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        <lei>549300KVXDURRKVW7R37</lei>
        <title>RS GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB0003096442"/>
          <other otherDesc="Internal" value="0309644"/>
        </identifiers>
        <balance>55724.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>456475.03000000</valUSD>
        <pctVal>0.244207330531</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>66792.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>147782.58000000</valUSD>
        <pctVal>0.079061475412</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>3903.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1035179.27000000</valUSD>
        <pctVal>0.553805464777</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>65488.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>224207.75000000</valUSD>
        <pctVal>0.119947801114</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>185804.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>84446.14000000</valUSD>
        <pctVal>0.045177424980</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>9445.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>330303.62000000</valUSD>
        <pctVal>0.176707508634</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>238132.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>454738.32000000</valUSD>
        <pctVal>0.243278216592</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>15450.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>106799.80000000</valUSD>
        <pctVal>0.057136299567</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>26113.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>86345.82000000</valUSD>
        <pctVal>0.046193725437</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>149575.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>353742.33000000</valUSD>
        <pctVal>0.189246868783</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>45254.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>79406.59000000</valUSD>
        <pctVal>0.042481340919</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>8226.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>250046.74000000</valUSD>
        <pctVal>0.133771275251</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>49819.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>138643.05000000</valUSD>
        <pctVal>0.074171963222</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>9320.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>114773.80000000</valUSD>
        <pctVal>0.061402270597</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>63881.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>673963.29000000</valUSD>
        <pctVal>0.360560304749</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>32554.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>96790.79000000</valUSD>
        <pctVal>0.051781628550</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>3370.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>167103.88000000</valUSD>
        <pctVal>0.089398082642</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>6618.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>259897.05000000</valUSD>
        <pctVal>0.139041044136</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>70079.11000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70079.11000000</valUSD>
        <pctVal>0.037491278283</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>7288768.27400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7290954.90000000</valUSD>
        <pctVal>3.900552091875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="7290954.90000000" 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>38067.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>548905.98000000</valUSD>
        <pctVal>0.293656509729</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>28756.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>83150.65000000</valUSD>
        <pctVal>0.044484357158</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>51201.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>322656.73000000</valUSD>
        <pctVal>0.172616536574</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>4321.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>278349.71000000</valUSD>
        <pctVal>0.148912941926</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>4593.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>112373.62000000</valUSD>
        <pctVal>0.060118210107</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>17632.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>106214.78000000</valUSD>
        <pctVal>0.056823322596</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>62242.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1027734.22000000</valUSD>
        <pctVal>0.549822474105</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>50101.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>194639.41000000</valUSD>
        <pctVal>0.104129180367</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>117591.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>450273.54000000</valUSD>
        <pctVal>0.240889625906</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>5333.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>339912.18000000</valUSD>
        <pctVal>0.181847944876</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>26686.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>53160.23000000</valUSD>
        <pctVal>0.028439929909</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>419612.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>443864.34000000</valUSD>
        <pctVal>0.237460799530</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>8426.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>134148.42000000</valUSD>
        <pctVal>0.071767403231</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>9688.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>79493.15000000</valUSD>
        <pctVal>0.042527649227</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>16832.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>136737.71000000</valUSD>
        <pctVal>0.073152634750</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>30626.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1110049.18000000</valUSD>
        <pctVal>0.593859749582</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>29726.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>447829.93000000</valUSD>
        <pctVal>0.239582331014</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>-14250.41000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>-19391.24000000</valUSD>
        <pctVal>-0.01037402408</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>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>473.81000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.27280000"/>
        <valUSD>372.26000000</valUSD>
        <pctVal>0.000199153545</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>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>173044.39000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>27177.68000000</valUSD>
        <pctVal>0.014539653314</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>1839319.99000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>198529.90000000</valUSD>
        <pctVal>0.106210534472</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>589387.49000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>63836.61000000</valUSD>
        <pctVal>0.034151633920</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>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>69635.35000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>89121.84000000</valUSD>
        <pctVal>0.047678854719</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>311944.40000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>366113.45000000</valUSD>
        <pctVal>0.195865233408</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>33892.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>61660.47000000</valUSD>
        <pctVal>0.032987431487</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>16351.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>433749.78000000</valUSD>
        <pctVal>0.232049660837</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>42728.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>678014.87000000</valUSD>
        <pctVal>0.362727839600</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>401557.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>436949.95000000</valUSD>
        <pctVal>0.233761704042</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>994.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>68575.58000000</valUSD>
        <pctVal>0.036686912165</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="68575.57999900"/>
        </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>2379.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>108892.39000000</valUSD>
        <pctVal>0.058255803996</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>25046.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>581437.65000000</valUSD>
        <pctVal>0.311060467813</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>15446.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>37344.08000000</valUSD>
        <pctVal>0.019978525633</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>3856.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>41820.57000000</valUSD>
        <pctVal>0.022373380995</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>6610.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>192400.32000000</valUSD>
        <pctVal>0.102931300624</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>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>919.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>90640.95000000</valUSD>
        <pctVal>0.048491555904</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>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>57896.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>45458.29000000</valUSD>
        <pctVal>0.024319506921</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>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>1251.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>97977.92000000</valUSD>
        <pctVal>0.052416725388</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="73072.26167800"/>
        </securityLending>
      </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>4233.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>238206.71000000</valUSD>
        <pctVal>0.127437035852</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>4131.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>140362.87000000</valUSD>
        <pctVal>0.075092041263</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>572.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>43360.04000000</valUSD>
        <pctVal>0.023196974476</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>85178.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>198793.04000000</valUSD>
        <pctVal>0.106351310446</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>118.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>111167.86000000</valUSD>
        <pctVal>0.059473146497</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>10324.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>324352.29000000</valUSD>
        <pctVal>0.173523635877</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>4858.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>57634.09000000</valUSD>
        <pctVal>0.030833378260</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>18722.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>220704.65000000</valUSD>
        <pctVal>0.118073694879</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>20147.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>195735.91000000</valUSD>
        <pctVal>0.104715791508</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>3000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>149751.97000000</valUSD>
        <pctVal>0.080115069679</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>14527.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>278743.47000000</valUSD>
        <pctVal>0.149123597651</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>2946.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>81968.63000000</valUSD>
        <pctVal>0.043851994094</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>11506.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>368233.89000000</valUSD>
        <pctVal>0.196999637172</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>13480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>179523.89000000</valUSD>
        <pctVal>0.096042602688</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>11096.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>118212.40000000</valUSD>
        <pctVal>0.063241870294</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>1025.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>188497.36000000</valUSD>
        <pctVal>0.100843275256</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>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>1354.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>122044.54000000</valUSD>
        <pctVal>0.065292008019</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>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>83.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>92905.82000000</valUSD>
        <pctVal>0.049703227563</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>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>364.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>57766.69000000</valUSD>
        <pctVal>0.030904317282</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>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"/>
        </identifiers>
        <balance>15983.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>240409.29000000</valUSD>
        <pctVal>0.128615383290</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="194231.69378500"/>
        </securityLending>
      </invstOrSec>
      <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>2303.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>63034.76000000</valUSD>
        <pctVal>0.033722656133</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="46365.99367600"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>14100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>292381.76000000</valUSD>
        <pctVal>0.156419879321</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>ICADE SA</name>
        <lei>969500UDH342QLTE1M42</lei>
        <title>ICADE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000035081"/>
          <other otherDesc="Internal" value="4554406"/>
        </identifiers>
        <balance>4112.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>98994.50000000</valUSD>
        <pctVal>0.052960580521</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>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>17218.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>201337.88000000</valUSD>
        <pctVal>0.107712761878</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>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>21408.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>93647.89000000</valUSD>
        <pctVal>0.050100223941</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>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>10348.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>223261.93000000</valUSD>
        <pctVal>0.119441801525</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>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>4472.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>33714.91000000</valUSD>
        <pctVal>0.018036973830</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"/>
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        <balance>44915.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>302117.31000000</valUSD>
        <pctVal>0.161628253318</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>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>4488.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>112527.88000000</valUSD>
        <pctVal>0.060200736905</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="23292.86999100"/>
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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>31215.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>153098.28000000</valUSD>
        <pctVal>0.081905295603</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>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>2871.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>135341.36000000</valUSD>
        <pctVal>0.072405608333</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>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>68364.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>209197.88000000</valUSD>
        <pctVal>0.111917744608</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>2926.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>179572.29000000</valUSD>
        <pctVal>0.096068495966</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>8706.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>284283.38000000</valUSD>
        <pctVal>0.152087366847</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>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>699.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>91871.33000000</valUSD>
        <pctVal>0.049149790847</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>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>78963.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>184338.45000000</valUSD>
        <pctVal>0.098618320456</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>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>48927.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>945805.45000000</valUSD>
        <pctVal>0.505991804517</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>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>2240.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>426380.37000000</valUSD>
        <pctVal>0.228107136438</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>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>2818.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>70701.98000000</valUSD>
        <pctVal>0.037824504440</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>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>108.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>101403.33000000</valUSD>
        <pctVal>0.054249268632</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>voestalpine AG</name>
        <lei>529900ZAXBMQDIWPNB72</lei>
        <title>VOESTALPINE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000937503"/>
          <other otherDesc="Internal" value="4943402"/>
        </identifiers>
        <balance>12740.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>658696.04000000</valUSD>
        <pctVal>0.352392553783</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>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"/>
        </identifiers>
        <balance>2111.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>74037.77000000</valUSD>
        <pctVal>0.039609102320</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>Wereldhave N.V.</name>
        <lei>724500YRQCY3BD9RJZ92</lei>
        <title>WERELDHAVE NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0000289213"/>
          <other otherDesc="Internal" value="4948623"/>
        </identifiers>
        <balance>4324.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>111819.22000000</valUSD>
        <pctVal>0.059821614379</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>PUMA SE</name>
        <lei>529900GRZ2BQY5ZM9N49</lei>
        <title>PUMA SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006969603"/>
          <other otherDesc="Internal" value="5064722"/>
        </identifiers>
        <balance>12178.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>372816.11000000</valUSD>
        <pctVal>0.199451056506</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>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"/>
        </identifiers>
        <balance>19041.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>63714.98000000</valUSD>
        <pctVal>0.034086563684</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="11055.84233600"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>2946.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>298069.14000000</valUSD>
        <pctVal>0.159462542766</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>
        </securityLending>
      </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>1118.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>99266.28000000</valUSD>
        <pctVal>0.053105978766</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>Bilfinger SE</name>
        <lei>529900H0HULEN2BZ4604</lei>
        <title>BILFINGER SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005909006"/>
          <other otherDesc="Internal" value="5117381"/>
        </identifiers>
        <balance>4238.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>488772.27000000</valUSD>
        <pctVal>0.261485872063</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>Duerr Aktiengesellschaft</name>
        <lei>5299003APZ54EDTSRO20</lei>
        <title>DUERR AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005565204"/>
          <other otherDesc="Internal" value="5119901"/>
        </identifiers>
        <balance>6040.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>149880.79000000</valUSD>
        <pctVal>0.080183986457</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>INTERPUMP GROUP S.P.A.</name>
        <lei>815600C79D0F31F4D395</lei>
        <title>INTERPUMP GROUP SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001078911"/>
          <other otherDesc="Internal" value="5161407"/>
        </identifiers>
        <balance>9075.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>382584.32000000</valUSD>
        <pctVal>0.204676903116</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>Draegerwerk AG &amp; Co. KGaA</name>
        <lei>5493005UFVHY0PPNKD75</lei>
        <title>DRAEGERWERK AG CO KGAA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005550636"/>
          <other otherDesc="Internal" value="5169218"/>
        </identifiers>
        <balance>1045.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>110432.55000000</valUSD>
        <pctVal>0.059079766617</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>INTERROLL HOLDING AG</name>
        <lei>529900MU4QAEI94TB543</lei>
        <title>INTERROLL HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0006372897"/>
          <other otherDesc="Internal" value="5206621"/>
        </identifiers>
        <balance>86.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>179847.70000000</valUSD>
        <pctVal>0.096215836207</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>GIMV NV</name>
        <lei>549300UFHGFY5IOON989</lei>
        <title>GIMV NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003699130"/>
          <other otherDesc="Internal" value="5249080"/>
        </identifiers>
        <balance>2835.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>159745.39000000</valUSD>
        <pctVal>0.085461400279</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>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"/>
        </identifiers>
        <balance>26554.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>956575.26000000</valUSD>
        <pctVal>0.511753492183</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>Sixt SE</name>
        <lei>5299004ZME6CSBR7WP07</lei>
        <title>SIXT SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007231326"/>
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        <balance>1616.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
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        <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>
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          <isin value="DK0010234467"/>
          <other otherDesc="Internal" value="5263574"/>
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        <balance>5101.00000000</balance>
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        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <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"/>
          <other otherDesc="Internal" value="5271276"/>
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        <balance>1956.00000000</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>SOCIETE BIC S.A.</name>
        <lei>969500UR00DF63I0VH67</lei>
        <title>SOCIETE BIC SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000120966"/>
          <other otherDesc="Internal" value="5298781"/>
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        <balance>2193.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CEMBRE S.P.A.</name>
        <lei>8156008BFBC06F53DD56</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001128047"/>
          <other otherDesc="Internal" value="5323025"/>
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        <balance>732.00000000</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>
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      <invstOrSec>
        <name>ERG S.P.A.</name>
        <lei>8156004604684CA44A90</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001157020"/>
          <other otherDesc="Internal" value="5337093"/>
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        <balance>6053.00000000</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>SECHE ENVIRONNEMENT SA</name>
        <lei>969500R9ENNIN33POO20</lei>
        <title>SECHE ENVIRONNEMENT SACA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000039109"/>
          <other otherDesc="Internal" value="5366837"/>
