" value="B5N4QN8"/>
        </identifiers>
        <balance>368900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3046773.98000000</valUSD>
        <pctVal>0.021172170098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortune Real Estate Investment Trust</name>
        <lei>N/A</lei>
        <title>FORTUNE REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1O33912138"/>
          <other otherDesc="Internal" value="B5T50H7"/>
        </identifiers>
        <balance>6091000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>3788435.44000000</valUSD>
        <pctVal>0.026326009106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SALVATORE FERRAGAMO S.P.A.</name>
        <lei>5493005GRP0FEE3NRI35</lei>
        <title>SALVATORE FERRAGAMO SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0004712375"/>
          <other otherDesc="Internal" value="B5VZ053"/>
        </identifiers>
        <balance>199689.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1741111.09000000</valUSD>
        <pctVal>0.012099059660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meiji Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>MEIJI HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3918000005"/>
          <other otherDesc="Internal" value="B60DQV3"/>
        </identifiers>
        <balance>990600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>23511767.67000000</valUSD>
        <pctVal>0.163384336248</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>ARE Holdings, Inc.</name>
        <lei>353800W25FCOFE32EM73</lei>
        <title>ARE HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3116700000"/>
          <other otherDesc="Internal" value="B60DQZ7"/>
        </identifiers>
        <balance>301000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6890349.76000000</valUSD>
        <pctVal>0.047881351919</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>KOEI TECMO HOLDINGS CO., LTD.</name>
        <lei>353800RQ25FIYLPYXP11</lei>
        <title>KOEI TECMO HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3283460008"/>
          <other otherDesc="Internal" value="B60DR09"/>
        </identifiers>
        <balance>393400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3897412.26000000</valUSD>
        <pctVal>0.027083293954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="432935.72893200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PALTAC CORPORATION</name>
        <lei>N/A</lei>
        <title>PALTAC CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3782200004"/>
          <other otherDesc="Internal" value="B61BG94"/>
        </identifiers>
        <balance>106200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3136912.64000000</valUSD>
        <pctVal>0.021798547720</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>TREASURY WINE ESTATES LIMITED</name>
        <lei>N/A</lei>
        <title>TREASURY WINE ESTATES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000TWE9"/>
          <other otherDesc="Internal" value="B61JC67"/>
        </identifiers>
        <balance>3151512.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>9905358.85000000</valUSD>
        <pctVal>0.068832786361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2998114.25035000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INCHCAPE PLC</name>
        <lei>213800RGEH1MPPNM2T57</lei>
        <title>INCHCAPE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B61TVQ02"/>
          <other otherDesc="Internal" value="B61TVQ0"/>
        </identifiers>
        <balance>1291768.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>14522720.06000000</valUSD>
        <pctVal>0.100919038109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EDENRED SE</name>
        <lei>9695006LOD5B2D7Y0N70</lei>
        <title>EDENRED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010908533"/>
          <other otherDesc="Internal" value="B62G1B5"/>
        </identifiers>
        <balance>945731.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>23684931.82000000</valUSD>
        <pctVal>0.164587661753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHAFTESBURY CAPITAL PLC</name>
        <lei>549300TTXXZ1SHUI0D54</lei>
        <title>SHAFTESBURY CAPITAL PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B62G9D36"/>
          <other otherDesc="Internal" value="B62G9D3"/>
        </identifiers>
        <balance>5730413.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>10409873.27000000</valUSD>
        <pctVal>0.072338679869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Advance Residence Investment Corporation</name>
        <lei>N/A</lei>
        <title>ADVANCE RESIDENCE INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047160001"/>
          <other otherDesc="Internal" value="B62WZW2"/>
        </identifiers>
        <balance>11241.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11588881.86000000</valUSD>
        <pctVal>0.080531663851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTURION CORPORATION LIMITED</name>
        <lei>N/A</lei>
        <title>CENTURION CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG2D51973063"/>
          <other otherDesc="Internal" value="B631Q03"/>
        </identifiers>
        <balance>866200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>1116096.79000000</valUSD>
        <pctVal>0.007755807040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="693487.55222000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOMONY Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>TOMONY HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3631700006"/>
          <other otherDesc="Internal" value="B6391L3"/>
        </identifiers>
        <balance>644100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3637179.03000000</valUSD>
        <pctVal>0.025274921476</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>GREGGS PLC</name>
        <lei>213800I71QMUFJ64IW20</lei>
        <title>GREGGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B63QSB39"/>
          <other otherDesc="Internal" value="B63QSB3"/>
        </identifiers>
        <balance>398252.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>8220946.07000000</valUSD>
        <pctVal>0.057127725819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIRAIT ONE Corporation</name>
        <lei>N/A</lei>
        <title>MIRAIT ONE CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3910620008"/>
          <other otherDesc="Internal" value="B64KR62"/>
        </identifiers>
        <balance>341400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8797403.73000000</valUSD>
        <pctVal>0.061133556153</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>Sheng Siong Group Ltd</name>
        <lei>N/A</lei>
        <title>SHENG SIONG GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG2D54973185"/>
          <other otherDesc="Internal" value="B657MH8"/>
        </identifiers>
        <balance>2689400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>6410803.83000000</valUSD>
        <pctVal>0.044548965576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>P/F Bakkafrost</name>
        <lei>2138007LH7OP4V112978</lei>
        <title>BAKKAFROST P F</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FO0000000179"/>
          <other otherDesc="Internal" value="B6632T7"/>
        </identifiers>
        <balance>198564.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>9901731.09000000</valUSD>
        <pctVal>0.068807576893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WORKSPACE GROUP PLC</name>
        <lei>2138003GUZRFIN3UT430</lei>
        <title>WORKSPACE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B67G5X01"/>
          <other otherDesc="Internal" value="B67G5X0"/>
        </identifiers>
        <balance>560891.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2575145.68000000</valUSD>
        <pctVal>0.017894803724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WILH. WILHELMSEN HOLDING ASA</name>
        <lei>54930050TPKOLSE1ZZ71</lei>
        <title>WILH WILHELMSEN HOLDING ASA</title>
        <cusip>R9883A119</cusip>
        <identifiers>
          <isin value="NO0010571698"/>
          <other otherDesc="Internal" value="B682WX6"/>
        </identifiers>
        <balance>47054.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>3514562.59000000</valUSD>
        <pctVal>0.024422854292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLLINS FOODS LIMITED</name>
        <lei>N/A</lei>
        <title>COLLINS FOODS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CKF7"/>
          <other otherDesc="Internal" value="B6QCFP1"/>
        </identifiers>
        <balance>441253.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2608154.25000000</valUSD>
        <pctVal>0.018124181769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>A.G. BARR P.L.C.</name>
        <lei>213800QWTXXXF8BNEC87</lei>
        <title>AG BARR PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B6XZKY75"/>
          <other otherDesc="Internal" value="B6XZKY7"/>
        </identifiers>
        <balance>408876.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3566382.35000000</valUSD>
        <pctVal>0.024782952147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUSS MicroTec SE</name>
        <lei>529900C3KRUTSYDK7N87</lei>
        <title>SUSS MICROTEC SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A1K0235"/>
          <other otherDesc="Internal" value="B6YT190"/>
        </identifiers>
        <balance>76077.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6810700.15000000</valUSD>
        <pctVal>0.047327863179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DKSH Holding AG</name>
        <lei>N/A</lei>
        <title>DKSH HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0126673539"/>
          <other otherDesc="Internal" value="B71QPM2"/>
        </identifiers>
        <balance>141817.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>10826161.43000000</valUSD>
        <pctVal>0.075231485109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRUNELLO CUCINELLI S.P.A.</name>
        <lei>5493003CX2RZ0FOBH256</lei>
        <title>BRUNELLO CUCINELLI SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0004764699"/>
          <other otherDesc="Internal" value="B7K6D18"/>
        </identifiers>
        <balance>134433.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>13118284.78000000</valUSD>
        <pctVal>0.091159553870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EASYJET PLC</name>
        <lei>2138001S47XKWIB7TH90</lei>
        <title>EASYJET PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B7KR2P84"/>
          <other otherDesc="Internal" value="B7KR2P8"/>
        </identifiers>
        <balance>1197624.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>5732233.82000000</valUSD>
        <pctVal>0.039833551906</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PREMIER FOODS PLC</name>
        <lei>213800ZD5I8XHNMCJA67</lei>
        <title>PREMIER FOODS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B7N0K053"/>
          <other otherDesc="Internal" value="B7N0K05"/>
        </identifiers>
        <balance>2584401.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>6952561.24000000</valUSD>
        <pctVal>0.048313662305</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PLAYTECH PLC</name>
        <lei>21380068TTB6Z9ZEU548</lei>
        <title>PLAYTECH PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IM00B7S9G985"/>
          <other otherDesc="Internal" value="B7S9G98"/>
        </identifiers>
        <balance>1038078.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>5141614.23000000</valUSD>
        <pctVal>0.035729309680</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tama Home Co., Ltd.</name>
        <lei>N/A</lei>
        <title>TAMA HOME CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3470900006"/>
          <other otherDesc="Internal" value="B7TV4G6"/>
        </identifiers>
        <balance>60900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1382897.38000000</valUSD>
        <pctVal>0.009609816399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1348835.86817700"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>North Pacific Bank,Ltd.</name>
        <lei>549300A1ZLTL4KX3DZ92</lei>
        <title>NORTH PACIFIC BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3843400007"/>
          <other otherDesc="Internal" value="B7VKZP7"/>
        </identifiers>
        <balance>1031100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6556087.12000000</valUSD>
        <pctVal>0.045558545725</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>FNAC DARTY SA</name>
        <lei>96950091FL62XSLPHO35</lei>
        <title>FNAC DARTY SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0011476928"/>
          <other otherDesc="Internal" value="B7VQL46"/>
        </identifiers>
        <balance>46731.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1936057.57000000</valUSD>
        <pctVal>0.013453751561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BUMITAMA AGRI LTD.</name>
        <lei>N/A</lei>
        <title>BUMITAMA AGRI LTD</title>
        <cusip>Y0926Z106</cusip>
        <identifiers>
          <isin value="SG2E67980267"/>
          <other otherDesc="Internal" value="B7WJ188"/>
        </identifiers>
        <balance>1417300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>2305005.50000000</valUSD>
        <pctVal>0.016017587403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VESUVIUS PLC</name>
        <lei>213800ORZ521W585SY02</lei>
        <title>VESUVIUS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B82YXW83"/>
          <other otherDesc="Internal" value="B82YXW8"/>
        </identifiers>
        <balance>769736.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>4617018.75000000</valUSD>
        <pctVal>0.032083871978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INGENIA COMMUNITIES GROUP</name>
        <lei>N/A</lei>
        <title>INGENIA COMMUNITIES GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000INA9"/>
          <other otherDesc="Internal" value="B84GSC7"/>
        </identifiers>
        <balance>1572999.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4558816.08000000</valUSD>
        <pctVal>0.031679418994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YANCOAL AUSTRALIA LTD</name>
        <lei>3003003IC6G39HKQAD13</lei>
        <title>YANCOAL AUSTRALIA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000YAL0"/>
          <other otherDesc="Internal" value="B84LB45"/>
        </identifiers>
        <balance>1564774.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>8606913.22000000</valUSD>
        <pctVal>0.059809828990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALS LIMITED</name>
        <lei>N/A</lei>
        <title>ALS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ALQ6"/>
          <other otherDesc="Internal" value="B86SZR5"/>
        </identifiers>
        <balance>2002434.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>31267670.64000000</valUSD>
        <pctVal>0.217280456546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AURIZON HOLDINGS LIMITED</name>
        <lei>5299005PC1O6NOWL3H48</lei>
        <title>AURIZON HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000AZJ1"/>
          <other otherDesc="Internal" value="B87CVM3"/>
        </identifiers>
        <balance>6758840.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>20418584.03000000</valUSD>
        <pctVal>0.141889663324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUGO BOSS AG</name>
        <lei>529900LFVU534EBRXD13</lei>
        <title>HUGO BOSS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A1PHFF7"/>
          <other otherDesc="Internal" value="B88MHC4"/>
        </identifiers>
        <balance>167348.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>7096668.77000000</valUSD>
        <pctVal>0.049315072045</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="6999557.53184100"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xvivo Perfusion AB</name>
        <lei>549300G2464FYLS14B41</lei>
        <title>XVIVO PERFUSION AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0004840718"/>
          <other otherDesc="Internal" value="B898BV8"/>
        </identifiers>
        <balance>101679.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>3052607.91000000</valUSD>
        <pctVal>0.021212710341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2051163.73712200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Paper Industries Co., Ltd.</name>
        <lei>3538007UWR5N9X8B8S30</lei>
        <title>NIPPON PAPER INDUSTRIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3721600009"/>
          <other otherDesc="Internal" value="B8B8PJ2"/>
        </identifiers>
        <balance>392500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3293467.79000000</valUSD>
        <pctVal>0.022886456534</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>Activia Properties Inc.</name>
        <lei>353800RPGYN3ML8CXV54</lei>
        <title>ACTIVIA PROPERTIES INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047490002"/>
          <other otherDesc="Internal" value="B8BSRY1"/>
        </identifiers>
        <balance>7930.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7111698.76000000</valUSD>
        <pctVal>0.049419516125</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROSEGUR COMPANIA DE SEGURIDAD, S.A.</name>
        <lei>549300N94L4D5NDBFG97</lei>
        <title>PROSEGUR CIA DE SEGURIDAD SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0175438003"/>
          <other otherDesc="Internal" value="B8CLHY9"/>
        </identifiers>
        <balance>507487.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1605174.23000000</valUSD>
        <pctVal>0.011154428276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Far East Hospitality Trust</name>
        <lei>N/A</lei>
        <title>FAR EAST HOSPITALITY TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG2F08984575"/>
          <other otherDesc="Internal" value="B8GM577"/>
        </identifiers>
        <balance>4129700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>1865632.86000000</valUSD>
        <pctVal>0.012964367068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="395561.87216400"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Grand City Properties S.A.</name>
        <lei>5299002QLUYKK2WBMB18</lei>
        <title>GRAND CITY PROPERTIES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU0775917882"/>
          <other otherDesc="Internal" value="B8K9X70"/>
        </identifiers>
        <balance>134804.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1517247.62000000</valUSD>
        <pctVal>0.010543422289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WPP PLC</name>
        <lei>549300LSGBXPYHXGDT93</lei>
        <title>WPP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00B8KF9B49"/>
          <other otherDesc="Internal" value="B8KF9B4"/>
        </identifiers>
        <balance>4252109.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>15395052.93000000</valUSD>
        <pctVal>0.106980918652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Comforia Residential Reit, Inc.</name>
        <lei>353800BJ2SV3UPG9JU05</lei>
        <title>COMFORIA RESIDENTIAL REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047540004"/>
          <other otherDesc="Internal" value="B8N6QD5"/>
        </identifiers>
        <balance>7801.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5487047.23000000</valUSD>
        <pctVal>0.038129739210</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>GLP J-REIT</name>
        <lei>353800E27V9KA51K2I90</lei>
        <title>GLP J REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047510007"/>
          <other otherDesc="Internal" value="B8RBZV7"/>
        </identifiers>
        <balance>17783.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>15391373.64000000</valUSD>
        <pctVal>0.106955351099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pharming Group N.V.</name>
        <lei>724500DCJ9MPG74JEH91</lei>
        <title>PHARMING GROUP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0010391025"/>
          <other otherDesc="Internal" value="B8RC747"/>
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        <balance>2794732.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4719726.77000000</valUSD>
        <pctVal>0.032797594651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="25821.66100800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>CREST NICHOLSON HOLDINGS PLC</name>
        <lei>213800ROIFXRRRKVQD25</lei>
        <title>CREST NICHOLSON HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B8VZXT93"/>
          <other otherDesc="Internal" value="B8VZXT9"/>
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        <balance>915553.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>822253.40000000</valUSD>
        <pctVal>0.005713876041</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERCURY NZ LIMITED</name>
        <lei>N/A</lei>
        <title>MERCURY NZ LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZMRPE0001S2"/>
          <other otherDesc="Internal" value="B8W6K56"/>
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        <balance>2798095.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.69276300"/>
        <valUSD>11074932.82000000</valUSD>
        <pctVal>0.076960208742</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nanobiotix SA</name>
        <lei>969500667RSYIH8YL895</lei>
        <title>NANOBIOTIX SA</title>
        <cusip>F64308111</cusip>
        <identifiers>
          <isin value="FR0011341205"/>
          <other otherDesc="Internal" value="B8X9FN7"/>
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        <balance>122771.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4147679.41000000</valUSD>
        <pctVal>0.028822411691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIVA GOODS COMPANY LIMITED</name>
        <lei>N/A</lei>
        <title>VIVA GOODS COMPANY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9374E1199"/>
          <other otherDesc="Internal" value="B90DT37"/>
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        <balance>14112000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>1063016.92000000</valUSD>
        <pctVal>0.007386952624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="232007.66111100"/>
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      </invstOrSec>
      <invstOrSec>
        <name>ZENKOKU HOSHO Co.,Ltd.</name>
        <lei>353800VOQEKTSCSL9O03</lei>
        <title>ZENKOKU HOSHO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3429250008"/>
          <other otherDesc="Internal" value="B92MT10"/>
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        <balance>410700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8274074.93000000</valUSD>
        <pctVal>0.057496920668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PeptiDream Inc.</name>
        <lei>N/A</lei>
        <title>PEPTIDREAM INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3836750004"/>
          <other otherDesc="Internal" value="B97SH97"/>
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        <balance>387300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2854982.85000000</valUSD>
        <pctVal>0.019839404867</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>Nippon Prologis REIT, Inc.</name>
        <lei>353800PHBMSDLAFURY41</lei>
        <title>NIPPON PROLOGIS REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047550003"/>
          <other otherDesc="Internal" value="B98BC67"/>
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        <balance>26360.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>15052754.62000000</valUSD>
        <pctVal>0.104602272224</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Konoike Transport Co.,Ltd.</name>
        <lei>3538004PLQ2IF2DMNC61</lei>
        <title>KONOIKE TRANSPORT CO LTD</title>
        <cusip>J3S43H105</cusip>
        <identifiers>
          <isin value="JP3288970001"/>
          <other otherDesc="Internal" value="B99HH03"/>
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        <balance>111100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2004518.94000000</valUSD>
        <pctVal>0.013929492716</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>ARENA REIT NO. 1</name>
        <lei>984500FEAC9A1C1FC967</lei>
        <title>ARENA REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ARF6"/>
          <other otherDesc="Internal" value="B99K263"/>
        </identifiers>
        <balance>1580310.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3787192.89000000</valUSD>
        <pctVal>0.026317374570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LET S GOWEX SA</name>
        <lei>N/A</lei>
        <title>LET S GOWEX SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0158252033"/>
          <other otherDesc="Internal" value="B9JHSH7"/>
        </identifiers>
        <balance>51450.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>0.60000000</valUSD>
        <pctVal>0.000000004169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="0.32654200"/>
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      </invstOrSec>
      <invstOrSec>
        <name>KION GROUP AG</name>
        <lei>5299005KY91C4C6U9H17</lei>
        <title>KION GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000KGX8881"/>
          <other otherDesc="Internal" value="BB22L96"/>
        </identifiers>
        <balance>282469.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>14742451.77000000</valUSD>
        <pctVal>0.102445963694</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>
      <invstOrSec>
        <name>Burkhalter Holding AG</name>
        <lei>3912002Q7RGEIHPQ0J90</lei>
        <title>BURKHALTER HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0212255803"/>
          <other otherDesc="Internal" value="BB97064"/>
        </identifiers>
        <balance>29623.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>7032940.31000000</valUSD>
        <pctVal>0.048872220096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAIRE S.P.A.</name>
        <lei>815600D85A61200A1B83</lei>
        <title>MAIRE SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0004931058"/>
          <other otherDesc="Internal" value="BBGTNT7"/>
        </identifiers>
        <balance>580734.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>10739515.78000000</valUSD>
        <pctVal>0.074629380571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hoshino Resorts REIT, Inc.</name>
        <lei>353800DF2MUZWFL4IL56</lei>
        <title>HOSHINO RESORTS REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047610005"/>
          <other otherDesc="Internal" value="BBH7G35"/>
        </identifiers>
        <balance>2332.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3771701.47000000</valUSD>
        <pctVal>0.026209723992</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>MATAS A/S</name>
        <lei>2138004PXX8LWGHGL872</lei>
        <title>MATAS A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060497295"/>
          <other otherDesc="Internal" value="BBL4QM1"/>
        </identifiers>
        <balance>134946.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>2145317.49000000</valUSD>
        <pctVal>0.014907908204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2023859.82824100"/>
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      </invstOrSec>
      <invstOrSec>
        <name>NEXTAGE Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>NEXTAGE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3758210003"/>
          <other otherDesc="Internal" value="BBQ2ZC3"/>
        </identifiers>
        <balance>175700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3856673.44000000</valUSD>
        <pctVal>0.026800198052</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>Plus500 Ltd</name>
        <lei>549300X8NGW9C5OJZU13</lei>
        <title>PLUS500 LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011284465"/>
          <other otherDesc="Internal" value="BBT3PS9"/>
        </identifiers>
        <balance>279783.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>16995031.51000000</valUSD>
        <pctVal>0.118099242122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STEADFAST GROUP LTD</name>
        <lei>9845003B6BEAA12DBD91</lei>
        <title>STEADFAST GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SDF8"/>
          <other otherDesc="Internal" value="BCT5FD7"/>
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        <balance>4171543.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>12830961.99000000</valUSD>
        <pctVal>0.089162934815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ProSiebenSat.1 Media SE</name>
        <lei>529900NY0WWQUKOMWQ37</lei>
        <title>PROSIEBENSAT 1 MEDIA SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000PSM7770"/>
          <other otherDesc="Internal" value="BCZM1B2"/>
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        <balance>228622.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1086168.02000000</valUSD>
        <pctVal>0.007547830664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="917714.15517000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>I.D.I. INSURANCE COMPANY LTD</name>
        <lei>N/A</lei>
        <title>IDI INSURANCE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011295016"/>
          <other otherDesc="Internal" value="BD04HH8"/>
        </identifiers>
        <balance>34813.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>2689685.81000000</valUSD>
        <pctVal>0.018690748264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENAV S.P.A.</name>
        <lei>81560048ECF8D2059980</lei>
        <title>ENAV SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005176406"/>
          <other otherDesc="Internal" value="BD0CRV6"/>
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        <balance>1076582.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6302189.85000000</valUSD>
        <pctVal>0.043794202120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>PINNACLE INVESTMENT MANAGEMENT GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000PNI7"/>
          <other otherDesc="Internal" value="BD0F7H1"/>
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        <balance>675887.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>7380710.33000000</valUSD>
        <pctVal>0.051288889684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOLLYWOOD BOWL GROUP PLC</name>
        <lei>213800XB8YZNGJYDEZ97</lei>
        <title>HOLLYWOOD BOWL GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BD0NVK62"/>
          <other otherDesc="Internal" value="BD0NVK6"/>
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        <balance>654188.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2265523.72000000</valUSD>
        <pctVal>0.015743226729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Colonial SFL, SOCIMI, S.A.</name>
        <lei>95980020140005007414</lei>
        <title>Colonial SFL Socimi SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0139140174"/>
          <other otherDesc="Internal" value="BD0PJ08"/>
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        <balance>1152818.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>7393865.02000000</valUSD>
        <pctVal>0.051380302219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BFF BANK S.P.A.</name>
        <lei>815600522538355AE429</lei>
        <title>BFF BANK SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005244402"/>
          <other otherDesc="Internal" value="BD0TSX6"/>
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        <balance>703820.00000000</balance>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RELIANCE WORLDWIDE CORPORATION LIMITED</name>
        <lei>52990084PQSDDJ8F5447</lei>
        <title>RELIANCE WORLDWIDE CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000RWC7"/>
          <other otherDesc="Internal" value="BD1DM79"/>
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        <balance>3018928.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.049750532572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kyushu Railway Company</name>
        <lei>5299002CCI6HLWAN3K50</lei>
        <title>KYUSHU RAILWAY CO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3247010006"/>
          <other otherDesc="Internal" value="BD2BST6"/>
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        <balance>550000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>CENTURIA INDUSTRIAL REIT</name>
        <lei>984500D6B1D6BC3F7B08</lei>
        <title>CENTURIA INDUSTRIAL REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CIP0"/>
          <other otherDesc="Internal" value="BD31FD8"/>
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        <balance>2070711.00000000</balance>
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        <pctVal>0.031204682879</pctVal>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Comet Holding AG</name>
        <lei>506700PGOL747J76WC96</lei>
        <title>COMET HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0360826991"/>
          <other otherDesc="Internal" value="BD376K0"/>
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        <balance>29087.00000000</balance>
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        <pctVal>0.080137612475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RAFFLES MEDICAL GROUP LTD</name>
        <lei>N/A</lei>
        <title>RAFFLES MEDICAL GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1CH4000003"/>
          <other otherDesc="Internal" value="BD3CFT7"/>
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        <balance>3097800.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>2421677.40000000</valUSD>
        <pctVal>0.016828345710</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tokmanni Group Oyj</name>
        <lei>743700VMG6KWF0FW1560</lei>
        <title>TOKMANNI GROUP CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000197934"/>
          <other otherDesc="Internal" value="BD3CWG3"/>
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        <balance>176360.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1575154.78000000</valUSD>
        <pctVal>0.010945821761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Open House Group Co.,LTD.</name>
        <lei>N/A</lei>
        <title>OPEN HOUSE GROUP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3173540000"/>
          <other otherDesc="Internal" value="BD3D170"/>
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        <balance>285200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>16785054.17000000</valUSD>
        <pctVal>0.116640100095</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>CONVATEC GROUP PLC</name>
        <lei>213800LS272L4FIDOH92</lei>
        <title>CONVATEC GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BD3VFW73"/>
          <other otherDesc="Internal" value="BD3VFW7"/>
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        <balance>6325397.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>18140122.82000000</valUSD>
        <pctVal>0.126056533392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PropNex Ltd</name>
        <lei>N/A</lei>
        <title>PROPNEX LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXE65086469"/>
          <other otherDesc="Internal" value="BD3W0Z8"/>
        </identifiers>
        <balance>757200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>1043025.90000000</valUSD>
        <pctVal>0.007248034122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="990819.50590100"/>
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      </invstOrSec>
      <invstOrSec>
        <name>CHANGE Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>CHANGE HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3507750002"/>
          <other otherDesc="Internal" value="BD41Y74"/>
        </identifiers>
        <balance>146500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>846038.48000000</valUSD>
        <pctVal>0.005879159637</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="733425.84955500"/>
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      </invstOrSec>
      <invstOrSec>
        <name>IntegraFin Holdings plc</name>
        <lei>213800CYIZKXK9PQYE87</lei>
        <title>INTEGRAFIN HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BD45SH49"/>
          <other otherDesc="Internal" value="BD45SH4"/>
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        <balance>1133123.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>5026583.58000000</valUSD>
        <pctVal>0.034929956494</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Paradox Interactive AB (publ)</name>
        <lei>529900QNSZUY53R5WW95</lei>
        <title>PARADOX INTERACTIVE AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0008294953"/>
          <other otherDesc="Internal" value="BD4F658"/>
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        <balance>143238.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>2091303.50000000</valUSD>
        <pctVal>0.014532562546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hub24 Ltd</name>
        <lei>529900O2RAS904TFIR32</lei>
        <title>HUB24 LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000HUB4"/>
          <other otherDesc="Internal" value="BD4T5X1"/>
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        <balance>322335.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>19724148.50000000</valUSD>
        <pctVal>0.137063999439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OCI N.V.</name>
        <lei>549300NCMRGIBJYUOE57</lei>
        <title>OCI NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0010558797"/>
          <other otherDesc="Internal" value="BD4TZK8"/>
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        <balance>408449.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.012016868647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nishi-Nippon Financial Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>NISHI NIPPON FINANCIAL HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3658850007"/>
          <other otherDesc="Internal" value="BD57ZM3"/>
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        <balance>461400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.080507102520</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>SIG Group AG</name>
        <lei>5493004Z6P7TSVB1L042</lei>
        <title>SIG COMBIBLOC GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0435377954"/>
          <other otherDesc="Internal" value="BD5GN60"/>
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        <balance>1205306.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>19531143.96000000</valUSD>
        <pctVal>0.135722802167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="10599558.85651800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Money Forward, Inc.</name>