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        <balance>260.00000000</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>Kitron ASA</name>
        <lei>5967007LIEEXZXIG6009</lei>
        <title>KITRON ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0003079709"/>
          <other otherDesc="Internal" value="5399684"/>
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        <balance>25648.00000000</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>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RETAIL ESTATES NV</name>
        <lei>5493007CO5W5OBFG7L21</lei>
        <title>RETAIL ESTATES NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003720340"/>
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        <balance>1404.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cicor Technologies Ltd.</name>
        <lei>529900PIIUEUGLYD8P70</lei>
        <title>CICOR TECHNOLOGIES LTD</title>
        <cusip>H1443P109</cusip>
        <identifiers>
          <isin value="CH0008702190"/>
          <other otherDesc="Internal" value="5451302"/>
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        <balance>296.00000000</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>
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      <invstOrSec>
        <name>Salzgitter Aktiengesellschaft</name>
        <lei>529900E12Z6HXIMHFA15</lei>
        <title>SALZGITTER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006202005"/>
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        <balance>2846.00000000</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>VIDRALA, S.A.</name>
        <lei>95980020140005399488</lei>
        <title>VIDRALA SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0183746314"/>
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        <balance>2761.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AIXTRON SE</name>
        <lei>5299004UJ4D51M25LD67</lei>
        <title>AIXTRON SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A0WMPJ6"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Tieto Oyj</name>
        <lei>549300EW2KM4KROKQV31</lei>
        <title>TIETO OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009000277"/>
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        <balance>12668.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MERSEN SA</name>
        <lei>OQXDLNM5DTBULYMF5U27</lei>
        <title>MERSEN SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000039620"/>
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        <balance>2524.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PostNL N.V.</name>
        <lei>724500Q41FHN0P1GPC53</lei>
        <title>POSTNL NV</title>
        <cusip>N/A</cusip>
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          <isin value="NL0009739416"/>
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        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Aurubis AG</name>
        <lei>5299005SHIN9ZK7GW242</lei>
        <title>AURUBIS AG</title>
        <cusip>N/A</cusip>
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          <isin value="DE0006766504"/>
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        <invCountry>DE</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>LISI S.A.</name>
        <lei>969500UU4O58BR802Y55</lei>
        <title>LISI SA</title>
        <cusip>N/A</cusip>
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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>SOL S.P.A.</name>
        <lei>81560096A9AEBBBD4B25</lei>
        <title>SOL SPA</title>
        <cusip>N/A</cusip>
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          <isin value="IT0001206769"/>
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        <balance>4300.00000000</balance>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>DO &amp; CO Aktiengesellschaft</name>
        <lei>5299002NFQKOBT1E8569</lei>
        <title>DO CO AG</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>A2A S.P.A.</name>
        <lei>81560076E3944316DB24</lei>
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        <invCountry>IT</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sacyr, S.A.</name>
        <lei>959800XKAB9VNAVN9425</lei>
        <title>SACYR SA</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>KRONES Aktiengesellschaft</name>
        <lei>529900NY2GSZWWUBW049</lei>
        <title>KRONES AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006335003"/>
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        <balance>1668.00000000</balance>
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        <valUSD>241403.17000000</valUSD>
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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>
        </securityLending>
      </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>5700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>171734.10000000</valUSD>
        <pctVal>0.091875181260</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>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>9384.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>276215.97000000</valUSD>
        <pctVal>0.147771422861</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>3602.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>239969.85000000</valUSD>
        <pctVal>0.128380289446</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>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>2820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>38562.38000000</valUSD>
        <pctVal>0.020630297956</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>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>1684.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>262760.03000000</valUSD>
        <pctVal>0.140572695721</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>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>59177.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>704271.17000000</valUSD>
        <pctVal>0.376774568361</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>Viscofan, S.A.</name>
        <lei>95980020140005684765</lei>
        <title>VISCOFAN SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0184262212"/>
          <other otherDesc="Internal" value="5638280"/>
        </identifiers>
        <balance>4462.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>314209.49000000</valUSD>
        <pctVal>0.168097389205</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"/>
        </identifiers>
        <balance>3754.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>43706.34000000</valUSD>
        <pctVal>0.023382239809</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>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"/>
        </identifiers>
        <balance>3601.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>114955.70000000</valUSD>
        <pctVal>0.061499584383</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>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"/>
        </identifiers>
        <balance>5340.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>95753.61000000</valUSD>
        <pctVal>0.051226752724</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>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"/>
        </identifiers>
        <balance>1501.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>154748.66000000</valUSD>
        <pctVal>0.082788224280</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>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"/>
        </identifiers>
        <balance>942.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>203754.25000000</valUSD>
        <pctVal>0.109005483776</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>Wienerberger AG</name>
        <lei>529900VXIFBHO0SW2I31</lei>
        <title>WIENERBERGER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AT0000831706"/>
          <other otherDesc="Internal" value="5699373"/>
        </identifiers>
        <balance>12835.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>372140.63000000</valUSD>
        <pctVal>0.199089684784</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>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>2000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>82155.48000000</valUSD>
        <pctVal>0.043951956056</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>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>17491.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>38199.61000000</valUSD>
        <pctVal>0.020436221419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="38199.61000000"/>
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      </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>1980.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>43177.22000000</valUSD>
        <pctVal>0.023099168504</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>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"/>
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        <balance>2745.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>905335.67000000</valUSD>
        <pctVal>0.484341076018</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"/>
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        <balance>3306.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>253302.63000000</valUSD>
        <pctVal>0.135513127824</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"/>
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        <balance>1471.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>35290.25000000</valUSD>
        <pctVal>0.018879757226</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>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>6219.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>163058.04000000</valUSD>
        <pctVal>0.087233618605</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>22478.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>391992.07000000</valUSD>
        <pctVal>0.209709909004</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>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>13358.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>174226.17000000</valUSD>
        <pctVal>0.093208401529</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>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"/>
        </identifiers>
        <balance>287.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>34635.83000000</valUSD>
        <pctVal>0.018529652290</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>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"/>
        </identifiers>
        <balance>626.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>69364.06000000</valUSD>
        <pctVal>0.037108737201</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>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>1902.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>134308.17000000</valUSD>
        <pctVal>0.071852867098</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>ARCADIS N.V.</name>
        <lei>7245000UZH70GO047N03</lei>
        <title>ARCADIS NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0006237562"/>
          <other otherDesc="Internal" value="5769209"/>
        </identifiers>
        <balance>8611.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>368788.16000000</valUSD>
        <pctVal>0.197296163352</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>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"/>
        </identifiers>
        <balance>2721.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>47386.53000000</valUSD>
        <pctVal>0.025351086552</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="47386.53000000"/>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>2897.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>84215.01000000</valUSD>
        <pctVal>0.045053773878</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>Suedzucker AG</name>
        <lei>529900S8QNB101D40S72</lei>
        <title>SUEDZUCKER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0007297004"/>
          <other otherDesc="Internal" value="5784462"/>
        </identifiers>
        <balance>7032.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>102289.30000000</valUSD>
        <pctVal>0.054723249363</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="55057.59392700"/>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>3137.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>117158.02000000</valUSD>
        <pctVal>0.062677792725</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>ASSYSTEM SA</name>
        <lei>9695008GTTDJGF00CT88</lei>
        <title>ASSYSTEM SA</title>
        <cusip>F0427A122</cusip>
        <identifiers>
          <isin value="FR0000074148"/>
          <other otherDesc="Internal" value="5797921"/>
        </identifiers>
        <balance>593.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>31945.22000000</valUSD>
        <pctVal>0.017090216083</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>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"/>
        </identifiers>
        <balance>3536.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>136286.83000000</valUSD>
        <pctVal>0.072911420677</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="136286.83000000"/>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>181.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>38909.40000000</valUSD>
        <pctVal>0.020815948479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Koninklijke Vopak N.V.</name>
        <lei>724500UL634GFV1KYF10</lei>
        <title>KONINKLIJKE VOPAK NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0009432491"/>
          <other otherDesc="Internal" value="5809428"/>
        </identifiers>
        <balance>6772.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>338929.97000000</valUSD>
        <pctVal>0.181322477180</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>Evotec SE</name>
        <lei>529900F9KI6OYITO9B12</lei>
        <title>EVOTEC SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005664809"/>
          <other otherDesc="Internal" value="5811917"/>
        </identifiers>
        <balance>17247.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>106744.67000000</valUSD>
        <pctVal>0.057106805840</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="103062.11195200"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>3986.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>196832.98000000</valUSD>
        <pctVal>0.105302707590</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>Vastned NV</name>
        <lei>54930068RSC6OT68NE51</lei>
        <title>VASTNED BELGIUM NV</title>
        <cusip>B52491105</cusip>
        <identifiers>
          <isin value="BE0003754687"/>
          <other otherDesc="Internal" value="5847086"/>
        </identifiers>
        <balance>967.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>34388.05000000</valUSD>
        <pctVal>0.018397093687</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>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>1769.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>483097.34000000</valUSD>
        <pctVal>0.258449869181</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>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"/>
        </identifiers>
        <balance>4216.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>131299.07000000</valUSD>
        <pctVal>0.070243043493</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>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"/>
        </identifiers>
        <balance>1110.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>103177.89000000</valUSD>
        <pctVal>0.055198631756</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>Bechtle AG</name>
        <lei>529900HA2QT774RUXW59</lei>
        <title>BECHTLE AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005158703"/>
          <other otherDesc="Internal" value="5932409"/>
        </identifiers>
        <balance>9627.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>327648.41000000</valUSD>
        <pctVal>0.175287010899</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="16030.16527500"/>
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      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>1998.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>54402.89000000</valUSD>
        <pctVal>0.029104734469</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>Energiekontor AG</name>
        <lei>529900MCVP6QF0PTPQ72</lei>
        <title>ENERGIEKONTOR AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0005313506"/>
          <other otherDesc="Internal" value="5970982"/>
        </identifiers>
        <balance>843.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>40294.87000000</valUSD>
        <pctVal>0.021557154258</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="35514.93287000"/>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>95768.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>218951.46000000</valUSD>
        <pctVal>0.117135764386</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>adesso SE</name>
        <lei>529900KOICE97ZSA1O52</lei>
        <title>ADESSO SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A0Z23Q5"/>
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        <balance>416.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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"/>
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        <balance>2931.00000000</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>
      <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>5054.00000000</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>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>944.00000000</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>6384.00000000</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>JURONG TECHNOLOGIES INDUSTRIAL CORP LTD</name>
        <lei>N/A</lei>
        <title>JURONG TECHNOLOGIES INDUSTRIAL CORP LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SG1I32881126"/>
          <other otherDesc="Internal" value="6231150"/>
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        <balance>60000.00000000</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>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PEACE MARK HOLDINGS LTD</name>
        <lei>N/A</lei>
        <title>PEACE MARK HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG6957A2098"/>
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        <balance>30000.00000000</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>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THE NAVIGATOR COMPANY, S.A.</name>
        <lei>549300UNIB7M2AXUXS35</lei>
        <title>NAVIGATOR CO SA THE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PTPTI0AM0006"/>
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        <balance>25182.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mota-Engil, SGPS, SA</name>
        <lei>549300L6RR1203WN9F57</lei>
        <title>MOTA ENGIL SGPS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PTMEN0AE0005"/>
          <other otherDesc="Internal" value="7025471"/>
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        <balance>11232.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EURAZEO SE</name>
        <lei>969500C656AA39O94N60</lei>
        <title>EURAZEO SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000121121"/>
          <other otherDesc="Internal" value="7042395"/>
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        <balance>4454.00000000</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>NKT A/S</name>
        <lei>529900197LKWCEQ0NL18</lei>
        <title>NKT A S</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DK0010287663"/>
          <other otherDesc="Internal" value="7106354"/>
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        <balance>6353.00000000</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>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"/>
          <other otherDesc="Internal" value="7107551"/>
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        <balance>4334.00000000</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>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>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <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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        <balance>1526.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Clariant AG</name>
        <lei>529900VSEKBY7TMPP349</lei>
        <title>CLARIANT AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <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>
        <securityLending>
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      <invstOrSec>
        <name>Vontobel Holding AG</name>
        <lei>529900G69W5VR3DDPW23</lei>
        <title>VONTOBEL HOLDING AG</title>
        <cusip>N/A</cusip>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <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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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>JCDECAUX SE</name>
        <lei>9695009KV7AFPDEI5S30</lei>
        <title>JCDECAUX SE</title>
        <cusip>N/A</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <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>
        <identifiers>
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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>GL EVENTS SA</name>
        <lei>9695002PXZMQNBPY2P44</lei>
        <title>GL EVENTS SACA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000066672"/>
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        <balance>1024.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>DE ' LONGHI S.P.A.</name>
        <lei>8156000E09A52C4F8A38</lei>
        <title>DE LONGHI SPA</title>
        <cusip>N/A</cusip>
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          <isin value="IT0003115950"/>
          <other otherDesc="Internal" value="7169517"/>
        </identifiers>
        <balance>8080.00000000</balance>
        <units>NS</units>
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        <valUSD>314201.08000000</valUSD>
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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>
      <invstOrSec>
        <name>Revenio Group Oyj</name>
        <lei>743700I27E0FWSXLKK04</lei>
        <title>REVENIO GROUP OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI0009010912"/>
          <other otherDesc="Internal" value="7195824"/>
        </identifiers>
        <balance>2655.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>43312.95000000</valUSD>
        <pctVal>0.023171782029</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>Billerud Aktiebolag (publ)</name>
        <lei>549300YJUYJ9A24RXL71</lei>
        <title>BILLERUD AKTIEBOLAG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000862997"/>
          <other otherDesc="Internal" value="7240371"/>
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        <balance>26488.00000000</balance>
        <units>NS</units>
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        <pctVal>0.097411164071</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>BANCA IFIS S.P.A.</name>
        <lei>8156005420362AE59184</lei>
        <title>BANCA IFIS SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0003188064"/>
          <other otherDesc="Internal" value="7242087"/>
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        <balance>3651.00000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BENETEAU SA</name>
        <lei>969500FHXW3AEY6Z0B25</lei>
        <title>BENETEAU SACA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0000035164"/>
          <other otherDesc="Internal" value="7309283"/>
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        <balance>4264.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>34314.29000000</valUSD>
        <pctVal>0.018357633187</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>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>5491.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>101528.59000000</valUSD>
        <pctVal>0.054316280863</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="ADR"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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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>2342.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>197089.84000000</valUSD>
        <pctVal>0.105440123858</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>
        <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>10692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>41249.79000000</valUSD>
        <pctVal>0.022068022211</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>Enagas S.A.</name>
        <lei>213800OU3FQKGM4M2U23</lei>
        <title>ENAGAS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0130960018"/>
          <other otherDesc="Internal" value="7383072"/>
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        <balance>22449.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>449220.81000000</valUSD>
        <pctVal>0.240326431063</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>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>2870.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>284399.13000000</valUSD>
        <pctVal>0.152149291370</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>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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        <balance>232.00000000</balance>
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        <valUSD>87308.34000000</valUSD>
        <pctVal>0.046708659276</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>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>500.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.116839468250</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>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>1878.00000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>3344.00000000</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>HERA S.P.A.</name>
        <lei>8156009414FD99443B48</lei>
        <title>HERA SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0001250932"/>
          <other otherDesc="Internal" value="7598003"/>
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        <balance>97116.00000000</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>Getinge AB (publ)</name>
        <lei>5493003PZ4F570G3W735</lei>
        <title>GETINGE AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000202624"/>
          <other otherDesc="Internal" value="7698356"/>
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        <balance>27089.00000000</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>NORWEGIAN AIR SHUTTLE ASA</name>
        <lei>549300IEUH2FEM2Y6B51</lei>
        <title>NORWEGIAN AIR SHUTTLE ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010196140"/>
          <other otherDesc="Internal" value="7742123"/>
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        <balance>61934.00000000</balance>
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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>
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      <invstOrSec>
        <name>JUNGFRAUBAHN HOLDING AG</name>
        <lei>5067009MCPE99B3E4489</lei>
        <title>JUNGFRAUBAHN HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0017875789"/>
          <other otherDesc="Internal" value="7788967"/>
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        <balance>580.00000000</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>PROXIMUS NV</name>
        <lei>549300CWRXC5EP004533</lei>
        <title>PROXIMUS SADP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003810273"/>
          <other otherDesc="Internal" value="B00D9P6"/>
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        <balance>18059.00000000</balance>
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        <pctVal>0.073816738479</pctVal>
        <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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHESNARA PLC</name>
        <lei>213800VFRMBRTSZ3SJ06</lei>
        <title>CHESNARA PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B00FPT80"/>
          <other otherDesc="Internal" value="B00FPT8"/>
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        <balance>27023.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Basilea Pharmaceutica AG, Allschwil</name>
        <lei>N/A</lei>
        <title>BASILEA PHARMACEUTICA AG ALLSCHWIL</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0011432447"/>
          <other otherDesc="Internal" value="B00FX50"/>
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        <balance>1470.00000000</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>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"/>
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        <balance>20337.00000000</balance>
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        <valUSD>242309.75000000</valUSD>
        <pctVal>0.129632101035</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>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>728.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>260105.28000000</valUSD>
        <pctVal>0.139152444079</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>21340.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>438580.40000000</valUSD>
        <pctVal>0.234633970466</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>42827.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>353355.18000000</valUSD>
        <pctVal>0.189039749309</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>46051.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>73692.73000000</valUSD>
        <pctVal>0.039424511068</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>3929.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>102841.17000000</valUSD>
        <pctVal>0.055018491579</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>5409.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>1081101.86000000</valUSD>
        <pctVal>0.578373365271</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>25669.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>45757.10000000</valUSD>
        <pctVal>0.024479365812</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>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>13775.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>584954.42000000</valUSD>
        <pctVal>0.312941887294</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>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>31790.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>51675.55000000</valUSD>
        <pctVal>0.027645648260</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>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>1480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>86373.58000000</valUSD>
        <pctVal>0.046208576623</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>22048.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>361845.60000000</valUSD>
        <pctVal>0.193581997334</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>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>2670.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>309516.77000000</valUSD>
        <pctVal>0.165586854020</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>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>476.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>166299.51000000</valUSD>
        <pctVal>0.088967756693</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>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>4580.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>197630.39000000</valUSD>
        <pctVal>0.105729310043</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>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>4927.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>48909.28000000</valUSD>
        <pctVal>0.026165735083</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>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>5049.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>702891.89000000</valUSD>
        <pctVal>0.376036674140</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>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>16334.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>44614.87000000</valUSD>
        <pctVal>0.023868289804</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="7932.01802800"/>
        </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>252.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>263722.03000000</valUSD>
        <pctVal>0.141087351368</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>2157.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>62478.96000000</valUSD>
        <pctVal>0.033425311426</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="14251.11187700"/>
        </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>7028.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>95941.89000000</valUSD>
        <pctVal>0.051327479715</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>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>82797.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>180603.59000000</valUSD>
        <pctVal>0.096620226079</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>7025.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>82024.01000000</valUSD>
        <pctVal>0.043881621567</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>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>10217.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>217727.58000000</valUSD>
        <pctVal>0.116481006846</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="7948.75084000"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>1112.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>161310.17000000</valUSD>
        <pctVal>0.086298534233</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>Nordex SE</name>
        <lei>529900HVDYCUWVD0OE76</lei>
        <title>NORDEX SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A0D6554"/>
          <other otherDesc="Internal" value="B06CF71"/>
        </identifiers>
        <balance>15382.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>877118.81000000</valUSD>
        <pctVal>0.469245476908</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="702459.14838000"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>4337.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>125619.81000000</valUSD>
        <pctVal>0.067204724126</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>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>7299.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>622514.54000000</valUSD>
        <pctVal>0.333035991104</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>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>40105.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>820230.20000000</valUSD>
        <pctVal>0.438810919325</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>11082.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>187861.50000000</valUSD>
        <pctVal>0.100503099643</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>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>14695.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>180789.23000000</valUSD>
        <pctVal>0.096719540709</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="38950.57517300"/>
        </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>3859.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>108354.84000000</valUSD>
        <pctVal>0.057968222766</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>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>11897.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>72406.78000000</valUSD>
        <pctVal>0.038736547004</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>781.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>310132.28000000</valUSD>
        <pctVal>0.165916142686</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>2365.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>29509.21000000</valUSD>
        <pctVal>0.015786987078</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>6995.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>118194.66000000</valUSD>
        <pctVal>0.063232379658</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>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>48333.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>143662.96000000</valUSD>
        <pctVal>0.076857540176</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>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>3717.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>37657.90000000</valUSD>
        <pctVal>0.020146414651</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>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>24254.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>160160.09000000</valUSD>
        <pctVal>0.085683258592</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>4504.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>339130.96000000</valUSD>
        <pctVal>0.181430003832</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>105.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>109925.13000000</valUSD>
        <pctVal>0.058808304488</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>876.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>418183.91000000</valUSD>
        <pctVal>0.223722152627</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>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>31464.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>122853.85000000</valUSD>
        <pctVal>0.065724976794</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>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"/>
        </identifiers>
        <balance>19514.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>371019.23000000</valUSD>
        <pctVal>0.198489752515</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>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"/>
        </identifiers>
        <balance>12744.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>274196.86000000</valUSD>
        <pctVal>0.146691229136</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>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"/>
        </identifiers>
        <balance>15363.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>342921.89000000</valUSD>
        <pctVal>0.183458094822</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>MERCIALYS SA</name>
        <lei>969500081CGAXB7YS433</lei>
        <title>MERCIALYS SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010241638"/>
          <other otherDesc="Internal" value="B0LMF87"/>
        </identifiers>
        <balance>11301.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>165516.33000000</valUSD>
        <pctVal>0.088548767078</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>Elekta AB (publ)</name>
        <lei>54930044O54BK617EP80</lei>
        <title>ELEKTA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0000163628"/>
          <other otherDesc="Internal" value="B0M42T2"/>
        </identifiers>
        <balance>44029.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>255712.83000000</valUSD>
        <pctVal>0.136802548864</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>EUTELSAT COMMUNICATIONS SA</name>
        <lei>549300EFWH9UR17YSK05</lei>
        <title>EUTELSAT COMMUNICATIONS SACA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010221234"/>
          <other otherDesc="Internal" value="B0M7KJ7"/>
        </identifiers>
        <balance>34545.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>110238.40000000</valUSD>
        <pctVal>0.058975899264</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="70537.25846200"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <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"/>
        </identifiers>
        <balance>24348.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>45721.64000000</valUSD>
        <pctVal>0.024460395242</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>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"/>
        </identifiers>
        <balance>10798.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>106833.97000000</valUSD>
        <pctVal>0.057154580008</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>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>26073.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>203648.47000000</valUSD>
        <pctVal>0.108948893054</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>3133.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>34748.07000000</valUSD>
        <pctVal>0.018589699015</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="34748.06999900"/>
        </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>7636.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>361153.67000000</valUSD>
        <pctVal>0.193211825107</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>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>56066.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>339759.84000000</valUSD>
        <pctVal>0.181766445249</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>1003.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>143065.37000000</valUSD>
        <pctVal>0.076537838442</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="143065.37000000"/>
        </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>43854.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>561328.39000000</valUSD>
        <pctVal>0.300302313739</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>4083.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>67884.56000000</valUSD>
        <pctVal>0.036317226775</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="67884.55999900"/>
        </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>6679.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>487459.64000000</valUSD>
        <pctVal>0.260783634597</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>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>1837.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>144978.50000000</valUSD>
        <pctVal>0.077561334449</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>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>16525.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>48971.27000000</valUSD>
        <pctVal>0.026198898808</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>680.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>140233.07000000</valUSD>
        <pctVal>0.075022600199</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>23870.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>783962.24000000</valUSD>
        <pctVal>0.419408101836</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>4748.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>41743.07000000</valUSD>
        <pctVal>0.022331919651</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>2135.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>234284.47000000</valUSD>
        <pctVal>0.125338695971</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>105441.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>86986.51000000</valUSD>
        <pctVal>0.046536485028</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>41612.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>200460.41000000</valUSD>
        <pctVal>0.107243328519</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>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>9269.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>156272.50000000</valUSD>
        <pctVal>0.083603455944</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>29069.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>319748.21000000</valUSD>
        <pctVal>0.171060521769</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>24313.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>86408.70000000</valUSD>
        <pctVal>0.046227365299</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>5308.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>250390.19000000</valUSD>
        <pctVal>0.133955015877</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>12145.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>83711.02000000</valUSD>
        <pctVal>0.044784146747</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>50083.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>141480.29000000</valUSD>
        <pctVal>0.075689844291</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>16358.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>184083.12000000</valUSD>
        <pctVal>0.098481722715</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>1736.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>56397.28000000</valUSD>
        <pctVal>0.030171703363</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>182.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>42428.27000000</valUSD>
        <pctVal>0.022698491428</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>7196.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>42183.49000000</valUSD>
        <pctVal>0.022567537780</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="42183.48999900"/>
        </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>7137.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>89714.15000000</valUSD>
        <pctVal>0.047995731732</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>14493.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>160542.46000000</valUSD>
        <pctVal>0.085887820837</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>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>11050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>55333.53000000</valUSD>
        <pctVal>0.029602612984</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>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>16076.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>687753.70000000</valUSD>
        <pctVal>0.367937968348</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>2039.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>74540.34000000</valUSD>
        <pctVal>0.039877969772</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>4007.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>150838.09000000</valUSD>
        <pctVal>0.080696127675</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>4950.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>168741.92000000</valUSD>
        <pctVal>0.090274409603</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>21063.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>39802.77000000</valUSD>
        <pctVal>0.021293888100</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>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>50198.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>108453.95000000</valUSD>
        <pctVal>0.058021245138</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>23451.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>380948.71000000</valUSD>
        <pctVal>0.203801876169</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>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>5370.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>222514.11000000</valUSD>
        <pctVal>0.119041728982</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>11011.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>111452.28000000</valUSD>
        <pctVal>0.059625306953</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>Kloeckner &amp; Co SE</name>
        <lei>529900CQ31CN6GV5LL52</lei>
        <title>KLOECKNER CO SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000KC01000"/>
          <other otherDesc="Internal" value="B170DQ6"/>
        </identifiers>
        <balance>4798.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>70683.94000000</valUSD>
        <pctVal>0.037814853309</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>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>11616.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>172435.84000000</valUSD>
        <pctVal>0.092250601690</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>361.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>241736.58000000</valUSD>
        <pctVal>0.129325463637</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>68556.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>586778.74000000</valUSD>
        <pctVal>0.313917871275</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>25798.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>232187.04000000</valUSD>
        <pctVal>0.124216602214</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>74812.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>681147.51000000</valUSD>
        <pctVal>0.364403755262</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>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>3286.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>74184.50000000</valUSD>
        <pctVal>0.039687600681</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>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>6270.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>317159.46000000</valUSD>
        <pctVal>0.169675579142</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>4353.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>184609.69000000</valUSD>
        <pctVal>0.098763429809</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>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>4605.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>177002.51000000</valUSD>
        <pctVal>0.094693702007</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="108084.92033000"/>
        </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>15480.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>158404.33000000</valUSD>
        <pctVal>0.084743953188</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>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>31741.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>108626.77000000</valUSD>
        <pctVal>0.058113701259</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>2615.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>115827.60000000</valUSD>
        <pctVal>0.061966037874</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>39218.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>334826.32000000</valUSD>
        <pctVal>0.179127085656</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>2302.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>190213.06000000</valUSD>
        <pctVal>0.101761149158</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>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>9892.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>833908.93000000</valUSD>
        <pctVal>0.446128835791</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>10991.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>101850.36000000</valUSD>
        <pctVal>0.054488423012</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>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>12220.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>58093.73000000</valUSD>
        <pctVal>0.031079278802</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>6833.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>448185.19000000</valUSD>
        <pctVal>0.239772389814</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>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>8772.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>145133.35000000</valUSD>
        <pctVal>0.077644176888</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>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>13481.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>55123.10000000</valUSD>
        <pctVal>0.029490036074</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>2032.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>102457.72000000</valUSD>