        <lei>35380017JS3GIGP6WN95</lei>
        <title>MONEY FORWARD INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3869960009"/>
          <other otherDesc="Internal" value="BD5ZWW6"/>
        </identifiers>
        <balance>176900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5415702.74000000</valUSD>
        <pctVal>0.037633963124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4592173.04126500"/>
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      <invstOrSec>
        <name>GLENVEAGH PROPERTIES PUBLIC LIMITED COMPANY</name>
        <lei>635400QUQ2YYGMOAK834</lei>
        <title>GLENVEAGH PROPERTIES PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BD6JX574"/>
          <other otherDesc="Internal" value="BD6JX57"/>
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        <balance>2041671.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5055995.78000000</valUSD>
        <pctVal>0.035134343201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gestamp Automocion, S.A.</name>
        <lei>95980020140005484363</lei>
        <title>GESTAMP AUTOMOCION SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105223004"/>
          <other otherDesc="Internal" value="BD6K6R3"/>
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        <balance>615674.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2333384.30000000</valUSD>
        <pctVal>0.016214792967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SASSEUR REAL ESTATE INVESTMENT TRUST</name>
        <lei>N/A</lei>
        <title>SASSEUR REAL ESTATE INVESTMENT TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1ED2000000"/>
          <other otherDesc="Internal" value="BD6RNW8"/>
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        <balance>2241400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>1181309.02000000</valUSD>
        <pctVal>0.008208969774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</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>Samhallsbyggnadsbolaget i Norden AB</name>
        <lei>549300HX9MRFY47AH564</lei>
        <title>SAMHALLSBYGGNADSBOLAGET I NORDEN AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0009554454"/>
          <other otherDesc="Internal" value="BD7Y737"/>
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        <balance>4575453.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>1665107.59000000</valUSD>
        <pctVal>0.011570907904</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Plejd AB</name>
        <lei>549300AOUXS7RTR3OV14</lei>
        <title>PLEJD AB</title>
        <cusip>W72642106</cusip>
        <identifiers>
          <isin value="SE0008014476"/>
          <other otherDesc="Internal" value="BD879L7"/>
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        <balance>31044.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>3382552.76000000</valUSD>
        <pctVal>0.023505512017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rakus Co Ltd</name>
        <lei>N/A</lei>
        <title>RAKUS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3967170006"/>
          <other otherDesc="Internal" value="BD87BM2"/>
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        <balance>640300.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>Sdiptech AB (publ)</name>
        <lei>549300JBO7VTEGMRW310</lei>
        <title>SDIPTECH AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0003756758"/>
          <other otherDesc="Internal" value="BD8YX16"/>
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        <balance>122905.00000000</balance>
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        <valUSD>3011140.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vitec Software Group AB (publ)</name>
        <lei>5493005EB5RV1QHE6H94</lei>
        <title>VITEC SOFTWARE GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0007871363"/>
          <other otherDesc="Internal" value="BD96BJ5"/>
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        <balance>130491.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KOMEDA Holdings Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KOMEDA HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3305580007"/>
          <other otherDesc="Internal" value="BD96HP3"/>
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        <balance>184900.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>X-FAB SILICON FOUNDRIES EUROPESE VENNOOTSCHAP</name>
        <lei>5493003UDPENPUQBJH65</lei>
        <title>X FAB SILICON FOUNDRIES SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974310428"/>
          <other otherDesc="Internal" value="BD97P41"/>
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        <balance>215521.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.011121025953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Neinor Homes, S.A.</name>
        <lei>959800FW4JL65YWSQ217</lei>
        <title>NEINOR HOMES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105251005"/>
          <other otherDesc="Internal" value="BD9BPN2"/>
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        <balance>173387.00000000</balance>
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        <valUSD>3392285.55000000</valUSD>
        <pctVal>0.023573145615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AMBU A/S</name>
        <lei>5299008W2A69WX355710</lei>
        <title>AMBU A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060946788"/>
          <other otherDesc="Internal" value="BD9G333"/>
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        <balance>740509.00000000</balance>
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        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>7340574.07000000</valUSD>
        <pctVal>0.051009980999</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TECHNOGYM S.P.A.</name>
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        <title>TECHNOGYM SPA</title>
        <cusip>N/A</cusip>
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          <isin value="IT0005162406"/>
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        <balance>434092.00000000</balance>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Basic-Fit N.V.</name>
        <lei>724500HUXGTQC07CAZ61</lei>
        <title>BASIC FIT NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0011872650"/>
          <other otherDesc="Internal" value="BD9Y9B7"/>
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        <balance>195539.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Charter Hall Long WALE REIT</name>
        <lei>N/A</lei>
        <title>CHARTER HALL LONG WALE REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CLW0"/>
          <other otherDesc="Internal" value="BDB46J2"/>
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        <balance>2520672.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IDP EDUCATION LIMITED</name>
        <lei>N/A</lei>
        <title>IDP EDUCATION LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000IEL5"/>
          <other otherDesc="Internal" value="BDB6DD1"/>
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        <balance>1113131.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TAMAR PETROLEUM LTD</name>
        <lei>N/A</lei>
        <title>TAMAR PETROLEUM LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011413577"/>
          <other otherDesc="Internal" value="BDC3QV0"/>
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        <balance>124432.00000000</balance>
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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>
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      <invstOrSec>
        <name>JOST Werke SE</name>
        <lei>529900G977BSS7DATK68</lei>
        <title>JOST WERKE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000JST4000"/>
          <other otherDesc="Internal" value="BDC3R17"/>
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        <balance>64978.00000000</balance>
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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>
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      <invstOrSec>
        <name>VALEO SE</name>
        <lei>5493006IH2N2WMIBB742</lei>
        <title>VALEO SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013176526"/>
          <other otherDesc="Internal" value="BDC5ST8"/>
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        <balance>821697.00000000</balance>
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        <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>Tokyu Fudosan Holdings Corporation</name>
        <lei>N/A</lei>
        <title>TOKYU FUDOSAN HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3569200003"/>
          <other otherDesc="Internal" value="BDC6LT2"/>
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        <balance>2271500.00000000</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>Xinyi Electric Storage Holdings Ltd</name>
        <lei>N/A</lei>
        <title>XINYI ELECTRIC STORAGE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9830W1096"/>
          <other otherDesc="Internal" value="BDC73M2"/>
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        <balance>1.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LaSalle LOGIPORT REIT</name>
        <lei>353800II3DI1RPKBB314</lei>
        <title>LASALLE LOGIPORT REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048180008"/>
          <other otherDesc="Internal" value="BDD1L29"/>
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        <balance>7161.00000000</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>
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      <invstOrSec>
        <name>Kuros Biosciences AG</name>
        <lei>N/A</lei>
        <title>KUROS BIOSCIENCES AG</title>
        <cusip>H4769G117</cusip>
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          <isin value="CH0325814116"/>
          <other otherDesc="Internal" value="BDD8CH2"/>
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        <balance>107996.00000000</balance>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAPRICORN METALS LTD</name>
        <lei>N/A</lei>
        <title>CAPRICORN METALS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CMM9"/>
          <other otherDesc="Internal" value="BDD98W2"/>
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        <balance>1620332.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>XPS PENSIONS GROUP PLC</name>
        <lei>2138004Y8OBPJEAACJ11</lei>
        <title>XPS PENSIONS GROUP PLC</title>
        <cusip>G9829Q105</cusip>
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          <isin value="GB00BDDN1T20"/>
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        <balance>758968.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oxford Biomedica PLC</name>
        <lei>213800S1GVQNXQ15K851</lei>
        <title>OXB</title>
        <cusip>G6836F189</cusip>
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          <isin value="GB00BDFBVT43"/>
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        <balance>330997.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Y.D. MORE INVESTMENTS LTD</name>
        <lei>8945002CZNG0EZOGOI09</lei>
        <title>YD MORE INVESTMENTS LTD</title>
        <cusip>M9879H107</cusip>
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          <isin value="IL0011414641"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EVT LIMITED</name>
        <lei>N/A</lei>
        <title>EVT LTD</title>
        <cusip>N/A</cusip>
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          <isin value="AU000000EVT1"/>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PROSEGUR CASH, S.A.</name>
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        <title>PROSEGUR CASH SA</title>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AcadeMedia AB</name>
        <lei>549300H47PGHY4JNKO68</lei>
        <title>ACADEMEDIA AB</title>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alfa Financial Software Holdings PLC</name>
        <lei>213800C5UOZHUTNUGA28</lei>
        <title>ALFA FINANCIAL SOFTWARE HOLDINGS PLC</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>TIKEHAU CAPITAL SCA</name>
        <lei>969500BY8TEU16U3SJ94</lei>
        <title>TIKEHAU CAPITAL SCA</title>
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          <other otherDesc="Internal" value="BDRJ2B5"/>
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        <balance>103181.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>GENTING SINGAPORE LIMITED</name>
        <lei>254900Y2N3AK93K1O866</lei>
        <title>GENTING SINGAPORE LTD</title>
        <cusip>N/A</cusip>
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          <isin value="SGXE21576413"/>
          <other otherDesc="Internal" value="BDRTVP2"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RUBIS SCA</name>
        <lei>N/A</lei>
        <title>RUBIS SCA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013269123"/>
          <other otherDesc="Internal" value="BDT88L2"/>
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        <balance>290227.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bilia AB</name>
        <lei>2138002GW5WN1UYZAO32</lei>
        <title>BILIA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0009921588"/>
          <other otherDesc="Internal" value="BDVLJ38"/>
        </identifiers>
        <balance>250054.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>3401671.48000000</valUSD>
        <pctVal>0.023638368866</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BioArctic AB</name>
        <lei>549300Y0OI2WVUNHLC33</lei>
        <title>BIOARCTIC AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0010323311"/>
          <other otherDesc="Internal" value="BDVP4H9"/>
        </identifiers>
        <balance>176128.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>6176951.22000000</valUSD>
        <pctVal>0.042923913220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ODFJELL DRILLING LTD</name>
        <lei>529900M08ZU24JXMPB85</lei>
        <title>ODFJELL DRILLING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG671801022"/>
          <other otherDesc="Internal" value="BDX87W2"/>
        </identifiers>
        <balance>470409.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>5046969.10000000</valUSD>
        <pctVal>0.035071616394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Befesa S.A.</name>
        <lei>222100VXGA8L6J4ZWG61</lei>
        <title>BEFESA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU1704650164"/>
          <other otherDesc="Internal" value="BDZRDG3"/>
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        <balance>132832.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5091724.26000000</valUSD>
        <pctVal>0.035382622023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Crystal International Group Ltd</name>
        <lei>N/A</lei>
        <title>CRYSTAL INTERNATIONAL GROUP LTD</title>
        <cusip>G2701R101</cusip>
        <identifiers>
          <isin value="KYG2701R1011"/>
          <other otherDesc="Internal" value="BF09MJ4"/>
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        <balance>2328000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>1975901.39000000</valUSD>
        <pctVal>0.013730628067</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>
      <invstOrSec>
        <name>Aroundtown SA</name>
        <lei>529900H4DWG3KWMBMQ39</lei>
        <title>AROUNDTOWN SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU1673108939"/>
          <other otherDesc="Internal" value="BF0CK44"/>
        </identifiers>
        <balance>3055060.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>8833099.87000000</valUSD>
        <pctVal>0.061381610244</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KATITAS Co., Ltd.</name>
        <lei>N/A</lei>
        <title>KATITAS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3932950003"/>
          <other otherDesc="Internal" value="BF0QD69"/>
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        <balance>200100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3994516.76000000</valUSD>
        <pctVal>0.027758077513</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>JAPAN ELEVATOR SERVICE HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>JAPAN ELEVATOR SERVICE HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3389510003"/>
          <other otherDesc="Internal" value="BF0QWT5"/>
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        <balance>560500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5670612.77000000</valUSD>
        <pctVal>0.039405344444</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>Idorsia Ltd</name>
        <lei>506700XOVZUB107S5720</lei>
        <title>IDORSIA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0363463438"/>
          <other otherDesc="Internal" value="BF0YK62"/>
        </identifiers>
        <balance>608422.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>2868658.92000000</valUSD>
        <pctVal>0.019934440495</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Arjo AB (publ)</name>
        <lei>549300OWGJPYKC6JF790</lei>
        <title>ARJO AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0010468116"/>
          <other otherDesc="Internal" value="BF17YL3"/>
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        <balance>812961.00000000</balance>
        <units>NS</units>
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        <pctVal>0.014912111959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PKSHA Technology Inc.</name>
        <lei>N/A</lei>
        <title>PKSHA TECHNOLOGY INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3780050005"/>
          <other otherDesc="Internal" value="BF1CV17"/>
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        <balance>79300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.011632575885</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>
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      <invstOrSec>
        <name>WAVESTONE SA</name>
        <lei>969500GSN25I3B3X6F94</lei>
        <title>WAVESTONE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013357621"/>
          <other otherDesc="Internal" value="BF1HKP9"/>
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        <balance>29688.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.011133287543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FOOD &amp; LIFE COMPANIES LTD.</name>
        <lei>N/A</lei>
        <title>FOOD LIFE COS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3397150008"/>
          <other otherDesc="Internal" value="BF1HPT8"/>
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        <balance>435800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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>RINGKJOEBING LANDBOBANK. AKTIESELSKAB</name>
        <lei>2138002M5U5K4OUMVV62</lei>
        <title>RINGKJOEBING LANDBOBANK A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060854669"/>
          <other otherDesc="Internal" value="BF1KD82"/>
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        <balance>100514.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
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        <pctVal>0.174522221558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MPC CONTAINER SHIPS ASA</name>
        <lei>213800MXS7CXYJ2Q1805</lei>
        <title>MPC CONTAINER SHIPS ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010791353"/>
          <other otherDesc="Internal" value="BF20GN7"/>
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        <balance>1445132.00000000</balance>
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        <valUSD>3437376.29000000</valUSD>
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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>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mips AB</name>
        <lei>549300LZSA4S0L54VQ25</lei>
        <title>MIPS AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0009216278"/>
          <other otherDesc="Internal" value="BF2CVV6"/>
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        <balance>103860.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AAK AB (publ)</name>
        <lei>549300GK4LGIDDWJWL07</lei>
        <title>AAK AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0011337708"/>
          <other otherDesc="Internal" value="BF2FPV3"/>
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        <balance>712799.00000000</balance>
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        <pctVal>0.142084421018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAIRN HOMES PUBLIC LIMITED COMPANY</name>
        <lei>635400DPX6WP2KKDOA83</lei>
        <title>CAIRN HOMES PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BWY4ZF18"/>
          <other otherDesc="Internal" value="BF2NP06"/>
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        <balance>2453702.00000000</balance>
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        <pctVal>0.043625652334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SUPERMARKET INCOME REIT PLC</name>
        <lei>2138007FOINJKAM7L537</lei>
        <title>SUPERMARKET INCOME REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BF345X11"/>
          <other otherDesc="Internal" value="BF345X1"/>
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        <balance>4942445.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bonesupport Holding AB</name>
        <lei>549300COLY053IGTLD63</lei>
        <title>BONESUPPORT HOLDING AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0009858152"/>
          <other otherDesc="Internal" value="BF3NMS2"/>
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        <balance>223003.00000000</balance>
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        <valUSD>5383814.41000000</valUSD>
        <pctVal>0.037412369678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Genky DrugStores Co., Ltd.</name>
        <lei>N/A</lei>
        <title>GENKY DRUGSTORES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3282750003"/>
          <other otherDesc="Internal" value="BF41GY9"/>
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        <balance>68200.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1585915.35000000</valUSD>
        <pctVal>0.011020597449</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>Landis+Gyr Group AG</name>
        <lei>N/A</lei>
        <title>LANDIS GYR GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0371153492"/>
          <other otherDesc="Internal" value="BF41XY8"/>
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        <balance>102558.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>6877889.81000000</valUSD>
        <pctVal>0.047794767163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GENERATION DEVELOPMENT GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>GENERATION DEVELOPMENT GROUP LTD</title>
        <cusip>Q40073100</cusip>
        <identifiers>
          <isin value="AU0000005126"/>
          <other otherDesc="Internal" value="BF42CQ6"/>
        </identifiers>
        <balance>1233378.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3519500.79000000</valUSD>
        <pctVal>0.024457170067</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="741559.54524800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMICORE SA</name>
        <lei>529900F3AIQECS8ZSV61</lei>
        <title>UMICORE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974320526"/>
          <other otherDesc="Internal" value="BF44466"/>
        </identifiers>
        <balance>778902.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>15753482.44000000</valUSD>
        <pctVal>0.109471661517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Estate Logistics REIT Investment Corporation</name>
        <lei>353800YYSGZU31ICQK38</lei>
        <title>MITSUBISHI ESTATE LOGISTICS REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048480002"/>
          <other otherDesc="Internal" value="BF46Y06"/>
        </identifiers>
        <balance>5502.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4274010.48000000</valUSD>
        <pctVal>0.029700292006</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>LION FINANCE GROUP PLC</name>
        <lei>213800XKDG12NQG8VC53</lei>
        <title>LION FINANCE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BF4HYT85"/>
          <other otherDesc="Internal" value="BF4HYT8"/>
        </identifiers>
        <balance>137191.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>20609760.66000000</valUSD>
        <pctVal>0.143218158367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GEORGIA CAPITAL PLC</name>
        <lei>213800Q65T5GNBOW7H65</lei>
        <title>GEORGIA CAPITAL PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BF4HYV08"/>
          <other otherDesc="Internal" value="BF4HYV0"/>
        </identifiers>
        <balance>118271.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>6301017.51000000</valUSD>
        <pctVal>0.043786055476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JTC PLC</name>
        <lei>213800DVUG4KLF2ASK33</lei>
        <title>JTC PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BF4X3P53"/>
          <other otherDesc="Internal" value="BF4X3P5"/>
        </identifiers>
        <balance>610037.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>10891012.71000000</valUSD>
        <pctVal>0.075682139585</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yellow Cake PLC</name>
        <lei>213800CVMYUGOA9EZY95</lei>
        <title>YELLOW CAKE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BF50RG45"/>
          <other otherDesc="Internal" value="BF50RG4"/>
        </identifiers>
        <balance>942943.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>7791918.51000000</valUSD>
        <pctVal>0.054146393913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Netwealth Group Ltd</name>
        <lei>N/A</lei>
        <title>NETWEALTH GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NWL7"/>
          <other otherDesc="Internal" value="BF52PL1"/>
        </identifiers>
        <balance>478048.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>8210199.39000000</valUSD>
        <pctVal>0.057053046654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TIME INTERCONNECT TECHNOLOGY LIMITED</name>
        <lei>836800A7VIET4HSVR455</lei>
        <title>TIME INTERCONNECT TECHNOLOGY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8879R1048"/>
          <other otherDesc="Internal" value="BF5BQF9"/>
        </identifiers>
        <balance>2345000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>6196289.18000000</valUSD>
        <pctVal>0.043058293578</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NETLINK NBN TRUST</name>
        <lei>25490032IBVZHHXJIM98</lei>
        <title>NETLINK NBN TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1DH9000006"/>
          <other otherDesc="Internal" value="BF5GLW6"/>
        </identifiers>
        <balance>11544000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>9160465.12000000</valUSD>
        <pctVal>0.063656486163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="732265.87081900"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREAT PORTLAND ESTATES P L C</name>
        <lei>213800JMEDD2Q4N1MC42</lei>
        <title>GREAT PORTLAND ESTATES PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BF5H9P87"/>
          <other otherDesc="Internal" value="BF5H9P8"/>
        </identifiers>
        <balance>1356630.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>5707936.79000000</valUSD>
        <pctVal>0.039664710746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEALTH AND HAPPINESS (H&amp;H) INTERNATIONAL HOLDINGS LIMITED</name>
        <lei>2138007WU5DJFZFDDV59</lei>
        <title>HEALTH HAPPINESS H H INTERNATIONAL HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG4387E1070"/>
          <other otherDesc="Internal" value="BF5L8M0"/>
        </identifiers>
        <balance>891500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>1633786.81000000</valUSD>
        <pctVal>0.011353258388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pharmanutra SpA</name>
        <lei>815600F8217BC7733697</lei>
        <title>PHARMANUTRA SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005274094"/>
          <other otherDesc="Internal" value="BF7LFB6"/>
        </identifiers>
        <balance>13498.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1248343.57000000</valUSD>
        <pctVal>0.008674795891</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELIX PHARMACEUTICALS LIMITED</name>
        <lei>894500HTWOOGIHLLSB86</lei>
        <title>TELIX PHARMACEUTICALS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000TLX2"/>
          <other otherDesc="Internal" value="BF7M092"/>
        </identifiers>
        <balance>1070921.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>11778546.57000000</valUSD>
        <pctVal>0.081849652493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="11660752.41546600"/>
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      </invstOrSec>
      <invstOrSec>
        <name>OPC Energy Ltd.</name>
        <lei>N/A</lei>
        <title>OPC ENERGY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011415713"/>
          <other otherDesc="Internal" value="BF8KKX9"/>
        </identifiers>
        <balance>653402.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>27343491.89000000</valUSD>
        <pctVal>0.190011161043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="33269.06873900"/>
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      </invstOrSec>
      <invstOrSec>
        <name>ABERDEEN GROUP PLC</name>
        <lei>0TMBS544NMO7GLCE7H90</lei>
        <title>ABERDEEN GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BF8Q6K64"/>
          <other otherDesc="Internal" value="BF8Q6K6"/>
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        <balance>7249185.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>20486813.29000000</valUSD>
        <pctVal>0.142363791536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nyfosa AB</name>
        <lei>5493000YR2B83SILCJ50</lei>
        <title>NYFOSA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0011426428"/>
          <other otherDesc="Internal" value="BFD2NK8"/>
        </identifiers>
        <balance>663328.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>4813622.81000000</valUSD>
        <pctVal>0.033450082477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iida Group Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>IIDA GROUP HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3131090007"/>
          <other otherDesc="Internal" value="BFDTBS3"/>
        </identifiers>
        <balance>608700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8609667.62000000</valUSD>
        <pctVal>0.059828969440</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>SG HOLDINGS CO.,LTD.</name>
        <lei>N/A</lei>
        <title>SG HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3162770006"/>
          <other otherDesc="Internal" value="BFFY885"/>
        </identifiers>
        <balance>1141500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10683377.57000000</valUSD>
        <pctVal>0.074239273612</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>Fabege AB</name>
        <lei>549300JNPI46XNH0PM97</lei>
        <title>FABEGE AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0011166974"/>
          <other otherDesc="Internal" value="BFM6T36"/>
        </identifiers>
        <balance>789559.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>6633745.57000000</valUSD>
        <pctVal>0.046098197804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Harvia Oyj</name>
        <lei>7437002ULTBOWQQOXL69</lei>
        <title>HARVIA OYJ</title>
        <cusip>X0005X106</cusip>
        <identifiers>
          <isin value="FI4000306873"/>
          <other otherDesc="Internal" value="BFMNCT4"/>
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        <balance>63411.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2641991.66000000</valUSD>
        <pctVal>0.018359319460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="912620.60716000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SRG GLOBAL LIMITED</name>
        <lei>N/A</lei>
        <title>SRG GLOBAL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000032914"/>
          <other otherDesc="Internal" value="BFMZB82"/>
        </identifiers>
        <balance>2276348.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4754769.84000000</valUSD>
        <pctVal>0.033041110529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corbion N.V.</name>
        <lei>724500BKS1TSAVLTWG46</lei>
        <title>CORBION NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0010583399"/>
          <other otherDesc="Internal" value="BFRSRR7"/>
        </identifiers>
        <balance>206500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4614747.13000000</valUSD>
        <pctVal>0.032068086388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cembra Money Bank AG</name>
        <lei>549300ZDHOETLAIVTE82</lei>
        <title>CEMBRA MONEY BANK AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0225173167"/>
          <other otherDesc="Internal" value="BFSSBH4"/>
        </identifiers>
        <balance>119226.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>14579950.47000000</valUSD>
        <pctVal>0.101316734815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AEON REIT Investment Corporation.</name>
        <lei>353800P59F8MJB4FE788</lei>
        <title>AEON REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047650001"/>
          <other otherDesc="Internal" value="BFSSCF9"/>
        </identifiers>
        <balance>6340.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5083505.67000000</valUSD>
        <pctVal>0.035325510670</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>M&amp;A Capital Partners Co Ltd</name>
        <lei>N/A</lei>
        <title>M A CAPITAL PARTNERS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3167320005"/>
          <other otherDesc="Internal" value="BFTRL69"/>
        </identifiers>
        <balance>61800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1275584.00000000</valUSD>
        <pctVal>0.008864090871</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>CRE Logistics REIT, Inc.</name>
        <lei>N/A</lei>
        <title>CRE LOGISTICS REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048680007"/>
          <other otherDesc="Internal" value="BFXZ9X2"/>
        </identifiers>
        <balance>2254.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2230334.53000000</valUSD>
        <pctVal>0.015498695457</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>TomTom N.V.</name>
        <lei>724500WAU923OTVC7M86</lei>
        <title>TOMTOM NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0013332471"/>
          <other otherDesc="Internal" value="BFY1TC8"/>
        </identifiers>
        <balance>232952.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1278455.86000000</valUSD>
        <pctVal>0.008884047556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Netcompany Group A/S</name>
        <lei>5299006DEGAWX1Z1X779</lei>
        <title>NETCOMPANY GROUP A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060952919"/>
          <other otherDesc="Internal" value="BFYDWS1"/>
        </identifiers>
        <balance>158949.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>9079995.18000000</valUSD>
        <pctVal>0.063097296912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="6053330.11999800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Mutares SE &amp; Co. KGaA</name>
        <lei>391200NWMO6NLQFSCU64</lei>
        <title>MUTARES SE CO KGAA</title>
        <cusip>D5624A157</cusip>
        <identifiers>
          <isin value="DE000A2NB650"/>
          <other otherDesc="Internal" value="BFYG8K4"/>
        </identifiers>
        <balance>66127.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1915446.34000000</valUSD>
        <pctVal>0.013310523192</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1515713.10709800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daishi Hokuetsu Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>DAISHI HOKUETSU FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3483850008"/>
          <other otherDesc="Internal" value="BFYGQ44"/>
        </identifiers>
        <balance>813300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10140471.13000000</valUSD>
        <pctVal>0.070466592221</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>BETTER COLLECTIVE A/S</name>
        <lei>2549001EPXH6NK7I2R78</lei>
        <title>BETTER COLLECTIVE A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060952240"/>
          <other otherDesc="Internal" value="BFYR3S0"/>
        </identifiers>
        <balance>133430.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>2055048.17000000</valUSD>
        <pctVal>0.014280622619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1343412.85039300"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Lumo Kodit Oyj</name>
        <lei>7437007YPUOQZ8OV1R42</lei>
        <title>LUMO KODIT OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000312251"/>
          <other otherDesc="Internal" value="BFYR8L8"/>
        </identifiers>
        <balance>591620.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5634687.80000000</valUSD>
        <pctVal>0.039155700204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dermapharm Holding SE</name>
        <lei>5299009F0KNZINQQQK37</lei>
        <title>DERMAPHARM HOLDING SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A2GS5D8"/>
          <other otherDesc="Internal" value="BFYTTC2"/>
        </identifiers>
        <balance>52981.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2882095.56000000</valUSD>
        <pctVal>0.020027812314</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1475346.13696800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Bellevue Gold Ltd</name>
        <lei>N/A</lei>
        <title>BELLEVUE GOLD LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000019374"/>
          <other otherDesc="Internal" value="BFZ31P0"/>
        </identifiers>
        <balance>5794994.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>6300600.09000000</valUSD>
        <pctVal>0.043783154806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CPI Europe AG</name>
        <lei>5299000DUMZ99SBBX121</lei>
        <title>CPI EUROPE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000A21KS2"/>
          <other otherDesc="Internal" value="BFZ5BQ7"/>
        </identifiers>
        <balance>136591.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2500835.76000000</valUSD>
        <pctVal>0.017378420731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vitrolife AB</name>
        <lei>5493001WDZMONMSPPR49</lei>