        <pctVal>0.054813351550</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>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>10842.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>63250.13000000</valUSD>
        <pctVal>0.033837875870</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="63250.13000000"/>
        </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"/>
        </identifiers>
        <balance>21953.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>28468.53000000</valUSD>
        <pctVal>0.015230238805</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>19084.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>712077.24000000</valUSD>
        <pctVal>0.380950699346</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"/>
        </identifiers>
        <balance>25897.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>235574.96000000</valUSD>
        <pctVal>0.126029088867</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>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>13119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>117017.74000000</valUSD>
        <pctVal>0.062602745018</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>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>13968.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>444877.93000000</valUSD>
        <pctVal>0.238003055058</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>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>9522.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>69773.76000000</valUSD>
        <pctVal>0.037327920589</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>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>39854.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>479187.93000000</valUSD>
        <pctVal>0.256358393159</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>2994.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>45680.79000000</valUSD>
        <pctVal>0.024438541101</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>178985.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>243797.35000000</valUSD>
        <pctVal>0.130427944841</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>14245.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>40993.08000000</valUSD>
        <pctVal>0.021930686191</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="10943.95810700"/>
        </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>11401.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>433084.83000000</valUSD>
        <pctVal>0.231693922508</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>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>4408.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>225906.98000000</valUSD>
        <pctVal>0.120856863811</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>2306.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>109120.52000000</valUSD>
        <pctVal>0.058377850143</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>8014.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>680954.51000000</valUSD>
        <pctVal>0.364300503141</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>1271.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>643238.84000000</valUSD>
        <pctVal>0.344123182402</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>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>3362.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>27778.50000000</valUSD>
        <pctVal>0.014861083050</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>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>3830.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>110309.22000000</valUSD>
        <pctVal>0.059013786907</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="110309.22000000"/>
        </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>2400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>62391.22000000</valUSD>
        <pctVal>0.033378371835</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>ARGAN SA</name>
        <lei>529900FXM41XSCUSGH04</lei>
        <title>ARGAN SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0010481960"/>
          <other otherDesc="Internal" value="B1YKDN6"/>
        </identifiers>
        <balance>1525.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>109993.84000000</valUSD>
        <pctVal>0.058845063313</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>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"/>
        </identifiers>
        <balance>8901.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>253825.38000000</valUSD>
        <pctVal>0.135792791274</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>KBC ANCORA NV</name>
        <lei>549300I4XZ0RR3ZOSZ55</lei>
        <title>KBC ANCORA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003867844"/>
          <other otherDesc="Internal" value="B1YWXY3"/>
        </identifiers>
        <balance>4584.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>418442.31000000</valUSD>
        <pctVal>0.223860392772</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>Almirall, S.A.</name>
        <lei>95980020140005007996</lei>
        <title>ALMIRALL SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0157097017"/>
          <other otherDesc="Internal" value="B1YY662"/>
        </identifiers>
        <balance>8921.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>132057.47000000</valUSD>
        <pctVal>0.070648776178</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>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"/>
        </identifiers>
        <balance>895.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>179836.18000000</valUSD>
        <pctVal>0.096209673179</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>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"/>
        </identifiers>
        <balance>2692.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>55255.16000000</valUSD>
        <pctVal>0.029560686203</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>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"/>
        </identifiers>
        <balance>3640.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>153641.03000000</valUSD>
        <pctVal>0.082195658755</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>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"/>
        </identifiers>
        <balance>58370.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>141221.14000000</valUSD>
        <pctVal>0.075551202908</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>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"/>
        </identifiers>
        <balance>43056.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>190760.79000000</valUSD>
        <pctVal>0.102054176536</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>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"/>
        </identifiers>
        <balance>2611.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>178135.86000000</valUSD>
        <pctVal>0.095300027347</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>BLUENORD ASA</name>
        <lei>5967007LIEEXZXGE3C16</lei>
        <title>BLUENORD ASA</title>
        <cusip>R6333Z108</cusip>
        <identifiers>
          <isin value="NO0010379266"/>
          <other otherDesc="Internal" value="B23D2M5"/>
        </identifiers>
        <balance>2640.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>168024.03000000</valUSD>
        <pctVal>0.089890349164</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>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>3305.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>68538.51000000</valUSD>
        <pctVal>0.036667080268</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>FAGRON NV</name>
        <lei>549300TRKRUFK2RRG779</lei>
        <title>FAGRON</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0003874915"/>
          <other otherDesc="Internal" value="B281L72"/>
        </identifiers>
        <balance>7926.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>223591.90000000</valUSD>
        <pctVal>0.119618330552</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>8436.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>132815.32000000</valUSD>
        <pctVal>0.071054214621</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>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>11608.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>271646.29000000</valUSD>
        <pctVal>0.145326712240</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>488.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>47134.71000000</valUSD>
        <pctVal>0.025216366609</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="10431.45221300"/>
        </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>2122.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>198349.18000000</valUSD>
        <pctVal>0.106113851968</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>1612.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>165492.59000000</valUSD>
        <pctVal>0.088536066532</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>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>3803.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>39743.47000000</valUSD>
        <pctVal>0.021262163485</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>22381.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>227955.23000000</valUSD>
        <pctVal>0.121952647002</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>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>14897.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>104648.62000000</valUSD>
        <pctVal>0.055985450363</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>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"/>
        </identifiers>
        <balance>2953.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>327114.56000000</valUSD>
        <pctVal>0.175001409114</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="265081.32139500"/>
        </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>1820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>116617.71000000</valUSD>
        <pctVal>0.062388734936</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>ELECNOR, S.A.</name>
        <lei>95980020140005491250</lei>
        <title>ELECNOR SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ES0129743318"/>
          <other otherDesc="Internal" value="B3CTJS6"/>
        </identifiers>
        <balance>4645.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>206451.08000000</valUSD>
        <pctVal>0.110448247590</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>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>20846.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>193590.42000000</valUSD>
        <pctVal>0.103567986368</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>22141.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>113525.76000000</valUSD>
        <pctVal>0.060734587817</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>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>64709.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>174966.46000000</valUSD>
        <pctVal>0.093604445634</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>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>3932.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>171702.38000000</valUSD>
        <pctVal>0.091858211533</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>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>24590.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>531431.39000000</valUSD>
        <pctVal>0.284307864797</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>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>26809.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>146468.57000000</valUSD>
        <pctVal>0.078358499667</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>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>32104.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>228038.36000000</valUSD>
        <pctVal>0.121997120312</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>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>2674.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>87163.97000000</valUSD>
        <pctVal>0.046631423480</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>381.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>161803.01000000</valUSD>
        <pctVal>0.086562196280</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>2529.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>43631.95000000</valUSD>
        <pctVal>0.023342442269</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>REAL GOLD MINING LTD</name>
        <lei>N/A</lei>
        <title>REAL GOLD MINING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG740991057"/>
          <other otherDesc="Internal" value="B4W9262"/>
        </identifiers>
        <balance>27000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>0.03000000</valUSD>
        <pctVal>0.000000016049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</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>264083.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>679769.99000000</valUSD>
        <pctVal>0.363666802614</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>7436.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>148520.51000000</valUSD>
        <pctVal>0.079456256952</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>116747.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>198102.72000000</valUSD>
        <pctVal>0.105981999546</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>263.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>38411.34000000</valUSD>
        <pctVal>0.020549493810</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>224593.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>253965.95000000</valUSD>
        <pctVal>0.135867994127</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>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>53323.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>110120.66000000</valUSD>
        <pctVal>0.058912910121</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>20199.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>377898.72000000</valUSD>
        <pctVal>0.202170177024</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>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>12257.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>156905.26000000</valUSD>
        <pctVal>0.083941973104</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>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>892.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>90317.11000000</valUSD>
        <pctVal>0.048318306336</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>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>5169.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>276498.28000000</valUSD>
        <pctVal>0.147922454499</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>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>5802.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>50588.29000000</valUSD>
        <pctVal>0.027063980382</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="11709.76791900"/>
        </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>39050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>439020.18000000</valUSD>
        <pctVal>0.234869246204</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>28177.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>705666.12000000</valUSD>
        <pctVal>0.377520845799</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>171505.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>311556.14000000</valUSD>
        <pctVal>0.166677886543</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>BOSHIWA INTERNATIONAL HOLDING LTD</name>
        <lei>N/A</lei>
        <title>BOSHIWA INTERNATIONAL HOLDING LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG126231078"/>
          <other otherDesc="Internal" value="B63MHK3"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.83250000"/>
        <valUSD>0.03000000</valUSD>
        <pctVal>0.000000016049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="0.02737500"/>
        </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>12065.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>249052.65000000</valUSD>
        <pctVal>0.133239451933</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>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>5940.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>296208.19000000</valUSD>
        <pctVal>0.158466962281</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>16926.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>77710.13000000</valUSD>
        <pctVal>0.041573760130</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>1357.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>101357.19000000</valUSD>
        <pctVal>0.054224584420</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>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>12867.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>112231.19000000</valUSD>
        <pctVal>0.060042012182</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>2297.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>205636.11000000</valUSD>
        <pctVal>0.110012250799</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>4188.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>319707.54000000</valUSD>
        <pctVal>0.171038763925</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>4015.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>391793.03000000</valUSD>
        <pctVal>0.209603425574</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>35847.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>171575.87000000</valUSD>
        <pctVal>0.091790530571</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>76765.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>206513.38000000</valUSD>
        <pctVal>0.110481577160</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>30802.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>152562.71000000</valUSD>
        <pctVal>0.081618773644</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>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>1373.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>56883.16000000</valUSD>
        <pctVal>0.030431641914</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>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>23479.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>140831.38000000</valUSD>
        <pctVal>0.075342687123</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>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>4948.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>209828.13000000</valUSD>
        <pctVal>0.112254918955</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="209828.13000000"/>
        </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>2939.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>88234.69000000</valUSD>
        <pctVal>0.047204242705</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="71422.36390200"/>
        </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>12769.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>40388.17000000</valUSD>
        <pctVal>0.021607068366</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>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>3855.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>43388.84000000</valUSD>
        <pctVal>0.023212382046</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>128036.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>463563.14000000</valUSD>
        <pctVal>0.247999363628</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>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"/>
        </identifiers>
        <balance>84196.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>142189.70000000</valUSD>
        <pctVal>0.076069368057</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>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"/>
        </identifiers>
        <balance>26732.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>24007.87000000</valUSD>
        <pctVal>0.012843852257</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>Nanobiotix SA</name>
        <lei>969500667RSYIH8YL895</lei>
        <title>NANOBIOTIX SA</title>
        <cusip>F64308111</cusip>
        <identifiers>
          <isin value="FR0011341205"/>
          <other otherDesc="Internal" value="B8X9FN7"/>
        </identifiers>
        <balance>3699.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>124966.53000000</valUSD>
        <pctVal>0.066855229073</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>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>8542.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>445818.92000000</valUSD>
        <pctVal>0.238506470668</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>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>890.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>211299.23000000</valUSD>
        <pctVal>0.113041935506</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>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>17352.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>320890.59000000</valUSD>
        <pctVal>0.171671678025</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>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>4138.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>65784.27000000</valUSD>
        <pctVal>0.035193602961</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="51842.07454500"/>
        </securityLending>
      </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>8347.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>507026.98000000</valUSD>
        <pctVal>0.271251869556</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>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"/>
        </identifiers>
        <balance>6835.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>32472.63000000</valUSD>
        <pctVal>0.017372372564</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="32472.63000000"/>
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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"/>
        </identifiers>
        <balance>31939.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>186967.31000000</valUSD>
        <pctVal>0.100024721334</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>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"/>
        </identifiers>
        <balance>18893.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>65428.51000000</valUSD>
        <pctVal>0.035003276669</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>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"/>
        </identifiers>
        <balance>34205.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>219381.69000000</valUSD>
        <pctVal>0.117365931017</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>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"/>
        </identifiers>
        <balance>21119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>51397.65000000</valUSD>
        <pctVal>0.027496975907</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>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"/>
        </identifiers>
        <balance>876.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>347309.32000000</valUSD>
        <pctVal>0.185805304412</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>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"/>
        </identifiers>
        <balance>5408.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>48301.41000000</valUSD>
        <pctVal>0.025840533702</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="33841.35401000"/>
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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"/>
        </identifiers>
        <balance>190224.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>545528.88000000</valUSD>
        <pctVal>0.291849811615</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>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"/>
        </identifiers>
        <balance>35121.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>155798.30000000</valUSD>
        <pctVal>0.083349766019</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"/>
        </identifiers>
        <balance>4395.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>64167.88000000</valUSD>
        <pctVal>0.034328858427</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>OCI N.V.</name>
        <lei>549300NCMRGIBJYUOE57</lei>
        <title>OCI NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0010558797"/>
          <other otherDesc="Internal" value="BD4TZK8"/>
        </identifiers>
        <balance>12281.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>51995.06000000</valUSD>
        <pctVal>0.027816581343</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>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"/>
        </identifiers>
        <balance>36245.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>587324.98000000</valUSD>
        <pctVal>0.314210101525</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="587324.98000000"/>
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      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>60959.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>150958.92000000</valUSD>
        <pctVal>0.080760769922</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>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"/>
        </identifiers>
        <balance>18860.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>71478.79000000</valUSD>
        <pctVal>0.038240086200</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>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"/>
        </identifiers>
        <balance>123930.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>45100.84000000</valUSD>