        <title>VITROLIFE AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0011205202"/>
          <other otherDesc="Internal" value="BFZCSN4"/>
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        <balance>293523.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>3343642.14000000</valUSD>
        <pctVal>0.023235120360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Impro Precision Industries Ltd</name>
        <lei>N/A</lei>
        <title>IMPRO PRECISION INDUSTRIES LTD</title>
        <cusip>G4723A108</cusip>
        <identifiers>
          <isin value="KYG4723A1085"/>
          <other otherDesc="Internal" value="BFZL5G3"/>
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        <balance>1850000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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        <pctVal>0.017123520441</pctVal>
        <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>
      <invstOrSec>
        <name>AJ BELL PLC</name>
        <lei>213800VNKA7DPWXWJJ36</lei>
        <title>AJ BELL PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BFZNLB60"/>
          <other otherDesc="Internal" value="BFZNLB6"/>
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        <balance>1345743.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Mercari, Inc.</name>
        <lei>3538009SK4V5AXSTUJ26</lei>
        <title>MERCARI INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3921290007"/>
          <other otherDesc="Internal" value="BG0GM14"/>
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        <balance>455700.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CapitaLand Ascott Trust</name>
        <lei>N/A</lei>
        <title>CAPITALAND ASCOTT TRUST</title>
        <cusip>N/A</cusip>
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          <isin value="SGXC16332337"/>
          <other otherDesc="Internal" value="BG0RZ29"/>
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        <balance>10641296.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
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        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</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>FDJ UNITED</name>
        <lei>969500R4CLSQFTYYI535</lei>
        <title>FDJ UNITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013451333"/>
          <other otherDesc="Internal" value="BG0SC10"/>
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        <balance>439366.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>11936289.39000000</valUSD>
        <pctVal>0.082945814479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sensirion Holding AG</name>
        <lei>N/A</lei>
        <title>SENSIRION HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0406705126"/>
          <other otherDesc="Internal" value="BG0SQC9"/>
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        <balance>37035.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>3206654.64000000</valUSD>
        <pctVal>0.022283188031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELKEM ASA</name>
        <lei>549300CVBE06T0SH6T76</lei>
        <title>ELKEM ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010816093"/>
          <other otherDesc="Internal" value="BG0T3J8"/>
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        <balance>1152720.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>3371799.63000000</valUSD>
        <pctVal>0.023430788030</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOSiLA Logistics REIT, Inc.</name>
        <lei>N/A</lei>
        <title>SOSILA LOGISTICS REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048960003"/>
          <other otherDesc="Internal" value="BG0WNL9"/>
        </identifiers>
        <balance>2810.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2205927.63000000</valUSD>
        <pctVal>0.015329090806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENERGEAN PLC</name>
        <lei>549300RVMKU0CYUZBB05</lei>
        <title>ENERGEAN PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BG12Y042"/>
          <other otherDesc="Internal" value="BG12Y04"/>
        </identifiers>
        <balance>554625.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>6743296.44000000</valUSD>
        <pctVal>0.046859471752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CAREL INDUSTRIES S.P.A.</name>
        <lei>815600115DA6E507AE33</lei>
        <title>CAREL INDUSTRIES SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005331019"/>
          <other otherDesc="Internal" value="BG1VQ16"/>
        </identifiers>
        <balance>199282.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6081068.68000000</valUSD>
        <pctVal>0.042257621115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MTG Co., Ltd.</name>
        <lei>N/A</lei>
        <title>MTG CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3167430002"/>
          <other otherDesc="Internal" value="BG1VQG1"/>
        </identifiers>
        <balance>48000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1803455.32000000</valUSD>
        <pctVal>0.012532292533</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>FATTAL HOLDINGS (1998) LTD</name>
        <lei>N/A</lei>
        <title>FATTAL HOLDINGS 1998 LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011434292"/>
          <other otherDesc="Internal" value="BG1YKN5"/>
        </identifiers>
        <balance>29403.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>7347531.11000000</valUSD>
        <pctVal>0.051058325784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRITAX BIG BOX REIT PLC</name>
        <lei>213800L6X88MIYPVR714</lei>
        <title>TRITAX BIG BOX REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BG49KP99"/>
          <other otherDesc="Internal" value="BG49KP9"/>
        </identifiers>
        <balance>8807610.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>18078493.80000000</valUSD>
        <pctVal>0.125628270546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SSP GROUP PLC</name>
        <lei>213800QGNIWTXFMENJ24</lei>
        <title>SSP GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BGBN7C04"/>
          <other otherDesc="Internal" value="BGBN7C0"/>
        </identifiers>
        <balance>3100047.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>6703018.66000000</valUSD>
        <pctVal>0.046579579638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RIGHTMOVE PLC</name>
        <lei>2138001JXGCFKBXYB828</lei>
        <title>RIGHTMOVE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BGDT3G23"/>
          <other otherDesc="Internal" value="BGDT3G2"/>
        </identifiers>
        <balance>2991466.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>17642138.66000000</valUSD>
        <pctVal>0.122596018956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JENOPTIK Aktiengesellschaft</name>
        <lei>529900P34GDHGXK6VB37</lei>
        <title>JENOPTIK AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A2NB601"/>
          <other otherDesc="Internal" value="BGJVB13"/>
        </identifiers>
        <balance>204257.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>8038332.69000000</valUSD>
        <pctVal>0.055858737187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMI PLC</name>
        <lei>2138002W9Q21PF751R30</lei>
        <title>IMI PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BGLP8L22"/>
          <other otherDesc="Internal" value="BGLP8L2"/>
        </identifiers>
        <balance>972786.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>37051533.76000000</valUSD>
        <pctVal>0.257472782792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NINE ENTERTAINMENT CO. HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>NINE ENTERTAINMENT CO HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000NEC4"/>
          <other otherDesc="Internal" value="BGQV183"/>
        </identifiers>
        <balance>4996692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3457468.51000000</valUSD>
        <pctVal>0.024026104950</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CTT - CORREIOS DE PORTUGAL, S.A.</name>
        <lei>529900G4A1IKOKC22K56</lei>
        <title>CTT CORREIOS DE PORTUGAL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PTCTT0AM0001"/>
          <other otherDesc="Internal" value="BGQYC45"/>
        </identifiers>
        <balance>324250.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2439363.39000000</valUSD>
        <pctVal>0.016951246453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SkiStar AB</name>
        <lei>529900CD7HSJ1CZS7089</lei>
        <title>SKISTAR AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0012141687"/>
          <other otherDesc="Internal" value="BGSCRG4"/>
        </identifiers>
        <balance>146607.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>2541690.41000000</valUSD>
        <pctVal>0.017662321541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NTG Nordic Transport Group A/S</name>
        <lei>529900PZWXV8JX89K947</lei>
        <title>NTG NORDIC TRANSPORT GROUP A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0061141215"/>
          <other otherDesc="Internal" value="BGV1V77"/>
        </identifiers>
        <balance>43976.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>1286027.69000000</valUSD>
        <pctVal>0.008936664545</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="990401.57761500"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Kasumigaseki Capital Co.,Ltd.</name>
        <lei>353800K2AQIR06QHCT28</lei>
        <title>KASUMIGASEKI CAPITAL CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3211050004"/>
          <other otherDesc="Internal" value="BGXQL47"/>
        </identifiers>
        <balance>76800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3192147.41000000</valUSD>
        <pctVal>0.022182376634</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>Alpha HPA Ltd</name>
        <lei>254900674LNVWNRXKB06</lei>
        <title>ALPHA HPA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000033060"/>
          <other otherDesc="Internal" value="BH0K666"/>
        </identifiers>
        <balance>4507437.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2066364.61000000</valUSD>
        <pctVal>0.014359261072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="425186.53431100"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Mebuki Financial Group, Inc.</name>
        <lei>353800K1RXV3E3JAE812</lei>
        <title>MEBUKI FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3117700009"/>
          <other otherDesc="Internal" value="BH0VTS2"/>
        </identifiers>
        <balance>3365900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>27944839.57000000</valUSD>
        <pctVal>0.194189953251</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>KLN Logistics Group Limited</name>
        <lei>254900G739TFTQCVKO70</lei>
        <title>KLN LOGISTICS GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG524181036"/>
          <other otherDesc="Internal" value="BH0W286"/>
        </identifiers>
        <balance>1445388.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>1244914.65000000</valUSD>
        <pctVal>0.008650968171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="113691.77950800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Platzer Fastigheter Holding AB (publ)</name>
        <lei>5493009KPII4BZE70820</lei>
        <title>PLATZER FASTIGHETER HOLDING AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0004977692"/>
          <other otherDesc="Internal" value="BH0WHG9"/>
        </identifiers>
        <balance>240525.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>1800143.78000000</valUSD>
        <pctVal>0.012509280491</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unicaja Banco, S.A.</name>
        <lei>5493007SJLLCTM6J6M37</lei>
        <title>UNICAJA BANCO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0180907000"/>
          <other otherDesc="Internal" value="BH4H4H0"/>
        </identifiers>
        <balance>4072278.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>13219973.48000000</valUSD>
        <pctVal>0.091866193242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORORA LIMITED</name>
        <lei>549300WFEQJK35VDF789</lei>
        <title>ORORA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ORA8"/>
          <other otherDesc="Internal" value="BH4TCW7"/>
        </identifiers>
        <balance>4840625.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4621405.95000000</valUSD>
        <pctVal>0.032114358829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>K&amp;O Energy Group Inc.</name>
        <lei>N/A</lei>
        <title>K O ENERGY GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3277020008"/>
          <other otherDesc="Internal" value="BH4TD79"/>
        </identifiers>
        <balance>49300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1501826.32000000</valUSD>
        <pctVal>0.010436258978</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>Valmet Oyj</name>
        <lei>213800D9O7FUQDH83V62</lei>
        <title>VALMET OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000074984"/>
          <other otherDesc="Internal" value="BH6XZT5"/>
        </identifiers>
        <balance>577575.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>15081205.58000000</valUSD>
        <pctVal>0.104799979231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>F.I.L.A - FABBRICA ITALIANA LAPIS ED AFFINI - SOCIETA PER AZIONI</name>
        <lei>81560094A389646CAF21</lei>
        <title>FILA SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0004967292"/>
          <other otherDesc="Internal" value="BH89L26"/>
        </identifiers>
        <balance>132896.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1450552.14000000</valUSD>
        <pctVal>0.010079952384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="387480.44312800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WingArc1st Inc.</name>
        <lei>N/A</lei>
        <title>WINGARC1ST INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3154360006"/>
          <other otherDesc="Internal" value="BHHDV30"/>
        </identifiers>
        <balance>77000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1313176.44000000</valUSD>
        <pctVal>0.009125322435</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>Charter Hall Social Infrastructure REIT</name>
        <lei>254900W31UGIMDQW3W98</lei>
        <title>CHARTER HALL SOCIAL INFRASTRUCTURE REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000030645"/>
          <other otherDesc="Internal" value="BHJVMY0"/>
        </identifiers>
        <balance>1343472.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2514805.56000000</valUSD>
        <pctVal>0.017475497503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mader Group Ltd</name>
        <lei>N/A</lei>
        <title>MADER GROUP LTD</title>
        <cusip>Q57126106</cusip>
        <identifiers>
          <isin value="AU0000056269"/>
          <other otherDesc="Internal" value="BHNG8Z4"/>
        </identifiers>
        <balance>180658.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>978086.99000000</valUSD>
        <pctVal>0.006796770702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="523092.30036700"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOBVISTA INC.</name>
        <lei>N/A</lei>
        <title>MOBVISTA INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG622681008"/>
          <other otherDesc="Internal" value="BHR7002"/>
        </identifiers>
        <balance>2198000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>4596112.23000000</valUSD>
        <pctVal>0.031938591626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hulic Reit, Inc.</name>
        <lei>N/A</lei>
        <title>HULIC REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047660000"/>
          <other otherDesc="Internal" value="BJ04C42"/>
        </identifiers>
        <balance>5123.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5345093.67000000</valUSD>
        <pctVal>0.037143297505</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>Isracard Ltd.</name>
        <lei>N/A</lei>
        <title>ISRACARD LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011574030"/>
          <other otherDesc="Internal" value="BJ0CJC3"/>
        </identifiers>
        <balance>781601.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>3992153.63000000</valUSD>
        <pctVal>0.027741656016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAN GROUP PLC</name>
        <lei>2549003YWC1DW6LALB09</lei>
        <title>MAN GROUP PLC JERSEY</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BJ1DLW90"/>
          <other otherDesc="Internal" value="BJ1DLW9"/>
        </identifiers>
        <balance>4582028.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>15832519.77000000</valUSD>
        <pctVal>0.110020895496</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXI SPA</name>
        <lei>N/A</lei>
        <title>NEXI SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005366767"/>
          <other otherDesc="Internal" value="BJ1F880"/>
        </identifiers>
        <balance>2070275.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>9868128.83000000</valUSD>
        <pctVal>0.068574073269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IRISH RESIDENTIAL PROPERTIES REIT PUBLIC LIMITED COMPANY</name>
        <lei>635400EOPACLULRENY18</lei>
        <title>IRISH RESIDENTIAL PROPERTIES REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BJ34P519"/>
          <other otherDesc="Internal" value="BJ34P51"/>
        </identifiers>
        <balance>2188161.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2753040.15000000</valUSD>
        <pctVal>0.019131000437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIPHAR PUBLIC LIMITED COMPANY</name>
        <lei>21380028LJSQGRUAX965</lei>
        <title>UNIPHAR PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BJ5FQX74"/>
          <other otherDesc="Internal" value="BJ5FQX7"/>
        </identifiers>
        <balance>973576.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4753370.62000000</valUSD>
        <pctVal>0.033031387286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PETS AT HOME GROUP PLC</name>
        <lei>2138003Y9ULD24PD3J93</lei>
        <title>PETS AT HOME GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BJ62K685"/>
          <other otherDesc="Internal" value="BJ62K68"/>
        </identifiers>
        <balance>1761666.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>4314935.72000000</valUSD>
        <pctVal>0.029984683349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stadler Rail AG</name>
        <lei>506700781XDET0A89669</lei>
        <title>STADLER RAIL AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0002178181"/>
          <other otherDesc="Internal" value="BJ7HN18"/>
        </identifiers>
        <balance>218266.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>6376438.23000000</valUSD>
        <pctVal>0.044310157469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TeamViewer SE</name>
        <lei>3912000FZ0R0KEK9JS42</lei>
        <title>TEAMVIEWER SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A2YN900"/>
          <other otherDesc="Internal" value="BJ7WGS1"/>
        </identifiers>
        <balance>594376.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3320995.23000000</valUSD>
        <pctVal>0.023077745959</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="285681.93552500"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Troax Group AB (publ)</name>
        <lei>5493003TBEWGBIEG1X97</lei>
        <title>TROAX GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0012729366"/>
          <other otherDesc="Internal" value="BJ84HW7"/>
        </identifiers>
        <balance>153162.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>1765068.57000000</valUSD>
        <pctVal>0.012265541272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WATCHES OF SWITZERLAND GROUP PLC</name>
        <lei>2138008ZOT5K9PJW7168</lei>
        <title>WATCHES OF SWITZERLAND GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BJDQQ870"/>
          <other otherDesc="Internal" value="BJDQQ87"/>
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        <balance>868267.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>6076924.99000000</valUSD>
        <pctVal>0.042228826426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eagle Hospitality Trust</name>
        <lei>N/A</lei>
        <title>EAGLE HOSPITALITY TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXC28500103"/>
          <other otherDesc="Internal" value="BJFD6P3"/>
        </identifiers>
        <balance>1640200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16.40000000</valUSD>
        <pctVal>0.000000113964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4.99939000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>CRODA INTERNATIONAL PUBLIC LIMITED COMPANY</name>
        <lei>2138004WCNBFJEEOXV26</lei>
        <title>CRODA INTERNATIONAL PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BJFFLV09"/>
          <other otherDesc="Internal" value="BJFFLV0"/>
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        <balance>522914.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>20281934.84000000</valUSD>
        <pctVal>0.140940081927</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TARGET HEALTHCARE REIT PLC</name>
        <lei>213800RXPY9WULUSBC04</lei>
        <title>TARGET HEALTHCARE REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BJGTLF51"/>
          <other otherDesc="Internal" value="BJGTLF5"/>
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        <balance>2456315.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3489496.86000000</valUSD>
        <pctVal>0.024248671402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ninety One PLC</name>
        <lei>549300G0TJCT3K15ZG14</lei>
        <title>NINETY ONE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BJHPLV88"/>
          <other otherDesc="Internal" value="BJHPLV8"/>
        </identifiers>
        <balance>1098058.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3222340.09000000</valUSD>
        <pctVal>0.022392186932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hirogin Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>HIROGIN HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3796150005"/>
          <other otherDesc="Internal" value="BJK6DZ6"/>
        </identifiers>
        <balance>960000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11340861.10000000</valUSD>
        <pctVal>0.078808156379</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>HOME REIT PLC</name>
        <lei>213800A53AOVH3FCGG44</lei>
        <title>HOME REIT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BJP5HK17"/>
          <other otherDesc="Internal" value="BJP5HK1"/>
        </identifiers>
        <balance>2902642.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>391027.16000000</valUSD>
        <pctVal>0.002717265408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DETERRA ROYALTIES LIMITED</name>
        <lei>N/A</lei>
        <title>DETERRA ROYALTIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000107484"/>
          <other otherDesc="Internal" value="BJP5T05"/>
        </identifiers>
        <balance>1658289.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4994567.59000000</valUSD>
        <pctVal>0.034707475932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HMC CAPITAL LIMITED</name>
        <lei>9845005E59E4DCFA1C33</lei>
        <title>HMC CAPITAL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000058943"/>
          <other otherDesc="Internal" value="BJRBL61"/>
        </identifiers>
        <balance>1148334.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2081527.56000000</valUSD>
        <pctVal>0.014464629097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Frequentis AG</name>
        <lei>529900N7I4DSM16GF659</lei>
        <title>FREQUENTIS AG</title>
        <cusip>A2R5AC107</cusip>
        <identifiers>
          <isin value="ATFREQUENT09"/>
          <other otherDesc="Internal" value="BJRF8X9"/>
        </identifiers>
        <balance>6499.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>560439.52000000</valUSD>
        <pctVal>0.003894519555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AO WORLD PLC</name>
        <lei>2138005FFOAJIUZY4375</lei>
        <title>AO WORLD PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BJTNFH41"/>
          <other otherDesc="Internal" value="BJTNFH4"/>
        </identifiers>
        <balance>1211632.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1449231.83000000</valUSD>
        <pctVal>0.010070777490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEWPRINCES S.P.A.</name>
        <lei>815600511D7D0F6A5955</lei>
        <title>NEWPRINCES SPA</title>
        <cusip>T6S17G101</cusip>
        <identifiers>
          <isin value="IT0005385213"/>
          <other otherDesc="Internal" value="BJVNQF7"/>
        </identifiers>
        <balance>77272.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1529037.76000000</valUSD>
        <pctVal>0.010625352505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1179329.14196900"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HELIOS TOWERS PLC</name>
        <lei>213800DGC7GS4XCHCU30</lei>
        <title>HELIOS TOWERS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BJVQC708"/>
          <other otherDesc="Internal" value="BJVQC70"/>
        </identifiers>
        <balance>3086277.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>8390901.82000000</valUSD>
        <pctVal>0.058308756007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Avanza Bank Holding AB</name>
        <lei>549300MBWR5H8SIJLE03</lei>
        <title>AVANZA BANK HOLDING AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0012454072"/>
          <other otherDesc="Internal" value="BJXMLF7"/>
        </identifiers>
        <balance>493397.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>17835432.18000000</valUSD>
        <pctVal>0.123939224363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sansan Inc</name>
        <lei>N/A</lei>
        <title>SANSAN INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3332540008"/>
          <other otherDesc="Internal" value="BJYJG18"/>
        </identifiers>
        <balance>277900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2253423.45000000</valUSD>
        <pctVal>0.015659141406</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>Medacta Group SA</name>
        <lei>506700P2PFU3A3DROC14</lei>
        <title>MEDACTA GROUP SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0468525222"/>
          <other otherDesc="Internal" value="BJYLTQ0"/>
        </identifiers>
        <balance>27872.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>5051097.72000000</valUSD>
        <pctVal>0.035100306361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GAZTRANSPORT ET TECHNIGAZ SA</name>
        <lei>969500BVOHVZUUFWDT54</lei>
        <title>GAZTRANSPORT ET TECHNIGAZ SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0011726835"/>
          <other otherDesc="Internal" value="BJYRDP5"/>
        </identifiers>
        <balance>146350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>35606093.28000000</valUSD>
        <pctVal>0.247428351563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE TEL-AVIV STOCK EXCHANGE LTD</name>
        <lei>N/A</lei>
        <title>TEL AVIV STOCK EXCHANGE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011590291"/>
          <other otherDesc="Internal" value="BK5HCP4"/>
        </identifiers>
        <balance>365503.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>18391354.75000000</valUSD>
        <pctVal>0.127802355429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FERRETTI S.P.A.</name>
        <lei>815600F40754716D2D91</lei>
        <title>FERRETTI SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005383291"/>
          <other otherDesc="Internal" value="BK5MNS9"/>
        </identifiers>
        <balance>542703.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2528664.53000000</valUSD>
        <pctVal>0.017571804112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="825364.21365500"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M.YOCHANANOF AND SONS (1988) LTD</name>
        <lei>N/A</lei>
        <title>M YOCHANANOF SONS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011612640"/>
          <other otherDesc="Internal" value="BK6FDL0"/>
        </identifiers>
        <balance>18731.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>2173183.61000000</valUSD>
        <pctVal>0.015101551131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JMDC Inc.</name>
        <lei>3538002M2SQV6WJ6MQ67</lei>
        <title>JMDC INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386690006"/>
          <other otherDesc="Internal" value="BK7C5Q9"/>
        </identifiers>
        <balance>105500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2255606.83000000</valUSD>
        <pctVal>0.015674313812</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>WAREHOUSES DE PAUW NV</name>
        <lei>549300HWDYC5JXC85138</lei>
        <title>WAREHOUSES DE PAUW CVA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974349814"/>
          <other otherDesc="Internal" value="BK8VQD9"/>
        </identifiers>
        <balance>791322.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>20799270.34000000</valUSD>
        <pctVal>0.144535069699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRAVIS PERKINS PLC</name>
        <lei>2138001I27OUBAF22K83</lei>
        <title>TRAVIS PERKINS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BK9RKT01"/>
          <other otherDesc="Internal" value="BK9RKT0"/>
        </identifiers>
        <balance>830396.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>5898397.06000000</valUSD>
        <pctVal>0.040988227771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Norbit ASA</name>
        <lei>254900C08RCMXVZYFY97</lei>
        <title>NORBIT ASA</title>
        <cusip>R5S13N104</cusip>
        <identifiers>
          <isin value="NO0010856511"/>
          <other otherDesc="Internal" value="BKBD1K4"/>
        </identifiers>
        <balance>138876.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>3422193.27000000</valUSD>
        <pctVal>0.023780975713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lendlease Global Commercial REIT</name>
        <lei>2549002B9UHG224VCA80</lei>
        <title>LENDLEASE GLOBAL COMMERCIAL REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXC61949712"/>
          <other otherDesc="Internal" value="BKBPXB5"/>
        </identifiers>
        <balance>9667674.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>4329489.46000000</valUSD>
        <pctVal>0.030085817946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRAINLINE PLC</name>
        <lei>213800HO26VXTFJ4MO71</lei>
        <title>TRAINLINE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BKDTK925"/>
          <other otherDesc="Internal" value="BKDTK92"/>
        </identifiers>
        <balance>1557893.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>5049607.67000000</valUSD>
        <pctVal>0.035089951936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORA BANDA MINING LTD</name>
        <lei>984500DAD3BDFDHBD844</lei>
        <title>ORA BANDA MINING LTD</title>
        <cusip>Q71512109</cusip>
        <identifiers>
          <isin value="AU0000050130"/>
          <other otherDesc="Internal" value="BKDX544"/>
        </identifiers>
        <balance>4892045.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4782841.12000000</valUSD>
        <pctVal>0.033236179122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="321890.45896900"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alzchem Group AG</name>
        <lei>8945004EL7WZK3ERG181</lei>
        <title>ALZCHEM GROUP AG</title>
        <cusip>D0R02K100</cusip>
        <identifiers>
          <isin value="DE000A2YNT30"/>
          <other otherDesc="Internal" value="BKFHT86"/>
        </identifiers>
        <balance>24258.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4716068.51000000</valUSD>
        <pctVal>0.032772173237</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="17691.57533200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Umios Corporation</name>
        <lei>N/A</lei>
        <title>UMIOS CORP</title>
        <cusip>J40015109</cusip>
        <identifiers>
          <isin value="JP3876600002"/>
          <other otherDesc="Internal" value="BKGHM19"/>
        </identifiers>
        <balance>479200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4051768.69000000</valUSD>
        <pctVal>0.028155923762</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>ISS A/S</name>
        <lei>213800LEZA58SZNCBN19</lei>
        <title>ISS A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060542181"/>
          <other otherDesc="Internal" value="BKJ9RT5"/>
        </identifiers>
        <balance>549339.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>20152286.27000000</valUSD>
        <pctVal>0.140039148154</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sanlorenzo SpA</name>
        <lei>8156006C71E895860132</lei>
        <title>SANLORENZO SPA AMEGLIA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003549422"/>
          <other otherDesc="Internal" value="BKKCLZ7"/>
        </identifiers>
        <balance>56698.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2216405.15000000</valUSD>
        <pctVal>0.015401899566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tieto Oyj</name>
        <lei>549300EW2KM4KROKQV31</lei>
        <title>TIETOEVRY OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009000277"/>
          <other otherDesc="Internal" value="BKKJL70"/>
        </identifiers>
        <balance>7131.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>158682.66000000</valUSD>
        <pctVal>0.001102692976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JS GLOBAL LIFESTYLE COMPANY LIMITED</name>
        <lei>254900YP54EOBADL7333</lei>
        <title>JS GLOBAL LIFESTYLE CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2S85A1045"/>
          <other otherDesc="Internal" value="BKL9QV8"/>
        </identifiers>
        <balance>3802500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>835020.75000000</valUSD>
        <pctVal>0.005802596933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>freee KK</name>
        <lei>N/A</lei>
        <title>FREEE KK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3826520003"/>
          <other otherDesc="Internal" value="BKLFVR7"/>
        </identifiers>
        <balance>176900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.017933893285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="26259.96342500"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Sinch AB (publ)</name>
        <lei>549300UXY7QM6IDCGI12</lei>
        <title>SINCH AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0016101844"/>
          <other otherDesc="Internal" value="BKP8Q11"/>
        </identifiers>
        <balance>2662599.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>8447656.75000000</valUSD>
        <pctVal>0.058703148581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="751961.02704900"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Norion Bank AB</name>
        <lei>529900AGWAKUTYNETM62</lei>
        <title>NORION BANK AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017831795"/>
          <other otherDesc="Internal" value="BKPFS27"/>
        </identifiers>
        <balance>183158.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>1043471.43000000</valUSD>
        <pctVal>0.007251130130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Iveco Group N.V.</name>
        <lei>549300ZWF2ZJDD9EOR96</lei>
        <title>IVECO GROUP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015000LU4"/>
          <other otherDesc="Internal" value="BKPGF52"/>
        </identifiers>
        <balance>803444.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>13179246.48000000</valUSD>
        <pctVal>0.091583179478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Turpaz Industries Ltd</name>
        <lei>N/A</lei>
        <title>TURPAZ INDUSTRIES LTD</title>
        <cusip>M8893V118</cusip>
        <identifiers>
          <isin value="IL0011756116"/>
          <other otherDesc="Internal" value="BKPH801"/>
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        <balance>192670.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>4910570.21000000</valUSD>
        <pctVal>0.034123774342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FIREFINCH LTD</name>
        <lei>N/A</lei>
        <title>FIREFINCH LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000114522"/>
          <other otherDesc="Internal" value="BKPJ9T3"/>
        </identifiers>
        <balance>4681624.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>33.71000000</valUSD>
        <pctVal>0.000000234252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="32.71147800"/>
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      <invstOrSec>
        <name>OSL Group Ltd</name>
        <lei>254900CO7POSAPH8UL47</lei>
        <title>OSL GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG1106B1095"/>
          <other otherDesc="Internal" value="BKPSJS9"/>
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        <balance>2510631.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>4035568.52000000</valUSD>
        <pctVal>0.028043348049</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2877231.91930400"/>
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      <invstOrSec>
        <name>AZ-COM MARUWA Holdings Inc.</name>
        <lei>353800T8U9EBANSQUQ17</lei>
        <title>AZ COM MARUWA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3879170003"/>
          <other otherDesc="Internal" value="BKRC097"/>
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        <balance>254500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1459418.60000000</valUSD>
        <pctVal>0.010141565815</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>GENUIT GROUP PLC</name>
        <lei>2138005IF1N2RKJ6KO18</lei>
        <title>GENUIT GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BKRC5K31"/>
          <other otherDesc="Internal" value="BKRC5K3"/>
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        <balance>951766.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3354415.25000000</valUSD>
        <pctVal>0.023309983188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PERENTI LIMITED</name>
        <lei>N/A</lei>
        <title>PERENTI LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000061897"/>
          <other otherDesc="Internal" value="BKRKNV4"/>
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        <balance>3332297.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.031341767458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cementir Holding N.V.</name>