        <pctVal>0.024128276504</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="4023.15650900"/>
        </securityLending>
      </invstOrSec>
      <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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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sdiptech AB (publ)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vitec Software Group AB (publ)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>X-FAB SILICON FOUNDRIES EUROPESE VENNOOTSCHAP</name>
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        <invCountry>BE</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Neinor Homes, S.A.</name>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>ES</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AMBU A/S</name>
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          <isin value="DK0060946788"/>
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        <invCountry>DK</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TECHNOGYM S.P.A.</name>
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          <isin value="IT0005162406"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Basic-Fit N.V.</name>
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        <cusip>N/A</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JOST Werke SE</name>
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        <cusip>N/A</cusip>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VALEO SE</name>
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        <cusip>N/A</cusip>
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          <isin value="FR0013176526"/>
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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>Kuros Biosciences AG</name>
        <lei>N/A</lei>
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        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>XPS PENSIONS GROUP PLC</name>
        <lei>2138004Y8OBPJEAACJ11</lei>
        <title>XPS PENSIONS GROUP PLC</title>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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        <name>Oxford Biomedica PLC</name>
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        <title>OXB</title>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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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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        <name>AcadeMedia AB</name>
        <lei>549300H47PGHY4JNKO68</lei>
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        <invCountry>SE</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Alfa Financial Software Holdings PLC</name>
        <lei>213800C5UOZHUTNUGA28</lei>
        <title>ALFA FINANCIAL SOFTWARE HOLDINGS PLC</title>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>TIKEHAU CAPITAL SCA</name>
        <lei>969500BY8TEU16U3SJ94</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>RUBIS SCA</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Bilia AB</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BioArctic AB</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ODFJELL DRILLING LTD</name>
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        <title>ODFJELL DRILLING LTD</title>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Befesa S.A.</name>
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        <title>BEFESA SA</title>
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        <invCountry>LU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Aroundtown SA</name>
        <lei>529900H4DWG3KWMBMQ39</lei>
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        <balance>89464.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>258667.40000000</valUSD>
        <pctVal>0.138383199732</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>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>17752.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>83699.20000000</valUSD>
        <pctVal>0.044777823224</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="83699.20000000"/>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>24731.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>65280.88000000</valUSD>
        <pctVal>0.034924296822</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>WAVESTONE SA</name>
        <lei>969500GSN25I3B3X6F94</lei>
        <title>WAVESTONE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013357621"/>
          <other otherDesc="Internal" value="BF1HKP9"/>
        </identifiers>
        <balance>886.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>47813.56000000</valUSD>
        <pctVal>0.025579541231</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>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"/>
        </identifiers>
        <balance>3006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>751083.15000000</valUSD>
        <pctVal>0.401818279235</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>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"/>
        </identifiers>
        <balance>43323.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>103047.65000000</valUSD>
        <pctVal>0.055128955299</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>Mips AB</name>
        <lei>549300LZSA4S0L54VQ25</lei>
        <title>MIPS AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0009216278"/>
          <other otherDesc="Internal" value="BF2CVV6"/>
        </identifiers>
        <balance>3251.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>96387.34000000</valUSD>
        <pctVal>0.051565788819</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>AAK AB (publ)</name>
        <lei>549300GK4LGIDDWJWL07</lei>
        <title>AAK AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0011337708"/>
          <other otherDesc="Internal" value="BF2FPV3"/>
        </identifiers>
        <balance>21514.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>617128.22000000</valUSD>
        <pctVal>0.330154390267</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>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"/>
        </identifiers>
        <balance>73967.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>189248.74000000</valUSD>
        <pctVal>0.101245252345</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>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"/>
        </identifiers>
        <balance>145275.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>165460.61000000</valUSD>
        <pctVal>0.088518957709</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>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"/>
        </identifiers>
        <balance>6576.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>158760.03000000</valUSD>
        <pctVal>0.084934247381</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>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"/>
        </identifiers>
        <balance>3124.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>209506.11000000</valUSD>
        <pctVal>0.112082643059</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>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>23465.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>474585.33000000</valUSD>
        <pctVal>0.253896070829</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>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>4126.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>619835.65000000</valUSD>
        <pctVal>0.331602824923</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>3462.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>184441.85000000</valUSD>
        <pctVal>0.098673637913</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>18318.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>327031.92000000</valUSD>
        <pctVal>0.174957197947</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>28266.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>233573.37000000</valUSD>
        <pctVal>0.124958268080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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>41212.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>173396.93000000</valUSD>
        <pctVal>0.092764770501</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>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>416.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>38473.18000000</valUSD>
        <pctVal>0.020582577287</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>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>218566.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>617686.10000000</valUSD>
        <pctVal>0.330452847743</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>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>19533.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>141746.61000000</valUSD>
        <pctVal>0.075832321518</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>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>23254.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>195376.30000000</valUSD>
        <pctVal>0.104523405523</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"/>
        </identifiers>
        <balance>1838.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>76579.47000000</valUSD>
        <pctVal>0.040968873899</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>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>6372.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>142397.91000000</valUSD>
        <pctVal>0.076180757300</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>3556.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>434857.36000000</valUSD>
        <pctVal>0.232642199613</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>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>6576.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>36089.52000000</valUSD>
        <pctVal>0.019307354751</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>4753.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>271516.13000000</valUSD>
        <pctVal>0.145257078582</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="2285.00845700"/>
        </securityLending>
      </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>1969.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>57034.40000000</valUSD>
        <pctVal>0.030512553057</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="48431.44581000"/>
        </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>3988.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>61421.96000000</valUSD>
        <pctVal>0.032859832196</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="49716.67173500"/>
        </securityLending>
      </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>17603.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>167653.92000000</valUSD>
        <pctVal>0.089692345836</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>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>1575.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>85677.89000000</valUSD>
        <pctVal>0.045836392852</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>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>4190.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>76714.44000000</valUSD>
        <pctVal>0.041041080835</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="55585.92836200"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>8686.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>98945.83000000</valUSD>
        <pctVal>0.052934542797</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>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"/>
        </identifiers>
        <balance>40477.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>286411.15000000</valUSD>
        <pctVal>0.153225692051</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>FDJ UNITED</name>
        <lei>969500R4CLSQFTYYI535</lei>
        <title>FDJ UNITED</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013451333"/>
          <other otherDesc="Internal" value="BG0SC10"/>
        </identifiers>
        <balance>13030.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>353986.99000000</valUSD>
        <pctVal>0.189377758233</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>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"/>
        </identifiers>
        <balance>1123.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>97234.33000000</valUSD>
        <pctVal>0.052018915832</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>ELKEM ASA</name>
        <lei>549300CVBE06T0SH6T76</lei>
        <title>ELKEM ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010816093"/>
          <other otherDesc="Internal" value="BG0T3J8"/>
        </identifiers>
        <balance>32793.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>95922.19000000</valUSD>
        <pctVal>0.051316940509</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>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>16406.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>199469.05000000</valUSD>
        <pctVal>0.106712965710</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>5947.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>181472.06000000</valUSD>
        <pctVal>0.097084844572</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>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>265420.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>544800.90000000</valUSD>
        <pctVal>0.291460353176</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>92162.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>199275.56000000</valUSD>
        <pctVal>0.106609451447</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>90643.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>534566.12000000</valUSD>
        <pctVal>0.285984898577</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>6000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>236124.08000000</valUSD>
        <pctVal>0.126322859874</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>29167.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1110914.52000000</valUSD>
        <pctVal>0.594322693572</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>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>9163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>68934.11000000</valUSD>
        <pctVal>0.036878720366</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>4377.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>75883.00000000</valUSD>
        <pctVal>0.040596272840</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>1431.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>41847.95000000</valUSD>
        <pctVal>0.022388028886</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>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>7136.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>53407.45000000</valUSD>
        <pctVal>0.028572188921</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>121344.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>393923.12000000</valUSD>
        <pctVal>0.210742991943</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>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>17537.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>457913.00000000</valUSD>
        <pctVal>0.244976623027</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>3583.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>39108.24000000</valUSD>
        <pctVal>0.020922324912</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>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>136489.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>471617.54000000</valUSD>
        <pctVal>0.252308347458</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>61884.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>294974.96000000</valUSD>
        <pctVal>0.157807202631</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>61568.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>77461.94000000</valUSD>
        <pctVal>0.041440982182</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>26940.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>131531.39000000</valUSD>
        <pctVal>0.070367331227</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>53800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>131775.00000000</valUSD>
        <pctVal>0.070497658942</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>6393.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>186765.55000000</valUSD>
        <pctVal>0.099916782744</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>18116.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>101220.69000000</valUSD>
        <pctVal>0.054151558957</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>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>4424.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>50983.03000000</valUSD>
        <pctVal>0.027275160393</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>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"/>
        </identifiers>
        <balance>25916.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>181383.83000000</valUSD>
        <pctVal>0.097037642838</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>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"/>
        </identifiers>
        <balance>15734.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>610264.72000000</valUSD>
        <pctVal>0.326482520169</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"/>
        </identifiers>
        <balance>74424.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>105728.43000000</valUSD>
        <pctVal>0.056563132602</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>32275.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>94713.60000000</valUSD>
        <pctVal>0.050670362891</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>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>50409.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>6790.81000000</valUSD>
        <pctVal>0.003632982032</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>Frequentis AG</name>
        <lei>529900N7I4DSM16GF659</lei>
        <title>FREQUENTIS AG</title>
        <cusip>A2R5AC107</cusip>
        <identifiers>
          <isin value="ATFREQUENT09"/>
          <other otherDesc="Internal" value="BJRF8X9"/>
        </identifiers>
        <balance>389.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>33545.31000000</valUSD>
        <pctVal>0.017946240360</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>39007.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>46656.23000000</valUSD>
        <pctVal>0.024960386948</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>2306.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>45630.51000000</valUSD>
        <pctVal>0.024411642051</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="45630.51000000"/>
        </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>92912.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>252607.10000000</valUSD>
        <pctVal>0.135141029651</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>14912.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>539042.52000000</valUSD>
        <pctVal>0.288379705790</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>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>832.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>150779.04000000</valUSD>
        <pctVal>0.080664536806</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>4386.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>1067087.98000000</valUSD>
        <pctVal>0.570876148555</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>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>16769.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>78133.30000000</valUSD>
        <pctVal>0.041800149766</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>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>23445.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>616233.21000000</valUSD>
        <pctVal>0.329675573270</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>25324.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>179879.25000000</valUSD>
        <pctVal>0.096232714986</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>4149.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>102239.98000000</valUSD>
        <pctVal>0.054696863899</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>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>46568.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>150941.14000000</valUSD>
        <pctVal>0.080751257887</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>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>717.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>139394.06000000</valUSD>
        <pctVal>0.074573742367</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="139394.06000000"/>
        </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>16534.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>606543.32000000</valUSD>
        <pctVal>0.324491626692</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>1668.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>65204.48000000</valUSD>
        <pctVal>0.034883423961</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>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>80260.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>254641.77000000</valUSD>
        <pctVal>0.136229547744</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>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>4756.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>27095.46000000</valUSD>
        <pctVal>0.014495666841</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>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>24136.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>395913.46000000</valUSD>
        <pctVal>0.211807794148</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>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"/>
        </identifiers>
        <balance>29235.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>103036.17000000</valUSD>
        <pctVal>0.055122813670</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>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"/>
        </identifiers>
        <balance>5617.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>100488.51000000</valUSD>
        <pctVal>0.053759853581</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>FastPartner AB</name>
        <lei>549300BG6SL5QQ7LQW56</lei>
        <title>FASTPARTNER AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0013512506"/>
          <other otherDesc="Internal" value="BKTNZS2"/>
        </identifiers>
        <balance>4900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>21016.49000000</valUSD>
        <pctVal>0.011243508588</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>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"/>
        </identifiers>
        <balance>26184.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>131695.82000000</valUSD>
        <pctVal>0.070455298824</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>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"/>
        </identifiers>
        <balance>19426.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>171903.97000000</valUSD>
        <pctVal>0.091966059176</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>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"/>
        </identifiers>
        <balance>5578.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>115125.36000000</valUSD>
        <pctVal>0.061590349952</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>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"/>
        </identifiers>
        <balance>15638.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>334019.67000000</valUSD>
        <pctVal>0.178695539941</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>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"/>
        </identifiers>
        <balance>71528.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>60540.33000000</valUSD>
        <pctVal>0.032388173300</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>Puuilo Oyj</name>
        <lei>743700UJUT6FWHBXPR69</lei>
        <title>PUUILO OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000507124"/>
          <other otherDesc="Internal" value="BL979V2"/>
        </identifiers>
        <balance>9490.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>144793.16000000</valUSD>
        <pctVal>0.077462180314</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>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"/>
        </identifiers>
        <balance>30247.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>103216.49000000</valUSD>
        <pctVal>0.055219282180</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>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"/>
        </identifiers>
        <balance>6511.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>28197.63000000</valUSD>
        <pctVal>0.015085311346</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>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"/>
        </identifiers>
        <balance>9521.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>52821.94000000</valUSD>
        <pctVal>0.028258949806</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>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"/>
        </identifiers>
        <balance>1595.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>41379.27000000</valUSD>
        <pctVal>0.022137292079</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>Wallenstam AB</name>
        <lei>21380081R2P9MKFQBD25</lei>
        <title>WALLENSTAM AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017780133"/>
          <other otherDesc="Internal" value="BLDB2F5"/>
        </identifiers>
        <balance>44886.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>190882.17000000</valUSD>