        <lei>8156008B101B97A43B02</lei>
        <title>CEMENTIR HOLDING NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0013995087"/>
          <other otherDesc="Internal" value="BKRWS93"/>
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        <balance>193180.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NIPPON EXPRESS HOLDINGS, INC.</name>
        <lei>353800J92032K44KQX35</lei>
        <title>NIPPON EXPRESS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3688370000"/>
          <other otherDesc="Internal" value="BKSHP63"/>
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        <balance>823700.00000000</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>FastPartner AB</name>
        <lei>549300BG6SL5QQ7LQW56</lei>
        <title>FASTPARTNER AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0013512506"/>
          <other otherDesc="Internal" value="BKTNZS2"/>
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        <balance>179925.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Electrolux Professional AB (publ)</name>
        <lei>254900KI62Q46ZWD8084</lei>
        <title>ELECTROLUX PROFESSIONAL AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0013747870"/>
          <other otherDesc="Internal" value="BKV3Z24"/>
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        <balance>880205.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>JOYFUL HONDA CO.,LTD.</name>
        <lei>N/A</lei>
        <title>JOYFUL HONDA CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3392920009"/>
          <other otherDesc="Internal" value="BKW7HH4"/>
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        <balance>198600.00000000</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>
      <invstOrSec>
        <name>SoftwareOne Holding AG</name>
        <lei>529900GBI88JKWXLGI05</lei>
        <title>SOFTWAREONE HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0496451508"/>
          <other otherDesc="Internal" value="BKWD4B5"/>
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        <balance>657289.00000000</balance>
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        <valUSD>5816462.20000000</valUSD>
        <pctVal>0.040418858726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VULCAN ENERGY RESOURCES LIMITED</name>
        <lei>8945006OYFHQ9HE4XE54</lei>
        <title>VULCAN ENERGY RESOURCES LTD</title>
        <cusip>Q9496S102</cusip>
        <identifiers>
          <isin value="AU0000066086"/>
          <other otherDesc="Internal" value="BKYBH63"/>
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        <balance>1406528.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4005050.65000000</valUSD>
        <pctVal>0.027831277991</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>
      <invstOrSec>
        <name>BuySell Technologies Co., Ltd.</name>
        <lei>353800QCRDO2G02AM851</lei>
        <title>BUYSELL TECHNOLOGIES CO LTD</title>
        <cusip>J04863106</cusip>
        <identifiers>
          <isin value="JP3778270003"/>
          <other otherDesc="Internal" value="BL0HBV5"/>
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        <balance>109800.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SAF-HOLLAND SE</name>
        <lei>222100QJQLUJHWREL058</lei>
        <title>SAF HOLLAND SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000SAFH001"/>
          <other otherDesc="Internal" value="BL5BYR9"/>
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        <balance>177564.00000000</balance>
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        <pctVal>0.025466694485</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>
      <invstOrSec>
        <name>AUTO1 Group SE</name>
        <lei>391200S2LPXG5ZD5G304</lei>
        <title>AUTO1 GROUP SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A2LQ884"/>
          <other otherDesc="Internal" value="BL5C4C7"/>
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        <balance>522778.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>11166270.40000000</valUSD>
        <pctVal>0.077594917714</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>
      <invstOrSec>
        <name>DR. MARTENS PLC</name>
        <lei>213800QPT8YM6NQZPH28</lei>
        <title>DR MARTENS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BL6NGV24"/>
          <other otherDesc="Internal" value="BL6NGV2"/>
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        <balance>2248475.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1903078.49000000</valUSD>
        <pctVal>0.013224578444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Puuilo Oyj</name>
        <lei>743700UJUT6FWHBXPR69</lei>
        <title>PUUILO OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000507124"/>
          <other otherDesc="Internal" value="BL979V2"/>
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        <balance>318477.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4859145.61000000</valUSD>
        <pctVal>0.033766422472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WAYPOINT REIT LIMITED</name>
        <lei>5493003CS5K82RREKA54</lei>
        <title>WAYPOINT REIT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000088064"/>
          <other otherDesc="Internal" value="BLBQ285"/>
        </identifiers>
        <balance>2463704.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4396626.62000000</valUSD>
        <pctVal>0.030552357105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NIPPON REIT Investment Corporation</name>
        <lei>3538004O49OJ90PEXX85</lei>
        <title>NIPPON REIT INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047750009"/>
          <other otherDesc="Internal" value="BLC7414"/>
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        <balance>6871.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3928041.26000000</valUSD>
        <pctVal>0.027296136259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MFE-MEDIAFOREUROPE N.V.</name>
        <lei>213800DIFN7NR7B97A50</lei>
        <title>MFE MEDIAFOREUROPE NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015001OI1"/>
          <other otherDesc="Internal" value="BLC8J12"/>
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        <balance>970748.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3312632.65000000</valUSD>
        <pctVal>0.023019634012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MFE-MEDIAFOREUROPE N.V.</name>
        <lei>213800DIFN7NR7B97A50</lei>
        <title>MFE MEDIAFOREUROPE NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015001OJ9"/>
          <other otherDesc="Internal" value="BLC8J56"/>
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        <balance>270121.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1169831.21000000</valUSD>
        <pctVal>0.008129209953</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1113756.43422400"/>
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      <invstOrSec>
        <name>Paratus Energy Services Ltd.</name>
        <lei>549300XB7T5BX418QX67</lei>
        <title>PARATUS ENERGY SERVICES LTD</title>
        <cusip>G6904D108</cusip>
        <identifiers>
          <isin value="BMG6904D1083"/>
          <other otherDesc="Internal" value="BLCCJ92"/>
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        <balance>370469.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>2055339.80000000</valUSD>
        <pctVal>0.014282649169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vetropack Holding Ltd.</name>
        <lei>894500HGD08C8B6GS128</lei>
        <title>VETROPACK HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0530235594"/>
          <other otherDesc="Internal" value="BLD1K17"/>
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        <balance>50697.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
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        <pctVal>0.009139649977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHAMPION IRON LIMITED</name>
        <lei>N/A</lei>
        <title>CHAMPION IRON LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CIA2"/>
          <other otherDesc="Internal" value="BLD1SB3"/>
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        <balance>1475408.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.035419001387</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BAPCOR LIMITED</name>
        <lei>N/A</lei>
        <title>BAPCOR LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000BAP9"/>
          <other otherDesc="Internal" value="BLD2CY7"/>
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        <balance>2314499.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Maas Group Holdings Ltd</name>
        <lei>9845002E61U3EB3DD061</lei>
        <title>MAAS GROUP HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000118564"/>
          <other otherDesc="Internal" value="BLD4919"/>
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        <balance>667875.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wallenstam AB</name>
        <lei>21380081R2P9MKFQBD25</lei>
        <title>WALLENSTAM AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017780133"/>
          <other otherDesc="Internal" value="BLDB2F5"/>
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        <balance>1515201.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Addnode Group Aktiebolag (publ)</name>
        <lei>213800CQXEA3W1YWXZ31</lei>
        <title>ADDNODE GROUP AB</title>
        <cusip>N/A</cusip>
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          <isin value="SE0017885767"/>
          <other otherDesc="Internal" value="BLDB374"/>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NOBA Bank Group AB (publ)</name>
        <lei>21380057HUGFEAF25W84</lei>
        <title>NOBA BANK GROUP AB</title>
        <cusip>W6S06Q108</cusip>
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          <isin value="SE0023135298"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OSB GROUP PLC</name>
        <lei>213800ZBKL9BHSL2K459</lei>
        <title>OSB GROUP PLC</title>
        <cusip>N/A</cusip>
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          <isin value="GB00BLDRH360"/>
          <other otherDesc="Internal" value="BLDRH36"/>
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        <balance>1394656.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>eDreams ODIGEO S.A.</name>
        <lei>959800Y8LQ5MR2YZ4N96</lei>
        <title>EDREAMS ODIGEO SA</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="BLG2YZ9"/>
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        <balance>319761.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Timee, Inc.</name>
        <lei>N/A</lei>
        <title>TIMEE INC</title>
        <cusip>J83432104</cusip>
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          <isin value="JP3449040009"/>
          <other otherDesc="Internal" value="BLGSM64"/>
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        <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>Daiei Kankyo Co., Ltd.</name>
        <lei>N/A</lei>
        <title>DAIEI KANKYO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3480470008"/>
          <other otherDesc="Internal" value="BLGVJD9"/>
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        <balance>158700.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VALLOUREC SA</name>
        <lei>969500P2Q1B47H4MCJ34</lei>
        <title>VALLOUREC SACA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013506730"/>
          <other otherDesc="Internal" value="BLGWF90"/>
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        <balance>644819.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>19429466.69000000</valUSD>
        <pctVal>0.135016242222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>W.A.G PAYMENT SOLUTIONS PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CCI Group, Inc.</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Juroku Financial Group, Inc.</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="JP3392650002"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INFRONEER Holdings Inc.</name>
        <lei>353800G6TWA2W0MY9K16</lei>
        <title>INFRONEER HOLDINGS INC</title>
        <cusip>N/A</cusip>
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          <isin value="JP3153850007"/>
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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>Siteminder Ltd</name>
        <lei>N/A</lei>
        <title>SITEMINDER LTD</title>
        <cusip>N/A</cusip>
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          <isin value="AU0000183543"/>
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        <balance>958110.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SWECO AB (publ)</name>
        <lei>549300Q4Y55VICYV6U90</lei>
        <title>SWECO AB</title>
        <cusip>N/A</cusip>
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          <isin value="SE0014960373"/>
          <other otherDesc="Internal" value="BLN9XH8"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bossard Holding AG</name>
        <lei>5067001959OEPG6X8016</lei>
        <title>BOSSARD HOLDING AG</title>
        <cusip>N/A</cusip>
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          <isin value="CH0238627142"/>
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        <balance>22385.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WIIT S.P.A.</name>
        <lei>815600AB2BDB42BC0E81</lei>
        <title>WIIT SPA</title>
        <cusip>N/A</cusip>
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          <isin value="IT0005440893"/>
          <other otherDesc="Internal" value="BLPK799"/>
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        <balance>41971.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>OVH GROUPE SA</name>
        <lei>9695001J8OSOVX4TP939</lei>
        <title>OVH GROUPE SA</title>
        <cusip>F97637106</cusip>
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          <isin value="FR0014005HJ9"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>SFS Group AG</name>
        <lei>391200RQ38WAM4BJBO16</lei>
        <title>SFS GROUP AG</title>
        <cusip>N/A</cusip>
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          <isin value="CH0239229302"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MilDef Group AB</name>
        <lei>N/A</lei>
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          <isin value="SE0016074249"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Aussie Broadband Ltd</name>
        <lei>N/A</lei>
        <title>AUSSIE BROADBAND LTD</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Georg Fischer AG</name>
        <lei>529900CMRQYW4U1W2456</lei>
        <title>GEORG FISCHER AG</title>
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        <invCountry>CH</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BREEDON GROUP PLC</name>
        <lei>213800DQGNQE3X76WS92</lei>
        <title>BREEDON GROUP PLC</title>
        <cusip>N/A</cusip>
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          <isin value="GB00BM8NFJ84"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Storskogen Group AB (publ)</name>
        <lei>549300DL3K4HLJ41KD24</lei>
        <title>STORSKOGEN GROUP AB</title>
        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>LOUIS HACHETTE GROUP SA</name>
        <lei>N/A</lei>
        <title>LOUIS HACHETTE GROUP</title>
        <cusip>F5899T103</cusip>
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          <isin value="FR001400TL40"/>
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        <fairValLevel>2</fairValLevel>
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        <name>AMPOL LIMITED</name>
        <lei>5493009TD1CGVRZ27U11</lei>
        <title>AMPOL LTD</title>
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        <invCountry>AU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New World Development Company Limited</name>
        <lei>2549008GWMWXTIRL4S48</lei>
        <title>NEW WORLD DEVELOPMENT CO LTD</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Tuas Ltd</name>
        <lei>N/A</lei>
        <title>TUAS LTD</title>
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        <fairValLevel>2</fairValLevel>
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        <name>LINK MOBILITY GROUP HOLDING ASA</name>
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        <title>LINK MOBILITY GROUP HOLDING ASA</title>
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        <fairValLevel>1</fairValLevel>
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        <name>WEBUILD SPA</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Sunrise Communications AG</name>
        <lei>213800RS9HRGTWOGCO08</lei>
        <title>SUNRISE COMMUNICATIONS AG OLD</title>
        <cusip>H8365A119</cusip>
        <identifiers>
          <isin value="CH1386220409"/>
          <other otherDesc="Internal" value="BM9WB18"/>
        </identifiers>
        <balance>268830.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>16053763.10000000</valUSD>
        <pctVal>0.111558325396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="361885.96654300"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Synspective Inc.</name>
        <lei>52990035A9F4MQDCUW21</lei>
        <title>SYNSPECTIVE INC</title>
        <cusip>J78703105</cusip>
        <identifiers>
          <isin value="JP3376720003"/>
          <other otherDesc="Internal" value="BM9WB85"/>
        </identifiers>
        <balance>217000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1851592.96000000</valUSD>
        <pctVal>0.012866803169</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>KVUTZAT ACRO LTD</name>
        <lei>N/A</lei>
        <title>KVUTZAT ACRO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011849028"/>
          <other otherDesc="Internal" value="BM9YY82"/>
        </identifiers>
        <balance>111430.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>1785875.25000000</valUSD>
        <pctVal>0.012410127832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1349703.70796600"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BARCO NV</name>
        <lei>549300N17QCD827TII61</lei>
        <title>BARCO NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974362940"/>
          <other otherDesc="Internal" value="BMB3BN1"/>
        </identifiers>
        <balance>239869.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2684869.38000000</valUSD>
        <pctVal>0.018657278675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HARBOUR ENERGY PLC</name>
        <lei>213800YPC42DYBKVPF97</lei>
        <title>HARBOUR ENERGY PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BMBVGQ36"/>
          <other otherDesc="Internal" value="BMBVGQ3"/>
        </identifiers>
        <balance>2228173.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>8861171.47000000</valUSD>
        <pctVal>0.061576681061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Retailors Ltd</name>
        <lei>N/A</lei>
        <title>RETAILORS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011754889"/>
          <other otherDesc="Internal" value="BMC2Y16"/>
        </identifiers>
        <balance>80774.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>983701.53000000</valUSD>
        <pctVal>0.006835786394</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="773002.29298500"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Max Stock Ltd</name>
        <lei>N/A</lei>
        <title>MAX STOCK LTD</title>
        <cusip>M6S71H109</cusip>
        <identifiers>
          <isin value="IL0011685588"/>
          <other otherDesc="Internal" value="BMC5RW7"/>
        </identifiers>
        <balance>438789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>4376353.69000000</valUSD>
        <pctVal>0.030411479598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAWAI GROUP HOLDINGS Co., Ltd.</name>
        <lei>N/A</lei>
        <title>SAWAI GROUP HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3323040000"/>
          <other otherDesc="Internal" value="BMC9NN2"/>
        </identifiers>
        <balance>437300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>5878431.54000000</valUSD>
        <pctVal>0.040849486470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iperionx Ltd</name>
        <lei>98450096B1C9E094C832</lei>
        <title>IPERIONX LTD</title>
        <cusip>Q4789U120</cusip>
        <identifiers>
          <isin value="AU0000208910"/>
          <other otherDesc="Internal" value="BMCB2H5"/>
        </identifiers>
        <balance>1181851.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3604996.75000000</valUSD>
        <pctVal>0.025051285358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clarity Pharmaceuticals Ltd</name>
        <lei>894500870CF75LRT6F56</lei>
        <title>CLARITY PHARMACEUTICALS LTD</title>
        <cusip>Q2517S102</cusip>
        <identifiers>
          <isin value="AU0000165375"/>
          <other otherDesc="Internal" value="BMCHJF0"/>
        </identifiers>
        <balance>1112270.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2327786.37000000</valUSD>
        <pctVal>0.016175892698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="467560.10744500"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Truecaller AB</name>
        <lei>549300TEYF1FA5G5GK26</lei>
        <title>TRUECALLER AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0016787071"/>
          <other otherDesc="Internal" value="BMCP7D8"/>
        </identifiers>
        <balance>1118340.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>1459586.47000000</valUSD>
        <pctVal>0.010142732351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELOPAK ASA</name>
        <lei>529900BIDQN2AOKV6N08</lei>
        <title>ELOPAK ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0011002586"/>
          <other otherDesc="Internal" value="BMCQVP1"/>
        </identifiers>
        <balance>531606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>2051325.41000000</valUSD>
        <pctVal>0.014254752992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PEXA Group Ltd</name>
        <lei>N/A</lei>
        <title>PEXA GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000158594"/>
          <other otherDesc="Internal" value="BMD0WJ3"/>
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        <balance>520436.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4728874.27000000</valUSD>
        <pctVal>0.032861161042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="908637.04086500"/>
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      <invstOrSec>
        <name>RENK Group AG</name>
        <lei>894500H8CNSZ53EI6K63</lei>
        <title>RENK GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000RENK730"/>
          <other otherDesc="Internal" value="BMD6RR4"/>
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        <balance>336554.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>21389695.86000000</valUSD>
        <pctVal>0.148637963324</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>
      <invstOrSec>
        <name>Foresight Group Holdings Limited</name>
        <lei>213800NNT42FFIZB1T09</lei>
        <title>FORESIGHT GROUP HOLDINGS LTD</title>
        <cusip>G365A1106</cusip>
        <identifiers>
          <isin value="GG00BMD8MJ76"/>
          <other otherDesc="Internal" value="BMD8MJ7"/>
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        <balance>286948.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1563809.96000000</valUSD>
        <pctVal>0.010866986094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PHC Holdings Corporation</name>
        <lei>3538001U3W83EUYS3187</lei>
        <title>PHC HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3801300009"/>
          <other otherDesc="Internal" value="BMDHDB3"/>
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        <balance>117700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>750455.20000000</valUSD>
        <pctVal>0.005214947104</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>TP ICAP GROUP PLC</name>
        <lei>2138006YAA7IRVKKGE63</lei>
        <title>TP ICAP GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BMDZN391"/>
          <other otherDesc="Internal" value="BMDZN39"/>
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        <balance>2912987.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>12533681.81000000</valUSD>
        <pctVal>0.087097121408</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SHIKUN &amp; BINUI ENERGY LTD</name>
        <lei>213800XDMLMF5NBYNH22</lei>
        <title>SHIKUN BINUI SOLTEC RENEWABLE ENERGY</title>
        <cusip>M8288B131</cusip>
        <identifiers>
          <isin value="IL0011882425"/>
          <other otherDesc="Internal" value="BMDZV13"/>
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        <balance>1080141.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>1429072.99000000</valUSD>
        <pctVal>0.009930692800</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>
      <invstOrSec>
        <name>Creades publ AB</name>
        <lei>549300MYLGD0VKNGTJ47</lei>
        <title>CREADES AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015661236"/>
          <other otherDesc="Internal" value="BMF1JN7"/>
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        <balance>204292.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>1573649.72000000</valUSD>
        <pctVal>0.010935363031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HOEGH AUTOLINERS ASA</name>
        <lei>549300D7GNMPKTA4HD46</lei>
        <title>HOEGH AUTOLINERS ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0011082075"/>
          <other otherDesc="Internal" value="BMFDP24"/>
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        <balance>420617.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>6015494.57000000</valUSD>
        <pctVal>0.041801943661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Yubico AB</name>
        <lei>549300I9RBIU9DW59H39</lei>
        <title>YUBICO AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015657788"/>
          <other otherDesc="Internal" value="BMFNNR5"/>
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        <balance>191101.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>883397.76000000</valUSD>
        <pctVal>0.006138770962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="815388.96964700"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MESHEK ENERGY-RENEWABLE ENERGIES LTD</name>
        <lei>N/A</lei>
        <title>MESHEK ENERGY RENEWABLE ENERGIES LTD</title>
        <cusip>M6967X101</cusip>
        <identifiers>
          <isin value="IL0011669749"/>
          <other otherDesc="Internal" value="BMFR0X2"/>
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        <balance>1266216.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>5505802.09000000</valUSD>
        <pctVal>0.038260067580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="109558.07655200"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Vulcan Steel Ltd</name>
        <lei>98450060022AC677C824</lei>
        <title>VULCAN STEEL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000181984"/>
          <other otherDesc="Internal" value="BMG3PV2"/>
        </identifiers>
        <balance>296968.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>1106278.22000000</valUSD>
        <pctVal>0.007687577353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Montana Aerospace AG</name>
        <lei>506700YRG9330Q97U450</lei>
        <title>MONTANA AEROSPACE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1110425654"/>
          <other otherDesc="Internal" value="BMGGZL1"/>
        </identifiers>
        <balance>122666.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>3225234.36000000</valUSD>
        <pctVal>0.022412299345</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRIAL Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>TRIAL HOLDINGS INC</title>
        <cusip>J9298X117</cusip>
        <identifiers>
          <isin value="JP3635490000"/>
          <other otherDesc="Internal" value="BMGS119"/>
        </identifiers>
        <balance>146900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3678247.26000000</valUSD>
        <pctVal>0.025560306462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3505477.30701100"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>H. LUNDBECK A/S</name>
        <lei>5493006R4KC2OI5D3470</lei>
        <title>H LUNDBECK A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0061804770"/>
          <other otherDesc="Internal" value="BMGTJT6"/>
        </identifiers>
        <balance>1104502.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>7425125.08000000</valUSD>
        <pctVal>0.051597529789</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bytes Technology Group PLC</name>
        <lei>213800LA4DZLFBAC9O33</lei>
        <title>BYTES TECHNOLOGY GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BMH18Q19"/>
          <other otherDesc="Internal" value="BMH18Q1"/>
        </identifiers>
        <balance>900599.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3691175.39000000</valUSD>
        <pctVal>0.025650144622</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Appier Group Inc</name>
        <lei>N/A</lei>
        <title>APPIER GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3160960005"/>
          <other otherDesc="Internal" value="BMH40Q4"/>
        </identifiers>
        <balance>272700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1563953.43000000</valUSD>
        <pctVal>0.010867983074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="21219.75684200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FRONTLINE PLC</name>
        <lei>5493004BCIKYU1YL3H63</lei>
        <title>FRONTLINE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CY0200352116"/>
          <other otherDesc="Internal" value="BMHDM54"/>
        </identifiers>
        <balance>573223.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>20850772.39000000</valUSD>
        <pctVal>0.144892959773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>thyssenkrupp nucera AG &amp; Co KgaA</name>
        <lei>549300T0K3CI2C25SC77</lei>
        <title>THYSSENKRUPP NUCERA AG CO KGAA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000NCA0001"/>
          <other otherDesc="Internal" value="BMHFYH6"/>
        </identifiers>
        <balance>97809.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1004922.57000000</valUSD>
        <pctVal>0.006983252360</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="567913.94510400"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DORAL GROUP RENEWABLE ENERGY RESOURCES LTD</name>
        <lei>N/A</lei>
        <title>DORAL GROUP RENEWABLE ENERGY RESOURCES LTD</title>
        <cusip>M2841E104</cusip>
        <identifiers>
          <isin value="IL0011667685"/>
          <other otherDesc="Internal" value="BMHMVP4"/>
        </identifiers>
        <balance>313340.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>7823566.15000000</valUSD>
        <pctVal>0.054366314794</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1799240.44276200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AZELIS GROUP NV</name>
        <lei>699400M9RRMTV264FM70</lei>
        <title>AZELIS GROUP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974400328"/>
          <other otherDesc="Internal" value="BMHT025"/>
        </identifiers>
        <balance>871781.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>11550655.27000000</valUSD>
        <pctVal>0.080266025549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HIAG Immobilien Holding AG</name>
        <lei>549300TU2XXQ3TU4KJ11</lei>
        <title>HIAG IMMOBILIEN HOLDING AG</title>
        <cusip>H3634R100</cusip>
        <identifiers>
          <isin value="CH0239518779"/>
          <other otherDesc="Internal" value="BMM1ZD2"/>
        </identifiers>
        <balance>17217.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>3005565.75000000</valUSD>
        <pctVal>0.020885812245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alleima AB</name>
        <lei>529900EBHTYGLA6PGP77</lei>
        <title>ALLEIMA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017615644"/>
          <other otherDesc="Internal" value="BMQ4ZX7"/>
        </identifiers>
        <balance>741965.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>6647641.85000000</valUSD>
        <pctVal>0.046194763682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nagarro SE</name>
        <lei>9845008396BA67DA9B37</lei>
        <title>NAGARRO SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A3H2200"/>
          <other otherDesc="Internal" value="BMT6455"/>
        </identifiers>
        <balance>32698.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1661468.18000000</valUSD>
        <pctVal>0.011545617479</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1644954.10701300"/>
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      </invstOrSec>
      <invstOrSec>
        <name>MOONPIG GROUP PLC</name>
        <lei>213800VAYO5KCAXZHK83</lei>
        <title>MOONPIG GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BMT9K014"/>
          <other otherDesc="Internal" value="BMT9K01"/>
        </identifiers>
        <balance>1235460.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3550592.70000000</valUSD>
        <pctVal>0.024673229155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRE HOLDINGS CORPORATION</name>
        <lei>N/A</lei>
        <title>TRE HOLDINGS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3538540000"/>
          <other otherDesc="Internal" value="BMTPP37"/>
        </identifiers>
        <balance>162200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1660648.67000000</valUSD>
        <pctVal>0.011539922667</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>Norconsult ASA</name>
        <lei>635400VFBLRSFRXLGQ03</lei>
        <title>NORCONSULT NORGE AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0013052209"/>
          <other otherDesc="Internal" value="BMTQPF2"/>
        </identifiers>
        <balance>434673.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
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        <pctVal>0.012829247332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>O.Y. NOFAR ENERGY LTD</name>
        <lei>N/A</lei>
        <title>OY NOFAR ENERGY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011708778"/>
          <other otherDesc="Internal" value="BMTS893"/>
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        <balance>104598.00000000</balance>
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        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
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        <pctVal>0.045802415309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THG PLC</name>
        <lei>21380066N3SV9O8IDP37</lei>
        <title>THG PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BMTV7393"/>
          <other otherDesc="Internal" value="BMTV739"/>
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        <balance>2563626.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1085606.68000000</valUSD>
        <pctVal>0.007543929887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Socionext Inc</name>
        <lei>529900NKQHKPDKDHVO94</lei>
        <title>SOCIONEXT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3433500000"/>
          <other otherDesc="Internal" value="BMTVX75"/>
        </identifiers>
        <balance>706800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8601226.70000000</valUSD>
        <pctVal>0.059770313105</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>AIR FRANCE - KLM SA</name>
        <lei>969500AQW31GYO8JZD66</lei>
        <title>AIR FRANCE KLM</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR001400J770"/>
          <other otherDesc="Internal" value="BMV2C79"/>
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        <balance>461124.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4908627.99000000</valUSD>
        <pctVal>0.034110277767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kyoto Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>KYOTO FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3252200005"/>
          <other otherDesc="Internal" value="BMV4NR2"/>
        </identifiers>
        <balance>892200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>24661423.28000000</valUSD>
        <pctVal>0.171373345045</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>Loomis AB</name>
        <lei>213800NS2XXVRYS7WP40</lei>
        <title>LOOMIS AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0014504817"/>
          <other otherDesc="Internal" value="BMVB566"/>
        </identifiers>
        <balance>271826.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>12595073.28000000</valUSD>
        <pctVal>0.087523733507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GVS S.P.A.</name>
        <lei>81560013EACB40B52D17</lei>
        <title>GVS SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005411209"/>
          <other otherDesc="Internal" value="BMVB793"/>
        </identifiers>
        <balance>296645.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1476699.40000000</valUSD>
        <pctVal>0.010261650875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1437706.71042000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EL.EN. - S.P.A.</name>
        <lei>81560012F663E89E7085</lei>
        <title>EL EN SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005453250"/>
          <other otherDesc="Internal" value="BMVFDR5"/>
        </identifiers>
        <balance>190474.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2935466.41000000</valUSD>
        <pctVal>0.020398688763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Brazilian Rare Earths Ltd</name>
        <lei>9845008972A00C4E4C60</lei>
        <title>BRAZILIAN RARE EARTHS LTD</title>
        <cusip>Q17549108</cusip>
        <identifiers>
          <isin value="AU0000305815"/>
          <other otherDesc="Internal" value="BMVMLB6"/>
        </identifiers>
        <balance>354065.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>1269447.62000000</valUSD>
        <pctVal>0.008821448889</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AddLife AB</name>
        <lei>5493005T3M7CD7XWE013</lei>
        <title>ADDLIFE AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0014401378"/>
          <other otherDesc="Internal" value="BMVWYM8"/>
        </identifiers>
        <balance>463471.00000000</balance>
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        <valUSD>7226568.62000000</valUSD>
        <pctVal>0.050217751974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pharma Mar, S.A.</name>
        <lei>959800QWKZ45ZQC2AV58</lei>
        <title>PHARMA MAR SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0169501022"/>
          <other otherDesc="Internal" value="BMW2GT8"/>