        <pctVal>0.102119113025</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>Addnode Group Aktiebolag (publ)</name>
        <lei>213800CQXEA3W1YWXZ31</lei>
        <title>ADDNODE GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017885767"/>
          <other otherDesc="Internal" value="BLDB374"/>
        </identifiers>
        <balance>14954.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>77727.16000000</valUSD>
        <pctVal>0.041582870925</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>NOBA Bank Group AB (publ)</name>
        <lei>21380057HUGFEAF25W84</lei>
        <title>NOBA BANK GROUP AB</title>
        <cusip>W6S06Q108</cusip>
        <identifiers>
          <isin value="SE0023135298"/>
          <other otherDesc="Internal" value="BLDCLN9"/>
        </identifiers>
        <balance>20518.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>188007.13000000</valUSD>
        <pctVal>0.100581009520</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>OSB GROUP PLC</name>
        <lei>213800ZBKL9BHSL2K459</lei>
        <title>OSB GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BLDRH360"/>
          <other otherDesc="Internal" value="BLDRH36"/>
        </identifiers>
        <balance>42561.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>305960.53000000</valUSD>
        <pctVal>0.163684318678</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>eDreams ODIGEO S.A.</name>
        <lei>959800Y8LQ5MR2YZ4N96</lei>
        <title>EDREAMS ODIGEO SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU1048328220"/>
          <other otherDesc="Internal" value="BLG2YZ9"/>
        </identifiers>
        <balance>10556.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>43112.48000000</valUSD>
        <pctVal>0.023064533570</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="34821.61846100"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>19300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>581541.04000000</valUSD>
        <pctVal>0.311115779921</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>W.A.G PAYMENT SOLUTIONS PLC</name>
        <lei>213800HU63CWV5J8YK95</lei>
        <title>WAG PAYMENT SOLUTIONS PLC</title>
        <cusip>G9417Z103</cusip>
        <identifiers>
          <isin value="GB00BLGXWY71"/>
          <other otherDesc="Internal" value="BLGXWY7"/>
        </identifiers>
        <balance>24358.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>38249.49000000</valUSD>
        <pctVal>0.020462906475</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>SWECO AB (publ)</name>
        <lei>549300Q4Y55VICYV6U90</lei>
        <title>SWECO AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0014960373"/>
          <other otherDesc="Internal" value="BLN9XH8"/>
        </identifiers>
        <balance>25313.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>345996.65000000</valUSD>
        <pctVal>0.185103045547</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>Bossard Holding AG</name>
        <lei>5067001959OEPG6X8016</lei>
        <title>BOSSARD HOLDING AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0238627142"/>
          <other otherDesc="Internal" value="BLNN0G8"/>
        </identifiers>
        <balance>679.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>138606.90000000</valUSD>
        <pctVal>0.074152623512</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>WIIT S.P.A.</name>
        <lei>815600AB2BDB42BC0E81</lei>
        <title>WIIT SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005440893"/>
          <other otherDesc="Internal" value="BLPK799"/>
        </identifiers>
        <balance>1411.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>50244.49000000</valUSD>
        <pctVal>0.026880052512</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>OVH GROUPE SA</name>
        <lei>9695001J8OSOVX4TP939</lei>
        <title>OVH GROUPE SA</title>
        <cusip>F97637106</cusip>
        <identifiers>
          <isin value="FR0014005HJ9"/>
          <other otherDesc="Internal" value="BLPLBD4"/>
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        <balance>3599.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>43971.48000000</valUSD>
        <pctVal>0.023524085754</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="43971.47999900"/>
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      </invstOrSec>
      <invstOrSec>
        <name>SFS Group AG</name>
        <lei>391200RQ38WAM4BJBO16</lei>
        <title>SFS GROUP AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0239229302"/>
          <other otherDesc="Internal" value="BLWF8B6"/>
        </identifiers>
        <balance>2043.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>311260.40000000</valUSD>
        <pctVal>0.166519670055</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>MilDef Group AB</name>
        <lei>N/A</lei>
        <title>MILDEF GROUP AB</title>
        <cusip>W5750L117</cusip>
        <identifiers>
          <isin value="SE0016074249"/>
          <other otherDesc="Internal" value="BM8H426"/>
        </identifiers>
        <balance>4682.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>87780.37000000</valUSD>
        <pctVal>0.046961188284</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="3374.72588600"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Georg Fischer AG</name>
        <lei>529900CMRQYW4U1W2456</lei>
        <title>GEORG FISCHER AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1169151003"/>
          <other otherDesc="Internal" value="BM8J5G3"/>
        </identifiers>
        <balance>9156.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>500842.90000000</valUSD>
        <pctVal>0.267943479021</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>BREEDON GROUP PLC</name>
        <lei>213800DQGNQE3X76WS92</lei>
        <title>BREEDON GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BM8NFJ84"/>
          <other otherDesc="Internal" value="BM8NFJ8"/>
        </identifiers>
        <balance>32467.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>135365.87000000</valUSD>
        <pctVal>0.072418720817</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>Storskogen Group AB (publ)</name>
        <lei>549300DL3K4HLJ41KD24</lei>
        <title>STORSKOGEN GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0016797732"/>
          <other otherDesc="Internal" value="BM8SL28"/>
        </identifiers>
        <balance>172242.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>170195.20000000</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>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LOUIS HACHETTE GROUP SA</name>
        <lei>N/A</lei>
        <title>LOUIS HACHETTE GROUP</title>
        <cusip>F5899T103</cusip>
        <identifiers>
          <isin value="FR001400TL40"/>
          <other otherDesc="Internal" value="BM8X1W3"/>
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        <balance>75556.00000000</balance>
        <units>NS</units>
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        <valUSD>146878.74000000</valUSD>
        <pctVal>0.078577934497</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>LINK MOBILITY GROUP HOLDING ASA</name>
        <lei>2549006RH08XJGKC2Y14</lei>
        <title>LINK MOBILITY GROUP HOLDING ASA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NO0010894231"/>
          <other otherDesc="Internal" value="BM99YX2"/>
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        <balance>30973.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>82708.78000000</valUSD>
        <pctVal>0.044247963301</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>
      <invstOrSec>
        <name>WEBUILD SPA</name>
        <lei>549300UKR289DF4UXQ47</lei>
        <title>WEBUILD SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005454423"/>
          <other otherDesc="Internal" value="BM9STB2"/>
        </identifiers>
        <balance>5910.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
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        <pctVal>0.000000037448</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="WARRANT" issuerCat="OTHER"/>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>WEBUILD SPA</issuerName>
                <issueTitle>WEBUILD SPA</issueTitle>
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                  <other otherDesc="OTHER" value="B09MRX8"/>
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            </descRefInstrmnt>
            <shareNo>5910.00000000</shareNo>
            <exercisePrice>0.00000100</exercisePrice>
            <exercisePriceCurCd>N/A</exercisePriceCurCd>
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            <unrealizedAppr>0.07000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <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"/>
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        <balance>8047.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>480543.96000000</valUSD>
        <pctVal>0.257083848977</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>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>7163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>80175.93000000</valUSD>
        <pctVal>0.042892926340</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>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>66363.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>263917.53000000</valUSD>
        <pctVal>0.141191940951</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>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>34985.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>45660.20000000</valUSD>
        <pctVal>0.024427525758</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>15461.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>59659.86000000</valUSD>
        <pctVal>0.031917134986</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>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"/>
        </identifiers>
        <balance>10081.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>640698.15000000</valUSD>
        <pctVal>0.342763951158</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="608094.42507600"/>
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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"/>
        </identifiers>
        <balance>9542.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>52002.02000000</valUSD>
        <pctVal>0.027820304840</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>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>88266.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>379781.29000000</valUSD>
        <pctVal>0.203177323887</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>Creades publ AB</name>
        <lei>549300MYLGD0VKNGTJ47</lei>
        <title>CREADES AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015661236"/>
          <other otherDesc="Internal" value="BMF1JN7"/>
        </identifiers>
        <balance>6099.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>46980.25000000</valUSD>
        <pctVal>0.025133732813</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>12345.00000000</balance>
        <units>NS</units>
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        <pctVal>0.094453333210</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>Yubico AB</name>
        <lei>549300I9RBIU9DW59H39</lei>
        <title>YUBICO AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015657788"/>
          <other otherDesc="Internal" value="BMFNNR5"/>
        </identifiers>
        <balance>5573.00000000</balance>
        <units>NS</units>
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        <valUSD>25762.17000000</valUSD>
        <pctVal>0.013782376583</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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      <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"/>
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        <balance>3706.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>97441.17000000</valUSD>
        <pctVal>0.052129572146</pctVal>
        <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>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"/>
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        <balance>33154.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>222881.08000000</valUSD>
        <pctVal>0.119238052457</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>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"/>
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        <balance>25634.00000000</balance>
        <units>NS</units>
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        <pctVal>0.056207116081</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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      <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"/>
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        <balance>17178.00000000</balance>
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        <valUSD>624843.33000000</valUSD>
        <pctVal>0.334281859009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>2824.00000000</balance>
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        <valUSD>29014.72000000</valUSD>
        <pctVal>0.015522442306</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>
      <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"/>
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        <balance>25746.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>341121.42000000</valUSD>
        <pctVal>0.182494870234</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>
        <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"/>
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        <balance>522.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>91125.36000000</valUSD>
        <pctVal>0.048750708027</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>22603.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>202511.77000000</valUSD>
        <pctVal>0.108340775513</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>974.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>49491.41000000</valUSD>
        <pctVal>0.026477165947</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="40345.15353100"/>
        </securityLending>
      </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>34153.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>98152.43000000</valUSD>
        <pctVal>0.052510085634</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>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>13553.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>57563.71000000</valUSD>
        <pctVal>0.030795726010</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>THG PLC</name>
        <lei>21380066N3SV9O8IDP37</lei>
        <title>THG PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BMTV7393"/>
          <other otherDesc="Internal" value="BMTV739"/>
        </identifiers>
        <balance>72251.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>30595.79000000</valUSD>
        <pctVal>0.016368291166</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>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"/>
        </identifiers>
        <balance>13953.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>148528.56000000</valUSD>
        <pctVal>0.079460563582</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>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>8020.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>371607.16000000</valUSD>
        <pctVal>0.198804286293</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>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>7757.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>38614.37000000</valUSD>
        <pctVal>0.020658111831</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="38614.37000000"/>
        </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>5410.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>83375.55000000</valUSD>
        <pctVal>0.044604675303</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>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>13892.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>216607.92000000</valUSD>
        <pctVal>0.115882005452</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>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"/>
        </identifiers>
        <balance>1489.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>167908.27000000</valUSD>
        <pctVal>0.089828419291</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>MONDI PLC</name>
        <lei>213800LOZA69QFDC9N34</lei>
        <title>MONDI PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BMWC6P49"/>
          <other otherDesc="Internal" value="BMWC6P4"/>
        </identifiers>
        <balance>52383.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>541190.32000000</valUSD>
        <pctVal>0.289528746746</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>Betsson AB</name>
        <lei>549300W61XW8OFGBG077</lei>
        <title>BETSSON AB</title>
        <cusip>W1556V193</cusip>
        <identifiers>
          <isin value="SE0022726485"/>
          <other otherDesc="Internal" value="BMWC784"/>
        </identifiers>
        <balance>13475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>137045.03000000</valUSD>
        <pctVal>0.073317046364</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>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>23694.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>626551.76000000</valUSD>
        <pctVal>0.335195843569</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>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>38660.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>78489.02000000</valUSD>
        <pctVal>0.041990454659</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>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"/>
        </identifiers>
        <balance>29759.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>874967.70000000</valUSD>
        <pctVal>0.468094665152</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>Nolato Aktiebolag</name>
        <lei>213800T7T7I7WAOX8Y72</lei>
        <title>NOLATO AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015962477"/>
          <other otherDesc="Internal" value="BMXT8K3"/>
        </identifiers>
        <balance>22436.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>120530.24000000</valUSD>
        <pctVal>0.064481880112</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>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"/>
        </identifiers>
        <balance>3955.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>359574.03000000</valUSD>
        <pctVal>0.192366741275</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>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"/>
        </identifiers>
        <balance>152130.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>824248.41000000</valUSD>
        <pctVal>0.440960601724</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>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"/>
        </identifiers>
        <balance>24670.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>169896.40000000</valUSD>
        <pctVal>0.090892039178</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>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"/>
        </identifiers>
        <balance>2874.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>102472.72000000</valUSD>
        <pctVal>0.054821376327</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>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"/>
        </identifiers>
        <balance>893.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>203778.84000000</valUSD>
        <pctVal>0.109018639059</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>AUMOVIO SE</name>
        <lei>391200IGI9RQ7VTOK384</lei>
        <title>AUMOVIO SE</title>
        <cusip>D0R9B8108</cusip>
        <identifiers>
          <isin value="DE000AUM0V10"/>
          <other otherDesc="Internal" value="BMYPLM3"/>
        </identifiers>
        <balance>6461.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>280203.80000000</valUSD>
        <pctVal>0.149904852413</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>Eurocommercial Properties N.V.</name>
        <lei>724500SFK53FPNM68L95</lei>
        <title>EUROCOMMERCIAL PROPERTIES NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015000K93"/>
          <other otherDesc="Internal" value="BMZ4R21"/>
        </identifiers>
        <balance>5172.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>169671.58000000</valUSD>
        <pctVal>0.090771763833</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>Gubra A/S</name>
        <lei>254900T17RRFZONO6W53</lei>
        <title>GUBRA A S</title>
        <cusip>K4272R119</cusip>
        <identifiers>
          <isin value="DK0062266474"/>
          <other otherDesc="Internal" value="BMZQSP7"/>
        </identifiers>
        <balance>743.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>37140.75000000</valUSD>
        <pctVal>0.019869747117</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>Fugro N.V.</name>
        <lei>7245000R8GNBSDTSZ396</lei>
        <title>FUGRO NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL00150003E1"/>
          <other otherDesc="Internal" value="BN0TYP0"/>
        </identifiers>
        <balance>13300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>192871.13000000</valUSD>
        <pctVal>0.103183176950</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>Ferrari Group PLC</name>
        <lei>N/A</lei>
        <title>FERRARI GROUP PLC</title>
        <cusip>G33835102</cusip>
        <identifiers>
          <isin value="GB00BN0VZ646"/>
          <other otherDesc="Internal" value="BN0VZ64"/>
        </identifiers>
        <balance>3205.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>30618.99000000</valUSD>
        <pctVal>0.016380702820</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>Conduit Holdings Ltd</name>
        <lei>21380085AE62D1BXSF19</lei>
        <title>CONDUIT HOLDINGS LTD</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG243851091"/>
          <other otherDesc="Internal" value="BN133N2"/>
        </identifiers>
        <balance>15872.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>95354.37000000</valUSD>
        <pctVal>0.051013165281</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>Hemnet Group AB (publ)</name>
        <lei>5493008VIU67J3HUAR07</lei>
        <title>HEMNET GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0015671995"/>
          <other otherDesc="Internal" value="BN2RJ91"/>
        </identifiers>
        <balance>10171.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>131851.02000000</valUSD>
        <pctVal>0.070538328508</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>KINEPOLIS GROUP NV</name>
        <lei>5493002BJQRO0S06F161</lei>
        <title>KINEPOLIS GROUP NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BE0974274061"/>
          <other otherDesc="Internal" value="BN3ZYS8"/>
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        <balance>1566.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>56283.73000000</valUSD>
        <pctVal>0.030110955807</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>VOLUTION GROUP PLC</name>
        <lei>213800EPT84EQCDHO768</lei>
        <title>VOLUTION GROUP PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BN3ZZ526"/>
          <other otherDesc="Internal" value="BN3ZZ52"/>
        </identifiers>
        <balance>23569.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>196919.07000000</valUSD>
        <pctVal>0.105348764455</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>ELIOR GROUP SA</name>
        <lei>969500LYSYS0E800SQ95</lei>
        <title>ELIOR GROUP SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0011950732"/>
          <other otherDesc="Internal" value="BN40H61"/>
        </identifiers>
        <balance>13794.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>42818.93000000</valUSD>
        <pctVal>0.022907488699</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>Baltic Classifieds Group PLC</name>
        <lei>213800I1RPHCFSSQS969</lei>
        <title>BALTIC CLASSIFIEDS GROUP PLC</title>
        <cusip>G07167102</cusip>
        <identifiers>
          <isin value="GB00BN44P254"/>
          <other otherDesc="Internal" value="BN44P25"/>
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        <balance>54319.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>143616.00000000</valUSD>
        <pctVal>0.076832417277</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>AutoStore Holdings Ltd.</name>
        <lei>549300KYN3M0LSM5A413</lei>
        <title>AUTOSTORE HOLDINGS LTD</title>
        <cusip>G0670A109</cusip>
        <identifiers>
          <isin value="BMG0670A1099"/>
          <other otherDesc="Internal" value="BN49G27"/>
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        <balance>141301.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>181143.79000000</valUSD>
        <pctVal>0.096909225019</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>Dynavox Group AB</name>
        <lei>5493008X1XZR4R5R0P66</lei>
        <title>DYNAVOX GROUP AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017105620"/>
          <other otherDesc="Internal" value="BN4F6F8"/>
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        <balance>12284.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>109175.44000000</valUSD>
        <pctVal>0.058407231523</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>Technoprobe SpA</name>
        <lei>8156007154CD8334D053</lei>
        <title>TECHNOPROBE SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005482333"/>
          <other otherDesc="Internal" value="BN6PV62"/>
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        <balance>15306.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>332192.39000000</valUSD>
        <pctVal>0.177717972404</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>AFRY AB</name>
        <lei>549300Q87LKPPD4X9R30</lei>
        <title>AFRY AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0005999836"/>
          <other otherDesc="Internal" value="BN791J6"/>
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        <balance>11526.00000000</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>ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC</name>
        <lei>213800167WOVOK5ZC776</lei>
        <title>ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BN7CG237"/>
          <other otherDesc="Internal" value="BN7CG23"/>
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        <balance>33176.00000000</balance>
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        <pctVal>0.009885069122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>10352.00000000</balance>
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        <pctVal>0.075519756485</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>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>7788.00000000</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>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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>2004.00000000</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>
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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>4904.00000000</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>
      <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>15842.00000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>66757.00000000</balance>
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        <valUSD>93235.71000000</valUSD>
        <pctVal>0.049879713791</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>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"/>
        </identifiers>
        <balance>1797.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>87965.37000000</valUSD>
        <pctVal>0.047060160523</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>TUI AG</name>
        <lei>529900SL2WSPV293B552</lei>
        <title>TUI AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000TUAG505"/>
          <other otherDesc="Internal" value="BNC3GJ8"/>
        </identifiers>
        <balance>53612.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>398968.46000000</valUSD>
        <pctVal>0.213442173568</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>IMCD N.V.</name>
        <lei>724500NSJPNFJPDAUP02</lei>
        <title>IMCD NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0010801007"/>
          <other otherDesc="Internal" value="BNCBD46"/>
        </identifiers>
        <balance>6997.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>822740.44000000</valUSD>
        <pctVal>0.440153860273</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>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"/>
        </identifiers>
        <balance>29276.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>99372.23000000</valUSD>
        <pctVal>0.053162660435</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>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"/>
        </identifiers>
        <balance>16257.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>535846.09000000</valUSD>
        <pctVal>0.286669663430</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>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"/>
        </identifiers>
        <balance>417.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>182811.31000000</valUSD>
        <pctVal>0.097801323340</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>Svolder AB</name>
        <lei>5493006ZVS6SHCKH6I37</lei>
        <title>SVOLDER AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017161458"/>
          <other otherDesc="Internal" value="BNDWX15"/>
        </identifiers>
        <balance>11050.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>61990.05000000</valUSD>
        <pctVal>0.033163751870</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>WORLDLINE SA</name>
        <lei>549300CJMQNCA0U4TS33</lei>
        <title>WORLDLINE SA FRANCE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0011981968"/>
          <other otherDesc="Internal" value="BNFWR44"/>
        </identifiers>
        <balance>160606.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>47377.27000000</valUSD>
        <pctVal>0.025346132590</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="29578.71351400"/>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>12253.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>227217.65000000</valUSD>
        <pctVal>0.121558052706</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>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>46804.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>818470.37000000</valUSD>
        <pctVal>0.437869436531</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>7792.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>367449.25000000</valUSD>
        <pctVal>0.196579866478</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>15422.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>577640.66000000</valUSD>
        <pctVal>0.309029134814</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>164868.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>411691.58000000</valUSD>
        <pctVal>0.220248852941</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>42181.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>149463.82000000</valUSD>
        <pctVal>0.079960913728</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>24978.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>81431.62000000</valUSD>
        <pctVal>0.043564701756</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>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>686.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>148903.31000000</valUSD>
        <pctVal>0.079661049241</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>4695.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>39015.78000000</valUSD>
        <pctVal>0.020872860192</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="31536.71674100"/>
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      </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>30669.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>68024.52000000</valUSD>
        <pctVal>0.036392103287</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>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>11158.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>1195466.08000000</valUSD>
        <pctVal>0.639556516679</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>55230.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>412972.37000000</valUSD>
        <pctVal>0.220934056482</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>INTERCOS S.P.A.</name>
        <lei>8156004C3711C92F7648</lei>
        <title>INTERCOS SPA</title>
        <cusip>T5R00Q176</cusip>
        <identifiers>
          <isin value="IT0005455875"/>
          <other otherDesc="Internal" value="BNT8D28"/>
        </identifiers>
        <balance>6143.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>87381.93000000</valUSD>
        <pctVal>0.046748028828</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>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"/>
        </identifiers>
        <balance>806.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>69137.30000000</valUSD>
        <pctVal>0.036987423984</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>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"/>
        </identifiers>
        <balance>35286.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>361121.62000000</valUSD>
        <pctVal>0.193194678835</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>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"/>
        </identifiers>
        <balance>8712.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>71182.23000000</valUSD>
        <pctVal>0.038081431025</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>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>20711.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>161735.46000000</valUSD>
        <pctVal>0.086526058038</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>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>4131.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>51314.59000000</valUSD>
        <pctVal>0.027452540046</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 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>11142.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>485116.35000000</valUSD>
        <pctVal>0.259530009408</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>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>2819.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>57129.65000000</valUSD>
        <pctVal>0.030563510386</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>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>3802.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>27621.12000000</valUSD>
        <pctVal>0.014776887098</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>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"/>
        </identifiers>
        <balance>7252.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>283322.31000000</valUSD>
        <pctVal>0.151573208736</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>Synsam AB (publ)</name>
        <lei>5493000TMEGW9DHNOQ70</lei>
        <title>SYNSAM AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0016829709"/>
          <other otherDesc="Internal" value="BP4DDM2"/>
        </identifiers>
        <balance>14045.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>86544.37000000</valUSD>
        <pctVal>0.046299946724</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>Bystronic AG</name>
        <lei>529900OG85OX10GRW920</lei>
        <title>BYSTRONIC AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0244017502"/>
          <other otherDesc="Internal" value="BP4W2Q6"/>
        </identifiers>
        <balance>177.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>44082.93000000</valUSD>
        <pctVal>0.023583709841</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>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"/>
        </identifiers>
        <balance>51496.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>78659.61000000</valUSD>
        <pctVal>0.042081717763</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>Kempower Oyj</name>
        <lei>743700EIG9TDB5QNZS09</lei>
        <title>KEMPOWER OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000513593"/>
          <other otherDesc="Internal" value="BP6VMQ1"/>
        </identifiers>
        <balance>2602.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>43801.96000000</valUSD>
        <pctVal>0.023433395083</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>Aktiebolaget Electrolux</name>
        <lei>549300Y3HHZB1ZGFPJ93</lei>
        <title>ELECTROLUX AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0016589188"/>
          <other otherDesc="Internal" value="BP81612"/>
        </identifiers>
        <balance>25453.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>142303.65000000</valUSD>
        <pctVal>0.076130329607</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>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"/>
        </identifiers>
        <balance>44371.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>221647.00000000</valUSD>
        <pctVal>0.118577838070</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>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"/>
        </identifiers>
        <balance>3490.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>117207.93000000</valUSD>
        <pctVal>0.062704493830</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>Logistea AB</name>
        <lei>549300ZSB0ZCKM1SL747</lei>
        <title>LOGISTEA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017131337"/>
          <other otherDesc="Internal" value="BPG98P6"/>
        </identifiers>
        <balance>38553.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>58459.51000000</valUSD>
        <pctVal>0.031274965645</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>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"/>
        </identifiers>
        <balance>9629.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>44456.50000000</valUSD>
        <pctVal>0.023783564217</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>Pluxee N.V.</name>
        <lei>213800RQNIQT48SEEO85</lei>
        <title>PLUXEE NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015001W49"/>
          <other otherDesc="Internal" value="BPK85C5"/>
        </identifiers>
        <balance>10460.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>148632.83000000</valUSD>
        <pctVal>0.079516346477</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="120071.45444500"/>
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      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>13318.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>31792.77000000</valUSD>
        <pctVal>0.017008657608</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="31792.76999800"/>
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      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>26410.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>269541.45000000</valUSD>
        <pctVal>0.144200654244</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>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"/>
        </identifiers>
        <balance>33088.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>292526.59000000</valUSD>
        <pctVal>0.156497361210</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>IONOS Group SE</name>
        <lei>391200NQNTF0AP2MP438</lei>
        <title>IONOS GROUP SE</title>
        <cusip>D3R77H101</cusip>
        <identifiers>
          <isin value="DE000A3E00M1"/>
          <other otherDesc="Internal" value="BPRD664"/>
        </identifiers>
        <balance>5732.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>176440.24000000</valUSD>
        <pctVal>0.094392895946</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="176440.24000000"/>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>27628.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>114548.74000000</valUSD>
        <pctVal>0.061281866855</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>BioGaia AB</name>
        <lei>549300UBUJOY2L7TT361</lei>
        <title>BIOGAIA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0017769995"/>
          <other otherDesc="Internal" value="BPX36K2"/>
        </identifiers>
        <balance>10666.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>137673.58000000</valUSD>
        <pctVal>0.073653311237</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>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"/>
        </identifiers>
        <balance>5676.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>53293.08000000</valUSD>
        <pctVal>0.028511002677</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>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"/>
        </identifiers>
        <balance>13574.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>108353.83000000</valUSD>
        <pctVal>0.057967682431</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>ARYZTA AG</name>
        <lei>549300W2PUDQQVRD8W85</lei>
        <title>ARYZTA AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH1425684714"/>
          <other otherDesc="Internal" value="BQ81G86"/>
        </identifiers>
        <balance>2789.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>223193.11000000</valUSD>
        <pctVal>0.119404983852</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>Pfisterer Holding SE</name>
        <lei>529900APPYG9TGZYS639</lei>
        <title>PFISTERER HOLDING SE</title>
        <cusip>D6S83H105</cusip>
        <identifiers>
          <isin value="DE000PFSE212"/>
          <other otherDesc="Internal" value="BQ81M33"/>
        </identifiers>
        <balance>846.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>102998.65000000</valUSD>
        <pctVal>0.055102741030</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>Finnair Oyj</name>
        <lei>213800SB6EOB8SSK9W63</lei>
        <title>FINNAIR OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000567029"/>
          <other otherDesc="Internal" value="BQ9D7Q6"/>
        </identifiers>
        <balance>10521.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>39598.83000000</valUSD>
        <pctVal>0.021184783243</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>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>4085.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>131461.32000000</valUSD>
        <pctVal>0.070329844822</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>3565.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>272242.08000000</valUSD>
        <pctVal>0.145645451001</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>2919.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>61619.99000000</valUSD>
        <pctVal>0.032965775291</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>35571.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>161869.61000000</valUSD>
        <pctVal>0.086597826287</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>11996.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>192675.45000000</valUSD>
        <pctVal>0.103078491069</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>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>10805.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>132973.03000000</valUSD>
        <pctVal>0.071138587118</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>11422.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>120172.64000000</valUSD>
        <pctVal>0.064290569447</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>14976.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>194783.21000000</valUSD>
        <pctVal>0.104206111222</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>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"/>
        </identifiers>
        <balance>17602.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>261046.21000000</valUSD>
        <pctVal>0.139655827591</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>Inwido AB (publ)</name>
        <lei>529900A9NKQW5UTHBG13</lei>
        <title>INWIDO AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0006220018"/>
          <other otherDesc="Internal" value="BQY78Q0"/>
        </identifiers>
        <balance>6788.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>103637.91000000</valUSD>
        <pctVal>0.055444735592</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>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>4237.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>130328.75000000</valUSD>
        <pctVal>0.069723936770</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>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>8611.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>145534.47000000</valUSD>
        <pctVal>0.077858770104</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>33400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>49266.76000000</valUSD>
        <pctVal>0.026356981549</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="49266.76000000"/>
        </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>841.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>143041.98000000</valUSD>
        <pctVal>0.076525325141</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>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>16188.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>450436.28000000</valUSD>
        <pctVal>0.240976689378</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>28683.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>165173.10000000</valUSD>
        <pctVal>0.088365144149</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>5323.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>60442.28000000</valUSD>
        <pctVal>0.032335718012</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>12324.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>231857.12000000</valUSD>
        <pctVal>0.124040099937</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>11735.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>129743.24000000</valUSD>
        <pctVal>0.069410697656</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>4370.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>76425.56000000</valUSD>
        <pctVal>0.040886534345</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>63024.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>282321.56000000</valUSD>
        <pctVal>0.151037822417</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>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"/>
        </identifiers>
        <balance>801.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>0.01000000</valUSD>
        <pctVal>0.000000005349</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="0.00853900"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>6711.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>57313.62000000</valUSD>
        <pctVal>0.030661931591</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="57313.62000000"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>80469.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>251188.81000000</valUSD>
        <pctVal>0.134382265661</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>Douglas AG</name>
        <lei>529900RLJJSL6ZU4P947</lei>
        <title>DOUGLAS AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000BEAU1Y4"/>
          <other otherDesc="Internal" value="BRWD2Z4"/>
        </identifiers>
        <balance>3695.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>44146.95000000</valUSD>
        <pctVal>0.023617959586</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>Mandatum Oyj</name>
        <lei>743700OAJK6L28Y2NN56</lei>
        <title>MANDATUM OYJ</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FI4000552526"/>
          <other otherDesc="Internal" value="BRX9C06"/>
        </identifiers>
        <balance>50395.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>403051.82000000</valUSD>
        <pctVal>0.215626710245</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>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"/>
        </identifiers>
        <balance>7929.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>67382.24000000</valUSD>
        <pctVal>0.036048493070</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"/>
        </identifiers>
        <balance>27955.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>59261.09000000</valUSD>
        <pctVal>0.031703798986</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>CMB.TECH NV</name>
        <lei>549300D80RYON74MEJ03</lei>
        <title>CMB TECH NV</title>
        <cusip>B38564108</cusip>
        <identifiers>
          <isin value="BE0003816338"/>
          <other otherDesc="Internal" value="BS55715"/>
        </identifiers>
        <balance>7820.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="9.26470000"/>
        <valUSD>107533.76000000</valUSD>
        <pctVal>0.057528957217</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>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>3014.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>309907.01000000</valUSD>
        <pctVal>0.165795626597</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>Rusta AB (publ)</name>
        <lei>549300V512S3QMRNO618</lei>
        <title>RUSTA AB</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="SE0020848356"/>
          <other otherDesc="Internal" value="BS85S97"/>
        </identifiers>
        <balance>6657.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>72678.84000000</valUSD>
        <pctVal>0.038882095045</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>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"/>
        </identifiers>
        <balance>3983.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>60115.96000000</valUSD>
        <pctVal>0.032161141681</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>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"/>
        </identifiers>
        <balance>7158.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>170909.25000000</valUSD>
        <pctVal>0.091433898817</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>Sveafastigheter AB (publ)</name>
        <lei>636700W1VM86O2G2AA36</lei>
        <title>SVEAFASTIGHETER AB</title>
        <cusip>W8963L106</cusip>
        <identifiers>
          <isin value="SE0022243812"/>
          <other otherDesc="Internal" value="BSJMD36"/>
        </identifiers>
        <balance>7125.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>26009.02000000</valUSD>
        <pctVal>0.013914437650</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>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"/>
        </identifiers>
        <balance>11465.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>82439.17000000</valUSD>
        <pctVal>0.044103725973</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>Brembo N.V.</name>
        <lei>549300BLWVJN2BAT0A44</lei>
        <title>BREMBO NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015001KT6"/>
          <other otherDesc="Internal" value="BSMM753"/>
        </identifiers>
        <balance>17508.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>164986.07000000</valUSD>
        <pctVal>0.088265085890</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>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"/>
        </identifiers>
        <balance>12703.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>317302.63000000</valUSD>
        <pctVal>0.169752172956</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>Asmodee Group AB</name>
        <lei>636700G5993BBAFDYD02</lei>
        <title>ASMODEE GROUP AB</title>
        <cusip>W1R75P108</cusip>
        <identifiers>