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        <balance>50058.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5644830.51000000</valUSD>
        <pctVal>0.039226182354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JUDO CAPITAL HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>JUDO CAPITAL HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000182271"/>
          <other otherDesc="Internal" value="BMW7F41"/>
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        <balance>3939509.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4095232.75000000</valUSD>
        <pctVal>0.028457957480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MONDI PLC</name>
        <lei>213800LOZA69QFDC9N34</lei>
        <title>MONDI PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BMWC6P49"/>
          <other otherDesc="Internal" value="BMWC6P4"/>
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        <balance>1734473.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>17919553.70000000</valUSD>
        <pctVal>0.124523788607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Betsson AB</name>
        <lei>549300W61XW8OFGBG077</lei>
        <title>BETSSON AB</title>
        <cusip>W1556V193</cusip>
        <identifiers>
          <isin value="SE0022726485"/>
          <other otherDesc="Internal" value="BMWC784"/>
        </identifiers>
        <balance>445937.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>4535320.93000000</valUSD>
        <pctVal>0.031516150134</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lagercrantz Group AB</name>
        <lei>5493002L6I4YHANEYR87</lei>
        <title>LAGERCRANTZ GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0014990966"/>
          <other otherDesc="Internal" value="BMWX9N6"/>
        </identifiers>
        <balance>789725.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>20883075.26000000</valUSD>
        <pctVal>0.145117433876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>4DMedical Ltd</name>
        <lei>9845000A8F12A6A6FD75</lei>
        <title>4DMEDICAL LTD</title>
        <cusip>Q3927K101</cusip>
        <identifiers>
          <isin value="AU0000095416"/>
          <other otherDesc="Internal" value="BMX3786"/>
        </identifiers>
        <balance>1828891.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>5414532.78000000</valUSD>
        <pctVal>0.037625833019</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="5045040.68691800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>METRO BANK HOLDINGS PLC</name>
        <lei>984500CDDEAD6C2EDQ64</lei>
        <title>METRO BANK HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BMX3W479"/>
          <other otherDesc="Internal" value="BMX3W47"/>
        </identifiers>
        <balance>1302256.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2643890.37000000</valUSD>
        <pctVal>0.018372513682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOTTOMATICA GROUP S.P.A.</name>
        <lei>549300R72LKEGT4EX026</lei>
        <title>LOTTOMATICA GROUP SPA</title>
        <cusip>T64384109</cusip>
        <identifiers>
          <isin value="IT0005541336"/>
          <other otherDesc="Internal" value="BMXPBZ7"/>
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        <balance>994518.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>29240603.55000000</valUSD>
        <pctVal>0.203194275716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NAYAX LTD</name>
        <lei>N/A</lei>
        <title>NAYAX LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011751166"/>
          <other otherDesc="Internal" value="BMXT7N9"/>
        </identifiers>
        <balance>57079.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>3980627.35000000</valUSD>
        <pctVal>0.027661559375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nolato Aktiebolag</name>
        <lei>213800T7T7I7WAOX8Y72</lei>
        <title>NOLATO AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015962477"/>
          <other otherDesc="Internal" value="BMXT8K3"/>
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        <balance>763859.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>4103588.46000000</valUSD>
        <pctVal>0.028516021686</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BACHEM HOLDING AG</name>
        <lei>506700S81111XI7TG884</lei>
        <title>BACHEM HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1176493729"/>
          <other otherDesc="Internal" value="BMXVKB4"/>
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        <balance>132989.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>12090869.89000000</valUSD>
        <pctVal>0.084020001361</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAIPEM S.P.A.</name>
        <lei>549300PHV8MBDHWB8X12</lei>
        <title>SAIPEM SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005495657"/>
          <other otherDesc="Internal" value="BMY36H7"/>
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        <balance>5125177.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.192964428118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cadeler A/S</name>
        <lei>9845008439EUED140282</lei>
        <title>CADELER A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0061412772"/>
          <other otherDesc="Internal" value="BMYDHR4"/>
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        <balance>853505.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>5877885.07000000</valUSD>
        <pctVal>0.040845689026</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SMG Swiss Marketplace Group Holding AG</name>
        <lei>506700N2391DVRZ4MZ72</lei>
        <title>SMG SWISS MARKETPLACE GROUP AG</title>
        <cusip>H7884J114</cusip>
        <identifiers>
          <isin value="CH1484953687"/>
          <other otherDesc="Internal" value="BMYF0H1"/>
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        <balance>96274.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>3432658.07000000</valUSD>
        <pctVal>0.023853696081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Plus Alpha Consulting Co Ltd</name>
        <lei>N/A</lei>
        <title>PLUS ALPHA CONSULTING CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3832700003"/>
          <other otherDesc="Internal" value="BMYGJG6"/>
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        <balance>98000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1371389.59000000</valUSD>
        <pctVal>0.009529848246</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>DEME GROUP NV</name>
        <lei>549300FPFPQPKI3PJV37</lei>
        <title>DEME GROUP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974413453"/>
          <other otherDesc="Internal" value="BMYKVN9"/>
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        <balance>29952.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>6834920.10000000</valUSD>
        <pctVal>0.047496168706</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AUMOVIO SE</name>
        <lei>391200IGI9RQ7VTOK384</lei>
        <title>AUMOVIO SE</title>
        <cusip>D0R9B8108</cusip>
        <identifiers>
          <isin value="DE000AUM0V10"/>
          <other otherDesc="Internal" value="BMYPLM3"/>
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        <balance>218063.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>9457062.58000000</valUSD>
        <pctVal>0.065717555318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MA FINANCIAL GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>MA FINANCIAL GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000156218"/>
          <other otherDesc="Internal" value="BMYZBN4"/>
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        <balance>467241.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2368187.30000000</valUSD>
        <pctVal>0.016456640587</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Eurocommercial Properties N.V.</name>
        <lei>724500SFK53FPNM68L95</lei>
        <title>EUROCOMMERCIAL PROPERTIES NV</title>
        <cusip>N/A</cusip>
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          <isin value="NL0015000K93"/>
          <other otherDesc="Internal" value="BMZ4R21"/>
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        <balance>177681.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gubra A/S</name>
        <lei>254900T17RRFZONO6W53</lei>
        <title>GUBRA A S</title>
        <cusip>K4272R119</cusip>
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          <isin value="DK0062266474"/>
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        <balance>25738.00000000</balance>
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        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fugro N.V.</name>
        <lei>7245000R8GNBSDTSZ396</lei>
        <title>FUGRO NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL00150003E1"/>
          <other otherDesc="Internal" value="BN0TYP0"/>
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        <balance>447500.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ferrari Group PLC</name>
        <lei>N/A</lei>
        <title>FERRARI GROUP PLC</title>
        <cusip>G33835102</cusip>
        <identifiers>
          <isin value="GB00BN0VZ646"/>
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        <balance>64177.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WA1 Resources Ltd</name>
        <lei>529900DH6OUWPF9CMW60</lei>
        <title>WA1 RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000196594"/>
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        <balance>198023.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Conduit Holdings Ltd</name>
        <lei>21380085AE62D1BXSF19</lei>
        <title>CONDUIT HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG243851091"/>
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        <balance>577764.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hemnet Group AB (publ)</name>
        <lei>5493008VIU67J3HUAR07</lei>
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        <cusip>N/A</cusip>
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          <isin value="SE0015671995"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LIFEDRINK COMPANY, INC.</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="JP3966680005"/>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KINEPOLIS GROUP NV</name>
        <lei>5493002BJQRO0S06F161</lei>
        <title>KINEPOLIS GROUP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974274061"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>VOLUTION GROUP PLC</name>
        <lei>213800EPT84EQCDHO768</lei>
        <title>VOLUTION GROUP PLC</title>
        <cusip>N/A</cusip>
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          <isin value="GB00BN3ZZ526"/>
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        <balance>771897.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>ELIOR GROUP SA</name>
        <lei>969500LYSYS0E800SQ95</lei>
        <title>ELIOR GROUP SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0011950732"/>
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        <balance>487478.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Baltic Classifieds Group PLC</name>
        <lei>213800I1RPHCFSSQS969</lei>
        <title>BALTIC CLASSIFIEDS GROUP PLC</title>
        <cusip>G07167102</cusip>
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          <isin value="GB00BN44P254"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AutoStore Holdings Ltd.</name>
        <lei>549300KYN3M0LSM5A413</lei>
        <title>AUTOSTORE HOLDINGS LTD</title>
        <cusip>G0670A109</cusip>
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          <isin value="BMG0670A1099"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Dynavox Group AB</name>
        <lei>5493008X1XZR4R5R0P66</lei>
        <title>DYNAVOX GROUP AB</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hbm Holdings Ltd</name>
        <lei>254900ZT5QBQG3JL9J21</lei>
        <title>HBM HOLDINGS LTD</title>
        <cusip>G4403H100</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>ASHTROM GROUP LTD.</name>
        <lei>N/A</lei>
        <title>ASHTROM GROUP LTD</title>
        <cusip>N/A</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Next Vision Stabilized Systems Ltd</name>
        <lei>2549001OCAI48UYCZD40</lei>
        <title>NEXT VISION STABILIZED SYSTEMS LTD</title>
        <cusip>N/A</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Technoprobe SpA</name>
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        <title>TECHNOPROBE SPA</title>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ISRAS HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>ISRAS HOLDINGS LTD</title>
        <cusip>N/A</cusip>
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          <isin value="IL0012029778"/>
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        <fairValLevel>1</fairValLevel>
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        <name>AFRY AB</name>
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        <title>AFRY AB</title>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC</name>
        <lei>213800167WOVOK5ZC776</lei>
        <title>ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Simplex Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>SIMPLEX HOLDINGS INC</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>INROM CONSTRUCTION INDUSTRIES LTD</name>
        <lei>N/A</lei>
        <title>INROM CONSTRUCTION INDUSTRIES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011323560"/>
          <other otherDesc="Internal" value="BN7ZFB4"/>
        </identifiers>
        <balance>407459.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>3823148.89000000</valUSD>
        <pctVal>0.026567234439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Modern Times Group MTG AB</name>
        <lei>549300E8NDODRSX29339</lei>
        <title>MODERN TIMES GROUP MTG AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0018012494"/>
          <other otherDesc="Internal" value="BN90DN5"/>
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        <balance>343448.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>4683339.55000000</valUSD>
        <pctVal>0.032544738215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Smartgroup Corporation Ltd</name>
        <lei>254900GHFZAMQGOYO431</lei>
        <title>SMARTGROUP CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SIQ4"/>
          <other otherDesc="Internal" value="BNB5WS6"/>
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        <balance>510929.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.023156311238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ONTEX GROUP NV</name>
        <lei>549300AQESC6JJOPW253</lei>
        <title>ONTEX GROUP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974276082"/>
          <other otherDesc="Internal" value="BNBNNH6"/>
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        <balance>251791.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.005975810502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INFICON HOLDING AG</name>
        <lei>5067008UT6890I0YM937</lei>
        <title>INFICON HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1431598916"/>
          <other otherDesc="Internal" value="BNBQ7P1"/>
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        <balance>67357.00000000</balance>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Engcon AB</name>
        <lei>549300EMZ2B768S85S50</lei>
        <title>ENGCON AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017769847"/>
          <other otherDesc="Internal" value="BNBS2J6"/>
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        <balance>168061.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Technip Energies N.V.</name>
        <lei>724500FLODI49NSCIP70</lei>
        <title>TECHNIP ENERGIES NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0014559478"/>
          <other otherDesc="Internal" value="BNC0116"/>
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        <balance>528477.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Linea Directa Aseguradora SA Compania de Seguros y Reaseguros</name>
        <lei>95980079E2NBJT967T79</lei>
        <title>LINEA DIRECTA ASEGURADORA SA CIA DE SEGUROS Y REAS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105546008"/>
          <other otherDesc="Internal" value="BNC0LH2"/>
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        <balance>2190758.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3059707.10000000</valUSD>
        <pctVal>0.021262042933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PolyPeptide Group AG</name>
        <lei>5067007JCKTPOX4G9758</lei>
        <title>POLYPEPTIDE GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1110760852"/>
          <other otherDesc="Internal" value="BNC0LN8"/>
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        <balance>60743.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>2973444.72000000</valUSD>
        <pctVal>0.020662601756</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HomeCo Daily Needs REIT</name>
        <lei>N/A</lei>
        <title>HOMECO DAILY NEEDS REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000113136"/>
          <other otherDesc="Internal" value="BNC0NF4"/>
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        <balance>6847131.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.043763583863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TUI AG</name>
        <lei>529900SL2WSPV293B552</lei>
        <title>TUI AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000TUAG505"/>
          <other otherDesc="Internal" value="BNC3GJ8"/>
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        <balance>1783499.00000000</balance>
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        <pctVal>0.092230498327</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>
      <invstOrSec>
        <name>Visional Inc</name>
        <lei>N/A</lei>
        <title>VISIONAL INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3800270005"/>
          <other otherDesc="Internal" value="BNC53Q0"/>
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        <balance>93800.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IMCD N.V.</name>
        <lei>724500NSJPNFJPDAUP02</lei>
        <title>IMCD NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0010801007"/>
          <other otherDesc="Internal" value="BNCBD46"/>
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        <balance>233001.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.190385509165</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRIDGEPOINT GROUP PLC</name>
        <lei>213800KFNMVI8PDZX472</lei>
        <title>BRIDGEPOINT GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BND88V85"/>
          <other otherDesc="Internal" value="BND88V8"/>
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        <balance>960592.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
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        <pctVal>0.022657782983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nordnet AB (publ)</name>
        <lei>549300D6WW5ZTWLZ4C08</lei>
        <title>NORDNET AB PUBL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015192067"/>
          <other otherDesc="Internal" value="BNDLH43"/>
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        <balance>538477.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>FWD GROUP HOLDINGS LIMITED</name>
        <lei>254900HEGGDS8WU5QZ97</lei>
        <title>FWD GROUP HOLDINGS LTD</title>
        <cusip>G37048108</cusip>
        <identifiers>
          <isin value="KYG370481080"/>
          <other otherDesc="Internal" value="BNDR440"/>
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        <balance>750900.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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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>Dottikon ES Holding AG</name>
        <lei>50670064H782SV8G2Z44</lei>
        <title>DOTTIKON ES HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0582581713"/>
          <other otherDesc="Internal" value="BNDRF25"/>
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        <balance>13690.00000000</balance>
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        <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>Cover Corp</name>
        <lei>52990035OHMHKGU4UZ13</lei>
        <title>COVER CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3218500001"/>
          <other otherDesc="Internal" value="BNDTKL5"/>
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        <balance>154800.00000000</balance>
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        <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>Svolder AB</name>
        <lei>5493006ZVS6SHCKH6I37</lei>
        <title>SVOLDER AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017161458"/>
          <other otherDesc="Internal" value="BNDWX15"/>
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        <balance>364019.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WORLDLINE SA</name>
        <lei>549300CJMQNCA0U4TS33</lei>
        <title>WORLDLINE SA FRANCE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0011981968"/>
          <other otherDesc="Internal" value="BNFWR44"/>
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        <balance>5584925.00000000</balance>
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        <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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      <invstOrSec>
        <name>COFACE SA</name>
        <lei>96950025N07LTJYFSN57</lei>
        <title>COFACE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010667147"/>
          <other otherDesc="Internal" value="BNFWV75"/>
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        <balance>411606.00000000</balance>
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        <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>
      <invstOrSec>
        <name>KOKUSAI ELECTRIC CORPORATION</name>
        <lei>N/A</lei>
        <title>KOKUSAI ELECTRIC CORP</title>
        <cusip>J3532A108</cusip>
        <identifiers>
          <isin value="JP3293330001"/>
          <other otherDesc="Internal" value="BNGHNG2"/>
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        <balance>752900.00000000</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERLIN Properties SOCIMI, S.A.</name>
        <lei>959800L8KD863DP30X04</lei>
        <title>MERLIN PROPERTIES SOCIMI SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105025003"/>
          <other otherDesc="Internal" value="BNGNB77"/>
        </identifiers>
        <balance>1555171.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>27195568.52000000</valUSD>
        <pctVal>0.188983234859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUCHS SE</name>
        <lei>529900SNF9E1P5ZO4P98</lei>
        <title>FUCHS SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A3E5D64"/>
          <other otherDesc="Internal" value="BNHRG84"/>
        </identifiers>
        <balance>259304.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>12228062.10000000</valUSD>
        <pctVal>0.084973356229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALK-ABELLO A/S</name>
        <lei>529900SGCREUZCZ7P020</lei>
        <title>ALK ABELLO A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0061802139"/>
          <other otherDesc="Internal" value="BNHSHK6"/>
        </identifiers>
        <balance>520461.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>19494192.28000000</valUSD>
        <pctVal>0.135466023272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUILTER PLC</name>
        <lei>54930092XIVK28RZGM95</lei>
        <title>QUILTER PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BNHSJN34"/>
          <other otherDesc="Internal" value="BNHSJN3"/>
        </identifiers>
        <balance>5493805.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>13718570.36000000</valUSD>
        <pctVal>0.095330965497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trustpilot Group PLC</name>
        <lei>2138002ILUNMGNPSGG46</lei>
        <title>TRUSTPILOT GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BNK9TP58"/>
          <other otherDesc="Internal" value="BNK9TP5"/>
        </identifiers>
        <balance>1428251.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>5060853.54000000</valUSD>
        <pctVal>0.035168099995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vimian Group AB</name>
        <lei>549300OQ8R5TCAP0BS18</lei>
        <title>VIMIAN GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015961982"/>
          <other otherDesc="Internal" value="BNKCRG1"/>
        </identifiers>
        <balance>730056.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>2380080.21000000</valUSD>
        <pctVal>0.016539284956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1820246.78113700"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DANYA CEBUS LTD</name>
        <lei>N/A</lei>
        <title>DANYA CEBUS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011731374"/>
          <other otherDesc="Internal" value="BNKHD79"/>
        </identifiers>
        <balance>43652.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>2252385.45000000</valUSD>
        <pctVal>0.015651928297</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="109234.39928500"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intershop Holding AG</name>
        <lei>506700CGX4K77JX3R725</lei>
        <title>INTERSHOP HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1338987303"/>
          <other otherDesc="Internal" value="BNKT5J1"/>
        </identifiers>
        <balance>22455.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>4874087.16000000</valUSD>
        <pctVal>0.033870251978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VOLTALIA SA</name>
        <lei>969500KE938Z79ZH1N44</lei>
        <title>VOLTALIA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0011995588"/>
          <other otherDesc="Internal" value="BNLPTL8"/>
        </identifiers>
        <balance>159355.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1324251.31000000</valUSD>
        <pctVal>0.009202282208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1120629.64862100"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPIRE HEALTHCARE GROUP PLC</name>
        <lei>213800IBJPW3SE2RA350</lei>
        <title>SPIRE HEALTHCARE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BNLPYF73"/>
          <other otherDesc="Internal" value="BNLPYF7"/>
        </identifiers>
        <balance>1053956.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2337697.64000000</valUSD>
        <pctVal>0.016244766562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OLAM GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>OLAM GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXE65760014"/>
          <other otherDesc="Internal" value="BNM1NQ8"/>
        </identifiers>
        <balance>3817900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>3059599.31000000</valUSD>
        <pctVal>0.021261293896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="295790.38354000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Accelleron Industries AG</name>
        <lei>254900KS0MD2PAARXD14</lei>
        <title>ACCELLERON INDUSTRIES AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1169360919"/>
          <other otherDesc="Internal" value="BNM73Q6"/>
        </identifiers>
        <balance>372785.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>39940116.67000000</valUSD>
        <pctVal>0.277545675994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PENNON GROUP PLC</name>
        <lei>213800V1CCTS41GWH423</lei>
        <title>PENNON GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BNNTLN49"/>
          <other otherDesc="Internal" value="BNNTLN4"/>
        </identifiers>
        <balance>1854774.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>13868738.18000000</valUSD>
        <pctVal>0.096374488466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INTERCOS S.P.A.</name>
        <lei>8156004C3711C92F7648</lei>
        <title>INTERCOS SPA</title>
        <cusip>T5R00Q176</cusip>
        <identifiers>
          <isin value="IT0005455875"/>
          <other otherDesc="Internal" value="BNT8D28"/>
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        <balance>205507.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2923261.90000000</valUSD>
        <pctVal>0.020313879071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VOBILE GROUP LIMITED</name>
        <lei>254900YIB5FJSDJA2S88</lei>
        <title>VOBILE GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG9390R1103"/>
          <other otherDesc="Internal" value="BNT8LN5"/>
        </identifiers>
        <balance>7614000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>3065582.93000000</valUSD>
        <pctVal>0.021302874341</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1062526.05099300"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Friedrich Vorwerk Group SE</name>
        <lei>529900NBM89YAM5ENI18</lei>
        <title>FRIEDRICH VORWERK GROUP SE</title>
        <cusip>D2R9Z3109</cusip>
        <identifiers>
          <isin value="DE000A255F11"/>
          <other otherDesc="Internal" value="BNTJ0F3"/>
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        <balance>28485.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2443394.24000000</valUSD>
        <pctVal>0.016979257012</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>
      <invstOrSec>
        <name>ALLFUNDS GROUP PLC</name>
        <lei>9598005U8TZQ8Q64SC71</lei>
        <title>ALLFUNDS GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BNTJ3546"/>
          <other otherDesc="Internal" value="BNTJ354"/>
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        <balance>1175402.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.083591597519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VENTIA SERVICES GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>VENTIA SERVICES GROUP PTY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000184459"/>
          <other otherDesc="Internal" value="BNV08F0"/>
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        <balance>3268890.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>12584182.87000000</valUSD>
        <pctVal>0.087448055556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Develop Global Ltd</name>
        <lei>N/A</lei>
        <title>DEVELOP GLOBAL LTD</title>
        <cusip>Q9394G267</cusip>
        <identifiers>
          <isin value="AU0000179707"/>
          <other otherDesc="Internal" value="BNVQGB0"/>
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        <balance>969622.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3767922.73000000</valUSD>
        <pctVal>0.026183465357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENDEAVOUR GROUP LIMITED</name>
        <lei>254900JAN9FOLMWAD533</lei>
        <title>ENDEAVOUR GROUP LTD AUSTRALIA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000154833"/>
          <other otherDesc="Internal" value="BNVS144"/>
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        <balance>6030307.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>14599376.13000000</valUSD>
        <pctVal>0.101451724605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HBX GROUP INTERNATIONAL PLC</name>
        <lei>984500745985CA77CS69</lei>
        <title>HBX GROUP INTERNATIONAL PLC</title>
        <cusip>G13077105</cusip>
        <identifiers>
          <isin value="GB00BNXJB679"/>
          <other otherDesc="Internal" value="BNXJB67"/>
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        <balance>298409.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2438179.07000000</valUSD>
        <pctVal>0.016943016560</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1471050.25693100"/>
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      </invstOrSec>
      <invstOrSec>
        <name>DIGITAL CORE REIT</name>
        <lei>549300IIGO612K0POE26</lei>
        <title>DIGITAL CORE REIT MANAGEMENT PTE LTD</title>
        <cusip>Y2076L101</cusip>
        <identifiers>
          <isin value="SGXC50067435"/>
          <other otherDesc="Internal" value="BNYGMH5"/>
        </identifiers>
        <balance>3658800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1889194.30000000</valUSD>
        <pctVal>0.013128096580</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</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>
      <invstOrSec>
        <name>NCAB Group AB (publ)</name>
        <lei>549300RUPCK2N43ES354</lei>
        <title>NCAB GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017160773"/>
          <other otherDesc="Internal" value="BNYKZJ0"/>
        </identifiers>
        <balance>707836.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>5527602.89000000</valUSD>
        <pctVal>0.038411562324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ANTIN INFRASTRUCTURE PARTNERS SAS</name>
        <lei>2138004PVNAV1E9SZP35</lei>
        <title>ANTIN INFRASTRUCTURE PARTNERS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0014005AL0"/>
          <other otherDesc="Internal" value="BNZJDK3"/>
        </identifiers>
        <balance>133399.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1657060.09000000</valUSD>
        <pctVal>0.011514985462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yangzijiang Financial Holding Ltd</name>
        <lei>N/A</lei>
        <title>YANGZIJIANG FINANCIAL HOLDING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXE77102635"/>
          <other otherDesc="Internal" value="BNZKT97"/>
        </identifiers>
        <balance>7669400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>1578941.94000000</valUSD>
        <pctVal>0.010972138907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="265661.80918600"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Seatrium Limited</name>
        <lei>254900MQNHWMN6X1NV39</lei>
        <title>SEATRIUM LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXE34184239"/>
          <other otherDesc="Internal" value="BNZKZY4"/>
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        <balance>8727800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>16180101.08000000</valUSD>
        <pctVal>0.112436253729</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>
      <invstOrSec>
        <name>THE BERKELEY GROUP HOLDINGS PLC</name>
        <lei>2138009OQSSLVVHQAL78</lei>
        <title>BERKELEY GROUP HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BP0RGD03"/>
          <other otherDesc="Internal" value="BP0RGD0"/>
        </identifiers>
        <balance>375184.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>16335298.15000000</valUSD>
        <pctVal>0.113514725184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aichi Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>AICHI FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3104790005"/>
          <other otherDesc="Internal" value="BP29PF9"/>
        </identifiers>
        <balance>723700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6865567.62000000</valUSD>
        <pctVal>0.047709139708</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>Chugin Financial Group,Inc.</name>
        <lei>N/A</lei>
        <title>CHUGIN FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3520700000"/>
          <other otherDesc="Internal" value="BP29PY8"/>
        </identifiers>
        <balance>583600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10861430.40000000</valUSD>
        <pctVal>0.075476570775</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>Stabilus SE</name>
        <lei>529900JOSL94HJN4VZ28</lei>
        <title>STABILUS SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000STAB1L8"/>
          <other otherDesc="Internal" value="BP2B2B0"/>
        </identifiers>
        <balance>93980.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1904591.80000000</valUSD>
        <pctVal>0.013235094503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anycolor Inc</name>
        <lei>N/A</lei>
        <title>ANYCOLOR INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3164780003"/>
          <other otherDesc="Internal" value="BP2QN78"/>
        </identifiers>
        <balance>120800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2133302.30000000</valUSD>
        <pctVal>0.014824414105</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>Dexus Industria REIT</name>
        <lei>N/A</lei>
        <title>DEXUS INDUSTRIA REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000192833"/>
          <other otherDesc="Internal" value="BP2RQ94"/>
        </identifiers>
        <balance>996323.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>1780983.68000000</valUSD>
        <pctVal>0.012376136091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INDUSTRIE DE NORA S.P.A.</name>
        <lei>815600CD933CB2F89862</lei>
        <title>INDUSTRIE DE NORA SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005186371"/>
          <other otherDesc="Internal" value="BP2S3V8"/>
        </identifiers>
        <balance>128587.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>934170.61000000</valUSD>
        <pctVal>0.006491593792</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Iyogin Holdings,Inc.</name>
        <lei>N/A</lei>
        <title>IYOGIN HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3149700001"/>
          <other otherDesc="Internal" value="BP38QH4"/>
        </identifiers>
        <balance>927300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>17870352.60000000</valUSD>
        <pctVal>0.124181887940</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>Shizuoka Financial Group, Inc.</name>
        <lei>353800MNO5C8V2SHGA81</lei>
        <title>SHIZUOKA FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3351500008"/>
          <other otherDesc="Internal" value="BP38QJ6"/>
        </identifiers>
        <balance>1717100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>30144749.32000000</valUSD>
        <pctVal>0.209477225538</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>Logista Integral, S.A.</name>
        <lei>9598000ANNAL42UJ7X28</lei>
        <title>LOGISTA INTEGRAL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105027009"/>
          <other otherDesc="Internal" value="BP3QYZ2"/>
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        <balance>235702.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>9208444.00000000</valUSD>
        <pctVal>0.063989893568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Synsam AB (publ)</name>
        <lei>5493000TMEGW9DHNOQ70</lei>
        <title>SYNSAM AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0016829709"/>
          <other otherDesc="Internal" value="BP4DDM2"/>