          <isin value="SE0023615638"/>
          <other otherDesc="Internal" value="BSRKCQ8"/>
        </identifiers>
        <balance>18427.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>247283.34000000</valUSD>
        <pctVal>0.132292897480</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>Hiab Oyj</name>
        <lei>5493002B0GOVF42KWX33</lei>
        <title>HIAB OYJ</title>
        <cusip>X10788184</cusip>
        <identifiers>
          <isin value="FI4000571013"/>
          <other otherDesc="Internal" value="BT195Y7"/>
        </identifiers>
        <balance>4548.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>270357.48000000</valUSD>
        <pctVal>0.144637218119</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>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>4548.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>243895.25000000</valUSD>
        <pctVal>0.130480319880</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>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"/>
        </identifiers>
        <balance>14652.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>206059.51000000</valUSD>
        <pctVal>0.110238763482</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>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>11212.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>224005.22000000</valUSD>
        <pctVal>0.119839450585</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>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"/>
        </identifiers>
        <balance>3961.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>111808.14000000</valUSD>
        <pctVal>0.059815686744</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>CECONOMY AG</name>
        <lei>5299001X9L42HXEBCZ51</lei>
        <title>CECONOMY AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A40ZVV0"/>
          <other otherDesc="Internal" value="BT7MHJ9"/>
        </identifiers>
        <balance>17551.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>90222.42000000</valUSD>
        <pctVal>0.048267648599</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>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"/>
        </identifiers>
        <balance>25025.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>204775.26000000</valUSD>
        <pctVal>0.109551708893</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>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"/>
        </identifiers>
        <balance>1786.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>82486.86000000</valUSD>
        <pctVal>0.044129239412</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>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"/>
        </identifiers>
        <balance>15173.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>104647.30000000</valUSD>
        <pctVal>0.055984744182</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="104647.30000000"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>15533.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>199530.35000000</valUSD>
        <pctVal>0.106745760296</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>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>3188.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>57777.46000000</valUSD>
        <pctVal>0.030910079071</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>11904.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>503090.42000000</valUSD>
        <pctVal>0.269145868689</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="487199.79517400"/>
        </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>18560.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>585655.63000000</valUSD>
        <pctVal>0.313317024182</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>31166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>100086.31000000</valUSD>
        <pctVal>0.053544682581</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>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>3490.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>232383.41000000</valUSD>
        <pctVal>0.124321657234</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>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>22137.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>210471.70000000</valUSD>
        <pctVal>0.112599219303</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>Hacksaw AB</name>
        <lei>636700SMLZDCBPNPMJ36</lei>
        <title>HACKSAW AB</title>
        <cusip>W42390109</cusip>
        <identifiers>
          <isin value="SE0025138357"/>
          <other otherDesc="Internal" value="BV5F910"/>
        </identifiers>
        <balance>6867.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>63071.31000000</valUSD>
        <pctVal>0.033742209838</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>SHAWBROOK GROUP PLC</name>
        <lei>21380071539WSMTM4410</lei>
        <title>SHAWBROOK GROUP PLC</title>
        <cusip>G8072S123</cusip>
        <identifiers>
          <isin value="GB00BV9DPV21"/>
          <other otherDesc="Internal" value="BV9DPV2"/>
        </identifiers>
        <balance>15237.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>67165.03000000</valUSD>
        <pctVal>0.035932288960</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"/>
        </identifiers>
        <balance>7475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>378461.44000000</valUSD>
        <pctVal>0.202471223829</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>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"/>
        </identifiers>
        <balance>4570.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>460919.56000000</valUSD>
        <pctVal>0.246585087770</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>Havas N.V.</name>
        <lei>894500L53AVOFQK7T710</lei>
        <title>HAVAS NV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0015002K83"/>
          <other otherDesc="Internal" value="BVD9FN8"/>
        </identifiers>
        <balance>7572.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>144125.74000000</valUSD>
        <pctVal>0.077105120572</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>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"/>
        </identifiers>
        <balance>15059.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>35571.93000000</valUSD>
        <pctVal>0.019030451823</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>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"/>
        </identifiers>
        <balance>96847.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>406950.63000000</valUSD>
        <pctVal>0.217712515426</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>5651.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>86973.77000000</valUSD>
        <pctVal>0.046529669318</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>21952.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>524055.88000000</valUSD>
        <pctVal>0.280362076988</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>12703.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>387855.81000000</valUSD>
        <pctVal>0.207497071616</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>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>51894.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>340108.55000000</valUSD>
        <pctVal>0.181952999896</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>19349.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>597888.04000000</valUSD>
        <pctVal>0.319861181027</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>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>118318.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>270357.95000000</valUSD>
        <pctVal>0.144637469562</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>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>38435.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>808758.72000000</valUSD>
        <pctVal>0.432673848677</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"/>
        </identifiers>
        <balance>18308.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>108953.98000000</valUSD>
        <pctVal>0.058288753727</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>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"/>
        </identifiers>
        <balance>11839.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>15979.06000000</valUSD>
        <pctVal>0.008548558695</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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>20224.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>556205.30000000</valUSD>
        <pctVal>0.297561537025</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>4477.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>83343.92000000</valUSD>
        <pctVal>0.044587753724</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>1006.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>84971.08000000</valUSD>
        <pctVal>0.045458260048</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>5974.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>399530.66000000</valUSD>
        <pctVal>0.213742942180</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>31003.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>252349.02000000</valUSD>
        <pctVal>0.135002960701</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>18932.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>144626.98000000</valUSD>
        <pctVal>0.077373276493</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>635400GGBEWULJXM5868</lei>
        <title>GREENCORE GROUP CVR</title>
        <cusip>G40CVR124</cusip>
        <identifiers>
          <isin value="N/A"/>
          <other otherDesc="Internal" value="G40CVR124"/>
        </identifiers>
        <balance>19179.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>521.96000000</valUSD>
        <pctVal>0.000279240812</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>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>16791.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>64047.95000000</valUSD>
        <pctVal>0.034264697667</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="64047.94999900"/>
        </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>2042.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>237819.29000000</valUSD>
        <pctVal>0.127229771932</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>44484.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>117370.76000000</valUSD>
        <pctVal>0.062791605451</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>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>70719.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>1228345.36000000</valUSD>
        <pctVal>0.657146440926</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>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>2344.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>665593.54000000</valUSD>
        <pctVal>0.356082613374</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>Galenica AG</name>
        <lei>506700W4772BD8016Z20</lei>
        <title>GALENICA AG</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0360674466"/>
          <other otherDesc="Internal" value="BYQCQ32"/>
        </identifiers>
        <balance>5904.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>629049.72000000</valUSD>
        <pctVal>0.336532214900</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>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>8109.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>182244.46000000</valUSD>
        <pctVal>0.097498067048</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>1119.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>72363.60000000</valUSD>
        <pctVal>0.038713446349</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>2722.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>40699.73000000</valUSD>
        <pctVal>0.021773748317</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>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>305190.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>388278.54000000</valUSD>
        <pctVal>0.207723225859</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>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"/>
        </identifiers>
        <balance>3644.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>78269.72000000</valUSD>
        <pctVal>0.041873132431</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>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"/>
        </identifiers>
        <balance>37500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>126722.81000000</valUSD>
        <pctVal>0.067794812670</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>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"/>
        </identifiers>
        <balance>18049.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>176021.60000000</valUSD>
        <pctVal>0.094168929792</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>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>4911.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>324108.13000000</valUSD>
        <pctVal>0.173393013919</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>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>34392.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>847924.71000000</valUSD>
        <pctVal>0.453627068978</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>flatexDEGIRO SE</name>
        <lei>529900IRBZTADXJB6757</lei>
        <title>FLATEXDEGIRO SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000FTG1111"/>
          <other otherDesc="Internal" value="BYVQYG8"/>
        </identifiers>
        <balance>9812.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>351070.52000000</valUSD>
        <pctVal>0.187817490296</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"/>
        </identifiers>
        <balance>86804.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>218283.02000000</valUSD>
        <pctVal>0.116778158959</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>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"/>
        </identifiers>
        <balance>82784.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>28738.90000000</valUSD>
        <pctVal>0.015374882721</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>HelloFresh SE</name>
        <lei>391200ZAF4V6XD2M9G57</lei>
        <title>HELLOFRESH SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000A161408"/>
          <other otherDesc="Internal" value="BYWH8S0"/>
        </identifiers>
        <balance>15527.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>84321.31000000</valUSD>
        <pctVal>0.045110642792</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="84321.30999900"/>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>4584.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>265564.17000000</valUSD>
        <pctVal>0.142072868784</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>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"/>
        </identifiers>
        <balance>8187.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>130261.33000000</valUSD>
        <pctVal>0.069687868076</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>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"/>
        </identifiers>
        <balance>4386.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>162356.17000000</valUSD>
        <pctVal>0.086858128627</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>SIGMAROC PLC</name>
        <lei>213800Q3CJUERBGD1E44</lei>
        <title>SIGMAROC PLC</title>
        <cusip>G81267109</cusip>
        <identifiers>
          <isin value="GB00BYX5K988"/>
          <other otherDesc="Internal" value="BYX5K98"/>
        </identifiers>
        <balance>117782.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>197561.40000000</valUSD>
        <pctVal>0.105692401422</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>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"/>
        </identifiers>
        <balance>2274.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>171198.75000000</valUSD>
        <pctVal>0.091588776998</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>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>45396.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>63316.91000000</valUSD>
        <pctVal>0.033873602174</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>8825.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>133912.70000000</valUSD>
        <pctVal>0.071641296548</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>7150.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>74845.88000000</valUSD>
        <pctVal>0.040041429114</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>1574.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>147475.29000000</valUSD>
        <pctVal>0.078897079847</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>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>14372.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>326876.47000000</valUSD>
        <pctVal>0.174874034516</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>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>1928.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>109161.56000000</valUSD>
        <pctVal>0.058399805930</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="109161.55999900"/>
        </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>963.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.78135000"/>
        <valUSD>101289.63000000</valUSD>
        <pctVal>0.054188440828</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>10460.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>59386.27000000</valUSD>
        <pctVal>0.031770768418</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>2554.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>47612.36000000</valUSD>
        <pctVal>0.025471902232</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>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>2522.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>90986.43000000</valUSD>
        <pctVal>0.048676382550</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>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>15254.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>286411.62000000</valUSD>
        <pctVal>0.153225943494</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>17038.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>988588.94000000</valUSD>
        <pctVal>0.528880333345</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>5350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>56632.87000000</valUSD>
        <pctVal>0.030297740498</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>10621.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>48242.52000000</valUSD>
        <pctVal>0.025809028431</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>2342.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>52943.43000000</valUSD>
        <pctVal>0.028323945144</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="52943.43000000"/>
        </securityLending>
      </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>11700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>118279.03000000</valUSD>
        <pctVal>0.063277516349</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>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>15172.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>334479.47000000</valUSD>
        <pctVal>0.178941526081</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>575.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>25370.27000000</valUSD>
        <pctVal>0.013572715930</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="25370.27000000"/>
        </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>1768.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>60382.87000000</valUSD>
        <pctVal>0.032303934549</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>18887.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>192851.38000000</valUSD>
        <pctVal>0.103172610995</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>12714.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>233273.03000000</valUSD>
        <pctVal>0.124797590661</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>9830.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>111222.85000000</valUSD>
        <pctVal>0.059502565326</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>8289.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>97858.28000000</valUSD>
        <pctVal>0.052352719773</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>5523.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="9.26470000"/>
        <valUSD>121177.95000000</valUSD>
        <pctVal>0.064828395298</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>1409.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>73221.76000000</valUSD>
        <pctVal>0.039172549145</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>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>24104.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>249061.40000000</valUSD>
        <pctVal>0.133244133052</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>2652.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>294038.56000000</valUSD>
        <pctVal>0.157306242602</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>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>14361.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>166149.52000000</valUSD>
        <pctVal>0.088887514281</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>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"/>
        </identifiers>
        <balance>4700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>152362.91000000</valUSD>
        <pctVal>0.081511883625</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>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>1731.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>245415.78000000</valUSD>
        <pctVal>0.131293780744</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>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>6512.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>83438.80000000</valUSD>
        <pctVal>0.044638513109</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>3887.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.23275000"/>
        <valUSD>226919.72000000</valUSD>
        <pctVal>0.121398664602</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>7125.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.36715000"/>
        <valUSD>228504.90000000</valUSD>
        <pctVal>0.122246712251</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>19894.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>562530.29000000</valUSD>
        <pctVal>0.300945312307</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>PIRELLI &amp; C. S.P.A.</name>
        <lei>815600A0C9AFC1F2A709</lei>
        <title>PIRELLI C SPA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IT0005278236"/>
          <other otherDesc="Internal" value="BZ5ZHK3"/>
        </identifiers>
        <balance>50888.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>350018.31000000</valUSD>
        <pctVal>0.187254573645</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>SOITEC SA</name>
        <lei>969500ZR92SQCU9TST26</lei>
        <title>SOITEC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="FR0013227113"/>
          <other otherDesc="Internal" value="BZ6T5C2"/>
        </identifiers>
        <balance>3178.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>478123.19000000</valUSD>
        <pctVal>0.255788773145</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>HORNBACH Holding AG &amp; Co. KGaA</name>
        <lei>529900EGQZ79V21LBL44</lei>
        <title>HORNBACH HOLDING AG CO KGAA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE0006083405"/>
          <other otherDesc="Internal" value="BZBWTJ1"/>
        </identifiers>
        <balance>1248.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>118652.44000000</valUSD>
        <pctVal>0.063477285128</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>MILLICOM INTERNATIONAL CELLULAR S.A.</name>
        <lei>549300CTHC1CP86P2G96</lei>
        <title>MILLICOM INTERNATIONAL CELLULAR SA</title>
        <cusip>L6388F110</cusip>
        <identifiers>
          <isin value="LU0038705702"/>
          <other otherDesc="Internal" value="L6388F110"/>
        </identifiers>
        <balance>11856.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1006337.28000000</valUSD>
        <pctVal>0.538375430444</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>MICRO EURO STOXX JUN26</name>
        <lei>N/A</lei>
        <title>MICRO EURO STOXX JUN26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="MZTM6"/>
          <other otherDesc="INTERNAL" value="MZTM62026"/>
        </identifiers>
        <balance>152.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.85204300"/>
        <valUSD>24271.11000000</valUSD>
        <pctVal>0.012984681729</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>MICRO EURO STOXX JUN26</indexName>
                <indexIdentifier>FSXEM26</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2026-06-22</expDate>
            <notionalAmt>1017554.24000000</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>24271.11000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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>2562.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>79447.62000000</valUSD>
        <pctVal>0.042503291357</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>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>5.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="0.73488900"/>
        <valUSD>6868.11000000</valUSD>
        <pctVal>0.003674336379</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>700256.35000000</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>6868.11000000</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>