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        <balance>471610.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>2906030.05000000</valUSD>
        <pctVal>0.020194134167</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JOHNSON ELECTRIC HOLDINGS LIMITED</name>
        <lei>529900EDYRQ6K25JEC80</lei>
        <title>JOHNSON ELECTRIC HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG5150J1577"/>
          <other otherDesc="Internal" value="BP4JH17"/>
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        <balance>1493750.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>4053544.38000000</valUSD>
        <pctVal>0.028168263112</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bystronic AG</name>
        <lei>529900OG85OX10GRW920</lei>
        <title>BYSTRONIC AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0244017502"/>
          <other otherDesc="Internal" value="BP4W2Q6"/>
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        <balance>5198.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>1294593.72000000</valUSD>
        <pctVal>0.008996190274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HELIA GROUP LIMITED</name>
        <lei>529900RUQ2G0JXJOF423</lei>
        <title>HELIA GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000251498"/>
          <other otherDesc="Internal" value="BP5HL07"/>
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        <balance>1033896.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.027959597670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oxford Nanopore Technologies PLC</name>
        <lei>213800IRWQ2Q6M2CDW55</lei>
        <title>OXFORD NANOPORE TECHNOLOGIES PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BP6S8Z30"/>
          <other otherDesc="Internal" value="BP6S8Z3"/>
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        <balance>1770368.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2704218.99000000</valUSD>
        <pctVal>0.018791739989</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1356105.40820900"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Kempower Oyj</name>
        <lei>743700EIG9TDB5QNZS09</lei>
        <title>KEMPOWER OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000513593"/>
          <other otherDesc="Internal" value="BP6VMQ1"/>
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        <balance>89884.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1513103.39000000</valUSD>
        <pctVal>0.010514623847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="583414.44736800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Aktiebolaget Electrolux</name>
        <lei>549300Y3HHZB1ZGFPJ93</lei>
        <title>ELECTROLUX AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0016589188"/>
          <other otherDesc="Internal" value="BP81612"/>
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        <balance>867763.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>4851524.14000000</valUSD>
        <pctVal>0.033713460533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TATE &amp; LYLE PUBLIC LIMITED COMPANY</name>
        <lei>2138008K14474WPKZ244</lei>
        <title>TATE LYLE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BP92CJ43"/>
          <other otherDesc="Internal" value="BP92CJ4"/>
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        <balance>1483181.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>7408952.17000000</valUSD>
        <pctVal>0.051485143506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KELSIAN GROUP LIMITED</name>
        <lei>984500FAK68AD2A97558</lei>
        <title>KELSIAN GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000186678"/>
          <other otherDesc="Internal" value="BPBKR80"/>
        </identifiers>
        <balance>743695.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2056025.66000000</valUSD>
        <pctVal>0.014287415241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REGION RE LIMITED</name>
        <lei>549300MS6NZV0B7K7D28</lei>
        <title>REGION GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000253502"/>
          <other otherDesc="Internal" value="BPBMY63"/>
        </identifiers>
        <balance>4592076.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>7679008.25000000</valUSD>
        <pctVal>0.053361775413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>R&amp;S Group Holding AG</name>
        <lei>N/A</lei>
        <title>R S GROUP HOLDING AG</title>
        <cusip>H9232B116</cusip>
        <identifiers>
          <isin value="CH1107979838"/>
          <other otherDesc="Internal" value="BPBQL86"/>
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        <balance>117132.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>3933753.57000000</valUSD>
        <pctVal>0.027335831359</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FireFly Metals Ltd</name>
        <lei>529900XFOBB3CJ170E75</lei>
        <title>FIREFLY METALS LTD</title>
        <cusip>Q1198K164</cusip>
        <identifiers>
          <isin value="AU0000313769"/>
          <other otherDesc="Internal" value="BPDXXB2"/>
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        <balance>2545071.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3674273.70000000</valUSD>
        <pctVal>0.025532694014</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>
      <invstOrSec>
        <name>Integral Corporation</name>
        <lei>254900LBW5E2GUM0UK59</lei>
        <title>INTEGRAL CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3152910000"/>
          <other otherDesc="Internal" value="BPG7MF8"/>
        </identifiers>
        <balance>39300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>927331.75000000</valUSD>
        <pctVal>0.006444070245</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Logistea AB</name>
        <lei>549300ZSB0ZCKM1SL747</lei>
        <title>LOGISTEA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017131337"/>
          <other otherDesc="Internal" value="BPG98P6"/>
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        <balance>1215740.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>1843476.75000000</valUSD>
        <pctVal>0.012810403259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ariston Holding N.V.</name>
        <lei>815600CC86D25A205563</lei>
        <title>ARISTON HOLDING NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015000N33"/>
          <other otherDesc="Internal" value="BPG9MQ5"/>
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        <balance>324875.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1499927.70000000</valUSD>
        <pctVal>0.010423065382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pluxee N.V.</name>
        <lei>213800RQNIQT48SEEO85</lei>
        <title>PLUXEE NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015001W49"/>
          <other otherDesc="Internal" value="BPK85C5"/>
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        <balance>343287.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.033897334840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>JUVENTUS F.C. - S.P.A.</name>
        <lei>815600A253A0AF58C166</lei>
        <title>JUVENTUS FOOTBALL CLUB SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005572778"/>
          <other otherDesc="Internal" value="BPLDLK9"/>
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        <balance>440551.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.007308205696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1030598.70186500"/>
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      <invstOrSec>
        <name>TOMRA SYSTEMS ASA</name>
        <lei>549300J726JCFJU3VT89</lei>
        <title>TOMRA SYSTEMS ASA</title>
        <cusip>R91733155</cusip>
        <identifiers>
          <isin value="NO0012470089"/>
          <other otherDesc="Internal" value="BPLXRG7"/>
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        <balance>880555.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>8986977.29000000</valUSD>
        <pctVal>0.062450911390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wihlborgs Fastigheter AB</name>
        <lei>549300RC1YDJPITF8X06</lei>
        <title>WIHLBORGS FASTIGHETER AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0018012635"/>
          <other otherDesc="Internal" value="BPMQMP9"/>
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        <balance>1092328.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>9657126.00000000</valUSD>
        <pctVal>0.067107805066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ZIP CO LIMITED</name>
        <lei>254900RM95URFC15G140</lei>
        <title>ZIP CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000218307"/>
          <other otherDesc="Internal" value="BPP1Y77"/>
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        <balance>4986112.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>8990391.08000000</valUSD>
        <pctVal>0.062474633971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IONOS Group SE</name>
        <lei>391200NQNTF0AP2MP438</lei>
        <title>IONOS GROUP SE</title>
        <cusip>D3R77H101</cusip>
        <identifiers>
          <isin value="DE000A3E00M1"/>
          <other otherDesc="Internal" value="BPRD664"/>
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        <balance>194544.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.041613519258</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>Super Hi International Holding Ltd</name>
        <lei>N/A</lei>
        <title>SUPER HI INTERNATIONAL HOLDING LTD</title>
        <cusip>G8588S104</cusip>
        <identifiers>
          <isin value="KYG8588S1049"/>
          <other otherDesc="Internal" value="BPRT9S5"/>
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        <balance>767000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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        <pctVal>0.007301629954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Instalco AB</name>
        <lei>549300DZ9ONT2AXY4029</lei>
        <title>INSTALCO AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017483506"/>
          <other otherDesc="Internal" value="BPV8VP9"/>
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        <balance>971485.00000000</balance>
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        <pctVal>0.027989947833</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BioGaia AB</name>
        <lei>549300UBUJOY2L7TT361</lei>
        <title>BIOGAIA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017769995"/>
          <other otherDesc="Internal" value="BPX36K2"/>
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        <balance>347835.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>D'Amico International Shipping SA</name>
        <lei>2221005IWV4R4EP4D553</lei>
        <title>D AMICO INTERNATIONAL SHIPPING SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU2592315662"/>
          <other otherDesc="Internal" value="BPXYP75"/>
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        <balance>192523.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Intea Fastigheter AB (publ)</name>
        <lei>549300KD3XGX3754UW61</lei>
        <title>INTEA FASTIGHETER AB</title>
        <cusip>W4R62U163</cusip>
        <identifiers>
          <isin value="SE0017072259"/>
          <other otherDesc="Internal" value="BQ3QQ53"/>
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        <balance>452687.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARYZTA AG</name>
        <lei>549300W2PUDQQVRD8W85</lei>
        <title>ARYZTA AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1425684714"/>
          <other otherDesc="Internal" value="BQ81G86"/>
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        <balance>93199.00000000</balance>
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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>Pfisterer Holding SE</name>
        <lei>529900APPYG9TGZYS639</lei>
        <title>PFISTERER HOLDING SE</title>
        <cusip>D6S83H105</cusip>
        <identifiers>
          <isin value="DE000PFSE212"/>
          <other otherDesc="Internal" value="BQ81M33"/>
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        <balance>28799.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3506215.18000000</valUSD>
        <pctVal>0.024364847763</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>
      <invstOrSec>
        <name>Redox Ltd</name>
        <lei>984500FE9LB83BDC7K07</lei>
        <title>REDOX LTD AUSTRALIA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000284895"/>
          <other otherDesc="Internal" value="BQ81P89"/>
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        <balance>795741.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>1873362.97000000</valUSD>
        <pctVal>0.013018083952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Finnair Oyj</name>
        <lei>213800SB6EOB8SSK9W63</lei>
        <title>FINNAIR OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000567029"/>
          <other otherDesc="Internal" value="BQ9D7Q6"/>
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        <balance>364586.00000000</balance>
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        <valUSD>1372224.96000000</valUSD>
        <pctVal>0.009535653270</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMOTIV LIMITED</name>
        <lei>254900KHH5GGEGUIZS22</lei>
        <title>AMOTIV LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000340770"/>
          <other otherDesc="Internal" value="BQH8HH4"/>
        </identifiers>
        <balance>516850.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2403984.32000000</valUSD>
        <pctVal>0.016705395697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="594765.76753600"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flow Traders Ltd.</name>
        <lei>549300GSUZI1V3BEXQ36</lei>
        <title>FLOW TRADERS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG3602E1084"/>
          <other otherDesc="Internal" value="BQJXXT1"/>
        </identifiers>
        <balance>136603.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4396085.95000000</valUSD>
        <pctVal>0.030548599965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EXOSENS SA</name>
        <lei>969500R3AKTPEDO9EG76</lei>
        <title>EXOSENS SAS</title>
        <cusip>F33896105</cusip>
        <identifiers>
          <isin value="FR001400Q9V2"/>
          <other otherDesc="Internal" value="BQKMP24"/>
        </identifiers>
        <balance>119907.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>9156726.98000000</valUSD>
        <pctVal>0.063630509659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Planisware SA</name>
        <lei>969500356FAUM2X41Q59</lei>
        <title>PLANISWARE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR001400PFU4"/>
          <other otherDesc="Internal" value="BQLSWP3"/>
        </identifiers>
        <balance>95981.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2026155.65000000</valUSD>
        <pctVal>0.014079847192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AKER SOLUTIONS ASA</name>
        <lei>5967007LIEEXZXG42836</lei>
        <title>AKER SOLUTIONS ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010716582"/>
          <other otherDesc="Internal" value="BQN1C50"/>
        </identifiers>
        <balance>1173443.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>5339876.83000000</valUSD>
        <pctVal>0.037107045448</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ams-OSRAM AG</name>
        <lei>5299001JPPT2QFTV5D76</lei>
        <title>AMS OSRAM AG</title>
        <cusip>A0400Q115</cusip>
        <identifiers>
          <isin value="AT0000A3EPA4"/>
          <other otherDesc="Internal" value="BQPGGN9"/>
        </identifiers>
        <balance>391049.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>6280888.58000000</valUSD>
        <pctVal>0.043646178632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KADOKAWA CORPORATION</name>
        <lei>N/A</lei>
        <title>KADOKAWA CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3214350005"/>
          <other otherDesc="Internal" value="BQQ1JP6"/>
        </identifiers>
        <balance>324434.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7373358.70000000</valUSD>
        <pctVal>0.051237802875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Kiraboshi Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>TOKYO KIRABOSHI FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3584400000"/>
          <other otherDesc="Internal" value="BQQ1JS9"/>
        </identifiers>
        <balance>91300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>6794593.88000000</valUSD>
        <pctVal>0.047215939981</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>SKYLARK HOLDINGS CO., LTD.</name>
        <lei>353800P64XSC0Q9CEB70</lei>
        <title>SKYLARK HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3396210001"/>
          <other otherDesc="Internal" value="BQQD167"/>
        </identifiers>
        <balance>899700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>17286561.27000000</valUSD>
        <pctVal>0.120125095601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GAMMA COMMUNICATIONS PLC</name>
        <lei>213800LAQZXPRIZUEH50</lei>
        <title>GAMMA COMMUNICATIONS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BQS10J50"/>
          <other otherDesc="Internal" value="BQS10J5"/>
        </identifiers>
        <balance>356615.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>4388725.45000000</valUSD>
        <pctVal>0.030497451518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Wave Group AB</name>
        <lei>5493006EIYZZYQILKS31</lei>
        <title>NEW WAVE GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0020356970"/>
          <other otherDesc="Internal" value="BQS92L5"/>
        </identifiers>
        <balance>371850.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>3912291.85000000</valUSD>
        <pctVal>0.027186692897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCATEC ASA</name>
        <lei>5967007LIEEXZXIARK36</lei>
        <title>SCATEC ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010715139"/>
          <other otherDesc="Internal" value="BQSSWW3"/>
        </identifiers>
        <balance>510146.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>6635141.24000000</valUSD>
        <pctVal>0.046107896378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Metro Co., Ltd.</name>
        <lei>35380049N9IQPZ74JY58</lei>
        <title>TOKYO METRO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3583900000"/>
          <other otherDesc="Internal" value="BQTY1X4"/>
        </identifiers>
        <balance>1150000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>11517996.87000000</valUSD>
        <pctVal>0.080039080852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Abacus Group</name>
        <lei>N/A</lei>
        <title>ABACUS GROUP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000291882"/>
          <other otherDesc="Internal" value="BQV4PB8"/>
        </identifiers>
        <balance>1744882.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>1285163.41000000</valUSD>
        <pctVal>0.008930658624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REALORD GROUP HOLDINGS LIMITED</name>
        <lei>N/A</lei>
        <title>REALORD GROUP HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG7403L1046"/>
          <other otherDesc="Internal" value="BQV68C6"/>
        </identifiers>
        <balance>1716000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>2453775.93000000</valUSD>
        <pctVal>0.017051399845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="749288.22104700"/>
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      </invstOrSec>
      <invstOrSec>
        <name>REGIS HEALTHCARE LIMITED</name>
        <lei>N/A</lei>
        <title>REGIS HEALTHCARE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000REG6"/>
          <other otherDesc="Internal" value="BQV68F9"/>
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        <balance>767850.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>3665155.13000000</valUSD>
        <pctVal>0.025469328659</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DOF GROUP ASA</name>
        <lei>213800GIV9N2A714T434</lei>
        <title>DOF GROUP ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0012851874"/>
          <other otherDesc="Internal" value="BQWSKZ8"/>
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        <balance>584917.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>8674603.15000000</valUSD>
        <pctVal>0.060280209373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Inwido AB (publ)</name>
        <lei>529900A9NKQW5UTHBG13</lei>
        <title>INWIDO AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0006220018"/>
          <other otherDesc="Internal" value="BQY78Q0"/>
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        <balance>228409.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>3487305.88000000</valUSD>
        <pctVal>0.024233446183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GemLife Communities Group</name>
        <lei>N/A</lei>
        <title>GEMLIFE COMMUNITIES GROUP</title>
        <cusip>Q3980C111</cusip>
        <identifiers>
          <isin value="AU0000402562"/>
          <other otherDesc="Internal" value="BQYL129"/>
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        <balance>708375.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2371475.39000000</valUSD>
        <pctVal>0.016479489673</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <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>
      <invstOrSec>
        <name>Abacus Storage King</name>
        <lei>N/A</lei>
        <title>ABACUS STORAGE KING</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000286213"/>
          <other otherDesc="Internal" value="BQYLGZ7"/>
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        <balance>1947626.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2001339.41000000</valUSD>
        <pctVal>0.013907398018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SHURGARD SELF STORAGE LIMITED</name>
        <lei>549300J0UEIKU81XO336</lei>
        <title>SHURGARD SELF STORAGE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GG00BQZCBZ44"/>
          <other otherDesc="Internal" value="BQZCBZ4"/>
        </identifiers>
        <balance>142991.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4398356.96000000</valUSD>
        <pctVal>0.030564381316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NIPPON KANZAI Holdings Co.,Ltd.</name>
        <lei>N/A</lei>
        <title>NIPPON KANZAI HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3695010003"/>
          <other otherDesc="Internal" value="BQZCC28"/>
        </identifiers>
        <balance>72600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1341807.45000000</valUSD>
        <pctVal>0.009324280618</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>AMRAM AVRAHAM CONSTRUCTION COMPANY LTD</name>
        <lei>N/A</lei>
        <title>AMRAM AVRAHAM CONSTRUCTION CO LTD</title>
        <cusip>M1R41K135</cusip>
        <identifiers>
          <isin value="IL0011882003"/>
          <other otherDesc="Internal" value="BR10WN4"/>
        </identifiers>
        <balance>108304.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>1538900.30000000</valUSD>
        <pctVal>0.010693887741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="288728.52430100"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EMEIS SA</name>
        <lei>969500LHIH3NT7PK1V89</lei>
        <title>EMEIS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR001400NLM4"/>
          <other otherDesc="Internal" value="BR1WF20"/>
        </identifiers>
        <balance>284841.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4814096.37000000</valUSD>
        <pctVal>0.033453373267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLOBALDATA PLC</name>
        <lei>2138005I669UO6PJXM24</lei>
        <title>GLOBALDATA PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BR3VDF43"/>
          <other otherDesc="Internal" value="BR3VDF4"/>
        </identifiers>
        <balance>1121497.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1654267.18000000</valUSD>
        <pctVal>0.011495577405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1637724.46394600"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIRIDIEN SA</name>
        <lei>969500FCVQ5SLAAUJV59</lei>
        <title>VIRIDIEN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR001400PVN6"/>
          <other otherDesc="Internal" value="BR3YYH2"/>
        </identifiers>
        <balance>28190.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4794712.68000000</valUSD>
        <pctVal>0.033318675129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sectra AB</name>
        <lei>549300R9ZBT8YSFFK266</lei>
        <title>SECTRA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0022419784"/>
          <other otherDesc="Internal" value="BRC3MR6"/>
        </identifiers>
        <balance>537915.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>14967657.15000000</valUSD>
        <pctVal>0.104010926059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kinnevik AB</name>
        <lei>2138006PZH76JOS6MN27</lei>
        <title>KINNEVIK AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0022060521"/>
          <other otherDesc="Internal" value="BRDY8X6"/>
        </identifiers>
        <balance>959659.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>5526264.74000000</valUSD>
        <pctVal>0.038402263460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENTRA ASA</name>
        <lei>549300APU14LQKTYCH34</lei>
        <title>ENTRA ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010716418"/>
          <other otherDesc="Internal" value="BRJ2VC4"/>
        </identifiers>
        <balance>191287.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>2172050.08000000</valUSD>
        <pctVal>0.015093674180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Granges AB</name>
        <lei>5493006UG44TYSIXOB13</lei>
        <title>GRANGES AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0006288015"/>
          <other otherDesc="Internal" value="BRJ3BP0"/>
        </identifiers>
        <balance>425959.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>8013763.86000000</valUSD>
        <pctVal>0.055688007277</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fevertree Drinks PLC</name>
        <lei>2138007AJRLHRVQZLD07</lei>
        <title>FEVERTREE DRINKS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BRJ9BJ26"/>
          <other otherDesc="Internal" value="BRJ9BJ2"/>
        </identifiers>
        <balance>402744.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>4452774.50000000</valUSD>
        <pctVal>0.030942531261</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCHOTT Pharma AG &amp; Co KgaA</name>
        <lei>529900TU48UE99NHEY88</lei>
        <title>SCHOTT PHARMA AG CO KGAA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A3ENQ51"/>
          <other otherDesc="Internal" value="BRJ9MM2"/>
        </identifiers>
        <balance>148413.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2595548.12000000</valUSD>
        <pctVal>0.018036581202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HAMMERSON PLC</name>
        <lei>213800G1C9KKVVDN1A60</lei>
        <title>HAMMERSON PLC</title>
        <cusip>G4273Q206</cusip>
        <identifiers>
          <isin value="GB00BRJQ8J25"/>
          <other otherDesc="Internal" value="BRJQ8J2"/>
        </identifiers>
        <balance>2061246.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>9233533.00000000</valUSD>
        <pctVal>0.064164238163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SHIFT Inc.</name>
        <lei>353800HJXMOPLJ7BO262</lei>
        <title>SHIFT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3355400007"/>
          <other otherDesc="Internal" value="BRJQJX3"/>
        </identifiers>
        <balance>724100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3061905.95000000</valUSD>
        <pctVal>0.021277322841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3031037.40499900"/>
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      </invstOrSec>
      <invstOrSec>
        <name>BIO ON SPA</name>
        <lei>N/A</lei>
        <title>BIO ON SPA</title>
        <cusip>T2R7AG104</cusip>
        <identifiers>
          <isin value="IT0005056236"/>
          <other otherDesc="Internal" value="BRKX814"/>
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        <balance>19879.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>0.23000000</valUSD>
        <pctVal>0.000000001598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="0.21189200"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Apotea AB (publ)</name>
        <lei>636700XU8GQ8ZL4RNM17</lei>
        <title>APOTEA AB</title>
        <cusip>W05022111</cusip>
        <identifiers>
          <isin value="SE0023313762"/>
          <other otherDesc="Internal" value="BRPT8W8"/>
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        <balance>228702.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>1953172.42000000</valUSD>
        <pctVal>0.013572683428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rakuten Bank, Ltd.</name>
        <lei>N/A</lei>
        <title>RAKUTEN BANK LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3967220009"/>
          <other otherDesc="Internal" value="BRPTWP9"/>
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        <balance>379900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>15349813.52000000</valUSD>
        <pctVal>0.106666547947</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>CANAL+ SA</name>
        <lei>9695000537F9F73BXN18</lei>
        <title>CANAL SADIR</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR001400T0D6"/>
          <other otherDesc="Internal" value="BRS9F13"/>
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        <balance>2719622.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>8489462.86000000</valUSD>
        <pctVal>0.058993661129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GENDA Inc.</name>
        <lei>353800JYKQUW85OO9O74</lei>
        <title>GENDA INC</title>
        <cusip>J1769T105</cusip>
        <identifiers>
          <isin value="JP3386890002"/>
          <other otherDesc="Internal" value="BRV2GK5"/>
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        <balance>376300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
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        <pctVal>0.008802439081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1225307.40175200"/>
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      <invstOrSec>
        <name>Douglas AG</name>
        <lei>529900RLJJSL6ZU4P947</lei>
        <title>DOUGLAS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000BEAU1Y4"/>
          <other otherDesc="Internal" value="BRWD2Z4"/>
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        <balance>126800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1514975.18000000</valUSD>
        <pctVal>0.010527631001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1146076.33411800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Mandatum Oyj</name>
        <lei>743700OAJK6L28Y2NN56</lei>
        <title>MANDATUM OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000552526"/>
          <other otherDesc="Internal" value="BRX9C06"/>
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        <balance>1702374.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>13615337.74000000</valUSD>
        <pctVal>0.094613597355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Rigaku Holdings Corporation</name>
        <lei>529900Y0KH94TFOLAZ47</lei>
        <title>RIGAKU HOLDINGS CORP</title>
        <cusip>J64708100</cusip>
        <identifiers>
          <isin value="JP3969750003"/>
          <other otherDesc="Internal" value="BRZWM70"/>
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        <balance>458500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>7901587.30000000</valUSD>
        <pctVal>0.054908487291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Raspberry Pi Holdings PLC</name>
        <lei>984500F5FB0E4FEBED17</lei>
        <title>RASPBERRY PI HOLDINGS PLC</title>
        <cusip>G7385Z105</cusip>
        <identifiers>
          <isin value="GB00BS3DYQ52"/>
          <other otherDesc="Internal" value="BS3DYQ5"/>
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        <balance>274352.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2331498.85000000</valUSD>
        <pctVal>0.016201690890</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC PROPERTY INVEST ASA</name>
        <lei>254900QSCB9T0W2KE886</lei>
        <title>PUBLIC PROPERTY INVEST AS</title>
        <cusip>R7S512109</cusip>
        <identifiers>
          <isin value="NO0013178616"/>
          <other otherDesc="Internal" value="BS3F0B8"/>
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        <balance>739863.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>1568416.60000000</valUSD>
        <pctVal>0.010898997844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CMB.TECH NV</name>
        <lei>549300D80RYON74MEJ03</lei>
        <title>CMB TECH NV</title>
        <cusip>B38564108</cusip>
        <identifiers>
          <isin value="BE0003816338"/>
          <other otherDesc="Internal" value="BS55715"/>
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        <balance>337121.00000000</balance>
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        <pctVal>0.032214323068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kloeckner &amp; Co SE</name>
        <lei>529900CQ31CN6GV5LL52</lei>
        <title>KLOECKNER CO SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000KC01V24"/>
          <other otherDesc="Internal" value="BS6SHX5"/>
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        <balance>163519.00000000</balance>
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        <valUSD>2283776.88000000</valUSD>
        <pctVal>0.015870068763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>IPH Limited</name>
        <lei>N/A</lei>
        <title>IPH LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000IPH9"/>
          <other otherDesc="Internal" value="BS7K5S1"/>
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        <balance>992114.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.018121297081</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TKMS AG &amp; Co KgaA</name>
        <lei>529900W81B194B0E0078</lei>
        <title>TKMS AG CO KGAA</title>
        <cusip>D8T5DP107</cusip>
        <identifiers>
          <isin value="DE000TKMS001"/>
          <other otherDesc="Internal" value="BS801X7"/>
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        <balance>100307.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.071671176685</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>Rusta AB (publ)</name>
        <lei>549300V512S3QMRNO618</lei>
        <title>RUSTA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0020848356"/>
          <other otherDesc="Internal" value="BS85S97"/>
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        <balance>211429.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cirsa Enterprises, S.A.U.</name>
        <lei>254900PU87HSLE4V5K18</lei>
        <title>CIRSA ENTERPRISES SA</title>
        <cusip>E3R26R118</cusip>
        <identifiers>
          <isin value="ES0105884011"/>
          <other otherDesc="Internal" value="BS87QN3"/>
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        <balance>126639.00000000</balance>
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        <pctVal>0.013282262677</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AQ Group AB</name>
        <lei>549300CN568MD1JD3E40</lei>
        <title>AQ GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0022062196"/>
          <other otherDesc="Internal" value="BSD4GW8"/>
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        <balance>235822.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Centurion Accommodation REIT</name>
        <lei>254900NE2W0T2HDOXF24</lei>
        <title>CENTURION ACCOMMODATION REIT</title>
        <cusip>Y1777V103</cusip>
        <identifiers>
          <isin value="SGXC43938841"/>
          <other otherDesc="Internal" value="BSDZ375"/>
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        <balance>2137000.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
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        <pctVal>0.012850162221</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</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>Polynovo Ltd</name>
        <lei>N/A</lei>
        <title>POLYNOVO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000PNV0"/>
          <other otherDesc="Internal" value="BSJBZM6"/>
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        <balance>2488644.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sveafastigheter AB (publ)</name>
        <lei>636700W1VM86O2G2AA36</lei>
        <title>SVEAFASTIGHETER AB</title>
        <cusip>W8963L106</cusip>
        <identifiers>
          <isin value="SE0022243812"/>
          <other otherDesc="Internal" value="BSJMD36"/>
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        <balance>235626.00000000</balance>
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        <pctVal>0.005977057577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sekisui House Reit, Inc.</name>
        <lei>N/A</lei>
        <title>SEKISUI HOUSE REIT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047820000"/>
          <other otherDesc="Internal" value="BSKRKL7"/>
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        <balance>16236.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ryoyo Ryosan Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>RYOYO RYOSAN HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3975410006"/>
          <other otherDesc="Internal" value="BSLKXP0"/>
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        <balance>127692.00000000</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>
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      <invstOrSec>
        <name>Guzman Y Gomez Ltd</name>
        <lei>5493007NXIWMWSIYD986</lei>
        <title>GUZMAN Y GOMEZ LTD</title>
        <cusip>Q4393Q101</cusip>
        <identifiers>
          <isin value="AU0000336679"/>
          <other otherDesc="Internal" value="BSLTT82"/>
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        <balance>199559.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>RAI WAY S.P.A.</name>
        <lei>815600303CCB3CFD2264</lei>
        <title>RAI WAY SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005054967"/>
          <other otherDesc="Internal" value="BSM8WL2"/>
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        <balance>379245.00000000</balance>
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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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      <invstOrSec>
        <name>VAULT MINERALS LIMITED</name>
        <lei>5299008TF8KHQ8CIQG34</lei>
        <title>VAULT MINERALS LTD</title>
        <cusip>Q80507256</cusip>
        <identifiers>
          <isin value="AU0000355588"/>
          <other otherDesc="Internal" value="BSML1B4"/>
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        <balance>4113747.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brembo N.V.</name>
        <lei>549300BLWVJN2BAT0A44</lei>
        <title>BREMBO NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015001KT6"/>
          <other otherDesc="Internal" value="BSMM753"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>U-NEXT HOLDINGS Co.,Ltd.</name>
        <lei>5299008NVOZT1CQ62M22</lei>
        <title>U NEXT HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
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          <isin value="JP3944640006"/>
          <other otherDesc="Internal" value="BSN5BP9"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>L1 GROUP LIMITED</name>
        <lei>254900P02G6ZRXQO0R61</lei>
        <title>L1 GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000423501"/>
          <other otherDesc="Internal" value="BSPVFM0"/>
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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>Thule Group AB</name>
        <lei>549300XHHOGBOERKU333</lei>
        <title>THULE GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0006422390"/>
          <other otherDesc="Internal" value="BSQXJ01"/>
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        <assetCat>EC</assetCat>
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        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BLUE ZONES HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>BLUE ZONES HOLDINGS CO LTD</title>
        <cusip>J0447S109</cusip>
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          <isin value="JP3831110006"/>
          <other otherDesc="Internal" value="BSRFNL5"/>
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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>Envision Greenwise Holdings Ltd</name>
        <lei>N/A</lei>
        <title>ENVISION GREENWISE HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG3962W1107"/>
          <other otherDesc="Internal" value="BSRJ362"/>
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        <balance>5756000.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Asmodee Group AB</name>
        <lei>636700G5993BBAFDYD02</lei>
        <title>ASMODEE GROUP AB</title>
        <cusip>W1R75P108</cusip>
        <identifiers>
          <isin value="SE0023615638"/>
          <other otherDesc="Internal" value="BSRKCQ8"/>
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        <balance>622239.00000000</balance>
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        <valUSD>8350211.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AGL ENERGY LIMITED</name>
        <lei>549300QAZ8A74DEDXO80</lei>
        <title>AGL ENERGY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000AGL7"/>
          <other otherDesc="Internal" value="BSS7GP5"/>
        </identifiers>
        <balance>2388935.00000000</balance>
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        <valUSD>16552834.67000000</valUSD>
        <pctVal>0.115026396294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>METAWATER Co., Ltd.</name>
        <lei>N/A</lei>
        <title>METAWATER CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3921260000"/>
          <other otherDesc="Internal" value="BSTJDT3"/>
        </identifiers>
        <balance>96100.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2078686.65000000</valUSD>
        <pctVal>0.014444887485</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>HAFNIA LIMITED</name>
        <lei>5493001KCFT0SCGJ2647</lei>
        <title>HAFNIA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXZ53070850"/>
          <other otherDesc="Internal" value="BSY3S84"/>
        </identifiers>
        <balance>1105689.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>9804133.04000000</valUSD>
        <pctVal>0.068129363632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DESHENG HANGYUN CO LTD</name>
        <lei>8368006B8C0EXQ2JDM96</lei>
        <title>TS LINES LTD</title>
        <cusip>Y8997M102</cusip>
        <identifiers>
          <isin value="HK0001078598"/>
          <other otherDesc="Internal" value="BSZ88L1"/>
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        <balance>1310000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>1351394.83000000</valUSD>
        <pctVal>0.009390903755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Hiab Oyj</name>
        <lei>5493002B0GOVF42KWX33</lei>
        <title>HIAB OYJ</title>
        <cusip>X10788184</cusip>
        <identifiers>
          <isin value="FI4000571013"/>
          <other otherDesc="Internal" value="BT195Y7"/>
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        <balance>153421.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>9120166.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Kalmar Oyj</name>
        <lei>636700Z25ZQXLMZ3CY73</lei>
        <title>KALMAR OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000571054"/>
          <other otherDesc="Internal" value="BT19600"/>
        </identifiers>
        <balance>150117.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>8050312.84000000</valUSD>
        <pctVal>0.055941987791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FINCANTIERI S.P.A.</name>
        <lei>8156005BDF49128B6239</lei>
        <title>FINCANTIERI SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005599938"/>
          <other otherDesc="Internal" value="BT19SD7"/>
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        <balance>496596.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.048531541974</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VIRGIN AUSTRALIA HOLDINGS LIMITED</name>
        <lei>254900SNPW6V9967CJ18</lei>
        <title>VIRGIN AUSTRALIA HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000400616"/>
          <other otherDesc="Internal" value="BT1BC31"/>
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        <balance>1061234.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>1657957.27000000</valUSD>
        <pctVal>0.011521220007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1093604.32194900"/>
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      </invstOrSec>
      <invstOrSec>
        <name>BW LPG Limited</name>
        <lei>5493006WBEME88YFDW23</lei>
        <title>BW LPG LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXZ69436764"/>
          <other otherDesc="Internal" value="BT5GCN2"/>
        </identifiers>
        <balance>374862.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>7489390.50000000</valUSD>
        <pctVal>0.052044113097</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NP3 Fastigheter AB</name>
        <lei>549300MGVITW8GYJHZ50</lei>
        <title>NP3 FASTIGHETER AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0006342333"/>
          <other otherDesc="Internal" value="BT6SSF1"/>
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        <balance>128955.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>3640045.00000000</valUSD>
        <pctVal>0.025294837231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CECONOMY AG</name>
        <lei>5299001X9L42HXEBCZ51</lei>
        <title>CECONOMY AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A40ZVV0"/>
          <other otherDesc="Internal" value="BT7MHJ9"/>
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        <balance>581685.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.020779045725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NTT DC REIT</name>
        <lei>2549007AN8RVE3OG2252</lei>
        <title>NTT DC REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXC92727947"/>
          <other otherDesc="Internal" value="BT8PJ79"/>
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        <balance>2722000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2673594.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</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>
      <invstOrSec>
        <name>Lovisa Holdings Ltd</name>
        <lei>N/A</lei>
        <title>LOVISA HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000LOV7"/>
          <other otherDesc="Internal" value="BT9PVP0"/>
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        <balance>264145.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4572987.23000000</valUSD>
        <pctVal>0.031777894955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Keppel DC REIT</name>
        <lei>254900L7YDIFLO15BD60</lei>
        <title>KEPPEL DC REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1AF6000009"/>
          <other otherDesc="Internal" value="BT9Q186"/>
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        <balance>8203207.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>15181953.55000000</valUSD>
        <pctVal>0.105500081428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>DigiCo Infrastructure REIT</name>
        <lei>N/A</lei>
        <title>DIGICO INFRASTRUCTURE REIT</title>
        <cusip>Q318A4108</cusip>
        <identifiers>
          <isin value="AU0000367088"/>
          <other otherDesc="Internal" value="BTCHK67"/>
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        <balance>1610484.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
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        <pctVal>0.019594533439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Asker Healthcare Group AB</name>
        <lei>636700RZEYK9TOWV8F05</lei>
        <title>ASKER HEALTHCARE GROUP AB</title>
        <cusip>W0767R108</cusip>
        <identifiers>
          <isin value="SE0024171458"/>
          <other otherDesc="Internal" value="BTCJ267"/>
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        <balance>833379.00000000</balance>
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        <pctVal>0.047388294786</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KIWI PROPERTY GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>KIWI PROPERTY GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NZKPGE0001S9"/>
          <other otherDesc="Internal" value="BTDY2M7"/>
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        <balance>6216365.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IFAST CORPORATION LTD.</name>
        <lei>254900R8J6BPHWK23Z14</lei>
        <title>IFAST CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1AF5000000"/>
          <other otherDesc="Internal" value="BTDY3B3"/>
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        <balance>671900.00000000</balance>
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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>SHAPIR ENGINEERING AND INDUSTRY LTD</name>
        <lei>N/A</lei>
        <title>SHAPIR ENGINEERING AND INDUSTRY LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IL0011338758"/>
          <other otherDesc="Internal" value="BTF8CZ0"/>
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        <balance>635608.00000000</balance>
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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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Distribuidora Internacional de Alimentacion, S.A.</name>
        <lei>54930063C6K2TNFL6H10</lei>
        <title>DISTRIBUIDORA INTERNACIONAL DE ALIMENTACION SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0126775008"/>
          <other otherDesc="Internal" value="BTG0DY1"/>
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        <balance>59249.00000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Embracer Group AB</name>
        <lei>549300RFXXKT652HB549</lei>
        <title>EMBRACER GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0023615885"/>
          <other otherDesc="Internal" value="BTHW926"/>
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        <balance>527761.00000000</balance>
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        <valUSD>3639937.14000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Bufab AB (publ)</name>
        <lei>5493002TF62S16D67T17</lei>
        <title>BUFAB AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0025010671"/>
          <other otherDesc="Internal" value="BTHZ679"/>
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        <balance>520590.00000000</balance>
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        <valUSD>6687278.87000000</valUSD>
        <pctVal>0.046470203126</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Catapult Sports Ltd</name>
        <lei>N/A</lei>
        <title>CATAPULT SPORTS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CAT9"/>
          <other otherDesc="Internal" value="BTL0Y76"/>
        </identifiers>
        <balance>902042.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2153414.03000000</valUSD>
        <pctVal>0.014964171426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="361291.19565800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Avarda Bank AB</name>
        <lei>529900BGZZZTLLBR1X49</lei>
        <title>AVARDA BANK AB</title>
        <cusip>W9601R117</cusip>
        <identifiers>
          <isin value="SE0025666969"/>
          <other otherDesc="Internal" value="BTMHZL7"/>
        </identifiers>
        <balance>103825.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>1881663.90000000</valUSD>
        <pctVal>0.013075767490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>METLEN ENERGY &amp; METALS PLC</name>
        <lei>213800ZSR3HVKMMPVG86</lei>
        <title>METLEN ENERGY METALS PLC</title>
        <cusip>G6042Y105</cusip>
        <identifiers>
          <isin value="GB00BTQGS779"/>
          <other otherDesc="Internal" value="BTQGS77"/>
        </identifiers>
        <balance>393101.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>16613352.51000000</valUSD>
        <pctVal>0.115446937499</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="16188066.98208600"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tekscend Photomask Corp.</name>
        <lei>353800F4MU4MCZEB9S06</lei>
        <title>TEKSCEND PHOTOMASK CORP</title>
        <cusip>J82885104</cusip>
        <identifiers>
          <isin value="JP3545320008"/>
          <other otherDesc="Internal" value="BTWQNZ4"/>
        </identifiers>
        <balance>175300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>4664260.55000000</valUSD>
        <pctVal>0.032412157382</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>GREATLAND RESOURCES LIMITED</name>
        <lei>213800KQI75ZGE53GX44</lei>
        <title>GREATLAND RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000397705"/>
          <other otherDesc="Internal" value="BTXLW40"/>
        </identifiers>
        <balance>1986672.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>19442074.10000000</valUSD>
        <pctVal>0.135103851683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mycronic AB (publ)</name>
        <lei>549300S5CCFESE4C6Y07</lei>
        <title>MYCRONIC AB</title>
        <cusip>W6191U120</cusip>
        <identifiers>
          <isin value="SE0025158629"/>
          <other otherDesc="Internal" value="BTXSLB1"/>
        </identifiers>
        <balance>619581.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>19550705.84000000</valUSD>
        <pctVal>0.135858738555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atrium Ljungberg AB</name>
        <lei>5493001NNP6HM67OVU09</lei>
        <title>ATRIUM LJUNGBERG AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0024320832"/>
          <other otherDesc="Internal" value="BTXYPL7"/>
        </identifiers>
        <balance>1022216.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>3282738.56000000</valUSD>
        <pctVal>0.022811898630</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>dormakaba Holding AG</name>
        <lei>529900QMU5ZH99KMQK13</lei>
        <title>DORMAKABA HOLDING CHF1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1486524122"/>
          <other otherDesc="Internal" value="BV5CBN7"/>
        </identifiers>
        <balance>116926.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>7785576.72000000</valUSD>
        <pctVal>0.054102324527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Schaeffler AG</name>
        <lei>549300Q7E782X7GC1P43</lei>
        <title>SCHAEFFLER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000SHA0100"/>
          <other otherDesc="Internal" value="BV5F6V9"/>
        </identifiers>
        <balance>751444.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>7144495.56000000</valUSD>
        <pctVal>0.049647422570</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="821083.98837600"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hacksaw AB</name>
        <lei>636700SMLZDCBPNPMJ36</lei>
        <title>HACKSAW AB</title>
        <cusip>W42390109</cusip>
        <identifiers>
          <isin value="SE0025138357"/>
          <other otherDesc="Internal" value="BV5F910"/>
        </identifiers>
        <balance>222698.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>2045413.38000000</valUSD>
        <pctVal>0.014213670028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KENON HOLDINGS LTD.</name>
        <lei>254900N5LVBX92GMVN72</lei>
        <title>KENON HOLDINGS LTD SINGAPORE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG9999012629"/>
          <other otherDesc="Internal" value="BV8WW64"/>
        </identifiers>
        <balance>82633.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="2.94775000"/>
        <valUSD>7645887.66000000</valUSD>
        <pctVal>0.053131618936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="577283.81047200"/>
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      </invstOrSec>
      <invstOrSec>
        <name>SHAWBROOK GROUP PLC</name>
        <lei>21380071539WSMTM4410</lei>
        <title>SHAWBROOK GROUP PLC</title>
        <cusip>G8072S123</cusip>
        <identifiers>
          <isin value="GB00BV9DPV21"/>
          <other otherDesc="Internal" value="BV9DPV2"/>
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        <balance>509694.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2246742.26000000</valUSD>
        <pctVal>0.015612713515</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPUTACENTER PLC</name>
        <lei>549300XSXUZ1I19DB105</lei>
        <title>COMPUTACENTER PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BV9FP302"/>
          <other otherDesc="Internal" value="BV9FP30"/>
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        <balance>251339.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>12725367.42000000</valUSD>
        <pctVal>0.088429153375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DYNO NOBEL LIMITED</name>
        <lei>254900UW2F3BKV6Z9V18</lei>
        <title>DYNO NOBEL LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000390544"/>
          <other otherDesc="Internal" value="BVBH523"/>
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        <balance>6992521.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>16603741.15000000</valUSD>
        <pctVal>0.115380147724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELEVRA LITHIUM LIMITED</name>
        <lei>N/A</lei>
        <title>ELEVRA LITHIUM LTD</title>
        <cusip>Q8329N306</cusip>
        <identifiers>
          <isin value="AU0000421851"/>
          <other otherDesc="Internal" value="BVBM1M0"/>
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        <balance>598229.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>5952275.85000000</valUSD>
        <pctVal>0.041362633918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4636222.00706700"/>
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      <invstOrSec>
        <name>Siegfried Holding AG</name>
        <lei>506700J9QD6IF3937W06</lei>
        <title>SIEGFRIED HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1429326825"/>
          <other otherDesc="Internal" value="BVBM904"/>
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        <balance>152063.00000000</balance>
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        <valUSD>15336720.41000000</valUSD>
        <pctVal>0.106575563334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="7275469.13776300"/>
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      <invstOrSec>
        <name>Havas N.V.</name>
        <lei>894500L53AVOFQK7T710</lei>
        <title>HAVAS NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015002K83"/>
          <other otherDesc="Internal" value="BVD9FN8"/>
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        <balance>258725.00000000</balance>
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        <valUSD>4924581.83000000</valUSD>
        <pctVal>0.034221141723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Coffee Stain Group AB</name>
        <lei>636700R8GB3NJ2J6DG90</lei>
        <title>COFFEE STAIN GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0026599557"/>
          <other otherDesc="Internal" value="BVD9HL0"/>
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        <balance>509095.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>1202569.47000000</valUSD>
        <pctVal>0.008356709602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ESR-REIT</name>
        <lei>N/A</lei>
        <title>ESR REIT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXC55341835"/>
          <other otherDesc="Internal" value="BVDJZ16"/>
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        <balance>2433387.00000000</balance>
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        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>4632638.69000000</valUSD>
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        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</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>
      <invstOrSec>
        <name>Jiaxin International Resources Investment Ltd</name>
        <lei>98450000BMG7870N0359</lei>
        <title>JIAXIN INTERNATIONAL RESOURCES INVESTMENT LTD</title>
        <cusip>Y4S4TM107</cusip>
        <identifiers>
          <isin value="HK0001188587"/>
          <other otherDesc="Internal" value="BVF8CT8"/>
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        <balance>359600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>3807137.41000000</valUSD>
        <pctVal>0.026455969941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2113194.17974400"/>
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      </invstOrSec>
      <invstOrSec>
        <name>KeePer Technical Laboratory Co Ltd</name>
        <lei>N/A</lei>
        <title>KEEPER TECHNICAL LABORATORY CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3236320002"/>
          <other otherDesc="Internal" value="BVFNJ69"/>
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        <balance>50400.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>954800.63000000</valUSD>
        <pctVal>0.006634952733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="280377.96277700"/>
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      </invstOrSec>
      <invstOrSec>
        <name>ROTORK P.L.C.</name>
        <lei>213800AH5RZIHGWRJ718</lei>
        <title>ROTORK PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BVFNZH21"/>
          <other otherDesc="Internal" value="BVFNZH2"/>
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        <balance>3266575.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>13726132.25000000</valUSD>
        <pctVal>0.095383513413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hoist Finance AB (publ)</name>
        <lei>549300NPK3FB2BEL4D08</lei>
        <title>HOIST FINANCE AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0006887063"/>
          <other otherDesc="Internal" value="BVFZND0"/>
        </identifiers>
        <balance>192016.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>2955292.15000000</valUSD>
        <pctVal>0.020536458726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ZEGONA COMMUNICATIONS PLC</name>
        <lei>213800ASI1VZL2ED4S65</lei>
        <title>ZEGONA COMMUNICATIONS PLC</title>
        <cusip>G7605F103</cusip>
        <identifiers>
          <isin value="GB00BVGBY890"/>
          <other otherDesc="Internal" value="BVGBY89"/>
        </identifiers>
        <balance>738608.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>17632646.96000000</valUSD>
        <pctVal>0.122530060703</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Axfood AB</name>
        <lei>549300QIXCZWZLHE8L05</lei>
        <title>AXFOOD AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0006993770"/>
          <other otherDesc="Internal" value="BVGH0K1"/>
        </identifiers>
        <balance>424292.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>12954744.23000000</valUSD>
        <pctVal>0.090023103196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STONEWEG EUROPE STAPLED TRUST</name>
        <lei>21380093RFHTC319NL93</lei>
        <title>STONEWEG EUROPE STAPLED TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXC11267561"/>
          <other otherDesc="Internal" value="BVMDVL1"/>
        </identifiers>
        <balance>1217160.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2220028.51000000</valUSD>
        <pctVal>0.015427078459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kongsberg Maritime ASA</name>
        <lei>6367007UE6J5YSBTWN87</lei>
        <title>KONGSBERG MARITIME AS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0013697029"/>
          <other otherDesc="Internal" value="BVMZHV9"/>
        </identifiers>
        <balance>1742917.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>11422919.28000000</valUSD>
        <pctVal>0.079378382381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ELIS SA</name>
        <lei>969500UX71LCE8MAY492</lei>
        <title>ELIS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0012435121"/>
          <other otherDesc="Internal" value="BVSS790"/>
        </identifiers>
        <balance>639453.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>19759227.96000000</valUSD>
        <pctVal>0.137307768192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yangzijiang Maritime Development Pte Ltd</name>
        <lei>N/A</lei>
        <title>YANGZIJIANG MARITIME DEVELOPMENT PTE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SGXE35825913"/>
          <other otherDesc="Internal" value="BVSYC71"/>
        </identifiers>
        <balance>7553700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>4016337.25000000</valUSD>
        <pctVal>0.027909709084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="796599.87396100"/>
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      </invstOrSec>
      <invstOrSec>
        <name>B&amp;M EUROPEAN VALUE RETAIL PLC</name>
        <lei>213800UK7ZRLY2K1X530</lei>
        <title>B M EUROPEAN VALUE RETAIL PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BVSYJW51"/>
          <other otherDesc="Internal" value="BVSYJW5"/>
        </identifiers>
        <balance>3956414.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>9040450.16000000</valUSD>
        <pctVal>0.062822496781</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="6855033.49245000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GMO Financial Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>GMO FINANCIAL HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3386550002"/>
          <other otherDesc="Internal" value="BVVQ8T8"/>
        </identifiers>
        <balance>139200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>915664.28000000</valUSD>
        <pctVal>0.006362992468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="101301.93902200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MACNICA HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>MACNICA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3862960006"/>
          <other otherDesc="Internal" value="BVVQ8X2"/>
        </identifiers>
        <balance>564150.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>9529651.12000000</valUSD>
        <pctVal>0.066221976363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Super Markets Holdings Inc.</name>
        <lei>N/A</lei>
        <title>UNITED SUPER MARKETS HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3949450005"/>
          <other otherDesc="Internal" value="BVZ6XS8"/>
        </identifiers>
        <balance>314100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1641172.75000000</valUSD>
        <pctVal>0.011404583619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HISCOX LTD</name>
        <lei>5493007JXOLJ0QCY2D70</lei>
        <title>HISCOX LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG4593F1389"/>
          <other otherDesc="Internal" value="BVZHXQ9"/>
        </identifiers>
        <balance>1285699.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>27053994.49000000</valUSD>
        <pctVal>0.187999430525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OVS SPA</name>
        <lei>8156001A772766DCAA71</lei>
        <title>OVS SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005043507"/>
          <other otherDesc="Internal" value="BW0D7R8"/>
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        <balance>615333.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3661950.25000000</valUSD>
        <pctVal>0.025447057803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HKBN LTD.</name>
        <lei>N/A</lei>
        <title>HKBN LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG451581055"/>
          <other otherDesc="Internal" value="BW0DD81"/>
        </identifiers>
        <balance>1453000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>1335665.50000000</valUSD>
        <pctVal>0.009281599930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Muninova Holdings Inc.</name>
        <lei>N/A</lei>
        <title>MUNINOVA HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3914100007"/>
          <other otherDesc="Internal" value="BW1LX39"/>
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        <balance>1264900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3724809.62000000</valUSD>
        <pctVal>0.025883870407</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>ARCHION Corporation</name>
        <lei>N/A</lei>
        <title>ARCHION CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3100020001"/>
          <other otherDesc="Internal" value="BW1LX40"/>
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        <balance>4607200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>8916876.50000000</valUSD>
        <pctVal>0.061963777832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RS Technologies Co., Ltd.</name>
        <lei>N/A</lei>
        <title>RS TECHNOLOGIES CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3100350002"/>
          <other otherDesc="Internal" value="BW4F6F1"/>
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        <balance>59300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2295428.39000000</valUSD>
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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>AALBERTS NVV DRIP</name>
        <lei>N/A</lei>
        <title>AALBERTS NVV DRIP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015073ZE5"/>
          <other otherDesc="Internal" value="BW5S488"/>
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        <balance>383267.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>517294.37000000</valUSD>
        <pctVal>0.003594701958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="RIGHTS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COWELL E HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>COWELL E HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG248141163"/>
          <other otherDesc="Internal" value="BWCH5K7"/>
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        <balance>1039000.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
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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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SanBio Company Limited</name>
        <lei>N/A</lei>
        <title>SANBIO CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3336750009"/>
          <other otherDesc="Internal" value="BWDNFN7"/>
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        <balance>217600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2641269.33000000</valUSD>
        <pctVal>0.018354299957</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>ARB Corporation Ltd</name>
        <lei>98450097B6B8GE0BAE73</lei>
        <title>ARB CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ARB5"/>
          <other otherDesc="Internal" value="BWV03W5"/>
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        <balance>307485.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4157996.80000000</valUSD>
        <pctVal>0.028894107700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VEND MARKETPLACES ASA</name>
        <lei>5967007LIEEXZXHT0O36</lei>
        <title>VEND MARKETPLACES ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010736879"/>
          <other otherDesc="Internal" value="BWVFKQ3"/>
        </identifiers>
        <balance>672096.00000000</balance>
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        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>18484145.28000000</valUSD>
        <pctVal>0.128447161016</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>mobilezone holding ag</name>
        <lei>506700P3R89PJL1LM545</lei>
        <title>MOBILEZONE HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0276837694"/>
          <other otherDesc="Internal" value="BWWYWC9"/>
        </identifiers>
        <balance>157920.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>2939841.83000000</valUSD>
        <pctVal>0.020429093754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zehnder Group AG</name>
        <lei>8945000LUWFSSFRPU761</lei>
        <title>ZEHNDER GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0276534614"/>
          <other otherDesc="Internal" value="BWX5Y69"/>
        </identifiers>
        <balance>34373.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>2903291.15000000</valUSD>
        <pctVal>0.020175101427</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ROYAL UNIBREW A/S</name>
        <lei>529900D69KFL8IAP8Q63</lei>
        <title>ROYAL UNIBREW A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060634707"/>
          <other otherDesc="Internal" value="BX8ZX20"/>
        </identifiers>
        <balance>198182.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>13254065.20000000</valUSD>
        <pctVal>0.092103098145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEXPOL AB</name>
        <lei>549300MN30TBRLYN3465</lei>
        <title>HEXPOL AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0007074281"/>
          <other otherDesc="Internal" value="BXBZB01"/>
        </identifiers>
        <balance>1050766.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>8552713.43000000</valUSD>
        <pctVal>0.059433192199</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOLTEN VENTURES PLC</name>
        <lei>213800IPCR3SAYJWSW10</lei>
        <title>MOLTEN VENTURES PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BY7QYJ50"/>
          <other otherDesc="Internal" value="BY7QYJ5"/>
        </identifiers>
        <balance>624105.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>4767717.22000000</valUSD>
        <pctVal>0.033131082458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREENCORE GROUP CVR</name>
        <lei>N/A</lei>
        <title>GREENCORE GROUP CVR</title>
        <cusip>G40CVR124</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="G40CVR124"/>
        </identifiers>
        <balance>723742.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>19696.63000000</valUSD>
        <pctVal>0.000136872772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="Contingent value rights" issuerCat="OTHER"/>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Menicon Co., Ltd.</name>
        <lei>3538000OOSRECSEX2327</lei>
        <title>MENICON CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3921270009"/>
          <other otherDesc="Internal" value="BYL7K85"/>
        </identifiers>
        <balance>245600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2536990.25000000</valUSD>
        <pctVal>0.017629659916</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>Deutsche Pfandbriefbank AG</name>
        <lei>DZZ47B9A52ZJ6LT6VV95</lei>
        <title>DEUTSCHE PFANDBRIEFBANK AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0008019001"/>
          <other otherDesc="Internal" value="BYM6917"/>
        </identifiers>
        <balance>531510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2027403.09000000</valUSD>
        <pctVal>0.014088515709</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="2007125.62611800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Per Aarsleff Holding A/S</name>
        <lei>5493008HS8STXVZXYZ63</lei>
        <title>PER AARSLEFF HOLDING A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060700516"/>
          <other otherDesc="Internal" value="BYMM001"/>
        </identifiers>
        <balance>68405.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>7966713.42000000</valUSD>
        <pctVal>0.055361051643</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOMINO'S PIZZA GROUP PLC</name>
        <lei>213800Q6ZKHAOV48JL75</lei>
        <title>DOMINO S PIZZA GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYN59130"/>
          <other otherDesc="Internal" value="BYN5913"/>
        </identifiers>
        <balance>1419990.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3746634.68000000</valUSD>
        <pctVal>0.026035533735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BayCurrent, Inc.</name>
        <lei>N/A</lei>
        <title>BAYCURRENT INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3835250006"/>
          <other otherDesc="Internal" value="BYP20B9"/>
        </identifiers>
        <balance>552900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>17805612.16000000</valUSD>
        <pctVal>0.123732003696</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>Dexerials Corporation</name>
        <lei>N/A</lei>
        <title>DEXERIALS CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3548770001"/>
          <other otherDesc="Internal" value="BYP97J7"/>
        </identifiers>
        <balance>662800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10344202.57000000</valUSD>
        <pctVal>0.071882331206</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>Superloop Ltd</name>
        <lei>N/A</lei>
        <title>SUPERLOOP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SLC8"/>
          <other otherDesc="Internal" value="BYPC6V1"/>
        </identifiers>
        <balance>1914802.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>4676370.52000000</valUSD>
        <pctVal>0.032496310110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITOHAM YONEKYU HOLDINGS INC.</name>
        <lei>N/A</lei>
        <title>ITOHAM YONEKYU HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3144500000"/>
          <other otherDesc="Internal" value="BYPKSR5"/>
        </identifiers>
        <balance>112040.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3735740.16000000</valUSD>
        <pctVal>0.025959827223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BEAZLEY PLC</name>
        <lei>213800VTOMUWD41GIT12</lei>
        <title>BEAZLEY PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYQ0JC66"/>
          <other otherDesc="Internal" value="BYQ0JC6"/>
        </identifiers>
        <balance>2369559.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>41157776.45000000</valUSD>
        <pctVal>0.286007248843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Flughafen Zuerich AG</name>
        <lei>529900PFO97GCN5SYB55</lei>
        <title>FLUGHAFEN ZURICH AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0319416936"/>
          <other otherDesc="Internal" value="BYQ8481"/>
        </identifiers>
        <balance>79311.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>22520856.99000000</valUSD>
        <pctVal>0.156498453144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CLEANAWAY WASTE MANAGEMENT LIMITED</name>
        <lei>549300D5C72CV6CIBS66</lei>
        <title>CLEANAWAY WASTE MANAGEMENT LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000CWY3"/>
          <other otherDesc="Internal" value="BYQ8KW7"/>
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        <balance>8778583.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>14083359.39000000</valUSD>
        <pctVal>0.097865900955</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Galenica AG</name>
        <lei>506700W4772BD8016Z20</lei>
        <title>GALENICA AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0360674466"/>
          <other otherDesc="Internal" value="BYQCQ32"/>
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        <balance>197686.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>21062724.13000000</valUSD>
        <pctVal>0.146365821994</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIVA ENERGY GROUP LIMITED</name>
        <lei>N/A</lei>
        <title>VIVA ENERGY GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000016875"/>
          <other otherDesc="Internal" value="BYQM3N1"/>
        </identifiers>
        <balance>4467107.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>7911592.44000000</valUSD>
        <pctVal>0.054978013461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Medicover AB</name>
        <lei>5493000E9BUOYMOW2K53</lei>
        <title>MEDICOVER AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0009778848"/>
          <other otherDesc="Internal" value="BYQMFK2"/>
        </identifiers>
        <balance>265053.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>5956892.31000000</valUSD>
        <pctVal>0.041394713908</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LU-VE - S.P.A.</name>
        <lei>815600E90F75EE920594</lei>
        <title>LU VE SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005107492"/>
          <other otherDesc="Internal" value="BYQR392"/>
        </identifiers>
        <balance>32607.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2108632.66000000</valUSD>
        <pctVal>0.014652983662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GRENKE AG</name>
        <lei>529900BHRYZ464GFD289</lei>
        <title>GRENKE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A161N30"/>
          <other otherDesc="Internal" value="BYR4KP7"/>
        </identifiers>
        <balance>93453.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1397322.60000000</valUSD>
        <pctVal>0.009710057905</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>
      <invstOrSec>
        <name>PRIMARY HEALTH PROPERTIES PLC</name>
        <lei>213800Y5CJHXOATK7X11</lei>
        <title>PRIMARY HEALTH PROPERTIES PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYRJ5J14"/>
          <other otherDesc="Internal" value="BYRJ5J1"/>
        </identifiers>
        <balance>10306681.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>13112693.84000000</valUSD>
        <pctVal>0.091120702175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samty Residential Investment Corporation</name>
        <lei>N/A</lei>
        <title>SAMTY RESIDENTIAL INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3047960004"/>
          <other otherDesc="Internal" value="BYRVCJ6"/>
        </identifiers>
        <balance>1342.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>892697.63000000</valUSD>
        <pctVal>0.006203396179</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>COSMO ENERGY HOLDINGS COMPANY, LIMITED</name>
        <lei>353800Y4GZ7KR5X7L150</lei>
        <title>COSMO ENERGY HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3298000005"/>
          <other otherDesc="Internal" value="BYSJJ43"/>
        </identifiers>
        <balance>392600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10036505.10000000</valUSD>
        <pctVal>0.069744127580</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>Nomura Real Estate Master Fund, Inc.</name>
        <lei>N/A</lei>
        <title>NOMURA REAL ESTATE MASTER FUND INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048110005"/>
          <other otherDesc="Internal" value="BYSJJF4"/>
        </identifiers>
        <balance>15493.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>15972471.02000000</valUSD>
        <pctVal>0.110993423058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DFDS A/S</name>
        <lei>549300JZVW1Y1UZ5UK38</lei>
        <title>DFDS A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060655629"/>
          <other otherDesc="Internal" value="BYSS4Q7"/>
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        <balance>119117.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>2558522.03000000</valUSD>
        <pctVal>0.017779285229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dometic Group AB (publ)</name>
        <lei>549300STIPMK5VSA7Y59</lei>
        <title>DOMETIC GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0007691613"/>
          <other otherDesc="Internal" value="BYSXJB2"/>
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        <balance>1265542.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>4276614.27000000</valUSD>
        <pctVal>0.029718385861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Scandic Hotels Group AB</name>
        <lei>529900JY9ZBGUXGRKQ86</lei>
        <title>SCANDIC HOTELS GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0007640156"/>
          <other otherDesc="Internal" value="BYSXJH8"/>
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        <balance>597835.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>5830343.69000000</valUSD>
        <pctVal>0.040515321827</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TBC BANK GROUP PLC</name>
        <lei>213800T6NS9N2WQ3B328</lei>
        <title>TBC BANK GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYT18307"/>
          <other otherDesc="Internal" value="BYT1830"/>
        </identifiers>
        <balance>165366.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>10913554.29000000</valUSD>
        <pctVal>0.075838782043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICG PLC</name>
        <lei>549300OGASR5WRKJ8R68</lei>
        <title>ICG PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYT1DJ19"/>
          <other otherDesc="Internal" value="BYT1DJ1"/>
        </identifiers>
        <balance>1149446.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>28339255.08000000</valUSD>
        <pctVal>0.196930764458</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DroneShield Ltd</name>
        <lei>N/A</lei>
        <title>DRONESHIELD LTD</title>
        <cusip>Q3278G105</cusip>
        <identifiers>
          <isin value="AU000000DRO2"/>
          <other otherDesc="Internal" value="BYV1JW4"/>
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        <balance>3419844.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>8914844.27000000</valUSD>
        <pctVal>0.061949655774</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="8825694.36749200"/>
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      </invstOrSec>
      <invstOrSec>
        <name>WESTGOLD RESOURCES LIMITED</name>
        <lei>2549003AMX9BL7CKBQ74</lei>
        <title>WESTGOLD RESOURCES LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000WGX6"/>
          <other otherDesc="Internal" value="BYVQ673"/>
        </identifiers>
        <balance>3744249.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>14869128.39000000</valUSD>
        <pctVal>0.103326245252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>flatexDEGIRO SE</name>
        <lei>529900IRBZTADXJB6757</lei>
        <title>FLATEXDEGIRO SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000FTG1111"/>
          <other otherDesc="Internal" value="BYVQYG8"/>
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        <balance>325364.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>11641429.83000000</valUSD>
        <pctVal>0.080896822070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INTERNATIONAL WORKPLACE GROUP PLC</name>
        <lei>2138003LWDII27UTAG52</lei>
        <title>INTERNATIONAL WORKPLACE GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BYVQYS01"/>
          <other otherDesc="Internal" value="BYVQYS0"/>
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        <balance>2958015.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>7438418.21000000</valUSD>
        <pctVal>0.051689904350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Corem Property Group AB</name>
        <lei>213800CHXQQD7TSS1T59</lei>
        <title>COREM PROPERTY GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0010714287"/>
          <other otherDesc="Internal" value="BYVWKN5"/>
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        <balance>2745393.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>953077.73000000</valUSD>
        <pctVal>0.006622980223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HelloFresh SE</name>
        <lei>391200ZAF4V6XD2M9G57</lei>
        <title>HELLOFRESH SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A161408"/>
          <other otherDesc="Internal" value="BYWH8S0"/>
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        <balance>530387.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>2880332.76000000</valUSD>
        <pctVal>0.020015562537</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="1775178.90443500"/>
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      <invstOrSec>
        <name>Camurus AB</name>
        <lei>5493003S6Z6VI7WYFQ06</lei>
        <title>CAMURUS AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0007692850"/>
          <other otherDesc="Internal" value="BYWKGQ3"/>
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        <balance>153463.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>8890548.38000000</valUSD>
        <pctVal>0.061780822536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cibus Nordic Real Estate AB (publ)</name>
        <lei>549300PW36MFK96GCR23</lei>
        <title>CIBUS REAL ESTATE AB PUBL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0010832204"/>
          <other otherDesc="Internal" value="BYWR8Y6"/>
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        <balance>280708.00000000</balance>
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        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
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        <pctVal>0.031036350390</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AVIO S.P.A.</name>
        <lei>8156008F25C4B0E7C860</lei>
        <title>AVIO SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005119810"/>
          <other otherDesc="Internal" value="BYWZZF0"/>
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        <balance>146868.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.037779177044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SIGMAROC PLC</name>
        <lei>213800Q3CJUERBGD1E44</lei>
        <title>SIGMAROC PLC</title>
        <cusip>G81267109</cusip>
        <identifiers>
          <isin value="GB00BYX5K988"/>
          <other otherDesc="Internal" value="BYX5K98"/>
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        <balance>3881622.00000000</balance>
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        <valUSD>6510831.04000000</valUSD>
        <pctVal>0.045244059180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KUSURI NO AOKI HOLDINGS CO., LTD.</name>
        <lei>N/A</lei>
        <title>KUSURI NO AOKI HOLDINGS CO LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3266190002"/>
          <other otherDesc="Internal" value="BYX8TV2"/>
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        <balance>150200.00000000</balance>
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        <valUSD>3581959.23000000</valUSD>
        <pctVal>0.024891196590</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>Construcciones y Auxiliar de Ferrocarriles, S.A.</name>
        <lei>95980020140005275134</lei>
        <title>CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0121975009"/>
          <other otherDesc="Internal" value="BYX98X0"/>
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        <balance>73513.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5534447.50000000</valUSD>
        <pctVal>0.038459125829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>THE FIRST BANK OF TOYAMA,LTD.</name>
        <lei>98450054D3B87A37C666</lei>
        <title>FIRST BANK OF TOYAMA LTD THE</title>
        <cusip>J13485107</cusip>
        <identifiers>
          <isin value="JP3632150003"/>
          <other otherDesc="Internal" value="BYXBL82"/>
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        <balance>201600.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3322579.12000000</valUSD>
        <pctVal>0.023088752482</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>IBSTOCK PLC</name>
        <lei>2138003QHTNX34CN9V93</lei>
        <title>IBSTOCK PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYXJC278"/>
          <other otherDesc="Internal" value="BYXJC27"/>
        </identifiers>
        <balance>1535412.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2141544.23000000</valUSD>
        <pctVal>0.014881687650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ambea AB ( publ )</name>
        <lei>549300AEVNZRHYI5HV24</lei>
        <title>AMBEA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0009663826"/>
          <other otherDesc="Internal" value="BYXPJQ8"/>
        </identifiers>
        <balance>303737.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>4608979.31000000</valUSD>
        <pctVal>0.032028005546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Storytel AB (publ)</name>
        <lei>549300I1FSPPI9HHU419</lei>
        <title>STORYTEL AB</title>
        <cusip>W91104112</cusip>
        <identifiers>
          <isin value="SE0007439443"/>
          <other otherDesc="Internal" value="BYXX821"/>
        </identifiers>
        <balance>223576.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>2340383.52000000</valUSD>
        <pctVal>0.016263430863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siltronic AG</name>
        <lei>5299003NKV26NNGHHR90</lei>
        <title>SILTRONIC AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000WAF3001"/>
          <other otherDesc="Internal" value="BYY5978"/>
        </identifiers>
        <balance>52839.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>4950728.71000000</valUSD>
        <pctVal>0.034402837573</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="4901164.26919600"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Signify N.V.</name>
        <lei>549300072P3J1X8NZO35</lei>
        <title>SIGNIFY NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0011821392"/>
          <other otherDesc="Internal" value="BYY7VY5"/>
        </identifiers>
        <balance>477982.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>10871212.92000000</valUSD>
        <pctVal>0.075544549949</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FRASERS LOGISTICS &amp; COMMERCIAL TRUST</name>
        <lei>25490039A7FZFHHURL81</lei>
        <title>FRASERS LOGISTICS COMMERCIAL TRUST</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1CI9000006"/>
          <other otherDesc="Internal" value="BYYFHZ2"/>
        </identifiers>
        <balance>11127036.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>8409110.24000000</valUSD>
        <pctVal>0.058435287141</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Redcare Pharmacy N.V.</name>
        <lei>529900JK6UXHY1YKZ082</lei>
        <title>REDCARE PHARMACY NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0012044747"/>
          <other otherDesc="Internal" value="BYYH7G9"/>
        </identifiers>
        <balance>64397.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>3646097.87000000</valUSD>
        <pctVal>0.025336898898</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3596103.23640600"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Star Asia Investment Corporation</name>
        <lei>N/A</lei>
        <title>STAR ASIA INVESTMENT CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048200004"/>
          <other otherDesc="Internal" value="BYYJ8J5"/>
        </identifiers>
        <balance>10530.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>3788515.28000000</valUSD>
        <pctVal>0.026326563917</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>COSMO Pharmaceuticals N.V.</name>
        <lei>724500OX0EBQRYTVV639</lei>
        <title>COSMO PHARMACEUTICALS NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0011832936"/>
          <other otherDesc="Internal" value="BYYLS68"/>
        </identifiers>
        <balance>31789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>3343609.37000000</valUSD>
        <pctVal>0.023234892640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BW OFFSHORE LIMITED</name>
        <lei>2138008LFKH8V2EOA915</lei>
        <title>BW OFFSHORE LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG1738J1247"/>
          <other otherDesc="Internal" value="BYYNFR4"/>
        </identifiers>
        <balance>361231.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>2050875.97000000</valUSD>
        <pctVal>0.014251629813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cerillion PLC</name>
        <lei>213800ISIZMUC3P46850</lei>
        <title>CERILLION PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYYX6C66"/>
          <other otherDesc="Internal" value="BYYX6C6"/>
        </identifiers>
        <balance>87622.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1633473.08000000</valUSD>
        <pctVal>0.011351078264</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BELLSYSTEM24 HOLDINGS, INC.</name>
        <lei>353800JZJDPUWIH3M649</lei>
        <title>BELL SYSTEM24 HOLDINGS INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3835760004"/>
          <other otherDesc="Internal" value="BYYZH63"/>
        </identifiers>
        <balance>117800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1124769.26000000</valUSD>
        <pctVal>0.007816072426</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>RHI Magnesita N.V.</name>
        <lei>724500UWG6A61XNA3Y36</lei>
        <title>RHI MAGNESITA NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0012650360"/>
          <other otherDesc="Internal" value="BYZ2JR8"/>
        </identifiers>
        <balance>77450.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>2794170.98000000</valUSD>
        <pctVal>0.019416820433</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kyushu Financial Group, Inc.</name>
        <lei>N/A</lei>
        <title>KYUSHU FINANCIAL GROUP INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3246500007"/>
          <other otherDesc="Internal" value="BYZ5XN1"/>
        </identifiers>
        <balance>1270000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>10371514.61000000</valUSD>
        <pctVal>0.072072123807</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>Softcat PLC</name>
        <lei>213800N42YZLR9GLVC42</lei>
        <title>SOFTCAT PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYZDVK82"/>
          <other otherDesc="Internal" value="BYZDVK8"/>
        </identifiers>
        <balance>504873.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>9479578.96000000</valUSD>
        <pctVal>0.065874022660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPIE SA</name>
        <lei>969500TJNS5GSFWJ8X85</lei>
        <title>SPIE SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0012757854"/>
          <other otherDesc="Internal" value="BYZFYS3"/>
        </identifiers>
        <balance>569403.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>33038238.52000000</valUSD>
        <pctVal>0.229584212772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCANDINAVIAN TOBACCO GROUP A/S</name>
        <lei>5299003KG4JS99TRML67</lei>
        <title>SCANDINAVIAN TOBACCO GROUP A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0060696300"/>
          <other otherDesc="Internal" value="BYZGMM6"/>
        </identifiers>
        <balance>193378.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>2047019.03000000</valUSD>
        <pctVal>0.014224827762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUTURE PLC</name>
        <lei>213800K2581YRLEXV353</lei>
        <title>FUTURE PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BYZN9041"/>
          <other otherDesc="Internal" value="BYZN904"/>
        </identifiers>
        <balance>372161.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1690423.21000000</valUSD>
        <pctVal>0.011746827291</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qt Group Oyj</name>
        <lei>743700GO2XU2ZYYDKW67</lei>
        <title>QT GROUP OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000198031"/>
          <other otherDesc="Internal" value="BYZQHX2"/>
        </identifiers>
        <balance>74553.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1685350.74000000</valUSD>
        <pctVal>0.011711578468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1668486.60774400"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Atalaya Mining Copper, S.A.</name>
        <lei>549300QNQPXVRXGXOX56</lei>
        <title>ATALAYA MINING COPPER SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CY0106002112"/>
          <other otherDesc="Internal" value="BYZTVM8"/>
        </identifiers>
        <balance>386551.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3907767.34000000</valUSD>
        <pctVal>0.027155251872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui Fudosan Logistics Park Inc.</name>
        <lei>353800DN63EIYS760S59</lei>
        <title>MITSUI FUDOSAN LOGISTICS PARK INC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048300002"/>
          <other otherDesc="Internal" value="BYZWTW3"/>
        </identifiers>
        <balance>12775.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>9168388.73000000</valUSD>
        <pctVal>0.063711547687</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>Atlas Arteria Group</name>
        <lei>N/A</lei>
        <title>ATLAS ARTERIA LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000013559"/>
          <other otherDesc="Internal" value="BZ03TZ1"/>
        </identifiers>
        <balance>3973455.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>13768824.21000000</valUSD>
        <pctVal>0.095680181772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="UNITS"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Munters Group AB</name>
        <lei>549300KYCB37YAVUV523</lei>
        <title>MUNTERS GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0009806607"/>
          <other otherDesc="Internal" value="BZ04921"/>
        </identifiers>
        <balance>512825.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>11305657.44000000</valUSD>
        <pctVal>0.078563524555</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Equasens SA</name>
        <lei>96950066I7XVFGZI8L92</lei>
        <title>PHARMAGEST INTERACTIVE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0012882389"/>
          <other otherDesc="Internal" value="BZ04NV8"/>
        </identifiers>
        <balance>20755.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>915756.28000000</valUSD>
        <pctVal>0.006363631781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="296721.80115600"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ITALMOBILIARE SOCIETA PER AZIONI</name>
        <lei>815600E546497667D288</lei>
        <title>ITALMOBILIARE SPA</title>
        <cusip>T62283188</cusip>
        <identifiers>
          <isin value="IT0005253205"/>
          <other otherDesc="Internal" value="BZ05RT7"/>
        </identifiers>
        <balance>57191.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1953256.00000000</valUSD>
        <pctVal>0.013573264229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EUROPRIS ASA</name>
        <lei>5967007LIEEXZXGA8G28</lei>
        <title>EUROPRIS ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010735343"/>
          <other otherDesc="Internal" value="BZ07696"/>
        </identifiers>
        <balance>620454.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>6335331.79000000</valUSD>
        <pctVal>0.044024506959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pandox Aktiebolag</name>
        <lei>549300K4HA8EBLSL3B97</lei>
        <title>PANDOX AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0007100359"/>
          <other otherDesc="Internal" value="BZ0CT92"/>
        </identifiers>
        <balance>422287.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>7748007.67000000</valUSD>
        <pctVal>0.053841255501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kainos Group PLC</name>
        <lei>213800H2PQMIF3OVZY47</lei>
        <title>KAINOS GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BZ0D6727"/>
          <other otherDesc="Internal" value="BZ0D672"/>
        </identifiers>
        <balance>329769.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>3731215.52000000</valUSD>
        <pctVal>0.025928385295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alimak Group AB (publ)</name>
        <lei>549300LC2ER06GDV6565</lei>
        <title>ALIMAK GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0007158910"/>
          <other otherDesc="Internal" value="BZ0Y0T5"/>
        </identifiers>
        <balance>275304.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>3250183.96000000</valUSD>
        <pctVal>0.022585675243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPAREBANK 1 OSTLANDET</name>
        <lei>549300VRM6G42M8OWN49</lei>
        <title>SPAREBANK 1 OESTLANDET</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010751910"/>
          <other otherDesc="Internal" value="BZ12WQ9"/>
        </identifiers>
        <balance>183194.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>4019386.68000000</valUSD>
        <pctVal>0.027930899711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MedCap AB (publ)</name>
        <lei>549300NGO5XAJ6TL8719</lei>
        <title>MEDCAP AB</title>
        <cusip>W5S972103</cusip>
        <identifiers>
          <isin value="SE0009160872"/>
          <other otherDesc="Internal" value="BZ145W2"/>
        </identifiers>
        <balance>47764.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>2482160.48000000</valUSD>
        <pctVal>0.017248645366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pwr Holdings Ltd</name>
        <lei>N/A</lei>
        <title>PWR HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000PWH0"/>
          <other otherDesc="Internal" value="BZ168Z2"/>
        </identifiers>
        <balance>355468.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>2235918.22000000</valUSD>
        <pctVal>0.015537496772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="617860.89018800"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIRARTH Real Estate Investment Corporation</name>
        <lei>353800B55299YP0HS329</lei>
        <title>MIRARTH REAL ESTATE INVESTMENT</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048750008"/>
          <other otherDesc="Internal" value="BZ16GD6"/>
        </identifiers>
        <balance>3687.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2073779.96000000</valUSD>
        <pctVal>0.014410790674</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="224982.90859700"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MIRAI Corporation</name>
        <lei>353800HQCYM7P10R9D93</lei>
        <title>MIRAI CORP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3048370005"/>
          <other otherDesc="Internal" value="BZ1B0D9"/>
        </identifiers>
        <balance>7576.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>2226876.08000000</valUSD>
        <pctVal>0.015474662532</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>Bravida Holding AB</name>
        <lei>549300H88IJGPNNL3T61</lei>
        <title>BRAVIDA HOLDING AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0007491303"/>
          <other otherDesc="Internal" value="BZ1DP29"/>
        </identifiers>
        <balance>811444.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>8384474.57000000</valUSD>
        <pctVal>0.058264092757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REPLY S.P.A.</name>
        <lei>815600DAEFB0388F3521</lei>
        <title>REPLY SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005282865"/>
          <other otherDesc="Internal" value="BZ1DZ96"/>
        </identifiers>
        <balance>87534.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>9705268.36000000</valUSD>
        <pctVal>0.067442348502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Temple &amp; Webster Group Ltd</name>
        <lei>N/A</lei>
        <title>TEMPLE WEBSTER GROUP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000TPW5"/>
          <other otherDesc="Internal" value="BZ1MWM5"/>
        </identifiers>
        <balance>349860.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.38898500"/>
        <valUSD>1455868.54000000</valUSD>
        <pctVal>0.010116896288</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1172913.37760800"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Attendo AB (publ)</name>
        <lei>549300KEJDL2FNITUW65</lei>
        <title>ATTENDO AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0007666110"/>
          <other otherDesc="Internal" value="BZ1N262"/>
        </identifiers>
        <balance>474012.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>5484079.64000000</valUSD>
        <pctVal>0.038109117293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>XIOR STUDENT HOUSING NV</name>
        <lei>549300JK7HFOCP0U8K85</lei>
        <title>XIOR STUDENT HOUSING NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974288202"/>
          <other otherDesc="Internal" value="BZ1NNF8"/>
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        <balance>164061.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>5318470.66000000</valUSD>
        <pctVal>0.036958293006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Grenergy Renovables, S.A.</name>
        <lei>959800M1FVPL5BMW3R13</lei>
        <title>GRENERGY RENOVABLES SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0105079000"/>
          <other otherDesc="Internal" value="BZ2JBQ2"/>
        </identifiers>
        <balance>56116.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>7955951.52000000</valUSD>
        <pctVal>0.055286266713</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Boozt AB</name>
        <lei>549300HOEUKTVLRKQQ57</lei>
        <title>BOOZT AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0009888738"/>
          <other otherDesc="Internal" value="BZ30KS9"/>
        </identifiers>
        <balance>218003.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>2793290.72000000</valUSD>
        <pctVal>0.019410703467</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HMS Networks AB</name>
        <lei>549300MOY2FDUUDIQ179</lei>
        <title>HMS NETWORKS AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0009997018"/>
          <other otherDesc="Internal" value="BZ30ML6"/>
        </identifiers>
        <balance>127597.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>7449003.06000000</valUSD>
        <pctVal>0.051763458951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TORM PLC</name>
        <lei>213800VL1H1ABVM1ZF63</lei>
        <title>TORM PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BZ3CNK81"/>
          <other otherDesc="Internal" value="BZ3CNK8"/>
        </identifiers>
        <balance>239780.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>7689951.71000000</valUSD>
        <pctVal>0.053437822011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JOHNSON MATTHEY PLC</name>
        <lei>2138001AVBSD1HSC6Z10</lei>
        <title>JOHNSON MATTHEY PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BZ4BQC70"/>
          <other otherDesc="Internal" value="BZ4BQC7"/>
        </identifiers>
        <balance>662934.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>18745373.14000000</valUSD>
        <pctVal>0.130262445222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Megaport Ltd</name>
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        <name>NICKEL INDUSTRIES LIMITED</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bravura Solutions Ltd</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HORNBACH Holding AG &amp; Co. KGaA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>INGHAMS GROUP LIMITED</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KH Neochem Co., Ltd.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bitdeer Technologies Group</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>eToro Group Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MILLICOM INTERNATIONAL CELLULAR S.A.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cellebrite DI Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Global-E Online Ltd</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Inmode Ltd</name>
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        <name>ITURAN LOCATION AND CONTROL LTD.</name>
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        <name>Kornit Digital Ltd</name>
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        <name>RADWARE LTD.</name>
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        <name>Riskified Ltd</name>
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        <name>WIX.COM LTD</name>
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        <name>ZIM INTEGRATED SHIPPING SERVICES LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pharvaris NV</name>
        <lei>9845003BE146D3B75D32</lei>
        <title>PHARVARIS NV</title>
        <cusip>N69605108</cusip>
        <identifiers>
          <isin value="NL00150005Y4"/>
          <other otherDesc="Internal" value="N69605108"/>
        </identifiers>
        <balance>88014.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2729314.14000000</valUSD>
        <pctVal>0.018966127321</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="27909.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOPIX INDX FUTR JUN26</name>
        <lei>N/A</lei>
        <title>TOPIX INDX FUTR JUN26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="TPXM26"/>
          <other otherDesc="INTERNAL" value="TPM620260"/>
        </identifiers>
        <balance>239.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="JPY" exchangeRt="156.55500000"/>
        <valUSD>1866175.62000000</valUSD>
        <pctVal>0.012968138732</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Index Future" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>OSAKA EXCHANGE,INC</counterpartyName>
              <counterpartyLei>3538001249AILNPRUX57</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>TOPIX INDX FUTR Jun 2026</indexName>
                <indexIdentifier>TPXM26</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-06-12</expDate>
            <notionalAmt>55531645.38000000</notionalAmt>
            <curCd>JPY</curCd>
            <unrealizedAppr>1866175.62000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EURO STOXX 50 JUN26</name>
        <lei>N/A</lei>
        <title>EURO STOXX 50 JUN26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="VGM6"/>
          <other otherDesc="INTERNAL" value="VGM620267"/>
        </identifiers>
        <balance>438.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1068741.35000000</valUSD>
        <pctVal>0.007426731947</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Index Future" issuerCat="OTHER"/>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>EUREX DEUTSCHLAND</counterpartyName>
              <counterpartyLei>529900LN3S50JPU47S06</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>EURO STOXX 50 JUN26</indexName>
                <indexIdentifier>STXEM26</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-06-22</expDate>
            <notionalAmt>28952278.74000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>1068741.35000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FTSE 100 IDX FUT JUN26</name>
        <lei>N/A</lei>
        <title>FTSE 100 IDX FUT JUN26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="XM26"/>
          <other otherDesc="INTERNAL" value="ZM6202661"/>
        </identifiers>
        <balance>381.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>463484.77000000</valUSD>
        <pctVal>0.003220776615</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Index Future" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION</counterpartyName>
              <counterpartyLei>549300UF4R84F48NCH34</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>FTSE 100 IDX FUT Jun 2026</indexName>
                <indexIdentifier>XM26</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-06-19</expDate>
            <notionalAmt>53419398.51000000</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>463484.77000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <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>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust </ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort </ncom:signature>
      <ncom:signerName>Chuck Pulsfort </ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
